Canada’s oil patch booked three consecutive years of hefty losses after the oil prices crash in 2014. This year, the industry is set to post a very slim gross profit—the first profit in four years. Despite the expectation that the tide is finally turning for Canada’s oil producers, significant challenges remain, with constrained pipeline capacity and limited capability to expand export markets the biggest of them all, the Conference Board of Canada said in a report last week. The industry will have its winners and laggards this year, analysts say , but as a whole, it will be a very long and very slow recovery of revenues for the Canadian oil patch, the Conference Board of Canada reckons. Rising oil prices and production will help the oil industry to turn to profitability this year—it is expected to generate a combined US$1.1 billion (C$1.4 billion) in pre-tax profits on revenues […]