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Busting The “Canadian Bakken” Myth
Busting The “Canadian Bakken” Myth The financial pages of Canadian newspapers have been full of headlines lately announcing the potential of two large shale oil fields in the Northwest Territories said to contain enough oil to rival the Bakken Formation of North Dakota and Montana. The report by Canada’s National Energy Board (NEB) evaluated, for the […]
OPEC is frying bigger fish than just Canada’s oilsands
OPEC is frying bigger fish than just Canada’s oilsands OPEC keeping the taps wide open, letting Saudi Arabia pick off many birds with one stone OPEC’s masterminding of the world oil market is leaving Canada to wonder where exactly our reeling energy industry fits within the scheme of the cartel’s strategic thinking. By leaving its production […]
If Food Is a Right, Who Should Provide It?
If Food Is a Right, Who Should Provide It? Nearly 850,000 Canadians visited food banks in one month last year. At a recent public forum in Victoria, B.C. about the right to food, the first audience question was about federal politics and the October election, which put the panelists in an awkward position. “We all […]
Difficult to invest in green energy in Canada without Big Oil
Difficult to invest in green energy in Canada without Big Oil Divestiture movement continues as organizations clean carbon holdings from portfolios If you thought the divestiture movement was losing steam, Norway’s recent announcement shows there still is momentum around the world to stop investing in fossil fuels. The country has confirmed that its hefty $900-billion government pension fund, considered the largest sovereign wealth […]
Biometric data collection evolves and expands in Canada
Biometric data collection evolves and expands in Canada Ottawa wants to collect data from visitors of 150 countries, up from the current 30 The federal government’s plan to increase its collection of biometric data from visitors to Canada has been met with concern, but the practice is already a large part of our day-to-day lives. Biometrics measure a person’s unique physiological characteristics — including face, iris, retinal […]
How Canada Is Endangering Its Natural Wealth
How Canada Is Endangering Its Natural Wealth Impaired ecosystems leave Canada at an economic disadvantage. A Tyee Solutions excerpt. It’s an old economic truism that scarcity creates value. In an era when natural capital is disappearing around the globe, it’s also increasingly highly valued. Beyond degrading biological, intrinsic and cultural values, Canada’s ineffective stewardshipof our ecosystems […]
OPEC oil glut is shattering Harper’s superpower dream
OPEC oil glut is shattering Harper’s superpower dream Producers’ brinksmanship has worked, and Canada is cutting production In the battle to see who blinks first, OPEC hasn’t blinked. And it looks like it isn’t going to, as it meets this week in Vienna. Six months ago the Organization of the Petroleum Exporting Countries, led by Saudi Arabia, […]
Canadian Mortgage Insurer Tells US Hedge Funds Why Canada’s Housing Bubble Is Immortal. Hilarity Ensues
Canadian Mortgage Insurer Tells US Hedge Funds Why Canada’s Housing Bubble Is Immortal. Hilarity Ensues Home prices in Canada’s two largest metro areas have been red-hot for years. In May, the average selling price for all types of homes in the Greater Toronto Area jumped 11% from a year ago to C$649,600 on a 6% […]
Younger workers more likely to see less income in retirement, CIBC says Average person born in ’80s and after may see only 70% of pre-retirement income, economist Benjamin Tal says
Younger workers more likely to see less income in retirement, CIBC says Average person born in ’80s and after may see only 70% of pre-retirement income, economist Benjamin Tal says Urgent attention needs to be given to what Canadians can expect to get in retirement income — something that’s become a real divide along generational lines, […]
Missing from Canada’s Political Debate: Natural Security
Missing from Canada’s Political Debate: Natural Security 25-year review of Canada’s eco-stewardship reveals neglect across party stripes. Canada’s prime minister is pre-campaigning with a strong-on-security message. His government is taking measures designed, among other goals, to protect energy infrastructure from what the RCMP has called “violent environmental extremists.” As I write, enormous forest fires burning out of control across […]
House prices may stay high in Canada: Here’s why
House prices may stay high in Canada: Here’s why Seemingly insatiable overseas demand is one of main reasons the gloom-mongers have been wrong A friend of mine sold her Toronto house because prices were so high. She didn’t want to get caught in the downdraft. If you’ve been listening to all the warnings from foreign […]
Short-Sighted Politicians Are Fuelling Canada’s Housing Crisis
Short-Sighted Politicians Are Fuelling Canada’s Housing Crisis The latest example of Canadian politicians’ (in)action in regard to real estate prices getting out of control is the recent decision by the B.C. Premier Christy Clark, to reject the idea of raising taxes for overseas investors — despite a petition from her constituents that attracted some 25,000 signatures. “By […]
Canada needs to confront its oilsands ‘challenge,’ German ambassador says
Canada needs to confront its oilsands ‘challenge,’ German ambassador says Observers say Canada and Japan are attempting to block ‘decarbonization’ pledge from G7 declaration Germany’s ambassador to Canada says Ottawa’s new targets to cut carbon pollution mean it will have to tackle the problem of the oilsands. In an interview with CBC News, Ambassador Werner […]
Oil-price drop impact on Canada lessened thanks to foreign ownership
Oil-price drop impact on Canada lessened thanks to foreign ownership Finance department memo says foreign ownership of energy sector higher than reported by StatsCan Canada has been partly insulated from the sharp drop in oil prices because so much of the energy sector is foreign owned, says an internal Finance Canada document. The Feb. 20 […]
