Tag: Economy
B.C. economy expected to slow in 2018
CPAs say recent wildfires will have long-term economic impact According to the BC Check-Up, an annual economic report released by the Chartered Professional Accountants of British Columbia (CPABC), provincial GDP is forecasted to 2.9 per cent in 2017, and 2.0 per cent in 2018. “B.C.’s strong economy continued to attract residents last year, and the […]
Opinion: Things looking up for working Albertans this Labour Day
When working people have more power, we’re more likely to get policies that benefit the many By Gil McGowan, President of the Alberta Federation of Labour The past two years have been tough for working Albertans. The global collapse in oil prices – brought on largely by an unprecedented fracking boom south of the border – […]
Alberta hottest economy in 2017, but provincial deficit unchanged at $10.5 billion
“Alberta’s economy is recovering, but it is not returning to what it looked like in 2014.” – Todd Hirsch Alberta’s economy continued to pick up momentum in the first half of 2017, with gains in jobs, housing, exports and other areas, according to a press release from the Alberta Government, which is now forecasting economic […]
Brighter global economic outlook after Trump, EU “far right” election fears ease – Conference Board
Low oil prices one reason why world economic growth expected to be 2.9% in 2017 Following a tepid increase of 2.5 per cent in 2016, growth in the world economy will pick up this year, with real GDP forecast to rise by 2.9 per cent, according to The Conference Board of Canada’s World Outlook: Summer 2017. […]
Canadian mines could prove critical to clean energy transition
Copper demand could reach 31 million tonnes by 2035, a 43% increase Canadian mines could help power the transition to clean energy, sparking new economic development in the process, according to a new report from Clean Energy Canada finds. Growth in clean energy is driving significant demand for the metals and mineral products used to […]
Alberta, Western Provinces to lead Canadian economic growth in 2017
Alberta expected to outperform all provinces and grow 3.3% Alberta and Saskatchewan are expected to emerge out of recession and lead the provinces in economic growth this year, according to The Conference Board of Canada’s Provincial Outlook: Spring 2017. British Columbia is forecast to see growth ease this year, but the province will still tie with […]
Growing popularity of crossover utility vehicle skews fuel mileage data – EIA
Light-duty vehicle market attributed to CUVs reached 32 per cent in the US market last year Light-duty vehicles are generally classified into two groups: passenger cars and light trucks. However, crossover utility vehicles (CUVs)—which appear similar to sport utility vehicles but share design attributes with passenger cars—are blurring the distinction between the two classifications, according to the […]
Texas LNG exports create billions in economic benefits, 70,000+ jobs
Economic benefits of LNG export can be realized while still protecting the environment By Matt Mandel, EnergyInDepth Today, the group Texans for Natural Gas (TNG) released a new report on the massive economic impact liquefied natural gas (LNG) exports could have on Texas and the United States. With seven LNG export facilities proposed or already under […]
Plenty of obstacles in Trump’s path to 4% economic growth
Dramatic slowdown in population growth led to sluggish demand growth, firms responded by cutting back on investment spending By Kip Beckman, Principal Economist, World Outlook Economic growth in the U.S. has averaged around 2 per cent per year since the end of the 2008–09 recession—one of the slowest recoveries from a severe economic downturn ever. Donald Trump […]
EIA and IEA agree: Shale oil and gas will shine in 2017
Obama said shale revolution led to “first sustained period of rapid GHG emissions reductions and simultaneous economic growth on record” By Seth Whitehead, EnergyInDepth Though often confused due to their similar acronyms, the International Energy Agency (IEA) and U.S. Energy Information Administration (EIA) are separate entities whose respective views on energy are often very different. […]
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