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PRISON DISPATCHES FROM THE WAR ON TERROR: CONFESSED PLOTTER GIVES INSIGHT INTO RADICALIZATION
PRISON DISPATCHES FROM THE WAR ON TERROR: CONFESSED PLOTTER GIVES INSIGHT INTO RADICALIZATION In 2006, 21-year-old Fahim Ahmad was arrested and charged with leading a group of young men who planned to bomb power stations, take hostages and “behead politicians” in order to compel the Canadian government to withdraw its troops from Afghanistan. Ahmad was also accused of planning to […]
Canadian police say Valentine’s Day mass shooting plot foiled
Canadian police say Valentine’s Day mass shooting plot foiled TORONTO (Reuters) – Canadian police said on Friday they foiled a plot in which at least two people allegedly planned to commit a mass shooting in the East Coast province of Nova Scotia on Valentine’s Day. The Royal Canadian Mounted Police (RCMP) said in a statement the […]
Layoffs, Spending Cuts Permeate Alberta’s Oilpatch On Quarterly Results
Layoffs, Spending Cuts Permeate Alberta’s Oilpatch On Quarterly Results CALGARY – There was a splattering of red ink in the oilpatch Thursday, as the steep drop in oil prices weighed on the bottom lines of some of the energy sector’s biggest names in the last three months of 2014. Oilsands producer Cenovus Energy Inc. (TSX:CVE) […]
Why the GOP’s Vision of North America’s Energy Future Should Scare All of Us
Why the GOP’s Vision of North America’s Energy Future Should Scare All of Us It will be a nightmare of environmental degradation and global conflict. It’s a ritual long familiar to observers of American politics: presidential hopefuls with limited international experience travel to foreign lands and deliver speeches designed to showcase their grasp of foreign […]
Bank of Canada’s Wilkins: Economy still below potential
Bank of Canada’s Wilkins: Economy still below potential OTTAWA (Reuters) – The Canadian economy is still operating below its potential, a senior Bank of Canada official said on Tuesday, pointing to slack in the labor market and calling the recent sharp drop in oil prices a “setback.” In some of the first remarks by a Bank […]
Ebola-Like Symptoms At London, Ontario Hospital Prompt Lockdown
Ebola-Like Symptoms At London, Ontario Hospital Prompt Lockdown The London Health Science Centre said late Tuesday night that two patients had been admitted to the city’s Victoria Hospital with Ebola-like symptoms. “As a designated treatment hospital, at approximately 9:45 p.m. this evening, two patients currently under investigation for Ebola Virus Disease were referred to LHSC,” […]
Kitamaat Village evacuated after 3 days without power due to near record snowfall
Kitamaat Village evacuated after 3 days without power due to near record snowfall Residents had to cut through fallen trees with chainsaws to gain road access B.C.’s Haisla First Nation ordered the evacuation of Kitamaat Village and its 800 residents on Saturday night, three days after the community lost power following a major snowstorm. Many residents are staying at […]
Canada housing agency sees moderation in housing starts in 2015
Canada housing agency sees moderation in housing starts in 2015 OTTAWA (Reuters) – Canada’s federal housing agency softened its forecast for housing starts in 2015, saying it expects the pace of new home construction to gradually moderate in the coming years. Although the Canada Mortgage and Housing Corp said on Friday it expects employment and disposable […]
Don’t Believe The Headlines: Canada’s Latest Job Numbers Don’t Look Good
Don’t Believe The Headlines: Canada’s Latest Job Numbers Don’t Look Good After two months of shrinking job numbers, it looked like Canada had broken the streak with this morning’s StasCan report showing an increase of 35,400 jobs, and a decrease in the jobless rate to 6.6 per cent, from 6.7 per cent. But that is […]
Energy companies on the ropes as investors look for deals
Energy companies on the ropes as investors look for deals Behind the scenes of the oil shock So far 2015 has not been a banner year for the energy sector. Budgets have been slashed, earnings are down and jobs are being cut. The mood in Alberta is tense. Behind the scenes though, it’s a different story. Opportunities […]
Canadian Government ‘Optimistic’ Trade War With U.S. Averted
Canadian Government ‘Optimistic’ Trade War With U.S. Averted WASHINGTON – The Canadian government is expressing optimism that a trade war might be averted with the United States in a long-standing dispute over agricultural products. Agriculture Minister Gerry Ritz says he likes what he heard this week during a trip to Washington, and senses a willingness […]
Keystone XL Pipeline Could Result In Higher Emissions After All, EPA Says
Keystone XL Pipeline Could Result In Higher Emissions After All, EPA Says WASHINGTON – Canada’s ambassador to the U.S. likes to joke that he walks around Washington carrying a copy of the State Department report on the Keystone XL pipeline tucked in his jacket pocket. That’s how critical that document has been to the pipeline […]
Is Canada Headed For Another Recession? Eight Troubling Signs
Is Canada Headed For Another Recession? Eight Troubling Signs A string of dire economic news since the beginning of 2015 has many observers worried about whether Canada could be on the brink of another downturn, but economists say it’s too soon to mention the “R-word.” One month in, layoffs seem to be the dominant theme […]
“The Stage Is Set For A Massive Housing Market Correction in Canada’s Oilpatch”
“The Stage Is Set For A Massive Housing Market Correction in Canada’s Oilpatch” Two weeks ago we reported that “the next victim of crashing oil prices has been identified: housing“, particularly non-residential construction among the energy producing regions, where the capex collapse reality is already being felt far and wide. Eventually, once the overall economy […]
‘Welcome Signs Of Cooling’ In Canada’s Overvalued Housing Markets: IMF
‘Welcome Signs Of Cooling’ In Canada’s Overvalued Housing Markets: IMF Canada’s housing markets will cool this year, leading to a more “balanced” economy — one that is not as dependent on growing consumer debt, the International Monetary Fund says. In a report released Friday, the IMF estimated house prices are overvalued by 7 to 20 per […]
