Whether you like it or not, oil is a very important part of the Canadian economy. It's been said revenues generated by the oil and gas industry “pay the rent” in our country, not to mention the sector provides hundreds of thousands of direct and indirect jobs from coast-to-coast.
Yet, many Canadians seem unaware of the importance of oil to Canada. Such understanding seems to be lost amid the intense misinformation campaigns by special interest and environmental groups targeting the industry.
Countless years of unbalanced media coverage on First Nations and natural resources in Alberta would lead any unknowing viewer to believe that the Aboriginal communities near oil sands operations are not pro-development. This could not be any further from the truth.Read more
With the federal government’s decision on the Teck Frontier Mine coming soon (in February), there’s some important details about this new oil sands project that need to be brought into the limelight.Read more
It’s no secret that Canada’s energy sector has been struggling in 2019. It’s unfortunate that this year so far has been but a continuation of many before it where the oil and gas industry has seen capital investment and investor confidence drop significantly.
Meanwhile, countless layoffs have forced talented individuals to move to other more competitive jurisdictions for jobs and better employment opportunities, many of whom are relocating south to the United States.Read more
The manufacturing industry is a cornerstone of Canada’s economy with a massive contribution to the national economy, or gross domestic product (GDP), while accounting for nearly two-thirds of all exports made out of the country.
In short, Canadians across the country rely on a prosperous and thriving manufacturing sector to put food on the table and provide for their families. If there's any way to show just how important an industry is, it's without a doubt by the numbers.
With that in mind, here’s 10 facts you should know about the manufacturing industry in Canada.Read more
Just how important is oil and gas to the Canadian economy? We gave the best answer we could in a previous blog, but new studies by the Canadian Energy Research Institute (CERI) shed even more light on the topic.
Two CERI reports released in July of 2019 forecast the economic contribution of both conventional oil and gas and the oil sands industry across Canada.
Below details the focus of each report, and the overall economic highlights along with a link to the PDF file for your convenience.
We Canadians have a tendency to be very polite. Other than our famous “eh” saying which we tag onto the end of many sentences each day, we’re also known for being very apologetic and will say “sorry” for just about anything.
It’s not such a bad reputation to have, really. Being well-mannered and polite will get you further in life than if you weren't. But when it comes to important issues like supporting the industries that are responsible for our national prosperity, this is a reputation we need to change.
For too long have we let small but vocal special interest groups dictate the conversation about our world-class natural resource industry. We’ve left these groups unchecked, letting them say whatever they want and whenever they want to, even if it was a complete falsehood.
It’s now time for Canadians to take a stand and stop saying sorry for being one of the most transparent, regulated, and environmentally-progressive producers and exporters of a variety of natural resources.
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The IMD World Competitiveness Rankings 2019 named Canada the 13th most competitive country out of 67 nations, the lowest ranking for the “Great White North” since the annual survey began in 1997.
Canada dropped from 10th in 2018 to 13th this year, being outperformed by Ireland and Qatar which jumped from 12th to 7th and 14th to 10th, respectively.
Luxembourg fell from 11th to 12th, but still performed better than Canada on the latest edition of the world’s most competitive economies 2019 survey.
Here’s the top 15 countries along with the gain or drop in rankings versus the previous year:Read more
It’s hard to fathom just how much a lost investment of $196 billion is. But thanks to a newly released policy brief by Canadian think tank SecondStreet.org, it’s much easier to put that figure into context.
Unfortunately the circumstances under which the report uses comparisons to help us grasp just how much $196 billion is is alarming to say the least. Alarming for all Canadians that is.
After scanning government websites, industry reports and media stories, SecondStreet.org calculated that Canada’s oil and gas and mining sectors lost about $196 billion in investment between March 2014 and March 2019.
That’s in addition to tens of billions in foregone tax revenues and the loss of tens of thousands of jobs across the country.
Sometimes it’s almost as if we live on another planet devoid of facts, logic and common sense.
The unbalanced and relentless attack on Alberta’s energy sector which has labelled the oil sands as the harbinger of the apocalypse is a prime example of where some logical thinking and common sense could be of great use.
Environmental groups claim that further development and production from Alberta’s oil sands will send the entire world into oblivion. Meanwhile…Read more