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Tag Archives: canada
Harper Is Right: This Election Is about Security Versus Risk
Harper Is Right: This Election Is about Security Versus Risk It’s our nation’s ruthless economic insecurity that Canadians must weigh. Stephen Harper chose the Calgary Stampede (now Rachel Notley country) to launch the theme of the now full-blown election campaign. Harper proclaimed he was confident that “this October Canadians will choose security over risk.” Let’s hope so. […]
Plunging loonie means inflation in store: Don Pittis
Plunging loonie means inflation in store: Don Pittis Falling Canadian dollar means there are bargains to be had, but not for long Taking a shortcut through an underground mall yesterday, I saw a couple who looked like Pan Am visitors ogling the low price of jewelry outside a little downtown Toronto shop. Normally, we think of U.S. prices being cheaper […]
Agriculture Issues Just the Tip of the TPP Iceberg
Agriculture Issues Just the Tip of the TPP Iceberg Trade deal could slam Canadians with rising consumer, health care and education costs The Trans Pacific Partnership (TPP), a proposed trade agreement that encompasses nearly 40 per cent of world GDP, heads to Hawaii later this month for ministerial-level negotiations. According to media reports, this may […]
Nine LNG Questions for British Columbians to Ask Their Politicians
Nine LNG Questions for British Columbians to Ask Their Politicians Pressing queries in light of high-stakes Petronas agreement just passed. The British Columbia legislature has just ratified a long-term agreement to lower royalties and taxes for a $38-billion liquefied natural gas project proposed by Malaysia’s state-owned oil company, Petronas. Pacific Northwest LNG, a consortium that […]
Fracking Industry Has Changed Earthquake Patterns in Northeast BC
Fracking Industry Has Changed Earthquake Patterns in Northeast BC Impact on groundwater and migrating gases mostly unknown, critics say. A special report. New research and presentations by both provincial and federal scientists show that the shale gas industry, which the B.C. government hopes will eventually supply proposed liquefied natural gas terminals with fracked gas, has caused […]
B.C. wildfire forces evacuation near Shelter Cove area of West Kelowna
B.C. wildfire forces evacuation near Shelter Cove area of West Kelowna Darkness preventing helicopter or air tanker support from effectively assisting firefighters Fire crews and officials scrambled to keep residents safe from a quickly spreading blaze near Westside Road in West Kelowna, B.C., which has so far destroyed at least one home. The wildfire was sparked by lightning on Sunday […]
Microplastics at ‘alarming levels’ in Canadian lakes and rivers
Microplastics at ‘alarming levels’ in Canadian lakes and rivers Microbeads just tip of plastic iceberg floating in Canadian waters Tiny plastic pellets called microbeads have gotten a lot of attention as a major water pollutant, but less-discussed microplastics are equally concerning, according to new research being done in Canada. “In recent years, they’ve been detected […]
Calgary Office Market Gets Crushed. Oil, China Blamed
Calgary Office Market Gets Crushed. Oil, China Blamed The office vacancy rate in downtown Calgary, the epicenter of the Canadian oil bust, could hit the vertigo-inducing level of 17.5% by the end of 2018, a new report by commercial real-estate firm Colliers International warned – and added some ominous clouds: “Given the current global macro […]
Nexen’s Brand New, Double-Layered Pipeline Just Ruptured, Causing One of the Biggest Oil Spills Ever in Alberta
Nexen’s Brand New, Double-Layered Pipeline Just Ruptured, Causing One of the Biggest Oil Spills Ever in Alberta A pipeline at Nexen Energy’s Long Lake oilsands facility southeast of Fort McMurray, Alberta, spilled about five million liters (32,000 barrels or some 1.32 million gallons) of emulsion, a mixture of bitumen, sand and water, Wednesday afternoon — […]
Canadian dollar dips below 77 cents for first time since 2009
Canadian dollar dips below 77 cents for first time since 2009 As strong U.S. dollar helps push loonie to 6-year low, analyst sees possible drop to 73 cents The Canadian dollar fell below 77 cents against the U.S. dollar on July 17, 2015. (Mark Blinch/Reuters) The Canadian dollar dropped to below 77 cents against the U.S. […]
Stephen Poloz’s Zen Moment
Stephen Poloz’s Zen Moment To cut or not to cut, that is the question. And fortunately for Bank of Canada Governor Stephen Poloz, it was a pretty easy question. A lagging US recovery, China’s downturn, lower oil prices and “bad weather” all contributed to this interest rate cut. “I wouldn’t describe it as a close […]
Bank of Canada Decides More Bubble-Blowing is Needed
Bank of Canada Decides More Bubble-Blowing is Needed You Can’t Keep the Printing Press Idle for too Long … We have recently portrayed Canada’s new central bank governor Stephen Poloz, to whom we have alternately referred to as a comedian and a delusional bubble blower. This may perhaps strike some readers as uncharitable; then again, central […]
Premiers conference could see clash over pipelines and emissions
Premiers conference could see clash over pipelines and emissions Saskatchewan Premier Brad Wall signals growing frustration with Ontario, Quebec Canada’s longest serving premier isn’t happy. Not one bit. And Brad Wall is letting some of his colleagues know it before he arrives in St. John’s for the annual meeting of the country’s provincial and territorial […]
Bank of Canada Sees Global Economy, Freaks Out, Cuts Rate, Warns of Financial Stability Risks, Loonie Plunges
Bank of Canada Sees Global Economy, Freaks Out, Cuts Rate, Warns of Financial Stability Risks, Loonie Plunges The Bank of Canada took a good look at the Canadian economy, saw it was sinking into the mire, glanced at the collapsed prices of commodities, particularly oil, saw how they were wreaking havoc in Canada, and then […]
USDCAD Surges To 6 Year Highs As Bank Of Canada Slashes GDP Forecasts, Unexpectedly Cuts Rates
USDCAD Surges To 6 Year Highs As Bank Of Canada Slashes GDP Forecasts, Unexpectedly Cuts Rates In what seems to have surprised FX trader, Bank of Canada has taken an ax to growth forecasts and rates… *BOC CUTS CANADA 2015 GDP FORECAST TO 1.1% FROM 1.9% *BANK OF CANADA CUTS 2Q GDP ESTIMATE TO -0.5% […]
