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Preparing For The Long Term Consequences In Texas And Western Canada
UPDATE: January 20, 2015. Target announced this week that it will be closing all 133 stores in Canada, including the Vernon and Kelowna stores. eliminating at least a couple of hundred local $10/hr...
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Norway Sovereign Wealth Fund Drops Coal and Tar Sands Investments
World’s biggest sovereign wealth fund dumps dozens of coal companies Norway’s giant fund removes investments made risky by climate change and other environmental concerns, including coal, oil sands,...
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Bank of Canada & OECD See Ever Widening Economic Impact of Oil Collapse
The Bank of Canada’s Spring 2015 Business Outlook Survey (link to complete report below) released this week, gives more reason for serious concern regarding the economic prospects for all Canada, and...
View ArticleAlberta Bitumen Bubble and The Canadian Economy: Industry Analysis Case Study
Over two years ago now, March 11, 2013, I published this mayo615 blog post on the Alberta bitumen bubble, and the budgetary problems facing Alberta Premier Alison Redford, and the federal Finance...
View ArticleNaomi Klein: Shocks, Slides and Shifts Make This The Perfect Time to Invest...
Imagine if Canada was implementing environmental policies like those proposed by one of its own, author & filmmaker Naomi Klein. What if Canada were to restore its historical image as a progressive...
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CNN Money: Canada's Economy Is A Disaster From Low Oil Prices
The evidence of a Canadian economic train wreck just keep rolling in. This report from CNN Money mentions last week’s Bank of Canada dismal report on the Canadian economy, and goes on to add additional...
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Iraq About To Flood Oil Market: More Grief Ahead For Canada
Underscoring Goldman Sachs forecast last week of oil prices at or below $50 per bbl until at least 2020, Bloomberg News is today reporting that Iraq is preparing to unleash a flood of new oil within...
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OECD Slashes Canadian Economic Forecast Yet Again
One day after federal Finance Minister Joe Oliver deflected concerns over Canada’s poor economic showing to start 2015, the OECD announced that it now projects Canadian growth this year at about 1.5...
View ArticleIMF report cuts growth outlook for Canada to 1.0 per cent for this year
OTTAWA – The International Monetary Fund has cut its growth outlook for the Canadian economy to just 1.0 per cent for the year, due to the drop in oil prices and reduced investment in the energy...
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Alberta Bitumen Bubble and The Canadian Economy: Revisiting My Industry...
Bitumen prices are low because the province has ignored at least a decade of warnings. Over five years ago now, March 11, 2013, I published this mayo615 blog post on the Alberta bitumen bubble, and...
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