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Canadians Have Some Fat Debt, But Don’t Seem That Worried About It
Canadians Have Some Fat Debt, But Don’t Seem That Worried About It. The percentage of households in Canada mired in extreme debt has almost doubled since 2000, and Canadians are pretty chill about it. On Wednesday, the Bank of Canada said that 12 per cent of Canadian households — or as The Globe and Mail […]
Oil Price Drop Expected To Surface At Provincial-Federal Finance Ministers’ Meeting
Oil Price Drop Expected To Surface At Provincial-Federal Finance Ministers’ Meeting. The topic of sliding oil prices is expected to surface this weekend when provincial finance ministers from across Canada have their first face-to-face meeting with federal counterpart Joe Oliver. Saskatchewan Finance Minister Ken Krawetz said the federal-provincial gathering begins Sunday with an informal get-together […]
Oil Price Drop Expected To Surface At Provincial-Federal Finance Ministers’ Meeting
Oil Price Drop Expected To Surface At Provincial-Federal Finance Ministers’ Meeting. The topic of sliding oil prices is expected to surface this weekend when provincial finance ministers from across Canada have their first face-to-face meeting with federal counterpart Joe Oliver. Saskatchewan Finance Minister Ken Krawetz said the federal-provincial gathering begins Sunday with an informal get-together […]
Canada’s Catch-22: Bankruptcies Could Soar If Economy Improves
Canada’s Catch-22: Bankruptcies Could Soar If Economy Improves. There is a Catch-22 in Canada’s economy, which is this: When things get good again, it will cause things to go bad. That’s because Canadians have taken on so much debt that a rise in interest rates could tip many borrowers at the margins into insolvency. Many […]
Australia’s Dutch Disease More Severe Than Canada’s: Currencies – Bloomberg
Australia’s Dutch Disease More Severe Than Canada’s: Currencies – Bloomberg. The currency market is diagnosingAustralia with a worse case of “Dutch Disease” than Canada as the commodity-heavy economies suffer the fallout from slumping prices. After a decade-long boom in raw materials that pushed up their exchange rates, manufacturing in both countries is shrinking and some economists are drawing parallels to the Netherlands […]
Ontario Auditor General Warns Province Is In A Debt Spiral
Ontario Auditor General Warns Province Is In A Debt Spiral. Ontario’s auditor general is sounding the alarm about the province’s ballooning debt in her annual report, warning that it continues to grow faster than the province’s economy. In her 600-page annual report released Tuesday, Bonnie Lysyk cautioned that despite Ontario’s work to eliminate its deficit, […]
Canada To Fall Way Short Of 2020 Climate Change Targets
Canada To Fall Way Short Of 2020 Climate Change Targets. Canada remains well short of meeting its international 2020 climate change commitment, Environment Canada reported Monday, even if the economy tanks and global oil and gas prices remain on the skids. Even under the worst-case scenario, the 2014 Emissions Report says Canada would still fail […]
Canadian Banks’ Revenue Threatened By Falling Oil Prices
Canadian Banks’ Revenue Threatened By Falling Oil Prices. TORONTO – Oil prices that reached a five-year low on Friday are starting to take a bite out of profits at TD Bank (TSX:TD) and raising concerns for the rest of the country’s top lenders. Canada’s biggest banks earn up to 20 per cent of their revenues […]
Is The Canadian LNG Export Dream Dead?
Is The Canadian LNG Export Dream Dead?. Lower oil prices have killed off major plans for liquefied natural gas exports from Canada’s west coast. On December 2 the state-owned oil company of Malaysia, Petronas, decided to shelve plans to build an enormous LNG export terminal in British Columbia, citing the falling price of oil. It is common […]
Stop Stephen Harper’s Assault on our National Parks | Elizabeth May
Stop Stephen Harper’s Assault on our National Parks | Elizabeth May. Unlike our current Prime Minister’s attack on climate policy and push for every pipeline and tanker in sight, this one is flying under the radar. In fact, Conservative Party talking points make great claims of having expanded the national park system. The following is from the […]
Survey shows Canadians want action on climate change | News
Survey shows Canadians want action on climate change | News. Most see B.C.-style carbon tax as part of the solution VANCOUVER — As Canada’s environment minister heads to the United Nations climate change summit this week, a survey on Canadians’ views about climate change reveals an overwhelming majority (88 per cent) want Canada to commit to significant […]
Information Commissioner Pleads Poverty, Tory MPs Say Raise Fees
Information Commissioner Pleads Poverty, Tory MPs Say Raise Fees. Conservative MPs are proposing that the government raise user fees for access to information requests, charging businesses and journalists more money to help mitigate a series of budget cuts that have damaged the already-ailing system. The comments from several government MPs at a House of Commons committee Thursday came in response […]
Letter from a petro-state | openDemocracy
Letter from a petro-state | openDemocracy. Over a year ago, a colleague at the University of Waterloo, Thomas Homer-Dixon, penned a compelling opinion piece for the New York Times in which he addressed, from a Canadian perspective, the debate surrounding the future of the planned Keystone XL Pipeline. If built, this pipeline would transport unprocessed, environmentally toxic Alberta tar […]
Canadians’ Non-Mortgage Debt Jumps To $1.5 Trillion As Car Loans Lead The Way
Canadians’ Non-Mortgage Debt Jumps To $1.5 Trillion As Car Loans Lead The Way. TORONTO — Canadians continue to pile on debt and now collectively owe more than $1.5 trillion excluding mortgages, according to the latest figures from Equifax Canada. The consumer credit rating agency says the level at the end of the third quarter was […]
Canadian Government Was Worried About Disclosure Of Telecom Surveillance Info: Memo
Canadian Government Was Worried About Disclosure Of Telecom Surveillance Info: Memo. OTTAWA – A move by telecommunications firms to be more forthcoming with the public about their role in police and spy surveillance could divulge “sensitive operational details,” a senior Public Safety official warned in a classified memo. Company efforts to reveal more about police […]
