12,500 jobs at risk in Canada’s oilpatch in 2019

Alberta will be hit the hardest, with 9,600 more jobs expected to disappear

12,500 jobs at risk in Canada’s oilpatch in 2019Some sobering news out on Monday about jobs in the struggling oilpatch. The 2019 Labour Market Update by the PetroLMI division of Energy Safety Canada indicates about 12,500 jobs are at risk this year due to several factors including low commodity prices, a decline in capital spending and continued uncertainty over market access. And Alberta,…

Oil production slips from December to January after mandatory cuts

January was the first month of temporary mandatory production cuts in Alberta: StatsCan

Oil production slips from December to January after mandatory cutsCrude oil and natural gas production and electricity generation rose in January, while coal production declined compared with the same month in 2018, says Statistics Canada. The federal agency reported on Friday that Canada produced 22.3 million cubic metres (140.3 million barrels) of crude oil and equivalent products in January, up 3.1 per cent from…

Joey Smallwood’s campaign to transform Newfoundland

Force-feeding economic modernization is a tricky business, even for a Father of Confederation

Joey Smallwood’s campaign to transform NewfoundlandAfter leading the 1940s movement to bring Newfoundland into Confederation, Joey Smallwood went on to win six consecutive elections and served as the province’s premier for just shy of 23 years. It’s not the longest run for a provincial premier – Nova Scotia’s George Murray, Alberta’s Ernest Manning and Ontario’s Oliver Mowat edge Smallwood on…

Canadian crude oil production on the rise

Exports on the rise to U.S. and elsewhere: StatsCan

Canadian crude oil production on the riseCanadian production of crude oil and equivalent products totalled 264.6 million cubic metres in 2018, up 8.5 per cent from the previous year, according to Statistics Canada. The federal agency reported on Monday that non-upgraded production of crude bitumen (+12.7 per cent) was the main contributor to the overall rise. Since January 2016, the average…

Universal health care in Canada? Not really

If you move from B.C. to Newfoundland, for example, you're likely to be denied coverage

Universal health care in Canada? Not reallySt. John’s sees the sunrise 4.5 hours before Victoria. This means Newfoundlanders are the first to see the light and British Columbians are the last. Unfortunately, some who leave the West Coast to study on the Rock get an unwelcome surprise. Students who arrive from other provinces are denied health coverage, as are their dependents…

Canadian natural resource sector economic activity on the rise

The mineral and mining subsector drove the increase, led by potash

Canadian natural resource sector economic activity on the riseThe natural resource sector, including energy, saw the volume of economic activity grow in the third quarter of 2018, according to Statistics Canada. The federal agency reported Thursday that real gross domestic product in the natural resource sector rose by one per cent in the quarter following a 1.4 per cent increase in the second…

Canadian natural resource sector economic activity on the rise

The mineral and mining subsector drove the increase, led by potash

Canadian natural resource sector economic activity on the riseThe natural resource sector, including energy, saw the volume of economic activity grow in the third quarter of 2018, according to Statistics Canada. The federal agency reported Thursday that real gross domestic product in the natural resource sector rose by one per cent in the quarter following a 1.4 per cent increase in the second…

Alberta leads the way in crude oil production increase

Statistics Canada said exports of crude oil and equivalent products increased 10.7% from the same month a year earlier

Alberta leads the way in crude oil production increaseCanada produced 23.1 million cubic metres (145.6 million barrels) of crude oil and equivalent products in October, up 13.2 per cent from the same month a year earlier, according to Statistics Canada. The federal agency said on Friday that Alberta produced 19.3 million cubic metres of crude oil and equivalent products in October, an increase…

Report says oil prices expected to rise

Prices will improve because of increased demand from U.S. refineries, improving transportation capacity and mandatory productions cuts in Alberta

Report says oil prices expected to riseThe oilpatch in Alberta has had a tough go of it since oil prices collapsed in the latter part of 2014. But on Tuesday there was some good news from a new report released by Deloitte’s Resource and Advisory Group. It forecasts prices for Canadian heavy and light oil to improve somewhat in 2019 because…

Time to rethink the federal transfers system

Atlantic Canada enjoys a level of public spending that far outreaches that of the provinces that contribute most to equalization payments

Time to rethink the federal transfers systemIt is time for a fundamental course change by Atlantic Canadians with respect to equalization and other regional subsidies. I recently made a presentation to independent senators in Ottawa on this subject in which I said that Canada’s regional subsidies were ineffective. We've had a half-century of remarkably large subsidies to Quebec and Atlantic Canada,…