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Premiers conference could see clash over pipelines and emissions
Premiers conference could see clash over pipelines and emissions Saskatchewan Premier Brad Wall signals growing frustration with Ontario, Quebec Canada’s longest serving premier isn’t happy. Not one bit. And Brad Wall is letting some of his colleagues know it before he arrives in St. John’s for the annual meeting of the country’s provincial and territorial […]
Bank of Canada interest rate decision: To cut or not to cut?
Bank of Canada interest rate decision: To cut or not to cut? With interest rates at historic lows, could it possibly make sense to go even further? It came as a shock to just about everyone when Bank of Canada governor Stephen Poloz announced the central bank would lower its benchmark lending rate in January to 0.75 […]
Calgary thunderstorm causes power outages, flooding in Chestermere
Calgary thunderstorm causes power outages, flooding in Chestermere Lightning advisory that grounded all flights at Calgary airport now lifted People in Calgary woke up with a bang early Sunday morning as a line of thunderstorms hovered over the city, bringing lightning, power outages and overland flooding in communities to the east. As the storms moved eastward, […]
Canada’s technical recession ‘contained,’ says former PBO Kevin Page
Canada’s technical recession ‘contained,’ says former PBO Kevin Page Ex-parliamentary budget officer says there is ‘still lots of growth in the service sector’ Although Canada is in a likely technical recession — defined as two consecutive quarters of negative growth — it’s a recession that is contained, says former budget watchdog Kevin Page. “In the current context, if you […]
Canadian households are racking up more debt, poll suggests
Canadian households are racking up more debt, poll suggests Average Canadian household owes $92,699, BMO poll suggests A new poll suggests Canadian households are piling on more debt and plan to borrow more in the short term, even though a slight rise in interest rates would “stress” most of them out. In BMO’s Annual Debt […]
Shadow mortgage lending on the rise as house prices soar
Shadow mortgage lending on the rise as house prices soar Shadow lending represents about 4 to 5 per cent of Canada’s mortgage market Canada’s housing boom is increasingly driving homebuyers to seek mortgages from private lenders, who demand rates that can be more than five times higher than those charged by the nation’s banks. Canadian […]
Metro Vancouver air quality comparable to Beijing
Metro Vancouver air quality comparable to Beijing Health authorities advise caution due to smoke from hundreds of wildfires across B.C. Smoke from wildfires in the Interior of British Columbia blankets the Lions Gate Bridge in Vancouver. Health officials in the province have issued air quality warnings as a result of the fires. (Jonathan Hayward/Canadian Press) […]
Greece’s PM Tsipras says country prepared to accept most bailout demands
Greece’s PM Tsipras says country prepared to accept most bailout demands Greece became first country to miss IMF payment since Zimbabwe in 2001 Greece’s government has made new concessions in talks with its creditors, though some European officials said they were still not good enough and that a deal was nevertheless impossible before a Greek […]
Why B.C. may be in for a long, hot summer
Why B.C. may be in for a long, hot summer A dry spring, a warmer than usual Pacific Ocean, and an El Niño means the hot weather could be here to stay Whenever temperatures approach 30 C in Metro Vancouver, it’s a talker. While the thermostat does get close once or twice each summer, this particular heat […]
2-income families nearly doubled from 1976 to 2014
2-income families nearly doubled from 1976 to 2014 As Canadian families change, number of stay-at-home parents plunges, but more of them are dads Families with both parents working are a substantial majority in Canada, with 69 per cent of couples with a child under 16 years of age having two incomes, according to Statistics Canada. […]
TransCanada cuts 185 jobs as it restructures
TransCanada cuts 185 jobs as it restructures Pipeline company eliminates jobs to remain competitive and cut costs Keystone XL proponent TransCanada Corp. has laid off 185 people in its major projects department, most of them in Calgary. The jobs that were cut on Tuesday included about 100 full-time employees while the rest were contract workers. As a pipeline operator, TransCanada has […]
Gas prices ‘way beyond’ where oil rebound should have them: BMO
Gas prices ‘way beyond’ where oil rebound should have them: BMO It’s not just you: Gas prices are much higher than they should be, energy experts say Gas prices are up by more than a third since the start of the year, a figure much higher than one would expect based on the slight rebound in […]
Toxic algae blooms: What you should know about the mysterious phenomena
Toxic algae blooms: What you should know about the mysterious phenomena Algae can produce some of the most harmful natural toxins known to science In August 1961, a bizarre scene unfolded in the skies above the coastal town of Capitola, Calif., on the northern end of Monterey Bay. Residents watched in terror as seabirds dive-bombed into the ground at […]
Fed chair Yellen tells Canadian homeowners to watch out: Don Pittis
Fed chair Yellen tells Canadian homeowners to watch out: Don Pittis Your mortgage rates are going up, and U.S. Fed chair is pretty specific on how much The financial analysts think they have it figured out. After listening to U.S. Federal Reserve chair Janet Yellen’s speech and her wily answers to questions from reporters, the consensus seems […]
Janet Yellen’s clout today is especially hefty: Don Pittis
Janet Yellen’s clout today is especially hefty: Don Pittis The sense that change is afoot lends power to the U.S. central banker’s words If you live in a cave and survive on nuts, berries and the odd roasted squirrel, what U.S. Federal Reserve chair Janet Yellen says today won’t make much difference to your life. At least not right […]
