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U.S. jobs and global gloom may mean more mortgage relief: Don Pittis
U.S. jobs and global gloom may mean more mortgage relief: Don Pittis Interest rate hikes fade into the future as economic recovery appears to go flat It seems a terrible thing to cheer about, but a new feeling of gloom may be good for Canadians weighed down by mortgage debt. A worse-than-expected U.S. jobs report and increasing fears […]
Campaign cone of silence descends on Saudi Arabia arms deal: Neil Macdonald
Campaign cone of silence descends on Saudi Arabia arms deal: Neil Macdonald Warning: this article contains strong language and imagery The definition of a “campaign issue” is elusive. Generally, it has to do with the self-interest of politicians and the reporters who cover them. If the former think advancing a subject might mean more votes, they […]
Mark Carney wants business to calculate the fossil fuel future: Don Pittis
Mark Carney wants business to calculate the fossil fuel future: Don Pittis Bank of England governor’s climate change warning puts the focus on the bottom line No doubt Bank of England governor Mark Carney has personal views on whether or not climate change is a danger to his children’s future. Most thoughtful people do. But when the […]
Canadians piling up more garbage than ever before as disposables rule
Canadians piling up more garbage than ever before as disposables rule There’s a high price to pay for our love affair with products of convenience We like to think we’re behaving like model citizens, hauling our recycling to the curb and composting our banana peels. But the sad truth is, Canadians are piling up more household garbage […]
TSX falls 373 points as commodities sell off again
TSX falls 373 points as commodities sell off again Canadian dollar loses almost half a cent to close at 74.66 cents US. Canada’s benchmark stock index lost almost 2.8 per cent on another bleak Monday for commodities like oil, gold and copper. The S&P/TSX Composite Index lost 373 points to close at 13,004. That’s the lowest level for Canada’s […]
Shell ends exploration in Arctic near Alaska ‘for the foreseeable future’
Shell ends exploration in Arctic near Alaska ‘for the foreseeable future’ Shell spent upward of $7 billion US on offshore development in Chukchi, Beaufort seas Royal Dutch Shell will cease exploration in Arctic waters off Alaska’s coast following disappointing results from an exploratory well it just completed. Shell found indications of oil and gas in […]
How Saudi Arabia, and a $15B armoured vehicle deal, became an election issue
How Saudi Arabia, and a $15B armoured vehicle deal, became an election issue Government says contract will create and sustain 3,000 jobs Niqabs, the economy, national unity — all issues that predictably came up in Thursday night’s French-language debate. But few had forecast that Canada’s relations with Saudi Arabia, and specifically, a multibillion-dollar contract to sell armoured vehicles […]
Oil sands pipelines now back on the election agenda
Oil sands pipelines now back on the election agenda Mulcair may have the most explaining to do in tonight’s French-language leaders’ debate So now we know. The woman who wants to be the next Democrat to occupy the White House has made a decision that the president she hopes to succeed hasn’t, or won’t. Hillary […]
Spin cycle: Can 1.3-million new jobs be created in 5 years?
Spin cycle: Can 1.3-million new jobs be created in 5 years? This election has a theme common to almost all others before it: everyone is promising more jobs The promise of jobs, jobs, and more jobs has long been a staple of election campaigns. NDP Leader Tom Mulcair has promised a basket of goodies to help […]
On the economy, politicians debate, central bankers decide
On the economy, politicians debate, central bankers decide Bank of Canada pushing stimulus; Conservatives, NDP talking austerity. Go figure The idea that a prime minister is the “steward of the economy” is a convenient bit of fiction, co-created by politicians and the journalists who cover them. It was an explicit theme of last night’s leaders’ […]
Foreign buyers driving demand for luxury homes, Sotheby’s says
Foreign buyers driving demand for luxury homes, Sotheby’s says Luxury housing segment ($4M+) is hotter than the overall market in Vancouver, Toronto International demand is expected to keep driving luxury real estate sales in Canadian cities for the rest of the year, according to a report from Sotheby’s International Realty. A faltering Chinese economy and […]
When good loans go bad among junior energy companies
When good loans go bad among junior energy companies The energy sector is facing a season of pain as its loans are renegotiated. This is shaping up to be a deeply unpleasant autumn for junior energy companies and the banks that lent them hundreds of millions of dollars. “Everyone got hall passes until the fall, but the principal […]
Goldman Sachs downgrades oil forecast, says $20 per barrel is possible
Goldman Sachs downgrades oil forecast, says $20 per barrel is possible Investment bank predicts average price of $45 a barrel next year, but lower isn’t implausible Goldman Sachs has bad news for anyone banking on the oil price rebounding any time soon, saying in a report that the price of crude could fall to $20 […]
Should we cry or rejoice as Russia steps up in Syria?
Should we cry or rejoice as Russia steps up in Syria? Vladimir Putin has vastly different objectives in Syria than the West, but not much has worked so far Such is the torment of Syria’s ongoing war that the idea of Russia sending in its forces to attack ISIS have caused a rare diplomatic mix […]
Interest rate cuts a two-edged sword for Bank of Canada: Don Pittis
Interest rate cuts a two-edged sword for Bank of Canada: Don Pittis Another decrease could spur exports but would announce serious pessimism Conjure up an image of Bank of Canada governor Stephen Poloz in Hamlet pantaloons, hand to brow, declaiming to the middle distance: “To cut or not to cut?” A confusion of contradictory economic […]
