Who will blink first in crude oil crisis?

For four years, the U.S. has firmly rejected joining the producers’ club to curb output. It can’t remain aloof any longer

Who will blink first in crude oil crisis?Energy diplomats are on overdrive, seeking to bring an end to the senseless global crude oil war. Russia and Saudi Arabia have flooded the market, driving down oil prices. A G20 virtual meeting of energy leaders is being urged, with International Energy Agency executive director Fatih Birol reportedly propelling the idea. Former U.S. Energy Information…

Oil and gas sector critical to Canada’s economy

The COVID-19 crisis can’t be used as an excuse to kill one of Canada’s largest, best-paying industries, which benefits us all

Oil and gas sector critical to Canada’s economyMark Milke and Lennie Kaplan Canadian Energy Centre While the world grapples with the COVID-19 pandemic and an economic downturn, anti-energy activists have spotted an opportunity: to kill off Canada’s oil and gas industry – the one that provides hundreds of thousands of jobs and hundreds of billions of dollars in tax revenues to governments.…

Oil glut, COVID-19 crisis punishing world crude prices

With demand and supply shock acting simultaneously, crude markets are imploding. And this is just the tip of the iceberg

Oil glut, COVID-19 crisis punishing world crude pricesThe global oil war is on and no one seems to be blinking. Saudi Arabia is set to increase its crude oil exports in May by about 600,000 barrels per day (bpd), bringing its total petroleum exports to 10.6 million bpd, an official at the Saudi Arabian Energy Ministry told the Saudi Press Agency. Russia…

Canada mishandling mental illness crisis

Thousands of patients are on wait lists. Meanwhile, the human and economic costs of mental illness keep rising

Canada mishandling mental illness crisisFor the past decade, Bell Canada has used the month of January to support awareness of mental health issues. Its extensive media campaigns have encouraged Canadians to talk openly about mental health and break the uncomfortable stigma that still tends to hover over such conversations. There’s plenty of data to document the prevalence of Canada’s…

Municipalities, utilities on the front lines of extreme weather

Smart Energy Communities are not only more resilient, they also create new opportunities for local economic development, lower energy costs and a cleaner environment

Municipalities, utilities on the front lines of extreme weatherBy Aida Nciri and Eddie Oldfield QUEST Canadian municipalities and energy utilities are on the front lines of the impacts of climate change. A recent report by the Insurance Bureau of Canada highlights the financial costs of climate change, with insured damage for severe weather events reaching $1.3 billion in 2019. Of the top 10…

Consumer trust in agriculture is waning

Organized, well-funded groups condemning farming practices on social media are winning the consumer trust battle

Consumer trust in agriculture is waningThe public uses social media every day to express concerns about farming practices. And it’s getting worse. Farmers are criticized for a variety of reasons – for example their environmental stewardship and their ethical behaviour in how they treat livestock. In survey after survey, Canadians generally say they trust farmers, regardless of headlines, social media…

Municipalities must take the lead in getting the lead out

The astonishing levels of lead in Canada’s drinking water requires action. That means taking simple measures at the local level, aided by federal incentives

Municipalities must take the lead in getting the lead outBy Paz Gómez Research Associate Frontier Centre for Public Policy Canadians have been exposed to a silent health hazard for more than 40 years: high levels of lead in tap water. Although a clear case of municipal mismanagement, Toronto shows the issue can be handled at the local level with minimal federal oversight – given…

Rethink restrictions on private health insurance

Rethink restrictions on private health insuranceIn its sole reliance on government providing first-dollar coverage of medically necessary services, Canada’s health-care system is unique among high-income countries with universal health care. It also offers inferior service as a result. Virtually all high-income countries – including Australia, Germany, Switzerland and the Netherlands – allow residents to use private insurance to pay for…

Trudeau tax relief plan will do little for economic growth

Trudeau tax relief plan will do little for economic growthBy Jake Fuss and Finn Poschmann The Fraser Institute According to a Parliamentary Budget Officer (PBO) report released this week, the federal government’s plan to increase the basic personal income tax deduction will cost nearly $7 billion annually when fully implemented. This is not only higher than what the Liberals anticipated during last fall’s election…

Natural resources GDP on the decline in Canada

Oil sands extraction declined largely because of shutdowns and maintenance of some production facilities. Crude oil extraction also falls

Natural resources GDP on the decline in CanadaThe natural resources sector in Canada continues to be challenged. A new report released Friday by Statistics Canada said real gross domestic product (GDP) of the natural resources sector fell 2.2 per cent in the third quarter, following a 2.8 per cent rise in the second quarter.  The federal agency said the decline was largely…

Third of Canadians face some degree of financial stage fright

Households with an average income of $50,000 worry twice as much (2.25 hours) a day than households with an average income of more than $100,000

Third of Canadians face some degree of financial stage frightThere’s no question that Canadians these days are worrying a lot more about their personal finances, according to new surveys from Scotiabank. The surveys indicate 65 per cent of Canadians with debt struggle to save or invest money while paying down debt and 67 per cent said they find the amount of information about investing overwhelming.…

Energy production in Canada declining, says StatsCan

Alberta produced 18.3 million cubic metres of crude oil and equivalent products in October, down 4.9 per cent

Energy production in Canada declining, says StatsCanEnergy production in Canada declined in several sectors in October 2019, compared with the same month in 2018, according to Statistics Canada. The federal agency said production of crude oil and equivalent products (-1.7 per cent), natural gas (-1.3 per cent), and coal (-9.3 per cent), as well as electricity generation (-3.3 per cent) declined…

Oil/gas provinces dominate Canadian labour productivity

Oil/gas provinces dominate Canadian labour productivityAlberta had the second highest level of labour productivity in 2018 among the provinces ($78.50 per hour) after Saskatchewan ($79.90) and just ahead of Newfoundland and Labrador ($76.90), according to ATB Financial’s Economics & Research Team. Productivity for Canada as a whole was $59.40 per hour. In its daily economic update, The Owl, ATB said…

Gigging it in the free world

The gig economy is gaining traction, for better or worse. Who needs benefits or job security when you can work on a high wire?

Gigging it in the free worldAre you weary of your reliable job? Do your paid vacation, company pension plan and full medical coverage leave you cold? Are you pining for the sort of precarious work that only self-employment can promise? Well, friend, you’ve come to the right place. Here, at GigsRUs, we won’t bore you with bromides about workplace security,…

Tear down Canada’s interprovincial trade walls

The annual national price tag for maintaining internal barriers may top $130 billion

Tear down Canada’s interprovincial trade wallsInterprovincial free trade, the lowest hanging fruit on the tree of Canadian economic policy, never fails to raise the federal government’s thirst for marvellously empty rhetoric, especially during the toastmaster circuit of every election cycle. So it was earlier this year when New Brunswick’s very own Dominic LeBlanc – minister of Intergovernmental and Northern Affairs…