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Unread postPosted: December 7th, 2019, 5:14 am 
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Herman wrote:
Fashionista wrote:
Herman wrote:
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We'll never have to worry about a pipeline being built while Justin Trudeau is prime minister.

Or national unity, lower taxes, economic growth or enforcing or immigration laws/securing our borders.

I guess Eastern Canadians don"t care about those things.


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Unread postPosted: December 7th, 2019, 12:20 pm 
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Fashionista wrote:
Herman wrote:
Fashionista wrote:
Herman wrote:
Image

We'll never have to worry about a pipeline being built while Justin Trudeau is prime minister.

Or national unity, lower taxes, economic growth or enforcing or immigration laws/securing our borders.

I guess Eastern Canadians don"t care about those things.

Let the bums freeze in the dark.

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Unread postPosted: December 7th, 2019, 1:38 pm 
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Herman wrote:
Fashionista wrote:
Herman wrote:
Fashionista wrote:
Herman wrote:
Image

We'll never have to worry about a pipeline being built while Justin Trudeau is prime minister.

Or national unity, lower taxes, economic growth or enforcing or immigration laws/securing our borders.

I guess Eastern Canadians don"t care about those things.

Let the bums freeze in the dark.

Us Central Canadians?

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A claim for equality of material position can be met only by a government with totalitarian powers. Friedrich August von Hayek


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Unread postPosted: December 7th, 2019, 4:46 pm 
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A relatively small proportion of immigrants into Canada are highly likely to contribute to developing new technologies (scientists, engineers etc.), and therefore improve Canada's productivity. But even importing too many skilled workers can be detrimental. For example, Canada’s medical schools are atrophying due to easy access to foreign physicians.
https://nationaleconomicseditorial.com/ ... 5zzl96m4ic

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Unread postPosted: December 7th, 2019, 5:21 pm 
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seoulbro wrote:
Herman wrote:
Fashionista wrote:
Herman wrote:
Fashionista wrote:
Herman wrote:
Image

We'll never have to worry about a pipeline being built while Justin Trudeau is prime minister.

Or national unity, lower taxes, economic growth or enforcing or immigration laws/securing our borders.

I guess Eastern Canadians don"t care about those things.

Let the bums freeze in the dark.

Us Central Canadians?

You guys voted for Justine.

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prairie redneck.


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Unread postPosted: December 21st, 2019, 10:04 am 
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Failed provincial and federal Liberal party energy policies are responsible for outsourcing Ontario's auto sector.

Premier ‘hopeful’
Ford’s Christmas wish list includes another auto plant


Premier Doug Ford better be hoping that Santa is good to him and Ontario this Christmas.

In the wake of GM shutting down its auto assembly operations in Ontario this past week — after more than 100 years of production — the province desperately needs some good news for our auto sector.

“I’m hopeful,” Ford said Monday during an exclusive interview with the Sun.

I had asked him about the future of the auto industry in Ontario and whether we would be getting a new assembly plant in the near future.

“I just got off the phone with the CEO of Magna two days ago, he has some great announcements he’s bringing forward,” Ford said. “We’re going to continue to drive efficiencies to make sure that we’re competitive when it comes to building automobiles.”

That’s all well and good and I have no doubt the Premier and his staff are working hard to secure something, but it’s been more than a decade since Ontario landed a new auto plant and the possibility of more shutdowns in Windsor, Brampton or even Oakville always leave workers, union executives and politicians sleepless at night.

A study published by Liberal friendly think tank The Mowat Centre in 2014 showed Ontario lost more than 300,000 manufacturing jobs during the early years that the previous Liberal government was in power. We can only imagine the numbers have grown since then.

Some of those jobs were in the automotive sector, others in the wider manufacturing sector. One of the major problems facing Ontario in attracting, or even keeping, manufacturing jobs is that we have become uncompetitive in one key area — energy prices.

That’s something Ford says remains his biggest struggle.

“Energy,” Ford said, when asked which file causes him the most grief. “It’s a real challenge.”

