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5 signs of trouble for Saskatchewan’s economy in oil slump
5 signs of trouble for Saskatchewan’s economy in oil slump Many said province could withstand economic blows from oil and gas, but there are troubling signs When crude oil prices began to plummet, economists comforted Saskatchewan residents that their diversified economy would safeguard them during the oil and gas slump. In fact, Saskatchewan’s economy isn’t […]
TransUnion expects spike in debt delinquencies in Alberta, Saskatchewan
TransUnion expects spike in debt delinquencies in Alberta, Saskatchewan Alberta and Saskatchewan will soon see a ‘sharp’ increase in the number of people falling behind on their debts for the rest of this year, credit agency TransUnion says. The debt monitor said in a study released Wednesday that it is expecting the number of consumer credit […]
Beef prices could rise further with cruel Alberta drought
Beef prices could rise further with cruel Alberta drought Herd size expected to shrink as ranchers sell off cattle The price of steaks, roasts and other cuts of beef are expected to increase further because of drought conditions in Alberta, although it may take about a year before consumers feel the full bite on store shelves. Retail […]
Canadian dollar dips below 77 cents with more pain to come
Canadian dollar dips below 77 cents with more pain to come TD Bank predicts 73-cent loonie as effects of low oil linger The Canadian dollar is nearing its low for the year Friday, after news that the economy contracted for a fifth straight month in May. The loonie closed at 76.45 US cents, down half a cent from […]
Home Capital scandal may presage a slowdown: Don Pittis
Home Capital scandal may presage a slowdown: Don Pittis Is false income data a symptom of an industry that has run its course? Could the scandal at Home Capital just be the beginning? The Canadian alternative mortgage company halted its shares after it was revealed that some of its brokers had been falsifying information on the income of […]
What U.S. Fed chair Janet Yellen doesn’t know: Don Pittis
What U.S. Fed chair Janet Yellen doesn’t know: Don Pittis Continued risks to a U.S. and Canadian economic recovery keep us guessing about interest rates If everyone is so confident interest rates are going to go up in the autumn, why doesn’t U.S. Federal Reserve chair Janet Yellen just say they are going to go up in […]
Who’s afraid of $50 oil? (Answer: Canada’s oil industry)
Who’s afraid of $50 oil? (Answer: Canada’s oil industry) Oil below $50 a barrel could spur another leg down for Canada’s oil industry It may be high summer on the calendar, but Canada’s energy companies are already looking towards the coming winter. What they see is looking worse now than it was even a month […]
Trans-Pacific Partnership trade talks peak as Canada eyes election timing
Trans-Pacific Partnership trade talks peak as Canada eyes election timing ‘It’s hard to put out a press release during an election, let alone a 21st century trade agreement’ Pity Ed Fast’s campaign manager in Abbotsford, B.C. While most MPs running for re-election are focused on campaigning, Stephen Harper’s trade minister is in Maui, Hawaii, this […]
Forget politics, here is what the economy needs: Don Pittis
Forget politics, here is what the economy needs: Don Pittis Try seeking a recovery as if Canada weren’t in election mode If Prime Minister Stephen Harper could wave a magic wand and make the Canadian economy boom, you’d think he would do it now. It’s well-known that one of the main barriers for an existing government to […]
Oil prices are down, gasoline prices are not. What gives?
Oil prices are down, gasoline prices are not. What gives? It’s a good summer to be selling gasoline, not a great one to be buying it In mid-February, the price of oil hovered around $50 US a barrel, and a litre of gasoline cost, on average, $1.01 Cdn. This week, the price of oil is hovering around […]
Plunging loonie means inflation in store: Don Pittis
Plunging loonie means inflation in store: Don Pittis Falling Canadian dollar means there are bargains to be had, but not for long Taking a shortcut through an underground mall yesterday, I saw a couple who looked like Pan Am visitors ogling the low price of jewelry outside a little downtown Toronto shop. Normally, we think of U.S. prices being cheaper […]
B.C. wildfire forces evacuation near Shelter Cove area of West Kelowna
B.C. wildfire forces evacuation near Shelter Cove area of West Kelowna Darkness preventing helicopter or air tanker support from effectively assisting firefighters Fire crews and officials scrambled to keep residents safe from a quickly spreading blaze near Westside Road in West Kelowna, B.C., which has so far destroyed at least one home. The wildfire was sparked by lightning on Sunday […]
Greece crisis: Banks reopen as government eyes return to normalcy
Greece crisis: Banks reopen as government eyes return to normalcy Stock market remains closed Greek banks opened their doors Monday for the first time in over three weeks, a move that the government hopes will help the economy get back to normal following a period dominated by fears over the country’s future in the euro. […]
Microplastics at ‘alarming levels’ in Canadian lakes and rivers
Microplastics at ‘alarming levels’ in Canadian lakes and rivers Microbeads just tip of plastic iceberg floating in Canadian waters Tiny plastic pellets called microbeads have gotten a lot of attention as a major water pollutant, but less-discussed microplastics are equally concerning, according to new research being done in Canada. “In recent years, they’ve been detected […]
Canadian dollar dips below 77 cents for first time since 2009
Canadian dollar dips below 77 cents for first time since 2009 As strong U.S. dollar helps push loonie to 6-year low, analyst sees possible drop to 73 cents The Canadian dollar fell below 77 cents against the U.S. dollar on July 17, 2015. (Mark Blinch/Reuters) The Canadian dollar dropped to below 77 cents against the U.S. […]
