Faculty News
Professor Michael Spence discusses the impact of China's market slowdown on Canadian oil markets
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Excerpt from CBS News -- "Despite the market upheaval caused by China's slowdown and the hit Canada is feeling from the collapse in oil prices, A. Michael Spence, a Nobel laureate and fellow with the Council on Foreign Relations, remains sanguine. 'China and the markets really overestimated on the demand side, and what China was doing was just not sustainable economically or environmentally,' Spence told CBS MoneyWatch. 'The export markets (China was) selling into were no longer growing at the rates they once were.'"
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