Photographer: Brett Gundlock/Bloomberg

Oil Patch Braces for Exploration Chill After Canada's Election

  • Liberals, NDP would restrict use of key tax deduction
  • Industry warns against adding disincentive for investment

As Canada’s oil patch grapples with a price shock, pipeline delays and rising tax rates, the federal election could add another barrier to recovery by reining in a key incentive for development of new wells.

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