Experts say economic growth coming close to a dead stop by end of 2022

Experts say economic growth coming close to a dead stop by end of 2022
And the Trudeau government has no convincing plan to address the problem The threshold has been crossed. Canada’s largest bank, RBC Financial Group, just published a report predicting that Canada will tip into recession in early 2023. RBC’s call is unusual. Anticipating recessions is notoriously difficult. And it is uncommon for analysts at any of the country’s large financial institutions... Read More

U.S. exporting Canadian natural gas as global LNG demand surges

U.S. exporting Canadian natural gas as global LNG demand surges
Canadian natural gas is finding its way to global customers, but it’s not because of any export project on Canada’s coasts Canadian natural gas is finding its way to global customers desperate for more LNG, but it’s not because of any export project on Canada’s coasts. Instead, the supply is taking off on ocean tankers as part of the mix... Read More

Each Canadian owes $56,000 in government debt

Each Canadian owes $56,000 in government debt
Fifty-six thousand dollars. That’s the average amount each Canadian will owe in provincial and federal government debt by the end of the year. Much of this debt will likely be shovelled onto the backs of Canadians’ kids and grandkids. As columnist Chris Nelson warns, “we are no longer being bribed with our own money. We’re being bribed with our great-grandchildren’s... Read More

Report: Australians enjoy higher living standards than Canadians due largely to improvements in their mining and energy sector

Report: Australians enjoy higher living standards than Canadians due largely to improvements in their mining and energy sector
VANCOUVER – Australians have enjoyed higher labour productivity growth—a key driver of higher living standards—than Canadians over the last 25 years due largely to greater improvements in the mining and energy sector, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank. “The evidence is clear—Australian workers have improved their productivity at a... Read More

What happened to the roaring twenties?

What happened to the roaring twenties?
OTTAWA – The Conference Board of Canada has released a two-year economic outlook that forecasts Canada’s real gross domestic product (GDP) will grow 3.5 per cent in 2022, easing to 2.6 per cent in 2023, a decrease from the March 2022 projections. Interest rate and price escalation, along with sharply slower growth in the United States are contributing to the pullback.... Read More

Canadians forced to make tough budget decisions to make ends meet, amid rising interest rates and inflation

Canadians forced to make tough budget decisions to make ends meet, amid rising interest rates and inflation
CALGARY – As interest rates and the cost of basic necessities have continued on their upward trajectory over the past few months, Canadians are becoming acutely aware of the impact on their household budgets. Increasing a staggering seven points since last quarter, six in ten (59%) Canadians say they are already feeling the effects of interest rate increases, according to... Read More

Debt-financed government spending imposes real costs on Canadians and the economy

Debt-financed government spending imposes real costs on Canadians and the economy
VANCOUVER – Contrary to what many Canadians, and interestingly some policymakers and even economists think, debt-financed government spending has real economic costs, even when interest rates are very low, finds a new study by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank. “There is no free lunch when it comes to debt-financed government spending. Even with record low... Read More

How Canada can help with the world’s growing LNG shortage

How Canada can help with the world’s growing LNG shortage
Increasing supply of LNG from Canada would not only improve energy security, it can also help reduce world emissions The growing global shortage of liquefied natural gas (LNG) is expected to bring a sustained period of higher prices and extreme market volatility, according to analysts with Norway-based consultancy Rystad Energy. Russia’s invasion of Ukraine – and the subsequent decision by... Read More

Fraser Valley housing market continues to cool amid slower sales, softer prices

Fraser Valley housing market continues to cool amid slower sales, softer prices
SURREY – Overall sales in the Fraser Valley fell for the third straight month as prices for all property types continued to soften, bringing greater balance to the region’s real estate market. In June, the Board processed 1,281 sales on its Multiple Listing Service (MLS), a decrease of 5.8 per cent compared to May and a 43 per cent decrease... Read More