The epitaph of the Canadian oilsands has been written many times, but far from dying production is actually expected to rise — by about 500,000 barrels per day, or 15 per cent by 2030.
Read more: https://tinyurl.com/36wc9dyv
Monthly Archives: May 2023
Corporate income tax just one part of economic growth equation
Corporate income taxes became one of the top issues of the Alberta provincial election, won by the United Conservative Party on Monday.
Read more: https://tinyurl.com/mr2nfk7w
Sohi wants Edmonton voices heard at provincial level after UCP shut out from capital city
Mayor Amarjeet Sohi is hoping to meet Premier-elect Danielle Smith soon to talk about representation for Edmonton, after the victorious United Conservative Party was shut out of Alberta’s capital.
Read more: https://tinyurl.com/2p9zmv47
Odds of Bank of Canada rate hike just went up as economy beats expectations
Stronger-than-expected economic growth in the first quarter could force the Bank of Canada to end its pause and hike interest rates again during one of its meetings over the summer, economists are predicting.
Read more: https://tinyurl.com/2p8j989b
Posthaste: Canadians’ high mortgage debt a ‘ticking time bomb’ as renewals loom
Lenders have been offering surprising leniency to variable-rate mortgage borrowers who’ve hit their trigger rate, but that move may be creating a “ticking time bomb” of debt when the time comes to renew, economists from Desjardins Group say.
Read more: https://tinyurl.com/42vadyyn
GDP: Economic growth beats expectations with 3.1% gain in Q1
The Canadian economy grew at an annualized rate of 3.1 per cent in the first quarter of 2023, Statistics Canada reported Wednesday.
Read more: https://tinyurl.com/2s37bbz8
Construction to start on new Galt Gardens play space
A new play area is coming to downtown. Construction of the new Galt Gardens Inclusive and Accessible Play Space will begin within the next few weeks, and has a completion date set for early fall.
Read more: https://tinyurl.com/2xs4tzfu
Two week reprieve given for demolition approval of historic building
Members of the Chinese community say they were shocked to hear about a proposal coming before council on Tuesday to approve demolition of an historic downtown building.
Read more: https://tinyurl.com/mr46dsf7
Mortgage demand drops to the lowest level in three months
Mortgage rates shot higher last week, as stronger economic data stoked more fear that the Federal Reserve will not lower interest rates anytime soon. In turn, mortgage demand dropped to the lowest level since the end of February.
Read more: https://tinyurl.com/txf754kh
Average household can expect insurance to cost $561.50 more this year
The average household renewing its house, contents and car cover can expect to pay over $560 more in premiums this year.
Read more: https://tinyurl.com/3rw2nxz3