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Canada’s “Other” Problem: Record High Household Debt
Canada’s “Other” Problem: Record High Household Debt Earlier today, the Bank of Canada surprised some market participants by failing to cut rates. True, the loonie was plunging and another rate cut might very well have accelerated the decline, further eroding the purchasing power of Canadians who are already struggling to keep up with the inexorable rise […]
Seven Ways TPP Favours Mega-rich Foreign Investors, Not Canadians
Seven Ways TPP Favours Mega-rich Foreign Investors, Not Canadians And why there’s still time for Trudeau to reject it. The Trudeau government still has options to push for renegotiation or to decline either to sign or to ratify the TPP on Canada’s behalf. Protest photo by arindambanerjee via Shutterstock. The Harper government agreed to the text of the […]
Thanks to TPP, Canada Could Get Caught in Global Privacy Battle
Thanks to TPP, Canada Could Get Caught in Global Privacy Battle Trade deal coupled with EU court decision could spell trouble for our laws. Two unconnected developments — a recent European privacy decision and the TPP — could create a major Canadian privacy problem. Privacy photo via Shutterstock. Amazon’s announcement last week that it plans to establish […]
Canada Rebels against the Destruction of the Loonie
Canada Rebels against the Destruction of the Loonie The fear of “currency instability.” “Without precedent” — that’s what National Bank of Canada’s chief economist Stéfane Marion called the wholesale destruction of the loonie. The Canadian dollar is in a tailspin. Rarely has it tumbled so far so fast, and against so many currencies. The steepness of […]
Seven Ways TPP Favours Mega-rich Foreign Investors, Not Canadians
Seven Ways TPP Favours Mega-rich Foreign Investors, Not Canadians And why there’s still time for Trudeau to reject it. The Trudeau government still has options to push for renegotiation or to decline either to sign or to ratify the TPP on Canada’s behalf. Protest photo by arindambanerjee via Shutterstock. The Harper government agreed to the text of the […]
Come Listen to the Man Fracking Powers Tried to Silence
Come Listen to the Man Fracking Powers Tried to Silence Why you should spend Thursday, Jan. 28, with Andrew Nikiforuk. A special Tyee event. On Jan. 28, Andrew Nikiforuk has some knowledge to share. On Jan. 28, in Vancouver, you have the opportunity to spend an evening with Andrew Nikiforuk, one the finest journalists, one of the […]
World’s Climate Threatened by Greed and Militarism, Official Canada Remains Part of the Problem, Not Solution
World’s Climate Threatened by Greed and Militarism, Official Canada Remains Part of the Problem, Not Solution A leading columnist in Canada’s Globe and Mail daily newspaper known in the past to voice concern about the global warming emergency has penned two columns recently in support of Alberta tar sands pipelines, including praising the efforts of the premier […]
Average Canadian house price up another 12% to $454,342
Average Canadian house price up another 12% to $454,342 But if B.C. and Ontario are stripped out, average house price declined by 2.2% last year Hot markets in Toronto and Vancouver are skewing the national average price of a Canadian home higher, CREA says. (Daniel Acker/Bloomberg) The average price of a Canadian home increased by […]
Canadians Are Panicking Over Food Costs After Currency Collapse
Canadians Are Panicking Over Food Costs After Currency Collapse It’s no secret that America has a serious inflation problem. Though the Federal Reserve insists that our inflation rate is only at around .5%, we’ve all seen the price of food, rent, healthcare, and energy skyrocket over the past 10-20 years. However, this has been a […]
Alberta Freezes Government Salaries As Canada’s Oil Patch Enters Second Year Of Recession
Alberta Freezes Government Salaries As Canada’s Oil Patch Enters Second Year Of Recession On Wednesday, we documented the astonishing prices beleaguered Canadians are now forced to pay for groceries thanks to the plunging loonie. Oil’s inexorable decline has the Canadian dollar in a veritable tailspin and because Canada imports the vast majority of its fresh food, prices […]
Canadians Panic As Food Prices Soar On Collapsing Currency
Canadians Panic As Food Prices Soar On Collapsing Currency It was just yesterday when we documented the continuing slide in the loonie, which is suffering mightily in the face of oil’s inexorable decline. As regular readers are no doubt acutely aware, Canada is struggling through a dramatic economic adjustment, especially in Alberta, the heart of the country’s oil patch. […]
In Supreme Court, a Battle Over Fracking and Citizens’ Rights
In Supreme Court, a Battle Over Fracking and Citizens’ Rights Jessica Ernst’s long fight to challenge legislation putting energy regulator above the law reaches top court. Jessica Ernst on her land in Alberta. Photo: Colin Smith. After years of legal wrangling, Jessica Ernst and Alberta’s powerful energy regulator finally squared off in the Supreme Court […]
Condo sales with no cash down payment proposed by B.C. developer
Condo sales with no cash down payment proposed by B.C. developer Buyers would get a discount, which would become a virtual down payment Townline wants to sell condos in The Strand development in Port Moody, B.C., to buyers who don’t have the cash for a down payment. (Townline) A B.C. developer wants to sell condos […]
Canadian Stocks in Bear Market, Loonie Swoons, Crude Crashes to $16, Consumer & Business Confidence Dives…
Canadian Stocks in Bear Market, Loonie Swoons, Crude Crashes to $16, Consumer & Business Confidence Dives… “Investment and hiring intentions lowest since 2009”: Bank of Canada Since Christmas Eve, the Toronto Stock Exchange index has dropped every single day, 10 trading days in a row, including so far today as I’m writing this, the longest […]
