Schachter’s Eye on Energy for February 2, 2022
Each 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 newsletter covering the general energy market and 30 energy, energy service and pipeline &...
Erin O’Toole ousted as leader of the Conservative Party
A majority of Conservative MPs have voted to remove Erin O’Toole as party leader. Three sources have confirmed to the National Post that 73 MPs voted against O’Toole and 45 voted in favour. The decision was made on Wednesday morning during a virtual meeting. Caucus...
Lumber prices crash 30% in 2 weeks as rising mortgage rates take some heat out of US housing market
Lumber prices have plummeted 30% over the past two weeks as the housing market cools down. A surge in mortgage rates contributed to a decline in pending home sales last month, according to the National Association of Realtors. Lumber is still facing supply chain...
Canadian economy back to pre-pandemic levels in November: StatsCan
Canada’s real gross domestic product (GDP) increased 0.6% in November 2021, Statistics Canada announced February 1, lifting GDP 0.2% higher than it was in February 2020 – before the pandemic took its toll on the economy. This was the sixth consecutive monthly...
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