Economic growth in Canada and the world is slowing, OECD says

The Organization for Economic Co-Operation and Development released new data on Monday that suggests Canada’s economic forecast has gotten progressively gloomier for almost a year, an outlook that it shares with most other major world economies. “In the United States and Germany, the tentative signs of easing growth that were flagged in last month’s assessment, have been […]

Calgary brewer calls out AGLC distribution model for being ‘insane’

The craft scene is touted as a local gem, but one Calgary brewer is speaking out about the lengths his beer travels before they pour your pint. Nestled in Inglewood Revival Brewcade is a small start-up brewery. Currently, they don’t brew beer on site and instead, contract through Red Bison to bring you their creations. […]

Crude-by-rail exports rise to record 327,000 barrels per day, says NEB

The National Energy Board says crude-by-rail exports from Canada rose to a record 327,229 barrels per day in October. That’s up more than 21 per cent from 269,829 in September and represents the first time exports by rail have exceeded 300,000 barrels per day — in October 2017, only 137,000 bpd left the country in […]

Statistics Canada reports manufacturing sales down 0.1% in October

Statistics Canada says manufacturing sales fell 0.1 per cent in October to $58.2 billion, a weaker report than economists expected. The decline came as sales in the wood product and primary metal industries fell, offset in part by higher sales in the food and machinery industries. Economists had expected an increase of 0.4 per cent, […]

Why Rachel Notley’s refinery pitch won’t solve the oilpatch’s problem

Considering the recent oil price crash in Western Canada and the fact a provincial election is expected in the spring, the Alberta government is trying to pull out all the stops to lift the oilpatch out of the doldrums​. Buying railway oil tank cars, subsidizing petrochemical plants and mandating oil production cuts are some of the NDP’s moves to […]

Ride-hailing services Uber and Lyft preparing to become public companies

The two largest ride-hailing companies appear set to go public, with both Uber and Lyft making confidential filings to the U.S. Securities Commission for initial public offerings of shares. Timing of the listings is uncertain, given the current turmoil in stock markets, but the filings made last week leave the door open for IPOs in […]

China cancels meetings with B.C. trade mission in wake of Huawei executive’s arrest

The detention of an executive of Chinese electronics giant Huawei in Canada is already having repercussions in Canadian-Chinese trade relations. Bruce Ralston, British Columbia’s minister of jobs, trade and technology, on Sunday issued a statement saying the province has rescheduled the upcoming China meetings of B.C.’s current Forestry Asia Trade Mission. He said the China leg of the mission, set […]

Allowance apps are the modern piggy banks and they could really help your kids

Canadian youth get top marks for financial literacy, but more than one in ten 15 year olds struggle with basic financial skills. That’s according to the last assessment of financial literacy in teens by the Organisation for Economic Co-operation and Development. Judith Cane is an Ottawa-based professional money coach and sees it play out in […]

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 […]