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The Canadian Association of Petroleum Producers says there have already been 35,000 jobs lost in the province due to the slumping oil price and subsequent downturn in the economy.

And experts anticipate more pain to come this fall in the province’s labour market as Scotiabank reported Monday it expects the price of oil to remain under US$50 for the next 12 months.

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CAPP said those job losses this year include 25,000 in the oil services sector and another 10,000 in exploration and production.

Chelsie Klassen, spokesperson for CAPP, said the numbers come from a recent report by the Canadian Association of Oilwell Drilling Contractors as well as a CAPP tabulation of companies that have publicly announced layoffs.

“It’s not a time where we can speculate how many job losses but companies are evaluating their competitive position right now and just doing their budget cycles for next year. So in that budget cycle they will take into account how competitive they are in the market and each company is different,” she said. “It depends how they want to position themselves competitively.