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Canada Sold All Its Gold Reserves – Who Will be Next?
Canada Sold All Its Gold Reserves – Who Will be Next? Question: Hello Martin, I saw a couple of days ago that Canada seems to have sold all its gold. http://www.fin.gc.ca/n16/16-030-eng.asp Is it just a way to find short-term easy money? Or is it part of a global process to sell any tangible asset that the […]
Economics in one cheque
Economics in one cheque On December 1, 2005, Bill 43 “Alberta Resource Rebate Statutes Amendment Act” received Royal Assent in the Alberta Legislature enabling a one-time rebate to be paid to nearly all Albertans residents in Alberta on September 1, 2005 who had filed a 2004 tax return. The refunds were a product of a […]
Canada’s debt-to-income ratio sets new record high at 165%
Canada’s debt-to-income ratio sets new record high at 165% Canadians now owe $1.65 for every dollar of income they have at their disposal. (Joe Raedle/Getty Images) The ratio of household debt to disposable income hit a new record in the fourth quarter of last year. Statistics Canada says the ratio rose to 165.4 per cent […]
Albertans have highest debt load in Canada, Equifax says
Albertans have highest debt load in Canada, Equifax says Consumer debt delinquencies jump 25% in province, 17% in Calgary Consumer debt in Alberta has jumped 17 per cent. (Joe Raedle/Getty Images) Albertans have the highest average debt load in the country at more than $27,000, says Equifax Canada. A study released this morning says consumer debt delinquencies in the […]
Basic income: New life for an old idea
Basic income: New life for an old idea A combination of economic uncertainty and political possibility is giving new life to an old policy idea A basic income policy could replace existing welfare programs by providing citizens with a guaranteed monthly paycheque. (Chris Wattie/Reuters) In Ottawa, a federal MP is pushing for government research on the subject. […]
Energy Wars of Attrition: The Irony of Oil Abundance
Energy Wars of Attrition: The Irony of Oil Abundance Three and a half years ago, the International Energy Agency (IEA) triggered headlines around the world by predicting that the United States would overtake Saudi Arabia to become the world’s leading oil producer by 2020 and, together with Canada, would become a net exporter of oil around 2030. Overnight, […]
“They Spent It All On Hookers, Blow And Fancy Toys” – Hedge Fund Manager Predicts Lower Oil For Longer, Quantitative Easing For The People, And A Gold Bull Market
“They Spent It All On Hookers, Blow And Fancy Toys” – Hedge Fund Manager Predicts Lower Oil For Longer, Quantitative Easing For The People, And A Gold Bull Market In 2011, as gold prices rocketed to $1900 and oil was trading above $120 a barrel, there were few analysts who saw anything but further gains. […]
How to Grow a Local Job-Rich Economy
How to Grow a Local Job-Rich Economy At a time when huge debates are raging over all the subsidies required by the 1 per cent of the business elite, Michael Shuman is working to shift public attention to the other, ultimately more positive, side of the picture – the sheer neglect of the 50 per cent […]
It’s Official: Canada Has Sold All Of Its Gold Reserves
It’s Official: Canada Has Sold All Of Its Gold Reserves One month ago, when looking at the latest Canadian official international reserves, we noticed something strange: Canada had sold nearly half of its gold reserves in one month. According to the February data, total Canadian gold reserves stood at 1.7 tonnes. That was just 0.1 per […]
Canadian Oil Slammed By Low Prices, Pipeline Woes
Canadian Oil Slammed By Low Prices, Pipeline Woes Canada has been particularly hit hard during the downturn in oil prices. A major oil-producing country, Canada rode the commodity wave upwards over the past decade, but has suffered from the downturn. The economy briefly dipped into a recession in 2015. Even after growth resumed, Canada’s GDP slowed the […]
Will Cap-And-Trade Slow Climate Change?
Will Cap-And-Trade Slow Climate Change? The principle that polluters should pay for the waste they create has led many experts to urge governments to put a price on carbon emissions. One method is the sometimes controversial cap-and-trade. Quebec, California and the European Union have already adopted cap-and-trade, and Ontario will join Quebec and California’s system in January […]
As Hydro Rates Climb, an Idea to Reduce Bills for Low-income Folks
As Hydro Rates Climb, an Idea to Reduce Bills for Low-income Folks Advocates pitch affordability program, but minister insists rates are modest. ‘Most other jurisdictions in North America have bill affordability programs. We don’t.’ Bill photo via Shutterstock. With electricity rates continuing to spiral upwards, an advocacy organization is pushing to have BC Hydro adopt measures to […]
Liberal fiscal plans less transparent than under Harper, Kevin Page says
Liberal fiscal plans less transparent than under Harper, Kevin Page says Kevin Page, Canada’s former parliamentary budget officer, says the Liberal government is even less transparent on fiscal matters than their Conservative predecessors. (Sean Kilpatrick/Canadian Press) Listen 9:40 Canada’s former parliamentary budget officer says the Liberal government is even less transparent on fiscal matters than the Conservative […]
European Ban on Saudi Arms Sales Bolsters Foes of Canadian Deal
European Ban on Saudi Arms Sales Bolsters Foes of Canadian Deal Move puts pressure on government to justify $15-billion contract, says Amnesty. The Saudi National Guard tweeted this photo of armoured vehicles moving to the Yemeni border in November 2015. An anonymous source told the Globe and Mail they were made in Canada. A move […]
