Export Development Canada facilitated US$13.2 billion in business in Latin America last year, building on record year of $13.9 billion in 2016.

High oil prices seem to have become a fact of life. Many have grudgingly advised that we had better get used to it, and move on. Analysis repeatedly cites insatiable emerging market demand and limited accessible supplies as key factors. It’s tough, if not impossible to refute these arguments, but similar reasoning in the early 1970s led to wacky forecasts. Are today’s triple-digit projections reasonable?

Predictability is a long-sought but elusive state in the modern economy. It seems particularly elusive at the moment. Unusual uncertainty and volatility are delaying the global economy’s healing process. Listen to the the podcast from Peter Hall, VP and Chief Economist with Export Development Canada.