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5 signs of trouble for Saskatchewan’s economy in oil slump
5 signs of trouble for Saskatchewan’s economy in oil slump Many said province could withstand economic blows from oil and gas, but there are troubling signs When crude oil prices began to plummet, economists comforted Saskatchewan residents that their diversified economy would safeguard them during the oil and gas slump. In fact, Saskatchewan’s economy isn’t […]
Recession Risk Mounting For Canada
Recession Risk Mounting For Canada The latest economic data from Canada shows that it is inching towards recession, after its economy posted its fifth straight month of contraction. Statistics Canada revealed on July 31 that the Canadian economy shrank by 0.2 percent on an annualized basis in May, perhaps pushing the country over the edge into recessionary […]
TransUnion expects spike in debt delinquencies in Alberta, Saskatchewan
TransUnion expects spike in debt delinquencies in Alberta, Saskatchewan Alberta and Saskatchewan will soon see a ‘sharp’ increase in the number of people falling behind on their debts for the rest of this year, credit agency TransUnion says. The debt monitor said in a study released Wednesday that it is expecting the number of consumer credit […]
Beef prices could rise further with cruel Alberta drought
Beef prices could rise further with cruel Alberta drought Herd size expected to shrink as ranchers sell off cattle The price of steaks, roasts and other cuts of beef are expected to increase further because of drought conditions in Alberta, although it may take about a year before consumers feel the full bite on store shelves. Retail […]
Canadian dollar dips below 77 cents with more pain to come
Canadian dollar dips below 77 cents with more pain to come TD Bank predicts 73-cent loonie as effects of low oil linger The Canadian dollar is nearing its low for the year Friday, after news that the economy contracted for a fifth straight month in May. The loonie closed at 76.45 US cents, down half a cent from […]
As Site C Breaks Ground, Linked Union Declares Opposition
As Site C Breaks Ground, Linked Union Declares Opposition BCGEU cites First Nation infringement and loss of habitat in motion against controversial dam. The union representing many British Columbia government workers has taken a position against building the Site C dam, a project some of its members are working on and that other unions support. […]
Unifor Report Slams Harper’s Economic Performance
Unifor Report Slams Harper’s Economic Performance 2008 downturn no excuse for harmful policy, says union economist. A new report from Canada’s largest private sector union says Stephen Harper and his Conservatives are running the most poorly performing economy the country has seen since the end of the Second World War. Unifor economists Jim Stanford and […]
Don’t Call it a Recession!
Don’t Call it a Recession! “But pretty soon the word “recession” also became too harsh for the delicate sensibilities of the American public. It now seems that we had our last recession in 1957–58. For since then, we have only had “downturns,” or, even better, “slowdowns,” or “sidewise movements.” So be of good cheer; from […]
Home Capital scandal may presage a slowdown: Don Pittis
Home Capital scandal may presage a slowdown: Don Pittis Is false income data a symptom of an industry that has run its course? Could the scandal at Home Capital just be the beginning? The Canadian alternative mortgage company halted its shares after it was revealed that some of its brokers had been falsifying information on the income of […]
Liar Loans Pop up in Canada’s Magnificent Housing Bubble
Liar Loans Pop up in Canada’s Magnificent Housing Bubble For a long time, the conservative mortgage lending standards in Canada, including a slew of new ones since 2008, have been touted as one of the reasons why Canada’s magnificent housing bubble, when it implodes, will not take down the financial system, unlike the US housing […]
Five Questions for Media Rights Defender Taking C-51 to Court
Five Questions for Media Rights Defender Taking C-51 to Court Tom Henheffer and allies raised $25,000 to support their Charter challenge. So, what’s next? On June 18, Bill C-51 received royal assent, making the widely criticized and controversial Anti-Terrorism Act a law. Last week, the Canadian Civil Liberties Association and Canadian Journalists for Free Expression […]
What U.S. Fed chair Janet Yellen doesn’t know: Don Pittis
What U.S. Fed chair Janet Yellen doesn’t know: Don Pittis Continued risks to a U.S. and Canadian economic recovery keep us guessing about interest rates If everyone is so confident interest rates are going to go up in the autumn, why doesn’t U.S. Federal Reserve chair Janet Yellen just say they are going to go up in […]
Who’s afraid of $50 oil? (Answer: Canada’s oil industry)
Who’s afraid of $50 oil? (Answer: Canada’s oil industry) Oil below $50 a barrel could spur another leg down for Canada’s oil industry It may be high summer on the calendar, but Canada’s energy companies are already looking towards the coming winter. What they see is looking worse now than it was even a month […]
Trans-Pacific Partnership trade talks peak as Canada eyes election timing
Trans-Pacific Partnership trade talks peak as Canada eyes election timing ‘It’s hard to put out a press release during an election, let alone a 21st century trade agreement’ Pity Ed Fast’s campaign manager in Abbotsford, B.C. While most MPs running for re-election are focused on campaigning, Stephen Harper’s trade minister is in Maui, Hawaii, this […]
