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WTI Hits $52 Handle As US Rig Count Tumbles To 8-Month Lows | Zero Hedge
WTI Hits $52 Handle As US Rig Count Tumbles To 8-Month Lows | Zero Hedge. Just as T. Boone Pickens warned “watch the rig counts” last week, so the Baker Hughes rig countjust collapsed for the 3rd week in a row to 8-month lows. This is the fastest 3-week drop since mid-2009. Crude prices were already […]
Canadian Government: This Reporter’s Question About ALEC ‘Undeserving of Response’ | DeSmog Canada
Canadian Government: This Reporter’s Question About ALEC ‘Undeserving of Response’ | DeSmog Canada. As some of you may know, I’ll be starting a new rolein January 2015 as an investigative resources correspondent for Reuters. Getting access to records about government decisions and policies has long played a key role in the work of many journalists around the […]
Canada’s Mining Sector Braces For Challenging Year In 2015
Canada’s Mining Sector Braces For Challenging Year In 2015. MONTREAL – Canada’s mining sector is bracing for another challenging year in 2015 as slower growth in China is expected to continue to dampen selling prices for many metals. Iron ore suffered the biggest drop in the past year, losing nearly half its value to reach […]
Maritime Temperature Records Shattered On Christmas Day
Maritime Temperature Records Shattered On Christmas Day. HALIFAX – It felt more like spring than Christmas Day in the Atlantic provinces as temperature records were shattered and heavy rain pounded the region. Environment Canada said it is not unusual to have warm temperatures on Christmas, but it was record-breakingly balmy in some areas of Nova […]
Canada’s GDP Stronger Than Expected In October .. Before Oil Prices Collapsed
Canada’s GDP Stronger Than Expected In October .. Before Oil Prices Collapsed. OTTAWA — Canada’s gross domestic product rose by an unexpectedly strong 0.3 per cent in October, which led several economists to consider revising their estimates for the final quarter of 2014 — although they also warned that they’re less bullish about 2015 due […]
B.C. avian flu virus has Asian origin new to North America – British Columbia – CBC News
B.C. avian flu virus has Asian origin new to North America – British Columbia – CBC News. The avian flu virus involved in an outbreak in British Columbia is related to a deadly strain that has spread through Asia and is now affecting North American poultry for the first time, the Canadian Food Inspection Agency […]
Average gasoline price dips to 99 cents and falling – Business – CBC News
Average gasoline price dips to 99 cents and falling – Business – CBC News. For the first time in 4½ years the average cost of gasoline in Canada has dropped below $1 a litre. The actual prices vary by market, from $1.05 in Vancouver to 76.9 cents in Edmonton to 98.9 cents in St. John’s, […]
US Oil Rig Count Tumbles Most In Over 5 Years,”Demand From Oilfield Customers Dropping Rapidly” | Zero Hedge
US Oil Rig Count Tumbles Most In Over 5 Years,”Demand From Oilfield Customers Dropping Rapidly” | Zero Hedge. “Unequivocally” not good. Following last week’s surge in initial jobless claims for ‘Shale’ states, Baker Hughes confirms rig counts continue to tumble. The last two weeks have seen the total US rig count fall the most since 2009 (and […]
Stephen Harper’s climate-change comments only half the story, critics say – Politics – CBC News
Stephen Harper’s climate-change comments only half the story, critics say – Politics – CBC News. Stephen Harper is often accused of being absent on environmental issues, but in a year-end interview with CBC News chief correspondent Peter Mansbridge, the prime minister said his government is doing its bit to combat climate change and that greenhouse gas […]
Falling Oil Prices Could Rock Canada’s Politics: Expert | The Tyee
Falling Oil Prices Could Rock Canada’s Politics: Expert | The Tyee. What do the plummeting oil prices tell us not only about our near term economic future in Canada, but the political fragility of the world’s petro states? If Canada fully joins the petro state club, as our prime minister and his party desire, is […]
Oil price drop means lost billions for Canada, CIBC says – Business – CBC News
Oil price drop means lost billions for Canada, CIBC says – Business – CBC News. The dramatic decline in oil prices will cost Ottawa about $5 billion in lost revenue and provincial economies a little more than that, one of Canada’s biggest banks suggested today. That’s one of the main takeaways from a CIBC report that […]
We must face the fact that houses could be the next oil: Don Pittis – Business – CBC News
We must face the fact that houses could be the next oil: Don Pittis – Business – CBC News. Recent reassuring comments about the Canadian housing market remind me of similar blandishments when oil prices began to fall. I wouldn’t want to overemphasize the parallels between houses and petroleum. Indeed, there are many differences in the […]
Household Debt In Canada Hits Record 162.6% Of Income After StatsCan Revisions
Household Debt In Canada Hits Record 162.6% Of Income After StatsCan Revisions Canadian household debt reached an all-time high in the third quarter of 2014,Reuters reports. Average household debt reached 162.6 per cent of average household disposable income in the quarter. Statistics Canada revised its estimates for the previous three years downward, so the […]
Big Oil Slashing Spending Amid Low Prices
Big Oil Slashing Spending Amid Low Prices. Oil prices continue to slide in mid-December, slumping towards another key threshold of $60 per barrel. Oil prices hit a five-year low on December 10. While many major oil players have gone to lengths to assure markets that they can weather the price downturn – and indeed it is far […]
Government documents reveal telecom providers envision surveillance-ready networks: Geist | Toronto Star
Government documents reveal telecom providers envision surveillance-ready networks: Geist | Toronto Star. After years of failed bills, public debate and considerable controversy, lawful access legislation received royal assent earlier this week. Bill C-13 lumped together measures designed to combat cyberbullying with a series of new warrants to enhance police investigative powers, generating criticism from the […]
