Threat of recession in 2023 one factor in keeping Canadian oilpatch spending in check, says analyst

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https://i.cbc.ca/1.5194423.1672160382!/cpImage/httpImage/image.jpg_gen/derivatives/16x9_460/oilpatch-spending-20180904.jpg For Canada's energy industry, 2022 was the year that finally snapped a decade of weak commodity prices and brought prosperity back to the sector. But most of these profits went to paying down debt and rewarding shareholders, not into major construction or infrastructure projects, analysts say.


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