“We have to be creative but make sure those rates come down, especially when it comes to business,” he said.

That could go a long way toward helping attract a new auto assembly plant, something the government has made a priority.

Last January, Ford headed to Detroit for one of the biggest auto shows in the world as he tried to convince automakers to set up shop in Ontario.

“We want to bring manufacturing back to Ontario,” Ford told me at the time.

Of course that statement came just weeks after GM announced they would be shutting down. The government was in a bit of a panic.

A short time later they released their strategy for the auto sector, which included job training, the reduction of regulation and the landing of a new auto assembly plant. Since then, ministers have been around the world selling Ontario as a place to set up shop.

That includes visits to places like Korea — home of Hyundai and Kia — and India where Tata Motors is a major player. None of those manufacturers have facilities in Ontario and landing even one of them would be a major development for the industry.

“Our number one selling feature is our people — we have some of the brightest people in the world right here in Ontario,” Ford said earlier this week at his office at Queen’s Park.

People will always be a major selling feature but the cost of doing business is about more than the people you hire. There is the cost of energy, which Ford has some control over, and the lower dollar, which he has no control over.

The new NAFTA deal, soon to be ratified by all three countries, could help land a new assembly or even new parts facilities. The deal calls for the proportion of parts in a vehicle manufactured here to rise from 62.5% North American made parts to 75% — and the list of parts will be updated as well.

Now is Ontario’s time to strike, to show that the province is open for business and to land new assembly and parts plants. So let’s hope Premier Ford and his ministers have Santa on their side as they try to land a deal.

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A claim for equality of material position can be met only by a government with totalitarian powers. Friedrich August von Hayek


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Unread postPosted: December 21st, 2019, 10:09 am 
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And the economic indicators in Trudeau's Canada just keep getting worse.

Canadian retail sales decline

Ottawa — Canadian retail sales plummeted unexpectedly in October, the latest in a series of disappointing economic data that analysts say could force the bank of canada to consider a rate cut.

Statistics Canada said Friday that retail trade dropped by 1.2% on lower sales of motor vehicles and parts. analysts in a reuters poll had forecast a gain of 0.5%.The Bank of Canada, which has kept its overnight interest rate unchanged for more than a year even as several of its international counterparts eased, projected a 1.3% increase in domestic fourth quarter growth in October.

Yet the growth data so far has been underwhelming, analysts said Friday. “the weakness of GDP growth in the fourth quarter will clearly concern policymakers and means that we can’t completely rule out an insurance interest rate cut in the new year,” said Stephen brown, a senior canada economist with capital economics.

Chances of a cut over the coming yea jumped to nearly 50% from about 25% before the data, the overnight index swaps market indicated.

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A claim for equality of material position can be met only by a government with totalitarian powers. Friedrich August von Hayek


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Unread postPosted: December 21st, 2019, 10:41 am 
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seoulbro wrote:
And the economic indicators in Trudeau's Canada just keep getting worse.

Canadian retail sales decline

Ottawa — Canadian retail sales plummeted unexpectedly in October, the latest in a series of disappointing economic data that analysts say could force the bank of canada to consider a rate cut.

Statistics Canada said Friday that retail trade dropped by 1.2% on lower sales of motor vehicles and parts. analysts in a reuters poll had forecast a gain of 0.5%.The Bank of Canada, which has kept its overnight interest rate unchanged for more than a year even as several of its international counterparts eased, projected a 1.3% increase in domestic fourth quarter growth in October.

Yet the growth data so far has been underwhelming, analysts said Friday. “the weakness of GDP growth in the fourth quarter will clearly concern policymakers and means that we can’t completely rule out an insurance interest rate cut in the new year,” said Stephen brown, a senior canada economist with capital economics.

Chances of a cut over the coming yea jumped to nearly 50% from about 25% before the data, the overnight index swaps market indicated.

If the BOC cuts interest rates, and the USA leaves their rates unchanged, the value of our dollar goes down and the food we import becomes more expensive.


