CANADIAN INDUSTRY LOGS LOSS FOR FIRST 9 MONTHS OF 1991

Canada's petroleum industry watchdog has confirmed a dismal economic year for most companies, with combined losses of $245 million in the first 9 months of 1991. The Petroleum Monitoring Agency (PMA) said it was the industry's first losing year since 1986 and compared with a profit of $1.6 billion in the first 9 months of 1990.

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