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U.S. Rig Count Continues To Rise As Canadian Rig Count Plunges
U.S. Rig Count Continues To Rise As Canadian Rig Count Plunges Baker Hughes reported another 5-rig increase to the number of oil and gas rigs this week. The total number of oil and gas rigs now stands at 995, which is an addition of 186 rigs year over year. The number of oil rigs in […]
Loonie Spikes As Canadian Consumer Prices Surge
Loonie Spikes As Canadian Consumer Prices Surge Oh, Canada… growth is stagnating, housing bubbles imploding, and now inflation is surging… Canadian Consumer prices surge 2.2% YoY (well above expectations of +1.9% and January’s +1.7% YoY) Core prices – which exclude more volatile items like energy and are considered a gauge of inflation pressures – inched […]
Poloz to Queen’s University debt slaves: don’t worry about the “poverty effect”
Poloz to Queen’s University debt slaves: don’t worry about the “poverty effect” Kingston – Bank of Canada Governor Stephen Poloz got a warm welcome following a key policy presentation at his alma mater last week “These are exciting times,” Poloz told a large crowd at Queen’s University . “Students here will shape the future. I […]
Canada’s Pipeline Challenges Will Force More Tar Sands Oil to Move by Rail
Canada’s Pipeline Challenges Will Force More Tar Sands Oil to Move by Rail The Motley Fool has been advising investors on “How to Profit From the Re-Emergence of Canada’s Crude-by-Rail Strategy.” But what makes transporting Canadian crude oil by rail attractive to investors? According to the Motley Fool, the reason is “… right now, there is so much excess oil being […]
Canada Is Facing A Heavy Crude Crisis
Canada Is Facing A Heavy Crude Crisis Canada’s benchmark heavy crude oil widened its discount to WTI to the largest in six trading sessions on Thursday, as additional storage capacity in Alberta and data about lower crude-by-rail shipments added concerns over the domestic oil glut, as TransCanada’s Keystone Pipeline has yet to return to normal […]
Loonie Tests 2018 Lows As Canada Existing Home Sales Crash To 5 Year Lows
Loonie Tests 2018 Lows As Canada Existing Home Sales Crash To 5 Year Lows The Canadian Dollar dropped, testing the lows of 2018, following CREA data showing existing home sales crashed to the lowest since 2013 and price appreciation slowed dramatically. Home sales via Canadian MLS® Systems were down 6.5% in February. This marks the […]
Expert Commentary: How Trump’s Trade War Affects Canadian Oil
Expert Commentary: How Trump’s Trade War Affects Canadian Oil Last week, the first salvo of a global trade war was fired: US tariffs on steel and aluminum. Like the “shot heard round the world,” the American protectionist move has politicians and economists in industrialized nations strategizing with their spreadsheets. From Porsches to prosciutto, every country […]
Spooked by Quakes, Oklahoma Toughens Fracking Rules
Spooked by Quakes, Oklahoma Toughens Fracking Rules Canadian regulators stick with less stringent regulations despite growing risks from mega-fracking. Across North America, fracking-caused earthquakes have led to public concern and protests. Photo by ProgressOhio, Creative Commons licensed. After swarms of earthquakes caused by hydraulic fracturing, Oklahoma has introduced tougher regulations than those used by any […]
U.S. Oil Rig Count Falls As Gas Rig Count Soars
U.S. Oil Rig Count Falls As Gas Rig Count Soars Baker Hughes reported another 3-rig increase to the number of oil and gas rigs this week. The total number of oil and gas rigs now stands at 984, which is an addition of 216 rigs year over year. Despite the overall increase, the number of […]
Generation Screwed to Morneau: stop shoveling government debts on Canada’s kids
Generation Screwed to Morneau: stop shoveling government debts on Canada’s kids Bill Morneau, Canada’s Minister of Finance, told a touching story recently about being alone while his daughters were away at university. A poster about women’s rights that he saw in one of the girls’ rooms as he toured the empty house provided inspiration […]
Bank Of Canada Holds Rates As Expected, Warns Trade “Growing Source Of Uncertainty”
Bank Of Canada Holds Rates As Expected, Warns Trade “Growing Source Of Uncertainty” Amid uncertainty around NAFTA (and Trump tariffs), and slumping economic data, The Bank of Canada was expected to ‘hold’ and endorse the two rate-hikes priced into the curve (notably less hawkish than the growing belief in The Fed’s four-hikes), and that is […]
Canada Covering Up Global Warming Nuts Destroying the Water Supply
Canada Covering Up Global Warming Nuts Destroying the Water Supply COMMENT: When Government turns on its own citizens. Good day, Martin; This climate change movement here in Ontario, Canada has gone too far. Construction of windmills in a small farming area has contaminated 16 residential water wells with that destroyed the pumps and piping that feed […]
Home Prices Sink, Sales Plunge in Toronto
Home Prices Sink, Sales Plunge in Toronto Homeowners who bought a year ago are down C$110,000 on average. Home sales in the Greater Toronto Area, Canada’s largest housing market, plunged 35% in February compared to a year ago, to 5,175 homes. The plunge in volume was spread across all types of homes. Even the previously […]
Foreign Investment into Canada Has Collapsed by 26% in 2017
Foreign Investment into Canada Has Collapsed by 26% in 2017 Foreign direct investment into Canada has absolutely plunged during 2017 to the lowest since 2010. There has been an effort to stop the sale of any property to foreign investors mainly from China. On top of that, there has been also a collapse in capital […]
