British Columbia may axe deep well credits for oil and gas
10/08/2021 11:06 AMRoyalties and tax credits for B.C.’s oil and gas industry are outdated, piecemeal, complex, and don’t provide the societal benefits that they should, according to an independent assessment by two public policy and energy experts commissioned by the B.C. government to...
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Tesla moves headquarters from California to Texas
10/08/2021 10:26 AMTesla is moving its headquarters from Palo Alto, California, to Austin, Texas, CEO Elon Musk announced at the company’s shareholder meeting on Thursday. The meeting took place at Tesla’s vehicle assembly plant under construction outside of Austin on a property that...
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Canada returns to pre-pandemic employment levels
10/08/2021 10:20 AMCanada has recovered all of the roughly three million jobs lost to COVID-19. The country’s economy added 157,100 jobs in September, returning the labor market to pre-pandemic levels, Statistics Canada said Friday in Ottawa. That compares with economists’ expectation...
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All the Metals We Mined in One Visualization
10/08/2021 10:00 AMMetals are all around us, from our phones and cars to our homes and office buildings. While we often overlook the presence of these raw materials, they are an essential part of the modern economy. But obtaining these materials can be a complex process that involves...
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Global Stagflation Reminiscent Of The 1970s Is Forming, And It’s Bad News: National Bank
10/07/2021 11:04 AMDust off the disco ball and rolled up dollar bills, because the 1970s are back. At least the signs of 70s-style stagflation are forming, according to one of Canada’s Big Six banks. National Bank of Canada (NBC) chief economist Stéfane Marion warned clients of the...
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These are the 3 main drivers behind bitcoin’s 35% rally over the past week, according to JPMorgan
10/07/2021 10:48 AMBitcoin has staged an epic rally since its lows near $40,000 in late September, surging almost 35% and easily passing by key technical resistance levels. Driving bitcoin's surge past a $1 trillion market valuation are are range of factors, including increased appetite...
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Recession ‘virtually guaranteed’ amid energy squeeze: David Rosenberg
10/07/2021 10:22 AMDavid Rosenberg said its growing increasingly likely Canada will fall into a period of recession in the near-term as the headwinds against the economy continue to stack up. “Compounding all the other issues on the supply side globally is this energy squeeze we’re...
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Vancouver’s war on car owners set to shift into overdrive in 2022
10/06/2021 12:11 PMThe City of Vancouver’s incessant guerilla assault on car and truck owners has taken on many shapes over the years. But 2022 offers the prospect of an inflection point, from a period of annoyance to one of absurdity. A proposal before the city’s council this week...
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Schachter’s Eye On Energy – October 6th
10/06/2021 10:47 AMEach week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold (SER) newsletter covering the general energy market and 30 energy, energy service and pipeline &...
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Conference Board CUTS Canada Growth Forecast
10/06/2021 10:17 AMThe Conference Board of Canada released its two-year economic outlook and forecasts that Canada’s real gross domestic product (GDP) will grow 5.1 per cent in 2021. Our projection for the year is down from previous estimates largely because the Canadian economy...
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