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Home/ Fall 2012 Challenges Assignment/ Contents contributed and discussions participated by Cristina Raileanu

Contents contributed and discussions participated by Cristina Raileanu

Cristina Raileanu

Suncor Weighing Spending Cuts on Oil Discount: Corporate - Bloomberg - 0 views

  • C$11.6 billion ($11.8 billion) oil-sands project the first major spending reduction among Alberta energy pr
  • West Canada Select, traded at a record $42.50 a barrel less than U.S. crude on Dec. 14.
  • C$2.5 billion a month because of the lower prices, according to an estimate by Houston-based investment bank PPHB Securities LP. The discount has helped erode Canadian oil profits and hurt companies’ shares.
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  • Steam Tar
  • ncor Options
  • rom 2011, according to the average of 20 estimates. ‘Train Wreck’
  • Pipeline Opposition
  • ation
  • Narrowing Gap
Cristina Raileanu

Power generated by wind blows past coal output in Ontario - 0 views

  • three per cent of the province’s electricity in 2012, compared to 2.8 per cent for coal-generated power. A decade ago, coal-burning plants produced a quarter of the province’s electricity output.
  • Over the noon hour last Friday, for example, wind was generating 1,196 MW of power, compared to 710 MW from coal. A new wind-generation record was set Jan. 4, when 1,663 megawatts (MW) of electricity was produced by wind turbines, concentrated in southwestern Ontario.
  • Nuclear power continues to be Ontario’s chief source for electricity, supplying 56.4 per cent of total output last year, followed by hydro at 22.3 per cent, and natural gas at 14.6 per cent, according to the new IESO figures
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  • The closures are expected to put more than 350 people out of work, he said.The Power W
  • “Ontario is spending billions on wind turbines and solar panels supported by natural gas generation to the benefit of big multinational corporations,”
  • “Ontario will not likely meet its greenhouse gas targets because of increased dependence on natural gas generation, green job numbers remain elusive and our electricity prices are on the way to becoming among the highest in North America.”
Cristina Raileanu

Ford confident its hybrid fuel economy numbers will stand up - The Globe and Mail - 0 views

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    This is a article about a new hybrid car, that should work in favor with the spiking of the oil prices.
Cristina Raileanu

Spectra Energy Corp., 2013 Guidance/Update Call, Jan 16, 2013 - Seeking Alpha - 0 views

  • for joining us today as we share our 2013 financial plan and business strategy over here with you.
Cristina Raileanu

Ontario close to eliminating coal as electric-power source, a first in North America | ... - 0 views

  • Word that Ontario is nearing its long-promised goal of eliminating coal-fired power plants has gotten a lot of play outside the province in scientific, environmental and power industry publications.
  • by the end of this year the last two large-scale coal-fired generating plants will close, leaving only a small backup facility in Thunder Bay operating until the end of 2014.
  • "Shutting down the last coal plants in Southern Ontario will significantly reduce greenhouse gas emissions and save the province $95 million,"
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  • last year that coal, which a decade ago accounted for a quarter of Ontario's electricity, now generates only 2.8 per cent of the total. It's now exceeded by wind power, which provides three per cent. The shift "demonstrates how far we’ve come in terms of t
  • Nuclear power provides more than half (56.4 per cent) of Ontario's electricity, followed by hydro at 22.3 per cent and natural gas at 14.6 per cent, the electricity agency said.
  • "While there’s little respite from rising electricity prices no matter what the source, with renewable energy at least consumers know what they’re paying for," he wrote.
  • So far, none of the Liberal candidates vying to succeed the departing McGuinty are ready to abandon his green-energy policy.
  • Gerard Kennedy promised to review the Green Energy Act.
Cristina Raileanu

Province tries to steady natural gas price after spike - Nova Scotia - CBC News - 0 views

  • Energy Minister Charlie Parker said the province wants to diversify its energy sources to include more natural gas, wind, tidal, biomass and hydroelectr
  • The school said it was $400,000 more than they budgeted for.
  • The price dipped again in January. The government said the ultimate goal is to reduce Nova Scotia's dependency on coal and find greener sources of energy to reduce its greenhouse gas emissions by 2030.
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
Cristina Raileanu

Canadian Natural Resources - Home - 0 views

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    This is the website for Canadina natural resources
Cristina Raileanu

Commodities and resources - 0 views

  • Out west, we’ve had it pretty good. Unemployment is low, incomes are high, and the GDP is set to grow faster than almost anywhere.
  • We are not here for ourselves alone.
  • we focus on what immigrants can do for us (fill jobs) rather than on what we can do for them (provide beautiful communities and the chance to participate in building something amazing).
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  • “We must build pipelines. The world needs our oil. Nothing can get in the way. This is not negotiable.” Oil and pipeline companies are running headlong into some unanticipated opposition from folks who don’t see it the same way.
  • That means being a world leader in environmental stewardship, rather than arrogantly comparing ourselves to Nigeria or Sudan and patting ourselves on the back because our human rights are better than theirs.
  • Alberta is in a unique situation. It’s been blessed enormously in resources, wealth, natural beauty and smart people. We really can do anything if we set our minds to it, but not if we do it only for short-term financial gain.
Cristina Raileanu

5 Commodity Stocks Moving On News - Seeking Alpha - 0 views

  • Commodity prices this morning are as follows:Gold: $1668.80/ounce up by $8.20/ounceSilver: $30.77/ounce up by $0.362/ounceOil: $94.17/barrel up by $0.61/barrelRBOB Gas: $2.7461/gallon up by $0.0066/gallonNatural Gas: $3.355/MMbtu up by $0.028/MMbtu
  • This weekend we saw where Carl Icahn has taken a 1.56% stake in Transocean (RIG) and is seeking to gain regulatory approval to purchase a larger stake which would take his holdings to over 5% of the company.
  • Alpha Natural Resources (ANR) did not pop above $10/share and hold and did in fact begin a pullback towards $9.50/share starting last Thursday (the same day we wrote about the crossroads the stock was at - see here).
Cristina Raileanu

