'Impact is deep': Canadian drilling contractors want federal help to save them

Representatives of Canada's drilling industry say they are facing a once-in-a-lifetime collapse and need Ottawa's help to avoid it. The Canadian Association of Oilwell Drilling Contractors (CAODC) says the Trudeau government needs to provide support by deferring the remittance of GST, HST and payroll deductions for six months and purchase accounts receivable from the drilling and service rig companies for a discounted face value of 85 cents on the dollar. "We have reached the breaking point," sa