Canada missing out on shale revolution

Shale-gas policy changes, followed by investments across the country, would turn Canada into an international leader in the transition towards clean energy

Canada missing out on shale revolution“It takes real skill to derail an industry where Canada has so many competitive advantages,” writes Rick Rule regarding energy markets. The chief executive of Sprott US Holdings, a natural-resource brokerage, says the barrier is politics, while Canadian firms, technology and geology are top tier. Fortunately, policy can change and Canada can lead clean-energy production.…

The tables have turned in the climate change debate

Work on risk assessment, and policy choices that follow, needs to be examined with a more realistic eye

The tables have turned in the climate change debateNow that the federal election is over, the government of Justin Trudeau (perhaps now in closer concert with parties across the aisle) will continue its climate policy program. It’s therefore worth noting the recent tragic death of Harvard economist Martin Weitzman has underscored his work on climate risk assessment, which many climate activists use to…

Sluggish investment threatens Canada’s prosperity

The only way to raise living standards and incomes for Canadians is by building a more productive economy. Yet politicians are mum on the subject

Sluggish investment threatens Canada’s prosperityThe recent federal election campaign saw much discussion about climate change, energy policy, housing, the social safety net, and the well-being of the never-defined “middle class.” One subject that was ignored by both the media and those seeking office was productivity. That’s unfortunate and somewhat puzzling. After all, in the long term the only way…

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…

Is Canada just a good place to be from?

We were once the envy of the world. Now, talented young people and entire businesses are leaving for better prospects elsewhere

Is Canada just a good place to be from?I think Canada is the best country in the world. I’ve always lived here but I’ve travelled extensively. Most people from other countries seem to share a positive opinion of Canada, though a few who live close the equator think of Canada as ‘instant popsicle.’ Climate aside, Canada is seen as a haven of freedom,…

Canadians to rein in Christmas spending this year

Equifax Canada survey found women were more likely to say they would spend significantly less

Canadians to rein in Christmas spending this year(Troy Media) - As people prepare for the Christmas shopping onslaught with Black Friday just around the corner, a survey released on Monday suggests the majority of Canadians will spend less on holiday gifts this year. The survey by Equifax Canada said 55 per cent of Canadians will be keeping a tighter grip on their…

Second-hand economy grows to $27.3 billion

Kijiji index reveals a shift in consumer motivations towards ‘community-minded commerce’

Second-hand economy grows to $27.3 billionBy Troy Media Four out of five Canadians participated in the second-hand economy in 2018, fuelling a $27.3 billion second-hand economy that has grown annually since 2015, according to the fifth annual Kijiji Second-Hand Economy Index, released on Monday. The company said the index reveals a shift in consumer motivations towards “community-minded commerce,” with Canadians…

Canadian energy production on the decline

StatsCan said crude oil delivered by pipelines to Canadian refineries was up 9.1% to 8.6 million cubic metres

Canadian energy production on the declineEnergy production in Canada declined in several sectors in August compared with the same month in 2018, according to Statistics Canada. The federal agency reported on Monday that production of crude oil and equivalent products (-2.4 per cent), natural gas (-4.8 per cent) and coal (-5.2 per cent), as well as electricity generation (-3.6 per…

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…

Canadian economy edges up in August

Canadian economy edges up in August(Troy Media) - Canada’s real gross domestic product (GDP) edged up 0.1 per cent in August, following no change in July, according to Statistics Canada. In a report released on Thursday, the federal agency said goods-producing industries were up 0.2 per cent after two months of declines, led by a rebound in manufacturing, while services-producing industries…

Alberta lashes out at feds over Encana move

Move still requires shareholder, stock exchange and court approval but it is expected to take place in early 2020

Alberta lashes out at feds over Encana moveAlberta's Energy Minister lashed out at the federal Liberal government Thursday, blaming its policies for the decision by energy giant Encana Corporation to move its corporate headquarters to the United States and change its name to Ovintiv Inc.  The Calgary-based company said the move still requires shareholder, stock exchange and court approval but it is…

Local taxes suck the life out of many businesses

Property tax imbalance erodes political accountability, discourages business investment and ultimately hurts employment

Local taxes suck the life out of many businessesBy Josef Filipowicz and Steven Globerman The Fraser Institute In many cities and towns across Canada, residential properties are increasing in value, while some local businesses are struggling to survive. There are different reasons for this development, including factors well beyond our borders. But in most of those municipalities, business property tax rates are higher…

Liberal minority fuelling uncertainty in the energy sector

What will it mean for potential pipeline expansion? What about the economy?

Liberal minority fuelling uncertainty in the energy sectorThe election of a Liberal minority in Monday night’s federal election is fueling a number of questions now in the energy sector and for Canada’s economy. What will this mean for the oilpatch? What will it mean for potential pipeline expansion? What about the economy? “The biggest question mark with this election outcome is for…

Economic growth should be a key election topic

Prolonged slow economic growth begets social and political turmoil, as the expectations of many for a better standard of living are frustrated

Economic growth should be a key election topicIn this federal election campaign, the parties have proposed numerous taxpayer-funded programs to address various ostensible social problems. But no major party has made economic growth a significant focus of its election campaign. The social problem areas cited include unaffordable education from preschool to post-secondary, a tax system that’s insufficiently progressive and provides too many…
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