Canadian natural resource sector economic activity on the rise

The mineral and mining subsector drove the increase, led by potash

Canadian natural resource sector economic activity on the riseThe natural resource sector, including energy, saw the volume of economic activity grow in the third quarter of 2018, according to Statistics Canada. The federal agency reported Thursday that real gross domestic product in the natural resource sector rose by one per cent in the quarter following a 1.4 per cent increase in the second…

Poll on oil in Quebec shows some surprising results

66% of Quebecois favour Western Canadian oil over foreign oil, and 45% believe pipelines are the safest means of transporting oil

Poll on oil in Quebec shows some surprising resultsHere’s some interesting poll results taken for the Montreal Economic Institute regarding the controversy over oil and recent negative statements about the Quebec’s Premier about oil which has angered people in Alberta. The Leger poll found that 66 per cent of respondents favoured Western Canadian oil, versus just seven per cent who preferred to import…

Bombardier slashing 5,000 jobs

Massive restructuring program also includes sale of non-core assets and new emphasis on technology

Bombardier slashing 5,000 jobsMontreal-based Bombardier, an aerospace and transportation giant in the industry, announced on Thursday that it was slashing 5,000 jobs from its global workforce. In a news release reporting its third quarter financial results, the company said the reduction in staff will take place across the organization over the next 12 to 18 months, “leading to…