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Canadian LNG Export Future Delayed, But Not Dead Yet
Canadian LNG Export Future Delayed, But Not Dead Yet As the Lax Kw’alaams community rejected a $1 billion offer from Pacific NorthWest LNG as compensation for a proposed natural gas project this week, the global energy community took notice. With the native tribe turning down such an enormous sum of money, the rejection could put […]
Bank of America forecasts another rate cut in Canada
Bank of America forecasts another rate cut in Canada Gloomy outlook for Canadian economy sees loonie pushed to 73 cents Bank of America, one of the U.S.’s biggest banks, says the Bank of Canada may have to cut its key lending rate again later this year. Bank of America says Canada’s economy will underperform the […]
Canadians pay cash less than half the time, Bank of Canada calculates
Canadians pay cash less than half the time, Bank of Canada calculates Credit cards get big boost as Canadians shun the ATM Cash is no longer king for Canadians when it comes to paying for retail transactions. A study released today by the Bank of Canada shows that less than half of our purchases are […]
“Free Trade” Run Amok: Canada Challenges U.S. Laws Reining In Banks
“Free Trade” Run Amok: Canada Challenges U.S. Laws Reining In Banks We noted in 2013 that the Trans Pacific Partnership (TPP) would let big banks run amok, and wouldincrease the cost of consumer loans. Ellen Brown asked last month: Under the TPP, could the US government be sued and be held liable if it decided to stop […]
Petronas Hoping To Buy First Nations Tribes’ Support For $1 Billion
Petronas Hoping To Buy First Nations Tribes’ Support For $1 Billion Petronas is willing to pony up nearly $1 billion to secure the support of First Nations tribes in western Canada for its natural gas export project. The Malaysian state-owned oil company is offering C$1.15 billion (USD$950 million) to the Lax Kw’alaams tribe in order to build […]
BC Climate Change Progress Stalled, Critics Say
BC Climate Change Progress Stalled, Critics Say ‘We know we need to do more,’ says environment minister. Lately, Premier Christy Clark has been bragging about British Columbia’s record fighting climate change, but observers say that pride is misplaced. “They’re talking a lot about being a world leader in climate action,” said Jens Wieting, a campaigner […]
No Wealth, No Justice in $1 Billion LNG Offer to First Nation Band
No Wealth, No Justice in $1 Billion LNG Offer to First Nation Band Here’s why Lax Kw’alaams still side with the salmon. Leonardo Boff, a Brazilian theologian and writer known for his work among the poor and the excluded, is credited with coining a phrase that is as true as any you’ll ever hear: ”The […]
The big business of selling Canadian technology to Turkey
The big business of selling Canadian technology to Turkey Turkey’s booming defence sector is making it a ‘priority market’ for many Canadian companies The Canadian flag is flying in Istanbul this weekend, where Canadian technology and innovation are very much in evidence and it’s all for sale. The Canadian presence at the annual defence industry fair (IDEF) […]
Rocco Galati challenges role of Bank of Canada in latest case
Rocco Galati challenges role of Bank of Canada in latest case Maverick lawyer argues central bank should provide interest-free money for infrastructure The lawyer best known for stopping the Supreme Court appointment of Judge Marc Nadon has turned his sights on the Bank of Canada. Rocco Galati has taken on a case for a group […]
Sorry Liberals, ‘Oversight’ Won’t Fix Menace of a Terror Bill
Sorry Liberals, ‘Oversight’ Won’t Fix Menace of a Terror Bill Party’s position on C-51 is downright surreal, and solution to fix it equally flawed. The House of Commons sent Bill C-51, the Anti-terrorism Act, to the Senate on Wednesday, where it is expected to quickly pass and become law. One-hundred-and-eighty-three Conservatives and Liberals voted in […]
Bill C-51 passes in House of Commons
Bill C-51 passes in House of Commons Passed third reading by a margin of 183 to 96 The federal government’s controversial new anti-terrorism bill has won the approval of the House of Commons. The Anti-Terrorism Act, also known as Bill C-51, easily passed third reading by a margin of 183 to 96, thanks to the […]
Oil rally makes loonie world’s strongest currency this quarter, BMO says
Oil rally makes loonie world’s strongest currency this quarter, BMO says Canadian dollar over 83 cents US Tuesday, up from 78 cents 6 weeks ago After cratering along with the price of oil in January, the Canadian dollar has quietly been mounting a rally and is now the world’s best-performing major currency in the past […]
High End Real Estate in Canada in Frenzied Bubble Blow-Off
High End Real Estate in Canada in Frenzied Bubble Blow-Off Throwing Caution to the Wind We have discussed the dangerous housing and consumer credit bubble in Canada in these pages on several previous occasions in some detail (see “Carney’s Legacy” and “A Tale of Two Bubbles” as examples). Since we first wrote about Canadian real […]
Canada has the Most Overvalued Housing Market in World
Canada has the Most Overvalued Housing Market in World Canada has the Most Overvalued Housing Market in World [Chart] The Chart of the Week is a weekly feature in Visual Capitalist on Fridays. In every inflating bubble, there’s usually two camps. The first group points out various metrics suggesting something is inherently unsustainable, while the second […]
