Imports to Alberta hit $47 billion in 2018

Almost 75% of last year’s imports originated in the U.S. Asian countries accounted for 11% and 10% came from European countries

Imports to Alberta hit $47 billion in 2018Merchandise imported by Alberta businesses in 2018 rose by nearly seven per cent from 2017, reaching just over $47 billion, according to Statistics Canada data. In a report released Thursday, ATB Financial’s Economics & Research Team cited StatsCan’s research showing that 21,154 businesses in Alberta bought $47.2 billion worth of goods last year. That was…

Canada still world’s preferred supplier of oil, natural gas: survey

Canada's oil and natural gas industry should play a major role in meeting global energy demand: CAPP

Canada still world’s preferred supplier of oil, natural gas: surveyThe world wants Canadian oil and natural gas, according to an updated international research survey by Ipsos, conducted on behalf of the Canadian Association of Petroleum Producers (CAPP). In the 2019 Global Energy Pulse, a follow up to its 2017 survey, Ipsos found respondents from 31 countries chose Canada as their No. 1 oil and…

Canadian trade balance reaches more than $1 billion deficit in July

Canadian trade balance reaches more than $1 billion deficit in JulyCanada's merchandise trade balance with the world went from a slight deficit of $55 million in June to a $1.1-billion deficit in July, says Statistics Canada. The federal agency reported on Wednesday that imports rose 1.2 per cent in July, while exports fell 0.9 per cent. “Following a 4.0 per cent decrease in June, total…

Canadian drugs can’t cure deadly U.S. shortages

Canada can’t even keep itself stocked with necessary medication and falls far short when it comes to research spending

Canadian drugs can’t cure deadly U.S. shortagesCrippling drug prices in the United States have brought even Democratic presidential candidate Bernie Sanders and President Donald Trump together: they both favour drug imports from Canada to ease the pain. Vermont, Sanders’ home state, has approved this for state programs and 16 states are queuing up to follow suit. The proposal is seductive, a…

Don’t fear the reaper: Recession

What’s a recession going to do to the East Coast? Reap what’s left in our mattresses and sock drawers?

Don’t fear the reaper: RecessionOh, Recession. So there you are. For months, you’ve been rattling about my back door knocking over rubbish bins like a starving raccoon at night. The sun’s up now. No need to be coy. “The escalating trade war between the U.S. and China is nudging the world economy toward its first recession in a decade…

U.S. visa change creates roadblock for Canadian workers

U.S. visa change creates roadblock for Canadian workersCanadian business travellers hoping to work in the U.S. face significant delays, apparently as fallout from that country’s America First executive order. The problem arises for Canadian workers who hold an L-1 visa. That specialized document is required for foreign nationals working for U.S. employers in specific daily business operations, typically managerial and executive positions.…

Canadian trade balance surplus weakens as energy exports decrease

Canadian trade balance surplus weakens as energy exports decreaseCanada’s merchandise trade balance remained in a surplus position in June, settling at $136 million after posting a $556 million surplus in May, according to Statistics Canada. The federal agency reported Friday that the narrow surplus in June represented 0.1 per cent of total monthly merchandise trade and is within the typical margins for revisions…

The compelling case for selling Canada’s water to the U.S.

Americans need water and we have it. Canadians should begin to look at water as a commodity – the blue gold that it is.

The compelling case for selling Canada’s water to the U.S.“Water is more valuable than oil.” Former U.S. President George W. Bush Canada exports huge quantities of water to the United States and all over the world. As the world’s fifth largest exporter of agricultural products – which are composed mainly of water – huge amounts of Canadian water leave the country every day. Whole…

Canadian trade balance reaches surplus again

In volume terms, exports increased 4% and imports were up 1.2%, said StatsCan

Canadian trade balance reaches surplus againCanada's merchandise trade balance with the world was in a surplus position in May for the second time since December 2016, says Statistics Canada. The federal agency reported on Wednesday that the $762-million surplus in May followed a $1.1-billion deficit in April as exports rose 4.6 per cent in May, in part due to an…