Capital expenditures in Canadian oil patch plunge 58% from 2014

ATB report blames the decline on the completion of major projects and the dramatic oil price differential

Capital expenditures in Canadian oil patch plunge 58% from 2014The news from the oil patch continues to raise concerns across Alberta and Canada. The latest is the revelation that capital expenditure in the oil patch, a driving force of the national and provincial economies, is falling again. ATB Financial’s Economics & Research Team on Thursday released data from Statistics Canada indicating that there were “whispers…

Crude oil and equivalent products production up 9.6%

Alberta (82.6%), Saskatchewan (10.3%) and Newfoundland and Labrador (4.7%) accounted for the vast majority of Canadian production

Crude oil and equivalent products production up 9.6%Canadian production of crude oil and equivalent products continued at a robust pace in August as production totalled 23.6 million cubic metres (148.6 million barrels), up 9.6 per cent compared with the same month in 2017, says Statistics Canada. And Alberta produced a record 19.5 million cubic metres of crude oil and equivalent products in…

Basic subject knowledge best way to improve reading skills

Reading is not just about decoding individual words. In order to read effectively, you must also understand what you’re reading

Basic subject knowledge best way to improve reading skillsLast year, Newfoundland and Labrador’s government published a roadmap to better government in the future, with the title The Way Forward. This ambitious document outlines how the government plans to modernize the public sector, build its economy for a sustainable future, and improve educational outcomes. Earlier this year, the provincial government released its Education Action…

School choice a good first step to quality education in Atlantic Canada

Adopting the Alberta charter school model would give parents and children more choice and allow them to enjoy the benefits of competition

School choice a good first step to quality education in Atlantic CanadaCanadians experience the enormous economic benefits of competition daily. For most consumer goods, over time, Canadians pay less and get more. Businesses compete to offer customers the best products at the lowest prices; those with offerings that consumers judge unsatisfactory are eventually forced to go out of business. As long as there’s competition, consumers are…

Integrate Canada’s forgotten Indigenous into the urban mainstream

We need to follow the example set by New Zealand, which gave the Māori the help they needed, while allowing them to preserve their culture

Integrate Canada’s forgotten Indigenous into the urban mainstreamIn 2013, the people of the small outport community of Little Bay Islands, N.L., had to make a very emotional decision. The local economy had completely dried up. The crab processing plant had closed and the community was far away from government public services. Looking at its bleak prospects, the people of the small community…

Canadian oil production on the upswing

Alberta (80.9%), Saskatchewan (10.7%) and Newfoundland and Labrador (5.9%) accounted for the vast majority of Canadian production of crude oil and equivalent products

Canadian oil production on the upswingCanada produced 21.8 million cubic metres (137.3 million barrels) of crude oil and equivalent products in May, up 13.5 per cent from the same month a year earlier, according to Statistics Canada. The federal agency said on Monday that non-upgraded production of crude bitumen (+22.8 per cent) was the main driver for the increase of…

Federal carbon tax seems destined to fail

P.E.I. has added itself to the list of carbon tax opponents, following Premier Doug Ford of Ontario. And the list is growing

Federal carbon tax seems destined to failIf there ever was a federal carbon tax consensus in Canada, it's now dissolving. Rumours of its death have been floating for some time, but the recent Prince Edward Island announcement rejecting it has the feel of an unofficial invitation to its wake. Did the smallest provincial jurisdiction in the country kill Prime Minister Justin…

Canada wins if the globe warms but we must be ready

If the Earth warmed as much as models say, the increase in Canada's arable land would be an area two times the size of Quebec

Canada wins if the globe warms but we must be ready“Why can’t Al Gore be right?” asked my friend as we suffered another bitter Canadian winter. Intolerable Januaries aside, global warming alarmists suggest we should be happy if global warming doesn’t occur. But that may not be the case, especially for Canadians. A recent scientific analysis says that if climate models are correct, Canada could…

Oil prices expected to decline in the coming months

The latest forecast from Deloitte cites increased OPEC output and slipping international demand for oil

Oil prices expected to decline in the coming monthsGlobal oil prices are expected to recede in the coming months after reaching their highest values since 2014. The latest forecast from Deloitte’s Resource Evaluation and Advisory group says that as Organization of Petroleum Exporting Countries (OPEC) increase output and international demand for oil declines in the second half of the year, prices will fall. The…

Flu pandemic of 1918 brutal, virulent killer

One hundred years ago, a flu pandemic swept across the world, killing tens of millions of people, particularly those in the prime of life

Flu pandemic of 1918 brutal, virulent killerFrom the wet and windswept northwest of Ireland to rural southwestern Ontario, the flu pandemic of 1918 to 1920 was remorseless. My mother and my wife’s father lost siblings to an illness where death might come within 24 hours of first symptoms. And sometimes it was particularly brutal. Historian John Barry has described it this…
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