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Monthly Archives: December 2013
Alberta economy trends to watch for 2014
While the Alberta economy will continue to be the envy of the country in 2014, national and international economic forces could dampen its outlook.
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City ready to set agenda for 2014
As the New Year rings in, City of Grande Prairie Mayor Bill Given and council are getting ready to set the agenda for change over the next three years.
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Busy year for County of GP
Change was a common theme for the County of Grande Prairie during 2013.
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Nothing untouched in High River’s emergency procedures review
Craig Snodgrass, Mayor of High River, knows the flood as a disastrous wake-up call that showed High River residents the power of nature, but also their ability to learn from the successes and failures had during the emergency response phase.
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Canadian Coal Down but Not yet Completely Out
As domestic use declines, will Canadian coal find new Asian export markets?
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Is the Canadian dollar destined for 1.10?
2013 was a difficult year for the Canadian dollar. The “loonie” hit a 3-year low in U.S. dollar terms and lost about 10% of its value against European currencies. It outperformed the Australian dollar and Japanese Yen but only because they were severely battered. Aside from losing Mark Carney one of their best and brightest central bankers to the U.K., the country suffered from a severe discount in the price of Canadian oil versus U.S. oil. The Bank of Canada also dropped its tightening bias in October, setting USD/CAD on a one-way uptrend from 1.04 to 1.07. While growth is expected to accelerate in the coming year Canada faces a unique risk that could send the loonie on a downward spiral in a move that could take USD/CAD to 1.10.
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Losing market share not big concern for OPEC
EDMONTON – OPEC nations are losing market share as North American supplies such from U.S. tight oil and Alberta oilsands rise sharply and more than meet the slowly growing world demand.
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Electricity use at home declines for 3rd straight year
The average amount of electricity consumed in U.S. homes has fallen to levels last seen more than a decade ago, back when the smartest device in people’s pockets was a Palm pilot and anyone talking about a tablet was probably an archaeologist or a preacher.
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Fannie Mae settles with Wells Fargo as mortgage review ends
Wells Fargo & Co will pay a net $541 million US to Fannie Mae to settle claims over defective home loans, completing the government-controlled mortgage company’s efforts to have banks buy back troubled loans made before the financial crisis.
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