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Cristina Raileanu

Canada Natural Resources Minister 'welcomes' Trans Mountain pipeline expansion - Oil & ... - 0 views

  • We know that 99% of Canada's oil exports are transported to the US, whose need for imported oil will decline sharply in the coming years
  • In British Columbia alone, resource industries support 100,000 direct jobs. They also make up 13% of its economy and account for 80% of its exports.”
  • KMEP last year announced plans to expand Trans Mountain, which extends from Edmonton to Canada’s western coast, to 850,000 b/d from 300,000 b/d by twinning it and adding storage and pump stations
faseehthemoonman

Bank of Canada warns of rate increase, flags debt concerns - The Globe and Mail - 1 views

  • The Bank of Canada has laid out a clearer path for interest rates, pushing back the timing of an eventual increase
  • Bank of Canada’s benchmark rate from its current setting of 1 per cent.
  • 167 per cent
  • ...4 more annotations...
  • Households need to slow their borrowing on their own, or else the Bank of Canada will give them reason to do so
  • anada’s gross domestic product grew at annual rates of 1.8 and 1.9
  • Since April, the Bank of Canada had been talking about a potential rate increase in the context of an “economic expansion” that failed to achieve
  • forecast for economic growth this year to 2.2 per cent from 2.1 per cent
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