Canada is headed for a financial cliff

The prospect of a profligate Liberal minority government dependent on the even more financially destructive policies of the NDP is enough to send even more investors scurrying to the exits

Canada is headed for a financial cliffThe Oct. 21 federal election results confirm that most Canadians have lost all fear of deficit spending, no matter how large. That’s a serious problem for the nation. During the 2015 federal election campaign, the Conservatives led by Stephen Harper proudly announced a no-deficit budget after years of working to rebalance spending and revenues following…

Canada’s sad march to energy industry oblivion

Encana, Canada’s flagship energy company, has now become Americanized, driven south by disastrous Liberal policies

Canada’s sad march to energy industry oblivionEd. Note: Gwyn Morgan was the first CEO of Encana when it was formed in 2002. In this Nov. 22, 2018 column, the respected oil pioneer outlines the federal regulatory impediments that are driving companies to leave our country. With the announcement this week that Encana is rebranding and heading to the U.S., the column…

Farm industry upheaval brings a way of life to an end

Prairie towns and villages are becoming relics of the past. Formerly bustling main streets are lined with boarded-up businesses, inhabited by aging retirees who carry the memories of a bygone era

Farm industry upheaval brings a way of life to an endWhat do you think is Canada’s riskiest business? Childhood on our family farm taught me the answer to that question. Despite years of heartbreaking disappointments, my father was a perfect example of the adage “hope springs eternal.” Each spring, he would sing happily on our tractor while seeding wheat, barley and oats. Then we hoped…

Myths and misinformation fog climate change debate

The answers to some questions to help you assess whether there really is a climate emergency

Myths and misinformation fog climate change debateWith energy and the environment playing an important role in the fall election, Canadians face starkly different policy positions from political parties, together with a bewildering array of both information and disinformation. Here is my rather eclectic list of little-known facts, head-scratching paradoxes and utter hypocrisy. Climate Emergency On June 17, the House of Commons…

Climate-change strategy offers Sheer a way to win election

How does a Liberal government that can’t campaign on its abysmal record go about gaining re-election?

Climate-change strategy offers Sheer a way to win electionAs the federal election approaches, the Liberal government’s record has become increasingly more difficult to defend. Prime Minister Justin Trudeau’s promise in the last election that he would run only ‘modest’ deficits has burgeoned into a national debt increase that is bigger per person than that racked up by any government in Canadian history, outside…

Powerful anti-oil groups march into Canada’s halls of power

With Gerald Butts and others at the epicentre of power, it’s no wonder the oil industry has plummeted into purgatory

Canadians watch Robert Mueller’s investigation into Russian interference in the 2016 U.S. presidential election comfortable in the belief that such foreign interference couldn’t happen here. Except it did happen here. And while the Russians adamantly deny interference in American political affairs, the perpetrators of interference in the 2015 Canadian federal election not only devised and…

Oil and gas the backbone of the Canadian economy

Oil and gas contributed some $117 billion to Canada’s GDP last year, six times the economic contribution of the Ontario auto industry

Oil and gas the backbone of the Canadian economyWhat was Canada’s biggest business news story of 2018? According to the pundits at The Canadian Press, it wasn’t the giveaway of Canadian oil to Americans for tens of billions of dollars below world prices, caused by a lack of pipelines from Alberta. It wasn’t the loss of tens of billions more in oil and…

Trudeau’s wrong-headed approach to climate change

Trying to solve a problem with the wrong solution will inevitably lead to failure

Trudeau’s wrong-headed approach to climate changeWith polls showing the Liberals in a tight contest with the Conservatives, the Trudeau government needed to find a defining issue that will carry them to victory in next October’s election. From the beginning of his mandate, this Prime Minister has made lowering carbon emissions a centerpiece of his government’s raison d’etre. Trudeau promised an approach…

Trans Mountain mired in hopeless consultations and useless studies

The court decision against the pipeline veered away from objective legal analysis into opinions designed to justify preconceived biases

Trans Mountain mired in hopeless consultations and useless studiesFor the second time in two years, three judges with the Federal Court of Appeal struck down a crucially important oil export pipeline project that had undergone years of regulatory review. The approval of Northern Gateway by the former federal government of Conservative Stephen Harper was struck down in 2016. That was after Enbridge spent…

How we can avoid a devastating trade war with the U.S.

We need a smart, realistic strategy for negotiations, starting with giving up our dairy supply management system

How we can avoid a devastating trade war with the U.S.The importance of the North American Free Trade Agreement to Canada’s economy is staggering. Each day, $2.4 billion worth of goods and services cross the Canada/U.S. border. Some 78 per cent of Canada’s merchandise exports are destined for NAFTA partners. Now, the 23-year-old agreement is under severe threat from a hyper-protectionist American president. Initially, NAFTA…

Horgan’s hypocrisy, Weaver’s green energy fantasy hurt all Canadians

The B.C. premier and his Green Party puppet master have created a debilitating, ill-conceived mess over the Trans Mountain pipeline

Horgan’s hypocrisy, Weaver’s green energy fantasy hurt all CanadiansThe political discourse surrounding Canada’s oil industry has morphed into a combination of schizophrenia, hypocrisy and fantasy. This debilitating countrywide phenomenon is clearly exemplified at both the federal and provincial levels. But it’s the recent actions of B.C. Premier John Horgan and his puppet master, Green Party Leader Andrew Weaver, that earn my nomination for…

The Saga of the Three Pipelines test of Ottawa’s relevance

After seven years and billions of dollars, hope for revival of Canada’s oil industry comes down to one extremely troubled project

The Saga of the Three Pipelines test of Ottawa’s relevanceCanada is endowed with the third largest oil reserves in the world but lack of access to world markets means our oil is sold far below world prices. Each day, this captive market discount hands a $40-million gift to Americans. Adding insult to injury, the discount also drives tens of billions of dollars in Canadian…

Self-inflicted socialist wounds crippling Canada’s economy

Justin Trudeau has Canada headed toward another fiscal calamity, through a series of policy decisions that mimic his father’s misguided choices

Self-inflicted socialist wounds crippling Canada’s economyLike father, like son, the old adage goes. It’s never been truer than in the case of former prime minister Pierre Elliott Trudeau and his son Justin, Canada’s current prime minister. The parallels start with an ideological attraction to communism. Pierre was asked for his views on democracy and communism, and stated that a one-party…

Any pension fund fiasco is one too many

The plight of Sears pensioners has once again ignited calls for change but the federal government seems content to sit on its hands

Any pension fund fiasco is one too manyThe demise of Sears Canada has seen 16,000 employees lose their jobs. It’s unfortunate, but inevitable, as online giants Amazon and Alibaba transform the retail universe. But what shouldn’t be inevitable is the loss of pension benefits for those employees and another 18,000 Sears retirees. If the 2009 bankruptcy of tech giant Nortel is a…

The most irrational, damaging or downright dumb beliefs of 2017

A look back at 2017 shows far too many instances in Canada where we got it all wrong

The most irrational, damaging or downright dumb beliefs of 2017For my first column of the New Year, I’ve dipped into my collection of irrational, damaging or downright dumb happenings in 2017. The year saw major breakthroughs in the use of genetically-modified human cells to treat diseases, including retinal dystrophy and blood cancer. Human genetic re-engineering is an emerging science but there has been little…