Last week Prime Minister Trudeau finally announced the aid package he is sending to the struggling oil sector. It is not the aid that many hoped for. Indeed, rather than boosting the resource economy, the federal government seems to be spending your tax dollars to help “transition” this sector into oblivion, with all the spending … Continued
This week, the International Monetary Fund (IMF) predicted that the global economy will shrink 3% during 2020, setting us up for the steepest downturn since the great depression in the 1930s. Canada’s economy is predicted to shrink 6.2% with a rebound of 4.2% in 2021 if the COVID-19 lockdown ends in the second half of 2020. … Continued
It only took three weeks of COVD-19-induced isolation for former Environment Minister Catherine McKenna to decide that now is the time to finish off Canada’s crippled resource economy and create the brand-new clean-green economy of her dreams. Now, as the Minister of Infrastructure and Communities, McKenna tweeted that we have two choices in re-starting our … Continued
Welcome to carbon tax week! It’s that time of year again when our friendly federal government hikes up tax prices in the midst of a health crisis. As of Wednesday, prices in Ontario, Alberta, Manitoba, and Saskatchewan have increased by $10 per tonne of CO2. What does this look like for the consumer? In approximate … Continued
On Tuesday this week, Premier Doug Ford announced that for 45 days residential consumers, farmers and small business owners will be paying off-peak hydro prices 24 hours a day seven days a week. This means consumers will be paying a flat rate of 10.1 cents per kilowatt hour for their hydro, rather than the usual … Continued
Over the past two weeks Canadians have been noticing lower gas prices at the pump. Fears over COVID-19 worsened a global market crash last week which led to the lowest prices for crude oil since the Gulf War. Lower oil prices usually mean lower prices for consumers at the pump, and Canadians are seeing this. … Continued
You can be forgiven if you missed the pre-Christmas commitment your government made on your behalf. Back in December, it was announced at the COP25 Climate Summit in Spain that Canada would meet the promise of achieving a “net zero carbon emission” target by 2050. The pledge, made by Canada’s Minister for Environment and Climate … Continued
It was a revelation that caught most onlookers off guard and continues to cause surprise and disappointment for many. Last Friday while attending a conference at Washington, D.C.’s , Wilson Center, Alberta Premier Jason Kenney told a panel that a shift away from hydrocarbons was inevitable and that it was “preferable that the last barrel … Continued
In the span of a week, Canadians were witness to economic headlines which appear to confirm that the country’s overall performance wasn’t as advertised near the end of October when, as the Federal election neared its end, there was little to suggest the economy wasn’t firing on all cylinders. Whether coincidence or the deliberate withholding … Continued
Earlier this month, Canada’s Eco-Fiscal Commission, an economic think tank devoted to climate change policy, released a report on the eve of the annual climate meeting in Spain (COP25). It found that the price tag to honour Canada’s commitment to the 2015 Paris Climate Agreement means everyone will soon need to pay what amounts to … Continued