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Average house price in Canada up 17% in January to $470,297
Average house price in Canada up 17% in January to $470,297 House prices increased by an astounding 17 per cent in January, CREA said. (Patrick T. Fallon/Bloomberg) The average price of a Canadian home sold in January increased by 17 per cent to $470,297 compared to the same month a year ago. Home sales were higher […]
World outside US and Canada doesn’t produce more crude oil than in 2005
World outside US and Canada doesn’t produce more crude oil than in 2005 After a delay of several months the US Energy Information Administration has published the latest international energy statistics for October 2015 This is an opportunity to update crude oil graphs http://crudeoilpeak.info/latest-graphs Fig 1: World’s incremental crude oil production How Fig 1 is created: for […]
An east-west power grid, Canada’s elusive national dream
An east-west power grid, Canada’s elusive national dream Inter-provincial strategy would help environment, but political will could be lacking The price tag for transmission lines can be hefty. The longer the distance, the bigger the sticker shock. (Jacques Boissinot/Canadian Press) Constructing an east-west electricity grid in Canada is far from a novel idea. Politicians and […]
After ISIS Is Defeated, What Next?
After ISIS Is Defeated, What Next? A modest proposal for a new start by Canada the ‘honest broker.’ Could Trudeau ever find common ground between combatants in Syria? Photo by Chris Wattie, Reuters Media Express. Drop, for a moment, the question of whether Prime Minister Justin Trudeau was right to stop the Canadian air war […]
New mortgage rule might ‘temper’ hot markets, but not for long
New mortgage rule might ‘temper’ hot markets, but not for long Starting Feb. 15, mortgage insurers require 10% down payment on portion of mortgages above $500K Vancouver and Toronto saw real estate prices, particularly for detached and semi-detached home, continue to rise last year. Most other markets saw only modest increases, or even decreases in […]
Trudeau & the Saudi Arms Deal
Trudeau & the Saudi Arms Deal Things are definitely heating up around the controversial $15 billion Saudi arms deal that the Canadian government of Stephen Harper arranged in 2014 on behalf of General Dynamics and which the new Justin Trudeau Liberal government refuses to cancel. In recent days, University of Montreal law professor Daniel Turp […]
Canada sells off most of its gold reserves
Canada sells off most of its gold reserves Thousands of gold coins being sold, figures show A one-ounce gold Canadian Maple Leaf coin. The Royal Canadian Mint has produced pure Maple Leaf gold coins in a variety of denominations for more than 40 years. (Ed Betz/Associated Press) (Note: CBC does not endorse and is not […]
Husky layoffs confirmed as Calgary company continues cost-cutting
Husky layoffs confirmed as Calgary company continues cost-cutting Latest round of cuts hits Alberta’s energy industry as oil prices remain low More job cuts were announced for Husky Energy on Tuesday as the company looks to weather the current downturn. (CBC) Calgary-based Husky Energy says layoffs were announced today to ensure the company’s resilience during low oil […]
Jingle mail rears its ugly head in Alberta again
Jingle mail rears its ugly head in Alberta again Federal government worried about Albertans making strategic defaults on their mortgages This tiny hamlet south of Calgary has 27 homes for sale for more than $1 million. (Colin Hall/CBC) One of the big bads from the 1980s is starting to emerge again in Alberta. Jingle mail — the […]
Canada lost 5,700 jobs in January
Canada lost 5,700 jobs in January Alberta had 10,000 fewer jobs, country’s unemployment rate inches up to 7.2% Canada’s jobless rate currently stands at 7.2 per cent after the economy lost 5,700 jobs last month. (LM Otero/Associated Press) The Canadian economy lost 5,700 jobs in January and the unemployment rate inched up to 7.2 per […]
Scientific concern begins over lack of Great Lakes’ ice
Scientific concern begins over lack of Great Lakes’ ice Thursday, February 4, 2016, 2:56 PM – Ice coverage on the Great Lakes is near record-low levels for this time of year, and scientists are concerned about the effect this will have on wildlife species in the months to come. Southern Ontario set some record high temperatures on […]
On Nature’s Death Row: Ontario’s Vanished ‘Carolinian’ Forest
On Nature’s Death Row: Ontario’s Vanished ‘Carolinian’ Forest It used to stretch from Oshawa to Windsor. Now, development encroaches on the last scraps of a once-great woods. Part of a series. The tranquil Blanding’s Turtle faces a vanished ecosystem in Southern Ontario. Turtle photo via Shutterstock. [Editor’s note: In this Tyee Solutions Society series, reporter Chris Wood profiles […]
TransCanada announces major contract for Energy East pipeline
TransCanada announces major contract for Energy East pipeline Project is controversial, with Montreal and nearby mayors opposed on environmental grounds TransCanada’s proposed pipeline project would carry 1.1 million barrels a day from Alberta through Quebec to an export terminal in Saint John. (Canadian Press) (Note: CBC does not endorse and is not responsible for the […]
Vancouver Real Estate Goes Full-Retard; Average Home Price Now $1.8 Million
Vancouver Real Estate Goes Full-Retard; Average Home Price Now $1.8 Million Last week we identified a “bargain” in Canadian real estate. As you might recall, the Canadian economy is in a bit of a tailspin, and that goes double for the country’s dying oil patch. Indeed, we’ve documented Alberta’s painful experience with slumping crude exhaustively, noting that […]
