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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 […]
Economics in one cheque
Economics in one cheque On December 1, 2005, Bill 43 “Alberta Resource Rebate Statutes Amendment Act” received Royal Assent in the Alberta Legislature enabling a one-time rebate to be paid to nearly all Albertans residents in Alberta on September 1, 2005 who had filed a 2004 tax return. The refunds were a product of a […]
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 […]
“They Spent It All On Hookers, Blow And Fancy Toys” – Hedge Fund Manager Predicts Lower Oil For Longer, Quantitative Easing For The People, And A Gold Bull Market
“They Spent It All On Hookers, Blow And Fancy Toys” – Hedge Fund Manager Predicts Lower Oil For Longer, Quantitative Easing For The People, And A Gold Bull Market In 2011, as gold prices rocketed to $1900 and oil was trading above $120 a barrel, there were few analysts who saw anything but further gains. […]
Auto loan delinquency spikes in Alberta, Saskatchewan
Auto loan delinquency spikes in Alberta, Saskatchewan Credit agency TransUnion points to non-mortgage debt defaults in oil-producing provinces Pickup truck sales have grown rapidly in the past five years, but with job losses in Alberta and Saskatchewan, the debt from auto loans is hanging over some consumers. There has been enormous sales growth of pickup trucks […]
Jingle mail rears its ugly head in Alberta again
Jingle mail rears its ugly head in Alberta again Federal government worried about Albertans making strategic defaults on their mortgages This tiny hamlet south of Calgary has 27 homes for sale for more than $1 million. (Colin Hall/CBC) One of the big bads from the 1980s is starting to emerge again in Alberta. Jingle mail — the […]
Once Unstoppable, Tar Sands Now Battered from All Sides
Once Unstoppable, Tar Sands Now Battered from All Sides Canada’s tar sands industry is in crisis as oil prices plummet, pipeline projects are killed, and new governments in Alberta and Ottawa vow less reliance on this highly polluting energy source. Is this the beginning of the end for the tar sands juggernaut? In the summer of […]
Alberta Loses Most Jobs In 34 Years As Oil Crunch Cripples Labor Market
Alberta Loses Most Jobs In 34 Years As Oil Crunch Cripples Labor Market Times are tough in Alberta and to be sure, we’ve piled it on heavy when it comes to cataloguing the long list of pitiable outcomes that have accompanied crude’s steep slide. The province is at the center of Canada’s dying oil patch […]
EI claims rose 9.2% in the year to November with Alberta hardest hit
EI claims rose 9.2% in the year to November with Alberta hardest hit More than 31,000 new jobless in Alberta as EI rolls climb to 544,200 There have been several rounds of layoffs in the oilpatch since 2014, with trades, transport, technical support, finance and management affected. (Todd Korol/Reuters) The number of Canadians receiving employment […]
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 […]
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 […]
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 […]
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 […]
