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Canada Crude Contagion: Calgary Home Prices Drop Most In 2 Years
Canada Crude Contagion: Calgary Home Prices Drop Most In 2 Years For the 2nd month in a row, home prices in Calgary – corporate hub of Canada’s oil industry – have fallen. This is the biggest 2-month-drop in almost 2 years (and comes on the heels of yesterday’s news that Suncor is slashing jobs and capex). As Bloomberg […]
Ontario To Put A Price On Carbon Emissions: Environment Minister
Ontario To Put A Price On Carbon Emissions: Environment Minister The Ontario government plans to put a price on carbon emissions to cut down on greenhouse gases, making good on a seven-year-old promise to fight climate change. The province’s environment minister said Tuesday his new climate strategy will set Canada’s most populous region on a […]
Suncor to cut 1,000 jobs in response to low oil prices
Suncor to cut 1,000 jobs in response to low oil prices Energy firm to cut $1B from capital spending, delay work on some projects Oilsands giant Suncor Energy says it will cut approximately 1,000 jobs and reduce its 2015 spending plans in response to lower oil prices. The job cuts will primarily affect contract workers, […]
Big Biomass 101: When Burning Wood for Energy Makes Sense
Big Biomass 101: When Burning Wood for Energy Makes Sense By David Dodge and Duncan Kinney The great boreal forest straddles the country and provinces from Nova Scotia to British Columbia have ample forestry resources. In a place like Canada biomass to energy can make a lot of sense. So we headed to the largest, […]
New Anti Terror Laws Coming After Attack On Charlie Hebdo
New Anti Terror Laws Coming After Attack On Charlie Hebdo Stephen Harper announced that an “international Jihadist Movement Has Declared War On The World”, in the wake of the Charlie Hebdo attack in France. He also stated that new anti terrorism legislation would be introduced shortly after the House of Commons winter break. The Canadian […]
‘Canada Is In Serious Trouble’ As Debt, House Prices Climb, Deutsche Bank Declares
‘Canada Is In Serious Trouble’ As Debt, House Prices Climb, Deutsche Bank Declares It was little more than a year ago that Deutsche Bank declared Canada’s housing market to be the most overvalued in the world, and on Thursday the German-based bank doubled down on its bearish assessment of Canada. Residential real estate in Canada is overvalued […]
Canada Posts Trade Deficit In November, And It Turns We Had One In October, Too
Canada Posts Trade Deficit In November, And It Turns We Had One In October, Too OTTAWA – Canada had a larger-than-expected trade deficit in November as a drop in crude oil and bitumen led a broad decline in exports. Statistics Canada said Wednesday that the country posted a merchandise trade deficit of $644 million in […]
Canada: A Microcosm Of The Ultimate Effect Of Low Oil Prices?
Canada: A Microcosm Of The Ultimate Effect Of Low Oil Prices? Canada’s economy, lately driven in large part by oil, is a classic example of the old see-saw axiom: Downward pressure in one place creates upward pressure in another. In this case, the bad news of low oil prices for the provinces of Alberta, Newfoundland […]
Interest rate hike: Why the Bank of Canada may hold off
Interest rate hike: Why the Bank of Canada may hold off Analysts have predicted this will be the year that the Bank of Canada raises its benchmark interest rate. And it could very well be the year it does. Unless of course, it doesn’t. “I think it’s a stretch,” says Derek Holt, vice-president of Scotiabank Economics. “I […]
How $40 oil would impact Canada’s provinces
How $40 oil would impact Canada’s provinces What does Canada’s economy look like with oil prices at $40 a barrel? Certainly it won’t be the energy superpower envisioned by Prime Minister Stephen Harper. If $40 a barrel still seems a ways off, consider that the benchmark price for oil sands crude is already trading in […]
TSX closes down 360 points as oil trades below $50 a barrel
TSX closes down 360 points as oil trades below $50 a barrel The Canadian dollar was lower Monday, dragged below the 85 cent US level because of continuing weakness in the price of oil, which dropped below $50 US a barrel for the first time since 2009. The plunging oil price hammered the Toronto Stock […]
Hydro-Québec Restores Electricity To Most, But 8,500 Still In Dark
Hydro-Québec Restores Electricity To Most, But 8,500 Still In Dark Freezing rain, high winds and a rapid drop in temperature created a host of problems for people living in the greater Montreal region and elsewhere in southern Quebec. On Sunday, a dangerous mix of precipitation followed by freezing cold made for extremely slick road conditions. […]
Get ready for interest rate shock in 2015
Get ready for interest rate shock in 2015 2015 is expected to be the first time in five years that benchmark interest rates are moved upwards, increasing the cost of borrowing. The U.S. Federal Reserve will go first; the Bank of Canada is expected to follow. Most analysts expect the Fed to increase its key rate, […]
Al Jazeera Journalist Mohamed Fahmy Should Be Released Not Retried in Egypt | Amal Clooney
Al Jazeera Journalist Mohamed Fahmy Should Be Released Not Retried in Egypt | Amal Clooney. On 1 January 2015, the Egyptian Court of Cassation issued a ruling upholding the appeal filed by Mohamed Fahmy to overturn his conviction and 7-year sentence. In so doing, Egypt’s highest court has recognized that there were legal errors in the original […]
