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Can You Trust US Economic Data? Eight “Out Of The Box” Investment Insights – Peter Diekmeyer
Can You Trust US Economic Data? Eight “Out Of The Box” Investment Insights – Peter Diekmeyer This morning, Canada released GDP data which showed the economy shrank by 1.6% on an annualized quarter-over-quarter basis during Q2. While economists forecast a 1.5% drop, those “projections” were made after the quarter was already over. Six months […]
Fear Spreads of a Housing Crash in Canada
Fear Spreads of a Housing Crash in Canada More Canadians sour on their Magnificent Housing Bubble. Canadians have been gung-ho about their magnificent housing bubble, feeding it with an endless willingness to pay every higher prices, even as regulators and international institutions issued warnings, as short sellers began circling, as subprime liar-loan scandals made their reappearance, and […]
Canadian Economy ‘Double-Dip’ Crashes In Q2 – Worst GDP Growth In 7 Years
Canadian Economy ‘Double-Dip’ Crashes In Q2 – Worst GDP Growth In 7 Years The first half of 2015 saw Canada informally enter ‘recession’ with two quarters of negative GDP but then, everything bounced back and policy shifts were ‘proven’ effective. However, that dead-canadian-cat-bounce is over as Q2 2016 GDP growth just slumped 1.6% – double-dipping to […]
Long-term oil spill causes fishery collapse in Newfoundland
Long-term oil spill causes fishery collapse in Newfoundland File photo courtesy: Pixabay Monday, August 15, 2016, 4:51 PM – An oil spill that has been seeping into Port au Port Bay near Shoal Port for three years has caused a once-abundant scallop fishery to “collapse”, the Canadian Press (CP) reports. The continuous spill, which sometimes […]
Desperately Trying to Salvage Canada-EU Trade Pact after Brexit, EU Escalates Assault on Democracy
Desperately Trying to Salvage Canada-EU Trade Pact after Brexit, EU Escalates Assault on Democracy The European Commission, it seems, will never learn. Despite the existential crisis caused by Britain’s decision to leave the EU and the serious questions being raised about the EU’s gaping lack of democratic legitimacy, the European Commission just escalated its assault […]
Ottawa sets up working group to monitor housing market
Ottawa sets up working group to monitor housing market Finance Minister Bill Morneau says he will work with cities and provinces to get more and better data Policymakers are looking at all the tools at their disposal to take care of the housing market. (David Donnelly/CBC) The federal government plans to work with British Columbia […]
‘No Need for Site C’: Review Panel Chair Speaks Out Against Dam in New Video
‘No Need for Site C’: Review Panel Chair Speaks Out Against Dam in New Video A new video released today by DeSmog Canada features an exclusive video interview with Harry Swain, chair of the federal-provincial panel tasked with reviewing the controversial Site C dam. “I think we’re making a big mistake, a very expensive one,” Swain says in […]
How Canada got into bed with tax havens
How Canada got into bed with tax havens 1980 treaty with tiny Barbados paved way for billions to legally flow offshore Canadian companies have flocked to Barbados with their cash for decades in order to legally avoid paying Canadian taxes. (The Associated Press) On a cold December afternoon in 1980, with MPs’ voices echoing in […]
Summer gas prices forecast to remain stable
Summer gas prices forecast to remain stable Western Canada facing gas shortages, oil supply cut from wildfires Canadian motorists shouldn’t expect increases at the pumps as summer gas prices are expected to remain stable. (Canadian Press) Mark Gollom is a Toronto-based reporter with CBC News. He covers a wide range of topics, including Canadian and […]
Wildfire Nears Canada’s Major Oil Sands Plants
Wildfire Nears Canada’s Major Oil Sands Plants A massive wildfire raging through the northern part of Alberta has swelled in size and surged north of Fort McMurray, destroying an evacuated oil sands camp on Tuesday and it is projected to encroach on major facilities shortly. The flames consumed a 665-room oil-sands work camp north of […]
Major BC Liberal Donor Named in Panama Papers
Major BC Liberal Donor Named in Panama Papers Haywood Securities listed as a shareholder in firms registered in British Virgin Islands. Finance Minister Michael de Jong said he had ‘no knowledge’ of a BC Liberal donor being named in the Panama Papers. Photo: BC Gov’t Flickr. The name of a major donor to the British […]
Canadian housing market hits $508,097 average price in April as sales rise to record
Canadian housing market hits $508,097 average price in April as sales rise to record Average Canadian house price up 13% in April, but wide regional variances remain Canada’s housing market hit new all-time records both for the average price and the number of homes sold in April. (Associated Press) Canada’s housing market continues to set […]
We are all Albertans now
We are all Albertans now It would be easy–too easy–to point to the wildfires which have devastated huge areas of northern Alberta near Fort McMurray, the hub of tar sands mining in Canada, and say that Albertans are reaping what they have sown. Yes, it’s true that climate change is coming to one of the very […]
Response to Tax Dodging by Rich Will Show Trudeau’s True Colours
Response to Tax Dodging by Rich Will Show Trudeau’s True Colours CRA ties to industry, special deals demand Liberal action. Cartoon by Greg Perry. Note to Prime Minister Justin Trudeau: We will not be distracted forever by your explanation of quantum computers and yoga poses. Or even by the admittedly impressive list of low-hanging fruit […]
