The proposed oil pipeline from Alberta to BC will create economic success for Canada by opening our oil reserves to Asian markets, and minimizing our dependence on U.S. trade. However, there are also controversial environmental issues to be aware of. Here’s what you need to know about this ongoing western Canadian project.
The Bank of Canada released the latest rate announcement Wednesday, but did not include a future rate movement forecast for the first time since April 2012.
A new economic threat is growing half a world away. China’s economy, the second largest in the world, is forming its own credit bubble, similar in nature to the meltdown that led to the 2008 U.S. financial crisis. What consequences would be felt in Canada, and worldwide, should this bubble burst?
The Bank of Canada announced today that the Overnight Lending Rate would remain at 1%, once again – and that an increase isn’t expected any time soon.
Global leaders have recently expressed growing concern over a possible currency war, in which nations purposely devalue their own dollar in order to stimulate trade. What are the implications for Canada’s economy as well as the global markets?