Greatest Boom Ever

This week saw something that does not happen very often. WTI, normally trading at a discount to Brent crude, moved higher than the North Sea-focused benchmark. Traders explained it with fears of tight supply in the immediate term and some relief later this year. Some, however, doubt this relief would come soon enough to avoid something few like to talk about: demand destruction.       Read more:  https://tinyurl.com/4rz7u3yu      

The Beverly Bridge in northeast Edmonton will be under construction again beginning this week after a winter pause.       Read more:  https://tinyurl.com/2chnxyj3  

The City of Edmonton's administration wants a parking lot near RE/MAX Field to be turned into a housing development, which would lead to the Edmonton Riverhawks losing their main surface parking lot.       Read more:  https://tinyurl.com/4dcpc95a     

Queensland house-hunters are bypassing cosmetic flips and taking sledgehammers to history, gambling millions on abandoned properties in the wildest frontier of the state’s property boom.       Read more:  https://tinyurl.com/4wx34ard      

Calgary police are warning the public about a  scam  involving paving contractors.     Read more:  https://tinyurl.com/2bm5kmpp  

Those shopping for detached homes last month might have had a tougher time compared to those interested in other types of housing, the Calgary Real Estate board said in its latest sales report.       Read more:  https://tinyurl.com/4tsnh7by  

The war in the Middle East is impacting something most Canadians may not have expected: the cost of some mortgages.       Read more:  https://tinyurl.com/3zc78dn2     

Calgary’s power grid is already under strain, and the Alberta Electric System Operator (AESO) is capping new connections as data  centre  demand accelerates — a move that will show up in higher electricity bills for homes and businesses already dealing with volatility.   Read more:  https://tinyurl.com/3zrkchmh  

City staff have re-worked an overview of all capital construction projects underway within all municipal departments to provide sitting  councillors  more clarity on where funds are spent.   Read more:  https://tinyurl.com/prfddhx8     

The price for natural gas is set to decrease during the next three-month period, while power prices remain at the minimum mandated rate.       Read more:  https://tinyurl.com/vn27arsz  

South Australians are cutting costs on their health expenses, including dental check-ups and mental health appointments, in order to fight mortgage pressures, new research shows.       Read more:  https://tinyurl.com/ahzk8eja  

Just minutes into U.S. President Donald Trump’s address to the nation Wednesday night, S&P 500 futures erased US$550 billion in value and oil prices surged by per cent on his threats to bomb Iran “back to the stone age.”       Read more:  https://tinyurl.com/4yxyurt4     

The town of Canmore is welcoming the province’s proposed changes to property tax legislation that would exempt Alberta residents from paying higher taxes on properties occupied for less than half the year.       Read more:  https://tinyurl.com/2ufn4uyk      

President Donald Trump said Friday the United States could reopen the Strait of Hormuz and “take the oil and make a fortune,” framing control of the world’s most critical energy chokepoint as both a strategic and economic opportunity.       Read more:  https://tinyurl.com/mrxt2amc