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Unread postPosted: December 21st, 2019, 11:19 am 
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Fashionista wrote:
seoulbro wrote:
And the economic indicators in Trudeau's Canada just keep getting worse.

Canadian retail sales decline

Ottawa — Canadian retail sales plummeted unexpectedly in October, the latest in a series of disappointing economic data that analysts say could force the bank of canada to consider a rate cut.

Statistics Canada said Friday that retail trade dropped by 1.2% on lower sales of motor vehicles and parts. analysts in a reuters poll had forecast a gain of 0.5%.The Bank of Canada, which has kept its overnight interest rate unchanged for more than a year even as several of its international counterparts eased, projected a 1.3% increase in domestic fourth quarter growth in October.

Yet the growth data so far has been underwhelming, analysts said Friday. “the weakness of GDP growth in the fourth quarter will clearly concern policymakers and means that we can’t completely rule out an insurance interest rate cut in the new year,” said Stephen brown, a senior canada economist with capital economics.

Chances of a cut over the coming yea jumped to nearly 50% from about 25% before the data, the overnight index swaps market indicated.

If the BOC cuts interest rates, and the USA leaves their rates unchanged, the value of our dollar goes down and the food we import becomes more expensive.

If there is a silver lining, it will make exports cheaper. And the dark cloud in that, is bad policy has cancelled it out with bad energy policy.

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A claim for equality of material position can be met only by a government with totalitarian powers. Friedrich August von Hayek


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Unread postPosted: December 22nd, 2019, 4:22 pm 
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Joined: April 1st, 2016, 6:51 pm
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seoulbro wrote:
And the economic indicators in Trudeau's Canada just keep getting worse.

Canadian retail sales decline

Ottawa — Canadian retail sales plummeted unexpectedly in October, the latest in a series of disappointing economic data that analysts say could force the bank of canada to consider a rate cut.

Statistics Canada said Friday that retail trade dropped by 1.2% on lower sales of motor vehicles and parts. analysts in a reuters poll had forecast a gain of 0.5%.The Bank of Canada, which has kept its overnight interest rate unchanged for more than a year even as several of its international counterparts eased, projected a 1.3% increase in domestic fourth quarter growth in October.

Yet the growth data so far has been underwhelming, analysts said Friday. “the weakness of GDP growth in the fourth quarter will clearly concern policymakers and means that we can’t completely rule out an insurance interest rate cut in the new year,” said Stephen brown, a senior canada economist with capital economics.

Chances of a cut over the coming yea jumped to nearly 50% from about 25% before the data, the overnight index swaps market indicated.

I have no confidence in this country.

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“No issue better illustrates the divide between America’s working class and America’s political class than illegal immigration- Donald J. Trump.


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Unread postPosted: December 22nd, 2019, 6:39 pm 
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iron horse jockey wrote:
seoulbro wrote:
And the economic indicators in Trudeau's Canada just keep getting worse.

Canadian retail sales decline

Ottawa — Canadian retail sales plummeted unexpectedly in October, the latest in a series of disappointing economic data that analysts say could force the bank of canada to consider a rate cut.

Statistics Canada said Friday that retail trade dropped by 1.2% on lower sales of motor vehicles and parts. analysts in a reuters poll had forecast a gain of 0.5%.The Bank of Canada, which has kept its overnight interest rate unchanged for more than a year even as several of its international counterparts eased, projected a 1.3% increase in domestic fourth quarter growth in October.

Yet the growth data so far has been underwhelming, analysts said Friday. “the weakness of GDP growth in the fourth quarter will clearly concern policymakers and means that we can’t completely rule out an insurance interest rate cut in the new year,” said Stephen brown, a senior canada economist with capital economics.

Chances of a cut over the coming yea jumped to nearly 50% from about 25% before the data, the overnight index swaps market indicated.

I have no confidence in this country.

I'm not leaving, so I must have confidence in this country.


