OPEC's decision to cede no ground to rival producers underscored the price war in the crude market and the challenge to U.S. shale drillers.
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Canada's energy sector faces the prospect of a lengthy downturn in oil prices and broad spending cuts after OPEC said it does not intend to cut production - a move that sent crude prices and energy shares plunging.
Canada posted its narrowest current account deficit since 2008 in Q3 2014, as deficits in tourism and investment fell and non-energy exports surged, Statistics Canada reported on Thursday.