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Interest rate cuts a two-edged sword for Bank of Canada: Don Pittis
Interest rate cuts a two-edged sword for Bank of Canada: Don Pittis Another decrease could spur exports but would announce serious pessimism Conjure up an image of Bank of Canada governor Stephen Poloz in Hamlet pantaloons, hand to brow, declaiming to the middle distance: “To cut or not to cut?” A confusion of contradictory economic […]
Mede-Jean, Not Medellin
Mede-Jean, Not Medellin Driving the back streets of Medellin a few weeks ago I found it interesting to see the various little pockets to the city. In the poor parts of town I noticed on a couple of occasions taxi drives running their vehicles on empty. I’ve seen this before in countries where there is […]
Harper’s Worst Offense against Refugees May Be His Climate Record
Harper’s Worst Offense against Refugees May Be His Climate Record Scorching effects of rising temperatures add to chaos in the Middle East, scientists say. Prime Minister Stephen Harper is right about the Syrian refugee crisis, for all the wrong reasons. His government is being battered by outrage over Canada’s wretched response to this humanitarian emergency. […]
Alberta’s Oil Companies Warn Government On Taxes
Alberta’s Oil Companies Warn Government On Taxes Big oil is taking no chances with the outcome of Alberta’s royalty review currently underway. In 2007, the industry was surprised when royalties were jacked up despite dozens of corporate presentations to the royalty review panel warning of the fragility of investment economics and the damage increased royalties […]
Canada Clears Way for Ecuadorean Case Against Chevron Over ‘Amazon Chernobyl’
Canada Clears Way for Ecuadorean Case Against Chevron Over ‘Amazon Chernobyl’ A protestor shows his black painted hand as he carries an Ecuador flag to protest against Chevron and the oil contamination in Ecuador’s Amazon region during a joined global demonstration in Madrid, Spain, in 2013.. (Andres Kudacki / AP) Canada’s Supreme Court ruled Friday that […]
After Summer of Drone Dramas, BC Calls for Crackdown
After Summer of Drone Dramas, BC Calls for Crackdown Province tells feds all UAVs should be registered and pilots certified. The British Columbia government wants all drones to be registered and pilots certified, according to a submission to a federal panel looking at the expanding technology. Whether it’s reports of near-misses with airplanes or spying […]
Are Gas Shortages Coming to America?
Are Gas Shortages Coming to America? Gas shortages could be coming to America…and quickly. An unexpected fuel crisis has hit Canada. According to a Canadian blogger andauthor, not one, but two, fuel tankers were inexplicably delayed last week, and shortages ensued alarmingly quickly, with numerous gas stations running completely out of fuel within a matter […]
What’s Coming Unglued Now in Canada?
What’s Coming Unglued Now in Canada? Canada lumbered through the first half of 2015 in a “technical recession,” Statistics Canada confirmed this week, as GDP shrank in both quarters. Among the culprits: the swooning energy sector and an investment slump. Now everybody is lining up behind the hope that a sudden acceleration will put the […]
For the Love of Water: El Salvador’s Mining Ban
For the Love of Water: El Salvador’s Mining Ban For some time now, U.S. and Canadian mining companies have been seeking out new mining sites in Latin America and elsewhere in the developing world. This is partly because high-grade ores that are easily accessible in the U.S. and Canada are in the process of being […]
Three Worrying Economic Trends Beyond Canada’s GDP Drop
Three Worrying Economic Trends Beyond Canada’s GDP Drop New data confirms what 79 per cent of Canadians already felt. The much anticipated quarterly GDP numbers are out, and StatsCan confirmed what 79 per cent of Canadians already felt to be the case — Canada’s economy is in decline. A drop in economic activity of 0.1 per cent in the second […]
Friday job numbers may tell tales GDP missed: Don Pittis
Friday job numbers may tell tales GDP missed: Don Pittis Stats could show if slump is over and whether there is a rebound outside the oil industry Opponents in the battle over whether the Canadian economy is collapsing or clawing its way back to recovery will get more ammunition on Friday. That’s when we learn the latest figures on job […]
It’s a Recession: Now, Who’s Hurting and Where?
It’s a Recession: Now, Who’s Hurting and Where? We asked economists from coast to coast to see how Canada is weathering the storm. Canada earned official recession status yesterday, a fact that pundits and politicians on the campaign trail wasted no time trying to spin. According to the latest Statistics Canada data, the country’s gross […]
Recession confirmed as Canada’s GDP shrank in 2nd quarter
Recession confirmed as Canada’s GDP shrank in 2nd quarter Canada’s economy expanded in June but declined by 0.1 per cent for the second quarter as a whole, meeting the bar of what is legally defined as a recession. The economy expanded by 0.5 per cent in June, Statistics Canada said. But that slight monthly uptick wasn’t enough […]
GDP figures from Statistics Canada expected to show second-quarter contraction
GDP figures from Statistics Canada expected to show second-quarter contraction Lower loonie expected to boost economy in third quarter Economists say data out this week is likely to show that Canada slipped into a technical recession in the second quarter, but the contraction should be short-lived. “A number of positive elements are coming through,” said TD […]