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Unread postPosted: December 27th, 2019, 8:42 pm 
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Predictions I read for Canada for 2020 are bigger deficits, slower economic growth and reduced investment.

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Unread postPosted: December 28th, 2019, 7:31 am 
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Gaon wrote:
Predictions I read for Canada for 2020 are bigger deficits, slower economic growth and reduced investment.

I think I read that too.


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Unread postPosted: December 28th, 2019, 7:53 am 
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Gaon wrote:
Predictions I read for Canada for 2020 are bigger deficits, slower economic growth and reduced investment.

The only thing Canada has working in it's favour is a strong US market. We could headed for a home grown recession.

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A claim for equality of material position can be met only by a government with totalitarian powers. Friedrich August von Hayek


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Unread postPosted: December 29th, 2019, 9:47 am 
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I don't know if this will impact Canadian oil and if so, how much.

New pollution rules could affect price of Alberta crude

A new wave of cold water is about to hit Canada’s much buffeted oilsands industry but whether it will be a perfect storm or a tempest in a teapot is yet to be seen.

Tighter pollution rules by the International Maritime Organization are set to take effect Jan. 1. The new guidelines, dubbed IMO 2020, will limit the sulphur content of “bunker” fuel on ships to just 0.5 per cent, down from the current 3.5 per cent.

The deadline has been in place for years, but the change is still expected to wallop prices for heavy oil containing high levels of sulphur, such as raw bitumen from the Alberta oilsands. bitumen makes up about half of Canada’s 4.6 million barrels per day of crude oil production.

The discount on Western Canadian Select bitumen blend crude prices versus north american benchmark West Texas Intermediate could almost double in January, said Alan Gelder, vice-president, refining, for consultancy Wood Mackenzie.

“In October, we’ve got the WTI-WCS differential at about us$16 per barrel. and we’ve got that widening out to the high$20s in January,” he said in a recent interview from London. He added the differential should moderate to about us$23 or $24 by the middle of 2020.

The price difference between WTI and WCS is a closely watched figure because it dictates oilsands profitability and royalties paid to the provincial government. When the differential widened to as much as us$52 a barrel at the end of 2018, a development blamed on pipeline capacity failing to keep up with oilsands growth, the alberta government introduced production curtailments in a successful bid to narrow the spread. The production limits have since been reduced but not cancelled.

Analyst Phil Skolnick of Eight Capital says there was little evidence of a major jump in WCS differentials pricing for January crude oil trades that started in early december.

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A claim for equality of material position can be met only by a government with totalitarian powers. Friedrich August von Hayek


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Unread postPosted: December 30th, 2019, 12:31 pm 
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It seems the impact on Canada's heavy oil production will not be that bad.

The impact of the new pollution rules is being softened by disruptions in the flow of competing heavy oil from Venezuela and Mexico into the U.S., as well as new petrochemical projects in Asia that need heavy oil as feedstock, he said.

“Canada is benefiting because of Venezuela, Mexico. With that, combined with the pull from these new petrochemical plants that are consuming medium and heavy oil, it’s helping to offset the risks of IMO 2020,” said Skolnick.

Companies that own refineries or oilsands upgraders are expected to benefit as the new standards will increase demand for refined low-sulphur fuels.

An expansion at its Lloydminster Upgrader on the Alberta-Saskatchewan border will help Calgary-based Husky Energy Inc. benefit from IMO 2020 as its diesel output will jump to 10,000 bpd from 6,000 bpd, said spokeswoman Kim Guttormson.

About 15 per cent of ships will have added “scrubbers” by then to capture sulphur from their smokestacks and allow them to continue to burn high-sulphur crude.

Full compliance is not expected on Jan. 1. Some ships will be allowed to continue to burn high-sulphur fuel by citing safety concerns about switching to new fuel blends or because their scrubbers haven’t arrived yet.

Refiners are expected to be able to deliver about 1.4 million bpd of VLSFO in 2020, while demand for marine gas oil, a refined product similar to diesel, is expected to jump to about one million bpd in 2020 and gradually grow to about 2.4 million bpd.

