Prior of the mid 2000′s oil and gas prices were too low for anyone for the oil company major players to consider acquiring and investing in the Canadian and foreign Oil sand – be it for reasons for finance or company profits.
Canadian dollars abounded and Oil Sands in the North of Alberta Canada would have to play ever increasing important rolesl. With the help of political and financial incentives this all changed. Companies like Suncor , Petro Canada and others started to experiment and build up necessary operations to mine Athabasca Oil Sands on a truly large scale. Along with this development major financial institutions like R.B.C ( Royal Bank of Canada), The Bank of Nova Scotia , The Canadian Imperial Bank of Commercial plus non Canadian foreign banks and banking institutions all followed with aggressive banking and currency support services .
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