Production in all primary energy sectors rises

And StatsCan says exports of crude oil and equivalent products increased in March

Production in all primary energy sectors risesProduction in all primary energy sectors rose in March compared with a year ago, according to data released Wednesday by Statistics Canada. And over the same period, exports of crude oil and equivalent products increased, while exports of natural gas and electricity decreased. The federal agency said production of crude oil and equivalent products rose…

Income grew fastest in provinces with large oil and gas deposits

StatsCan study over 66 years provides insight into which provinces experienced the most growth over three generations

Income grew fastest in provinces with large oil and gas depositsData released Thursday by Statistics Canada may be a couple of years old but it illustrates the importance of the oil and gas sector to the economies of several provinces. “According to a new study, from 1950 to 2016, real gross domestic income (GDI) per capita grew fastest in provinces with large oil and gas…

How to save Newfoundlanders from Muskrat Falls disaster

The hydroelectric project mess in Newfoundland and Labrador requires some hard choices. But taxpayers deserve and need some relief

How to save Newfoundlanders from Muskrat Falls disasterThe citizens and taxpayers of Newfoundland and Labrador received important news late in 2018: an autopsy of the horrific financial debacle at Churchill Falls and the beginning of an inquiry into the questionable new Muskrat Falls hydroelectric project. The long legal battle has ended over the Joey Smallwood era’s unprofitable Churchill Falls contract, which the…

Joey Smallwood’s campaign to transform Newfoundland

Force-feeding economic modernization is a tricky business, even for a Father of Confederation

Joey Smallwood’s campaign to transform NewfoundlandAfter leading the 1940s movement to bring Newfoundland into Confederation, Joey Smallwood went on to win six consecutive elections and served as the province’s premier for just shy of 23 years. It’s not the longest run for a provincial premier – Nova Scotia’s George Murray, Alberta’s Ernest Manning and Ontario’s Oliver Mowat edge Smallwood on…

70 years later, examining Newfoundland’s slim Canada option

At the heart of the decision to join Confederation was Joey Smallwood’s use of sectarian politics

70 years later, examining Newfoundland’s slim Canada optionMarch 31 marks the 70th anniversary of Newfoundland joining Canada, a significant historical milestone in and of itself. It also facilitated the ascendancy of one of the 20th century’s most colourful Canadian politicians – Joey Smallwood. Newfoundland took a pass on the original 1867 Confederation, opting to remain with the arrangement that had been in…

Canadian crude oil production on the rise

Exports on the rise to U.S. and elsewhere: StatsCan

Canadian crude oil production on the riseCanadian production of crude oil and equivalent products totalled 264.6 million cubic metres in 2018, up 8.5 per cent from the previous year, according to Statistics Canada. The federal agency reported on Monday that non-upgraded production of crude bitumen (+12.7 per cent) was the main contributor to the overall rise. Since January 2016, the average…

Universal health care in Canada? Not really

If you move from B.C. to Newfoundland, for example, you're likely to be denied coverage

Universal health care in Canada? Not reallySt. John’s sees the sunrise 4.5 hours before Victoria. This means Newfoundlanders are the first to see the light and British Columbians are the last. Unfortunately, some who leave the West Coast to study on the Rock get an unwelcome surprise. Students who arrive from other provinces are denied health coverage, as are their dependents…

Alberta leads the way in crude oil production increase

Statistics Canada said exports of crude oil and equivalent products increased 10.7% from the same month a year earlier

Alberta leads the way in crude oil production increaseCanada produced 23.1 million cubic metres (145.6 million barrels) of crude oil and equivalent products in October, up 13.2 per cent from the same month a year earlier, according to Statistics Canada. The federal agency said on Friday that Alberta produced 19.3 million cubic metres of crude oil and equivalent products in October, an increase…

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…
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