Canadian Natural Resources - Home - 0 views
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Cristina Raileanu on 17 Jan 13This is the website for Canadina natural resources
second worst export performance in the G20 group of nations
Economy improving short-term, but future not so bright for Canada: Carney - thestar.com - 1 views
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country’s exports of manufactured goods has been cut in half, he said, a large reason why employment in the factory sector has fallen nearly 500,000 jobs.
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He notes that since the recession, emerging markets have accounting for two-thirds of global growth and one-half of import growth, a trend expected to continue for decades.
Canada's Economic Future: What Have We Learned from the 1990s? - Bank of Canada - 1 views
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To conclude, our economy has been expanding robustly over the past five years, inflation has remained low, employment and incomes have been rising. And we are now seeing encouraging signs of a productivity payoff from the restructuring of the past decade
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My Education Has Value » Unemployment not as dire as after past recessions - 1 views
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Young people aged 15 to 24 years are also finding jobs faster than any other age group, the accounting group found. Nearly half of unemployed youth found a job within one to four weeks in 2011, while the average unemployment period was just 11 weeks
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5 per cent still jobless after looking for work for a year
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Youth underemployment is a huge issue.
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High unemployment to persist in Canada: analysts | CTV News - 1 views
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unemployment rate bobbing within a narrow band 0.1 percentage points above or below eight per cent.
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unemployment rate will average 7.7 per cent next year and will still be above seven per cent in 2013, long after the economy has returned to normal.
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rate of joblessness approaches 17 per cent
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Consumer Debt: Canadians Focusing On Paying Off Bills, Worrying Less About Retirement - 0 views
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Overall, the poll done for the bank by Harris/Decima showed 17 per cent of respondents selected debt reduction as their main priority in 2013
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Managing day-to-day spending/budgeting came in third, selected by eight per cent of respondents and down from 14 per cent last year
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At the same time, debt management increased as a priority for that age group to 18 per cent from 14 per cent
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Student Debt: University students borrowing their way into unemployment | Full Comment ... - 0 views
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probably borrowed money at that — to get themselves a university degree that will prove essentially useless to them the instant they graduate
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not the fluffy emotional value of making new friends and discovering the joys of binge drinking, but the literal value — how much financial return they can reasonably expect to make on their investment of tens of thousands of dollars.
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verage level of education debt held by Canadian students upon graduation hover around $27,000 each.
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Canadians' debt mountain growing at fastest pace in two years - 0 views
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Credit reporting agency TransUnion's latest quarterly analysis of Canadian credit trends found average consumer non-mortgage debt jumped 4.6% year-over-year in the third quarter to an average of $26,768.
David Rosenberg's 5 reasons Canada's household debt panic is overblown - 0 views
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Canadian debt/income ratio isn't as bad as it looks. Because Canadians pay for their health care through their taxes, their disposable income is distorted relative to the U.S. In terms of personal income, the ratio is actually closer to 118%, rather the scary 165%. Canadian household debt relative to assets (19%) and net worth (24%) is below prior peaks of 20% and 25%, respectively. Rosenberg estimates Canada would need to see a 20% drop in the housing market to get net worth/income ratio down to the U.S. level. Canadians have more equity in their homes - 69% of the value compared with 43% in the U.S. "This equity gap is a prime reason why Canadian household net worth/income ratio (at over 500%) is some 35 percentage points above U.S. levels," Rosenberg writes. Canadians are better able to service their debts. Canadian wage growth at 4% a year is about double what it is in the U.S. - a rise that pretty much matches the average interest rate they are paying. The debt-servicing ratio in Canadian households is now just over 7% - a level it has only been below in the past 15% of the time. So even though Canadian interest rates are 75 basis points higher than in U.S, it is not hampering our ability to handle debt.
Breaking down Canada's consumer debt - 0 views
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There is more debt in canada thehn ever before
Why budgets don't work for spendthrifts - 0 views
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Credit cards: Johnson suggests getting a credit card that gives you cash back rather than points, saying the money is more useful. The Penniless Parenting blog says spendthrifts should use cash as much as possible and recommends carrying around a $50 or a $100 bill. See how long that bill can last without being broken.
Canadian Consumer Debt Reaches the Highest Levels of All Time - 0 views
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It seems that while the economy can help consumers in addressing their debt problems, it can be very unstable. Because of this, every debtor and Canadian consumer must take action themselves to ensure that their debts stay within their control. Average consumer debt reaches $26,221
Even Boomers are getting pummeled by student loan debt | Business Insider | Financial Post - 1 views
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Americans over 60 still owe 4.2% of student loan debt, according to the Federal Reserve Bank of New York.
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Ten per cent of those loans are delinquent, while another 11.2% are in default.
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Three factors account for the loans: Attending college after high school, going back as an adult, or co-signing for a child’s loans
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Drowning In Debt? - 2 views
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Some basic tips: “Don’t add any more to your debt,” Mr. Schwartz said, “Put your credit cards away. Stop using your line of credit. Live on cash or debit.”
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Canadian borrowing levels have hit record levels, with household debt-to-income ratio recently reaching a high of 164.6 per cent, according to Statistics Canada.
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But consulting a trustee, which comes with no charge, doesn’t always mean filing for bankruptcy, he explained. Trustees can help set budgets, steer consumers toward consolidation loans, mortgage refinancing or consumer proposals as a way to climb out of debt, he said.
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Pay down the debt with the biggest interest rate first
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In 2011, 77,993 consumers filed for bankruptcy
Canada Natural Resources Minister 'welcomes' Trans Mountain pipeline expansion - Oil & ... - 0 views
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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
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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.”
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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
Province tries to steady natural gas price after spike - Nova Scotia - CBC News - 0 views
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Energy Minister Charlie Parker said the province wants to diversify its energy sources to include more natural gas, wind, tidal, biomass and hydroelectr
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The school said it was $400,000 more than they budgeted for.
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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.
Ontario close to eliminating coal as electric-power source, a first in North America | ... - 0 views
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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.
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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.
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"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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Spectra Energy Corp., 2013 Guidance/Update Call, Jan 16, 2013 - Seeking Alpha - 0 views
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for joining us today as we share our 2013 financial plan and business strategy over here with you.
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.
Power generated by wind blows past coal output in Ontario - 0 views
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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.
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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.
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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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