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World watching as Canada casts aside austerity and gambles on a fiscal surge
World watching as Canada casts aside austerity and gambles on a fiscal surge A global economic debate plays out in Canada as our government goes from miser to spendthrift Canada’s Prime Minister Justin Trudeau and Finance Minister Bill Morneau are taking Canada into unknown waters, betting that spending will do what austerity has not. (Reuters) […]
New law proposed to shift bank failure risk from taxpayers
New law proposed to shift bank failure risk from taxpayers Ottawa proposes ‘bail-in’ regime to force creditors to prop up failing banks The Liberal government says it will create legislation that shifts some of the risk in a bank failure to creditors. (Canadian Press) Canada will introduce legislation to implement a “bail-in” regime for systemically […]
Solar on the roof taxed as income
Solar on the roof taxed as income But the cost of a solar system can be written off over a period of years The solar panels on Mike Brigham’s roof in Toronto allow him to sell power back to the grid. He says solar provides power when Ontario most needs it — when the sun […]
Canada’s inflation rate cools to 1.4% in February
Canada’s inflation rate cools to 1.4% in February If gasoline prices aren’t factored in, cost of living would have increased by 1.9 per cent Canada’s annual inflation rate fell to 1.4 per cent in February, thanks to lower pump prices. (Seth Perlman/Associated Press) The cost of living in Canada increased at an annual rate of 1.4 […]
Fallout in Alberta: The oil crash isn’t just about lost jobs
Fallout in Alberta: The oil crash isn’t just about lost jobs Disillusionment has a way of setting all sorts of bad thoughts in motion The story assignment from The National was simple. Go to Alberta and talk to regular people about the crash in the price of oil. Humanize the downturn. Harsh economic numbers coming out of […]
Canadians conflicted about 3 Es: Environment, energy and the economy
Canadians conflicted about 3 Es: Environment, energy and the economy EKOS-CBC poll suggests 56% more worried about the economy than the environment Alberta produces the most greenhouse gases of any province in the country, and has for more than a decade. (CBC) Justin and Leanne Mills are in a situation familiar to many Albertans these […]
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. […]
Bank watch lists early warning sign of trouble for oil and gas industry
Bank watch lists early warning sign of trouble for oil and gas industry Royal Bank, CIBC and Scotiabank each added 9 oil and gas firms to watch lists in recent quarterly earnings In releasing their latest quarterly earnings, Royal Bank, CIBC and Scotiabank each added nine oil and gas firms to their loan watch lists, […]
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 […]
B.C. LNG: AltaGas shelves Douglas Channel project near Kitimat
B.C. LNG: AltaGas shelves Douglas Channel project near Kitimat Company says decision due to poor economic conditions and worsening global energy prices. Another LNG project in B.C. has been shelved in response to falling global energy prices. (CBC) In another blow to B.C.’s nascent liquefied natural gas industry, AltaGas Ltd. is shelving the development of its Douglas […]
IEA recommends more government funding for energy sector
IEA recommends more government funding for energy sector New report suggests public support for research is dwindling in Canada Canada should increase funding to the energy sector, according to a new IEA report. (Kyle Bakx/CBC) Canada’s energy industry needs more research and development funding from government, according to a new report by the International Energy […]
Encana to cut workforce another 20% on top of earlier downsizing
Encana to cut workforce another 20% on top of earlier downsizing Calgary-based oil and gas producer reports 4th-quarter losses of $612M Doug Suttles, CEO of Encana Corp., speaks to reporters in Calgary in 2013. The Calgary-based company announced on Wednesday it’s planning a further 20 per cent reduction in its workforce to achieve up to […]
