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Rising oil production will push Alberta economy to fastest growth in country in 2017: Conference Board
Rising oil production will push Alberta economy to fastest growth in country in 2017: Conference Board Solid increases in oil production, Fort McMurray rebuild will be the difference in Alberta this year The Conference Board of Canada forecasts Alberta will see a 2.8 per cent growth in real GDP in 2017. (Larry MacDougal/Canadian Press) After […]
Conference Board sees modest economic growth in 2017
Conference Board sees modest economic growth in 2017 Alberta expected to lead all provinces in economic growth this year Retail sales activity is expected to cool this year and next, the Conference Board of Canada says. (Chris Wattie/Reuters) The national economy should see a slight pick-up this year, the Conference Board of Canada said in […]
Australia Central Bank Warns “High Debt Levels Are Affecting Household Spending”
Australia Central Bank Warns “High Debt Levels Are Affecting Household Spending” For those wondering why despite global markets trading at all time highs, consumer spending has yet to show a substantial pick up, Reserve Bank of Australia governor Philip Lowe has some ideas. Speaking at the Asutralia-Canada Economic Leadership Forum, in which he provided various comaprisons […]
Norway Doubles Down On Arctic Oil
Norway Doubles Down On Arctic Oil While Canada and the U.S. ban Arctic drilling for oil and gas motivated by environmental concerns, and majors such as Shell pull out of their Arctic projects due to financial pressures, Norwegian energy companies are planning to increase drilling in the country’s Arctic shelf in the Barents Sea. It […]
There Are 66,719 Empty Mansions In Vancouver
There Are 66,719 Empty Mansions In Vancouver One year ago, when we first started discussing the Vancouver housing bubble, which as we first speculated – and was later confirmed – was the result of Chinese oligarch money-launderers parking “hot cash” in this offshore housing market (at least until a 15% property tax on foreign purchases made Seattle the […]
38% of Canadians dip into RRSPs early, BMO survey suggests
38% of Canadians dip into RRSPs early, BMO survey suggests Percentage of respondents withdrawing savings rose from 34% last year, poll indicates Almost four out of every 10 Canadians withdraw money from an RRSP before they hit 71, a new poll from BMO suggests. (Shutterstock) Almost four out of every 10 Canadians polled in a […]
Questions Remain As Shifting Narrative, Conflicting Testimony Indicates Cover Up in Quebec Terror Incident
Questions Remain As Shifting Narrative, Conflicting Testimony Indicates Cover Up in Quebec Terror Incident Witness statements and reports which conflict with the Canadian government’s account of what occurred during the tragic January 29th, 2017 Quebec terror attack at the Islamic Cultural Centre of Quebec City raise questions about what actually happened the night of the […]
Trudeau challenged over carbon pricing on 2nd day of town hall tour
Trudeau challenged over carbon pricing on 2nd day of town hall tour Prime minister hears frustration from rural resident over high hydro costs in Ontario Prime Minister Justin Trudeau gestures during a town hall meeting in Peterborough, Ont. Friday. Trudeau faced an emotional question about carbon pricing – and sparked some controversy with a comment […]
Canada’s Goods Producing Sector Caves
Canada’s Goods Producing Sector Caves Exports get blamed, despite the crushed loonie. Many countries, including the US, report GDP on a quarterly basis. Canada reports on a monthly basis. So today Statistics Canada reported GDP for October. What’s disconcerting isn’t so much that GDP fell 0.3% on a monthly basis – these things happen – though it […]
Trudeau Approves Kinder Morgan Trans Mountain Pipeline As Part of Canada’s ‘Climate Plan’
Trudeau Approves Kinder Morgan Trans Mountain Pipeline As Part of Canada’s ‘Climate Plan’ Justin Trudeau announced the approval of the Kinder Morgan Trans Mountain pipeline Tuesday, saying the project is integral to meeting Canada’s climate commitments. “Today’s decision is an integral part of our plan to uphold the Paris Agreement to reduce emissions while creating jobs and […]
Donald Trump’s win ‘bad news for the auto industry,’ says David Dodge
Donald Trump’s win ‘bad news for the auto industry,’ says David Dodge Former Bank of Canada governor predicts factories could move south of the border A Chevrolet Cruze is assembled at General Motors’ Lordstown Assembly Plant in Ohio. Donald Trump’s goal of putting America first in trade agreements could be a problem for Ontario’s auto […]
Tiny Region of Wallonia in Small Country of Belgium Trips up Global Corporatocracy
Tiny Region of Wallonia in Small Country of Belgium Trips up Global Corporatocracy “Thinly veiled threats” from corporations. Visibly shaken, as Reuters put it, Canadian trade minister Chrystia Freeland walked out of EU trade negotiations in Belgium on Friday evening, lamenting that the EU is “incapable of reaching an agreement – even with a country with European values […]
Pipeline Memo Guiding Trudeau Gov’t ‘Riddled with Mistakes’
Pipeline Memo Guiding Trudeau Gov’t ‘Riddled with Mistakes’ Economist Allan tells Natural Resources it was ‘dangerously misled’ four ways. Misinformed: Minister of Natural Resources Jim Carr is working from a pro-pipeline memo useless due to errors, concludes an economist who studied it closely. A Natural Resources memo extolling the economic benefits of more bitumen pipelines for Canada […]
David Suzuki: We Can’t Dig Our Way Out of the Fossil Fuels Hole
David Suzuki: We Can’t Dig Our Way Out of the Fossil Fuels Hole I’ve often thought politicians inhabit a parallel universe. Maybe it’s just widespread cognitive dissonance, coupled with a lack of imagination, that compels them to engage in so much contradictory behaviour. Trying to appease so many varying interests isn’t easy. Rather than focusing on […]
There’s No Plateau in a Housing Bubble, Not Even in Canada
There’s No Plateau in a Housing Bubble, Not Even in Canada Vancouver in turmoil, Toronto spikes. Canadian house prices jumped 11.7% in September from a year ago, according to The Teranet–National Bank National Composite House Price Index released today. But the index papers beautifully over the dynamics in each metro. In six of the 11 […]
