Trans Mountain expansion approval embraced by oil patch

Construction expected to begin this year but analysts warn that it will take years to complete and open new markets

Trans Mountain expansion approval embraced by oil patchThe federal government’s approval on Tuesday of the multibillion-dollar Trans Mountain pipeline expansion project is being called a step in the right direction for Alberta’s economy. The Canadian Association of Petroleum Producers said the approval paves the way for Canada to start competing on the world stage. In a statement, CAPP said the approval “means…

Greenhouse gas emissions on the decline in Canada’s electricity sector

Electricity sector is playing in reducing Canada’s greenhouse gas emissions

Greenhouse gas emissions (GHG) in Canada’s electricity sector have declined by 34 per cent since 2005 and further reductions are expected, says the Conference Board of Canada in a new report released on Tuesday. “Canada-wide, the electricity sector is undergoing fundamental transformation. In each province, electricity generators are playing a leadership role in the move…

Canadian business owners feel depressed at least once a week: study

500 entrepreneurs surveyed

Canadian business owners feel depressed at least once a week: studyBeing a business owner isn’t easy at the best of times but it’s especially difficult these days. That’s evident in a new study released on Tuesday by the Canadian Mental Health Association (CMHA), supported by BDC (Business Development Bank of Canada). The study, Going it Alone: The mental health and well-being of Canada’s entrepreneurs, found that…

Too few businesses concerned about data breaches: survey

Consumers feel less confident than businesses that data security is taken seriously

Too few businesses concerned about data breaches: surveyCanadian businesses are failing to prioritize data protection and remain in denial of the consequences of a data breach, according to a report released Monday by Shred-It. The company’s Data Protection Report said Canadian businesses are overconfident in their approach to information security, yet consumers are more concerned than ever. “The findings of this year’s…

Further Trans Mountain delay says Canada closed for business: CAPP

If the project is not approved for summer construction, the federal government will hinder employment, innovation and technology development

Any further delays on the Trans Mountain Expansion Project will signal that Canada is closed for business, says the Canadian Association of Petroleum Producers in a statement issued on Monday in advance of the government of Canada's expected announcement on the project on Tuesday. The statement read: “The Trans Mountain expansion project must be approved…

Oil patch investment will continue to fall: CAPP

Pipeline constraints, a lack of market diversity and inefficient regulations are blamed

Oil patch investment will continue to fall: CAPPThe Canadian Association of Petroleum Producers says capital spending in the oil sands is set to decline for a fifth consecutive year this year as Canada’s oil sector continues to miss a significant opportunity to benefit from the global commodity price and finally receive fair market value for Canadian resources. In its 2019 Crude Oil…

Trade confidence dips to lowest level in seven years

Disruptive international trade policies have clearly shaken the confidence of Canadian exporters: EDC

Trade confidence dips to lowest level in seven yearsThe latest Trade Confidence Index from Export Development Canada (EDC) says trade confidence among Canada's exporters fell to its lowest level since the European debt crisis seven years ago. “Disruptive international trade policies have clearly shaken the confidence of Canadian exporters,” said Peter Hall, chief economist with EDC, in a news release on Thursday. “One-third of…

Canadians continue to hold high debt compared to disposable income

Household net worth rose 2.7% to $11,114 billion in the first quarter, according to StatsCan

Canadians continue to hold high debt compared to disposable incomeThe Canadian household credit market debt as a proportion of household disposable income remained at 177.6 per cent in the first quarter, as debt and income grew at similar rates. In other words, there was $1.78 in debt for every $1 of household disposable income, according to data released on Thursday by Statistics Canada. The…

Calgary’s Global Petroleum Show to include large rally

The 51st year of North America’s leading energy event takes place June 11 to 13 at Stampede Park

Calgary’s Global Petroleum Show to include large rallyThe Global Petroleum Show, which takes place next week in Calgary, will be the setting for what is being billed as the “Largest Oil & Gas Rally in Canadian History.” The rally, in partnership with Canada Action, will take place on Tuesday, June 11, at noon in the outdoor exhibit area near the Big Four…

Canadians not financially prepared to support aging parents

Survey also says less than one-in-three Canadians are familiar with helpful tax credits, grants and other financial tools

Canadians not financially prepared to support aging parentsA new survey indicates Canadians are not financially prepared to support their aging parents. The survey, commissioned by FP Canada and Chartwell Retirement Residences, found that many Canadians expect that providing financial support to their elderly parents will have a major impact on their personal finances. It also found than less than one-in-three Canadians say…
1 2 3 29