“There will be blood” from oil price slump says JP Morgan

“There will be blood” from oil price slump says JP Morgan

“There will be blood” from oil price slump says JP Morgan US bank JP Morgan Chase today issued a chilling warning on the impact that Canada will feel from the collapse of oil prices. With experts now forecasting growth of 2 per cent, possibly lower, nationally this year and some suggesting a recession for Alberta, the bank says “there will be blood”. Additionally, a new poll today show that 1 in 5 energy companies in Alberta are predicting job cuts with many already cutting workforce, capital spending, or both.