Toronto stock market advances, commodities rise | CP24.com - 0 views

  • es for higher demand pushed up commodity prices. Strong demand for commodities from
  • Gold prices also climbed with the February contract up $22.50 to US$1,678 an ounce, pushing the gold sector ahead about 2.2 per cent. Goldcorp Inc. (TSX:G) climbed $1.26 to C$36.68 while Iamgold Inc. (TSX:IMG) gained 20 cents to $10.73.
  • The energy sector was ahead 0.44 per cent while the February crude contract gained 72 cents to US$93.82 after earlier hitting a three-month high of US$94.70 a barrel. Prices also got a boost from a report that Saudi Arabia cut its crude production by nearly five per cent last month to the lowest level in 19 months.
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  • Suncor Energy (TSX:SU) was 31 cents higher at C$33.58 while Canadian Natural Resources (TSX:CNQ) advanced 51 cents to $26.69.
  • The information technology sector gained 1.4 per cent with Research In Motion Ltd. (TSX:RIM) ahead 39 cents to $11.79.
  • In Canada, Astral Media Inc. (TSX:ACM.A) said Thursday that its first-quarter profit was $59.6 million or $1.05 per share, beating analyst estimates. Revenue rose to $274.5 million, which was about $3 million below analyst estimates but higher than a year before. The company has a friendly deal with BCE Inc. (TSX:BCE), which is seeking regulatory approval to buy Astral for about $3.38 billion. Astral edged up 31 cents to $47.21.
  • Canadian pharmaceutical chain Jean Coutu Group (TSX:PJC.A) on Thursday reported stronger sales and a quarterly profit that beat analyst estimates by a penny per share.
Cristina Raileanu

Canada's dirty economic secret: we're as indebted as the rest of you | Colin Horgan | C... - 0 views

  • is acknowledged to have weathered the economic storm better than any other major western economy, bank bailouts have been avoided, sustained growth has returned,"
  • "highest credit rating in the world,
  • Canada learned some sound policy lessons from its own financial and economic meltdowns in the latter decades of the 20th century, a lot of us are now personally up to our eyeballs.
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  • Canadian "household debt as a percentage of disposable income has risen by almost 60 percentage points to 165% today,"
  • The bulk of this rise in debt – 66%, or $636 bn – has been in the form of mortgage debt, putting Canadians in an uncomfortable neighbourhood
  • between Spain and the United States in the ranking of household mortgage debt,"
Cristina Raileanu

Raising Interest Rates? Canada's Impending Household Debt Crisis | Global Research - 0 views

  • If the bank feels you can pay $2,000 a month on a mortgage, then you generally qualify for the loan, if you have the right credit record and collateral.
  • It is worth noting here that the money your bank loans for a mortgage is created out of thin air at the push of a button. They do not lend the money of their depositors for this.
  • interest charges are built into just about every product and service available. Higher interest rates means businesses would have to charge more to recover their loan costs.
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  • For an extreme example of what can happen one only has to turn back the clock to the 1980s, when 20% interest rates destroyed many businesses and individual lives;
  • it is the average consumer that is blamed for the problems created by the so-called experts.
  • one could take each aforementioned quote by the experts, reword it to mean the exact opposite, and thereby have a better understanding of the situation.
Cristina Raileanu

Canadian consumer debt climbs to record levels in 2012 | CTV News - 0 views

  • That's about the level reached in the United States before the financial crisis.
  • the household debt to income ratio stood at 164.6 per cent,
  • navigated through the risks so far, but the time has come to pay off your bills before that happens.
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  • The Bank of Canada is expected to keep its key rate on hold for now, giving Canadians a window to start reducing their debts before costs start to rise.
Cristina Raileanu

Paying down debt Canadians' main focus in 2013: poll - The Globe and Mail - 1 views

  • Managing day-to-day spending/budgeting came in third, selected by eight per cent of respondents and down from 14 per cent last year.
  • 45-64 named retirement planning as their top financial priority, which fell to just 12 per cent among that age group in this year’s survey.
  • “Even small contributions today can make it easier in future years to reach your retirement savings goals,”
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  • debt management increased as a priority for that age group to 18 per cent from 14 per cent.
Cristina Raileanu

Bank of Canada flags lenders' role in consumer debt - 1 views

  • physically present also have a greater proportion of consumers with too much de
  • The Bank of Canada has been scrutinizing whether competition among
  • The governing council was told about the role that discounting plays in how much individuals pay for their mortgage and notes that there is “substantial dispersion in rates across people, institutions, and markets.”
Cristina Raileanu

Bank of Canada's Tiff Macklem warns on soft economic momentum | Economy | News | Financ... - 0 views

  • “The strength and durability of the pick-up in growth through 2013 and beyond will depend critically on how successful we are in regearing our growth to exports, investment and innovation.”
  • Bank of Canada senior deputy governor Tiff Macklem said Thursday the economy is expected to pick up this year, but sounded a note of caution amid a soft housing market and weak export demand.
Artur Dyachenko

Consumer Debt - 6 views

started by Artur Dyachenko on 27 Nov 12 no follow-up yet
  • Cristina Raileanu
     
    1) again this question is an individual decision, I personally would cut back on my weekly spendings on luxuries, and be happy with, especially if I have something particular I am saving for. Also, to back away from temttation of purchases since our generation is one of the tempted and spoiled one.
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