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…

Tracing the roots of a Calgary tracer technology success

Todd Dyer of Isotopes Canada talks about being a solution-provider through innovation for the energy industry

Tracing the roots of a Calgary tracer technology successTodd Dyer is president and CEO of Isotopes Canada. What is Isotopes Canada and what does it do? Dyer: We’re a Canadian-owned, privately-held tracer technology company based in Calgary. All our staff, office and lab are in the city and all our laboratory work is done right here in Calgary. The services we provide include…

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…