Nuclear fusion, a disruptive power source for crowded cities: Don Pittis

The battle to replace fossil fuels with low-carbon power is bumping up against a new practical reality. As people crowd into cities, the world’s need for concentrated power sources is growing just as low-carbon green power is heading in the opposite direction. While the world needs high-density energy — the amount of power used or produced in a […]

Alberta crude oil curtailments remain unchanged despite price recovery

Alberta Energy Minister Marg McCuaig-Boyd says the province is leaving its oil curtailment levels at 325,000 barrels per day for now despite discounts for western Canadian crude that have narrowed to three-and-a-half-year lows. According to Net Energy Exchange, the difference between bitumen-blend Western Canadian Select and New York-traded West Texas Intermediate was about $8.25 US […]

Wind power making gains as competitive source of electricity

It’s taken a decade of technological improvement and a new competitive bidding process for electrical generation contracts, but wind may have finally come into its own as one of the cheapest ways to create power. Ten years ago, Ontario was developing new wind power projects at a cost of 28 cents per kilowatt hour (kWh), the […]

Total number of new mortgages slumped in second quarter, says CMHC

Rising interest rates coupled with slower income and population growth helped temper demand for new mortgages in the second quarter, according to Canada Mortgage Housing Corp. The federal housing agency says fewer Canadians opened new mortgages in the three-month period ending June 30, even though the total number of active mortgages and the value of those […]

Dollarama reports $133.5M profit in 3rd quarter

Dollarama Inc. says it earned $133.5 million in its latest quarter, up from $130.1 million a year ago. The retailer says the profit amounted to 41 cents per diluted share for the company’s third quarter, up from 38 cents per share in the same quarter last year. Analysts on average had expected a profit of […]

Canada will feel oilpatch pain, but likely not as bad as 2015: Poloz

The negative impacts of low oil prices that have struck Western Canada will reverberate across the entire national economy, the head of the Bank of Canada said Thursday. But governor Stephen Poloz estimates the latest drop in crude prices will likely have less bite across the country than the 2015 oil-price crisis, which contributed at […]

Telecom mediator sees 57% spike in complaints in 2017-18, mainly about wireless

The federal watchdog that handles customer complaints about telecommunications and television services in Canada saw a 57 per cent spike in complaints in 2017-2018, most of them involving wireless providers. The Commission for Complaints for Telecom-Television Services said Tuesday that it also expects to see complaints rise this year. For the first time, the federal watchdog […]

Greater fool theory comes back to haunt bitcoin and tech stocks: Don Pittis

So, when a speculative investment plunges in value, where does the money go?  As bitcoin crashes to year-long lows, as tech stocks give up their entire 2018 gains and as global oil prices tumble to a level not seen since October 2017, it is common to to hear investing being compared to playing roulette. Sometimes, it’s harder […]

Oil price woes a ‘serious problem’ for Canadian economy, says Notley

Alberta Premier Rachel Notley says the low price of western Canadian crude has become a serious problem for the country’s economy, adding her government is “furiously” seeking solutions. But while the province and the oilpatch explore their options, Notley said there’s a lack of agreement around the sector on the controversial call for her government to mandate temporary production cuts. Though the province has an obligation […]