Canadian economy will stall in 2020

The next two years will probably bring feeble increases in GDP, in line with 2019’s uninspiring performance. Job creation is likely to decelerate

Canadian economy will stall in 2020As the clock winds down on 2019, it’s time to ponder what the coming year may have in store for the Canadian economy. To provide some context, 2019 hasn’t been a great year for the economy, with inflation-adjusted gross domestic product (GDP) expanding by around 1.6 per cent. This was less than growth in both…

Alberta sees uptick in wholesale trade sector

Alberta sees uptick in wholesale trade sectorFollowing two consecutive declines, wholesale sales in Alberta increased 1.9 per cent to $6.9 billion in September primarily as a result of higher sales in the machinery, equipment and supplies subsector, says Statistics Canada. The federal agency reported Monday that subsector rose by six per cent to $2.2 billion. “While all industries within this subsector…

Clean, timely Brexit good for Britain and Canada

It’s time to open up trade. Even the EU accepts that 90% of global growth will take place outside its group over the next 15 years

Clean, timely Brexit good for Britain and CanadaNo other time in the recent history of British politics has been so turbulent. But the United Kingdom needs to stay the Brexit course. Prime Minister Boris Johnson has been accused of lying to the Queen by a Scottish court, the Conservative government has lost its majority and kicked out 21 rebel Tory MPs, opposition…

Canadian merchandise trade deficit narrows

Canada's exports rose 1.8% in August, mainly due to an increase in exports of energy products and aircraft

Canadian merchandise trade deficit narrowsCanada’s merchandise trade deficit narrowed from $1.4 billion in July to $955 million in August, according to Statistics Canada. The federal agency said on Friday that Canada's exports rose 1.8 per cent in August, mainly due to an increase in exports of energy products and aircraft. Imports were up 1.0 per cent, mostly on higher…

Alberta boosts crude oil production

Pipelines delivered 8.9 million cubic metres of crude oil to Canadian refineries and upgraders in July, up 15%

Statistics Canada says the production of crude oil and equivalent products rose in July to the highest level so far this year. In a report released on Friday, the federal agency said production was up 2.2 per cent to 23.2 million cubic metres (145.8 million barrels).  “The increase was attributable primarily to synthetic crude oil…

Farm industry upheaval brings a way of life to an end

Prairie towns and villages are becoming relics of the past. Formerly bustling main streets are lined with boarded-up businesses, inhabited by aging retirees who carry the memories of a bygone era

Farm industry upheaval brings a way of life to an endWhat do you think is Canada’s riskiest business? Childhood on our family farm taught me the answer to that question. Despite years of heartbreaking disappointments, my father was a perfect example of the adage “hope springs eternal.” Each spring, he would sing happily on our tractor while seeding wheat, barley and oats. Then we hoped…

China threatens Hong Kong’s economic, personal freedoms

The rule of law and its protection of property form the bedrock of economic freedom, but pressures from mainland China put those attributes in peril

China threatens Hong Kong’s economic, personal freedomsBy James Gwartney and Fred McMahon The Fraser Institute In the Fraser Institute’s latest Economic Freedom of the World ranking, Hong Kong again tops the list as the world’s freest economy. It has occupied this position almost without exception through the past half century – but will it remain there? The foundation for Hong Kong’s…

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…