The new fuel standard could eventually boost demand for liquefied natural gas, with Wood Mackenzie forecasting 22 million tonnes per year of LNG demand from shipping by 2030.

The high cost of switching to LNG means it will likely only be installed on new ships, said Gelder.

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A claim for equality of material position can be met only by a government with totalitarian powers. Friedrich August von Hayek


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Unread postPosted: January 4th, 2020, 8:25 pm 
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Unread postPosted: January 4th, 2020, 10:58 pm 
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Herman wrote:
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They seldom call it a new tax or a tax increase.


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Unread postPosted: January 7th, 2020, 5:17 pm 
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If it wasn't for my farm, I would leave Canada. Progs have put this country on the road to being another Argentina.

Canada is on an economic road to nowhere
The Liberals spent five years pandering to environmental, regional or anti-capitalist interests. Now in a minority position, the situation will worsen

https://business.financialpost.com/dian ... 1578407021
Who’s going to look after Canada’s economic wellbeing for the next five years? Canada slips and there’s nobody to catch it, not Parliament or other levels of government. The Liberals spent five years variously pandering to environmental, regional or anti-capitalist interests. Now in a minority position, the situation will worsen.

The Liberals have adopted a soak-the-rich taxation approach and swallowed whole the green’s concocted “Climate Change Emergency.” As a result, Canada has missed out on what The Economist labelled the recent, half-decade global “jobs boom.”

Since 2015, median income has increased only $38 a year under the Trudeau regime, compared with $428 a year increases under Prime Minister Stephen Harper (even though he had to steer through the financial meltdown.) Consumer debt has become the highest in the G7, because Ottawa has not cracked down on illicit capital flows into condos in Toronto and Vancouver, which has helped drive housing prices to excessive levels.

The private sector is embattled. In 2019, the World Bank’s “Ease of Doing Business” report found that it takes 249 days to obtain all the necessary permits to build a new warehouse in Canada — 160 days more than in the United States, the only country Canada really competes against for capital.

And how long does it take to obtain a permit to build needed infrastructure? Ask Kinder Morgan and hundreds of other corporations who have left because impediments turned into all-out obstructions.

Overall, the World Bank’s “Ease of Doing Business” report ranked Canada 23rd out of 190 countries, but this has fallen from fourth in 2006. Meanwhile, New Zealand is first; Singapore second, and the United States ranks sixth.

Canada ranked 64th in getting permits and the U.S. 24th; Canada ranked 124th in providing electricity to businesses and the U.S. 64th; and Canada ranked 100th in enforcing contracts and the U.S. 17th.

Other job-killers include anti-resource development laws (C-48 and C-69); the NGO and the federal government war against fossil fuels and mining; and interventionist labour laws, red tape, and excessive “green” energy regulations. Last year, the country’s biggest export sectors were slammed. General Motors shuttered operations in Oshawa, forestry laid off thousands, and Alberta lost thousands of oil-related jobs.

Among the 34 OECD (Organization of Economic Co-Operation and Development) members, Canada has the highest regulatory burden and the lowest investments in machinery, equipment, and intellectual patents.

Interprovincial trade barriers worsen. British Columbia should not be able to block oil pipelines just as Quebec should not have been able to block transmission lines from Atlantic Canada. Recently, after years, a natural gas pipeline route had to be approved — in order to bypass Quebec via the U.S. — to deliver Alberta natural gas to a Nova Scotia LNG project.

Regulators, special interests, and politicians did not hoist this country into the economic big leagues and the G7. Business, entrepreneurs and opportunities did. Now, in GDP terms, Canada is behind India and Brazil in size and will soon be overtaken by Russia and South Korea.

It’s all very tragic given Canada’s track record, potential and talent. In the absence of smart economic leadership, Canada will become a road to nowhere.

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Unread postPosted: January 7th, 2020, 8:55 pm 
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The economic path that Trudeau has us on is unsustainable unless we accept much lower living standards.

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