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Showing results for tags 'Alberta'.
With Trudeau squashing Northern Gateway and the fate of Keystone in the hands of the next US President (or so it seems), the latest focus has been on Energy East which will see a revitalization of the pipeline that will carry oil from Alberta and Saskatchewan to the refineries in NB thus creating more domestic oil products. However, in the news as of late Montreal Mayor Denis Coderre and local Montreal area mayors have come out against the pipeline due to environmental concerns. http://www.cbc.ca/news/canada/montreal/montreal-mayor-denis-coderre-energy-east-opposition-1.3413117 This was
http://www.breitbart.com/big-government/2015/08/20/alberta-oil-companies-hemorrhage-cash-after-ndp-tax-hike/ So the "environmentalist" (i.e. "pro-science" Luddites) NDP seizes control in Alberta due to faux conservative prior leadership, and now massive profits have turned into massive losses. Well, at least now Alberta's NDP has an extra billion dollars laying around with which to purchase votes - which is what it's all about.
From the Progressive Economics Forum: A background study for the latest IMF report on Canada (see pages 42 to 51) adds further weight to the argument that the rise in the exchange rate of the Canadian dollar, driven in large part by high commodity prices, has underpinned a sharp decline in the US market share of Canadian manufacturers since 2000 and a major shift in the composition of Canadian exports from manufactured goods to energy and minerals. This report notes that China has taken market share in the US at the expense of Canadian manufacturers without underlining the fact that China’s