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‘Clean’ natural gas is actually the new coal, report says: Don Pittis
‘Clean’ natural gas is actually the new coal, report says: Don Pittis Global investment of more than $1 trillion in planned LNG plants at risk There’s no question that when you burn it, methane, the main component of natural gas, is much cleaner than coal. With that in mind, you might think a newly released report […]
Foonie? As loonie turns 30, it’s time to think of a name for a $5 coin: Don Pittis
Foonie? As loonie turns 30, it’s time to think of a name for a $5 coin: Don Pittis And while we’re at it, Canadians must lose their attachment to those pesky nickels Canadian astronaut Chris Hadfield presents Bank of Canada Governor Stephen Poloz with the $5 bill he took into space. Maybe next time, it […]
World watching as Canada casts aside austerity and gambles on a fiscal surge
World watching as Canada casts aside austerity and gambles on a fiscal surge A global economic debate plays out in Canada as our government goes from miser to spendthrift Canada’s Prime Minister Justin Trudeau and Finance Minister Bill Morneau are taking Canada into unknown waters, betting that spending will do what austerity has not. (Reuters) […]
Canada’s job recovery will reflect growing divergence between resource and export sectors: Don Pittis
Canada’s job recovery will reflect growing divergence between resource and export sectors: Don Pittis Bank of Canada governor Stephen Poloz says rebuilding Canadian economy might be a 5-year healing process Bank of Canada governor Stephen Poloz says the country is on track for slow job growth. But also expect a growing divergence between a weakening […]
Doomsayers are wrong (so far) as U.S. Fed raises rates: Don Pittis
Doomsayers are wrong (so far) as U.S. Fed raises rates: Don Pittis Breaking the ice on frozen rates has calmed markets, not roiled them U.S. Federal Reserve chair Janet Yellen oozed confidence as she announced a hike in interest rates yesterday. Markets responded in kind. (Reuters) “Remember, we have very low rates and we’ve made […]
Central bankers must have the courage to act before a crisis: Don Pittis
Central bankers must have the courage to act before a crisis: Don Pittis Are our bankers-in-chief always condemned to crisis management? Are central bankers always destined to be too late? This weekend, two of that august fraternity were strutting their stuff. Former U.S. Fed chairman Ben Bernanke was busy promoting his new book called The Courage to […]
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 […]
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 […]
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 […]
Friday job numbers may tell tales GDP missed: Don Pittis
Friday job numbers may tell tales GDP missed: Don Pittis Stats could show if slump is over and whether there is a rebound outside the oil industry Opponents in the battle over whether the Canadian economy is collapsing or clawing its way back to recovery will get more ammunition on Friday. That’s when we learn the latest figures on job […]
Enjoy Canada’s low dollar while you can: Don Pittis
Enjoy Canada’s low dollar while you can: Don Pittis There’s not much you can do about the low loonie, so just look on the bright side The low Canadian dollar is hurting John Stiles at Calgary-based Planet Foods. His company distributes natural foods and healthy snacks across Canada. The cost of his U.S. imports is […]
Big oil that’s making a killing: Don Pittis
Big oil that’s making a killing: Don Pittis Don’t weep for the “downstream” part of the oil business, it’s booming In business lore there is no better advice than “buy low, sell high.” As markets keep hitting new lows, that’s pretty hard for the average investor these days, but in parts of the oil business, it’s exactly […]
Desperate move by China a worrying sign: Don Pittis
Desperate move by China a worrying sign: Don Pittis Instead of boosting economy there is danger China’s sudden move will hurt confidence The father of Western medicine, Hippocrates, had some advice in 400 BC that has been passed down to today: “Extreme remedies are very appropriate for extreme diseases.” As the world responds to this week’s extreme andunexpected devaluation by the Chinese […]
Federal election 2015: Choosing the best negotiator for the Trans-Pacific Partnership
Federal election 2015: Choosing the best negotiator for the Trans-Pacific Partnership As politicians score point with loaded sound bites, does it matter if they avoid details? “You can’t have a debate on such a key issue as the modernization of social programs in 47 days,” Conservative Leader Kim Campbell said during her unsuccessful 1993 election campaign. […]
