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Loonie Slides As Canadian Officials Reportedly Doubt NAFTA Deal Will Get Done
Loonie Slides As Canadian Officials Reportedly Doubt NAFTA Deal Will Get Done Despite outwardly optimistic appearances from Canada’s Freeland, talks between Canadian and U.S. trade negotiators reportedly turned sour last night and Trudeau government officials are now expressing concern that a final NAFTA deal will not be concluded on Friday. “That was a long, intensive […]
Canada’s Top Court Dismisses Burnaby Case Against Trans Mountain Pipeline
Canada’s Top Court Dismisses Burnaby Case Against Trans Mountain Pipeline Canada’s Supreme Court on Thursday dismissed an appeal by the City of Burnaby—the planned end point of the Trans Mountain pipeline expansion in British Columbia on the Pacific coast, clearing another legal hurdle for the project, which still faces several lawsuits at various Canadian courts. […]
Energy Is A Breaking Point In NAFTA Deal
Energy Is A Breaking Point In NAFTA Deal Oil and gas is proving to be a sticking point in the NAFTA renegotiations, with the incoming Mexican president hoping to exclude the chapter on energy from the trade deal. To be sure there have been a series of issues that have divided the three countries. Many […]
Toxic Mix in Canada: Spiking Inflation, Variable-Rate Mortgages, and a Housing Bubble
Toxic Mix in Canada: Spiking Inflation, Variable-Rate Mortgages, and a Housing Bubble What will the Bank of Canada do? The Bank of Canada has nudged up its target rate four times, starting July a year ago, from 0.5% to 1.5%. It last hiked on July 11. But now it is facing inflation that suddenly and […]
Blowout Week 241
Blowout Week 241 This week’s lead story features YouTube, which is fighting what it considers to be the misinformation on videos posted by global warming dissenters with fact-checking boxes (inset), with the data sourced from Wikipedia. We continue with Saudi Arabia’s oil production – is it up or down?; the Saudi/Canada standoff; US LNG and […]
Canada Frees Itself From Saudi Oil Imports
Canada Frees Itself From Saudi Oil Imports The ongoing political row between Canada and Saudi Arabia over Ottawa’s demand that the kingdom release detained women’s rights activists in the country is picking up momentum. Earlier this week, Saudi Arabia ordered the Canadian ambassador to leave Saudi Arabia “within 24 hours” after his country criticized the […]
“What They Did Was Unacceptable”: Saudis To Dump Canadian Assets “No Matter The Cost”
“What They Did Was Unacceptable”: Saudis To Dump Canadian Assets “No Matter The Cost” Update 2: Saudi foreign minister Adel Al-Jubeir has made a new statement – attempting to talk back The Kingdom’s rhetoric somewhat (or perhaps avoid sending its Canadian asset prices tumbling into a firesale). “What Canada did was unacceptable. Canada committed a […]
Diplomatic Feud Goes “Nuclear”: Saudis Start Dumping Canadian Assets “No Matter The Cost”
Diplomatic Feud Goes “Nuclear”: Saudis Start Dumping Canadian Assets “No Matter The Cost” The Saudis have escalated their fury towards Trudeau’s “progressive” propaganda. Having expelled the Canadian ambassador, froze new trade and investment with the G7 member, suspended a student exchange programme and halted Saudi Arabian Airlines flights to Canada, the Saudis are stepping up […]
Canada’s Biggest Producer Cuts Drilling As Heavy Oil Price Tumbles
Canada’s Biggest Producer Cuts Drilling As Heavy Oil Price Tumbles Canada Natural Resources, the largest producer, is allocating capital to lighter oil drilling and is curtailing heavy oil production as the price of Canadian heavy oil tumbled to a nearly five-year-low relative to the U.S. benchmark price. Due to the transportation bottlenecks, the discount at […]
Housing Bubbles Are Dangerous, That’s Why Canada is Finally Trying to Tamp Down on Them. And the US?
Housing Bubbles Are Dangerous, That’s Why Canada is Finally Trying to Tamp Down on Them. And the US? Wolf Richter with Jim Goddard on This Week in Money: The underlying dynamics are similar, but the approach is different. Home prices experience a historic spike in Seattle, and sharp increases in other metros, but prices of condos […]
Canadians Begin Boycotting US Goods
Canadians Begin Boycotting US Goods With Trump’s trade war against China progressing and escalating seemingly every day, culminating for now with China’s Friday announcement of another $60 billion in tariffs on US imports in response to Trump’s threat to tax $200 billion of Chinese imports at a 25% rate, some China watchers expected that one […]
We’re in year 30 of the current climate crisis
An excerpt from the Conference Statement of the 1988 World Conference on the Changing Atmosphere held in Toronto We’re in year 30 of the current climate crisis In late-June, 1988, Canada hosted the world’s first large-scale climate conference that brought together scientists, experts, policymakers, elected officials, and the media. The “World Conference on the Changing […]
Canada, U.S. governments watching, but not intervening, in coal mine pollution controversy
Teck’s Greenhills mountaintop removal coal mine, in B.C.’s Elk Valley. Photo: Garth Lenz. Canada, U.S. governments watching, but not intervening, in coal mine pollution controversy U.S. officials accused Canada of omitting information on selenium pollution flowing from B.C.’s Elk Valley into Montana waters The U.S. State Department is not going to intervene in a dispute […]
Canada Global Warming Tax up to $1,000 per Household?
Canada Global Warming Tax up to $1,000 per Household? I have been warning that Global Warming is profitable for governments. They paid these academics $1 billion to come up with dire forecasts that ignore nature, cycles, and history, all to justify taxing people that will never actually impact anything nor balance their budgets. Canadian households […]
Spending on Housing Dropped 12% in Canada in June
Spending on Housing Dropped 12% in Canada in June The national slowdown was particularly unkind to the province of BC. Canadian housing data continued to disappoint in the month of June. Albeit the year-over-year decline in home sales was not nearly as disappointing as the month of May. National home sales fell 11% year-over-year in […]
