Oil down 3 percent todayBP down near 5 percent pre market trade and SDRLis down over 7 percent. I now believe oil may hit 40 dollars a barrel in the near future. This is not going to be pretty for Alberta, Sask and NFLD. Some one was saying that layoffs already started in Alberta in the oil patch and homes drop in value in Fort Mac by 15 percent over the last 3 months and may continue to get worst before getting better. Canada's economy is going to suffer with budget shortfalls everywhere. Will Canada move towards another recession.