Pages tagged "Topic: Economy"
MYTH: The Oil Industry is Dead in 2020
Key Points • Is the oil industry really “dead” as some are saying? Explores the suggestion by Canadian political leaders Elizabeth May and Yves-François Blanchet earlier last week.• Several facts from pre, during and post coronavirus that point towards continued growth in glob...
How Important is Oil to the Canadian Economy?
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-coa...
CERI Forecasts Huge Economic Contribution from Oil and Gas to Canada, 2019-2029
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 c...
Canada Falls to Lowest Rank Ever on World’s Most Competitive Economies Survey
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...
Canada’s Natural Resource Sector Lost $196 Billion in Investment Over 5 Years
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. This analysis uses real-world comparisons to help us grasp just how mu...
What is the Economic Contribution of Refineries in Ontario?
Did you know that 4 of Ontario’s oil refineries make up about 20 per cent of Canada’s total refining capacity, and that about 80 per cent of their feedstock comes from the western part of the country? When it comes to refinery output and the economy, the larger the numbers, th...
“Environmental Activists” Funded by Non-Canadian Sources Should Concern Us All
There’s a smear campaign being run against the Canadian energy sector by environmental activist groups who receive a large part of their funding from non-Canadian sources. These groups do not oppose other energy exporters the way they have Canada where every single pipeline ha...
10 Reasons Why the Natural Resource Sector is Important for Canada
Just how important is Canada’s natural resource sector to Canadians? Very, very important, to say the least, even for those who may not work in the sector directly (see more below). But don’t take our word for it… Here’s some recently released statistics from the federal gover...
Does Ontario Benefit from Canada’s Oil and Gas Industry?
The short answer is yes! But who’s in for short answers nowadays? In today’s current climate of misinformation and fear mongering about Canada’s natural resource sector, most of which has been spread by foreign-funded “environmental” groups who only oppose Canadian energy, th...
20+ Quotes Showing Canada’s Competitiveness Problem
Canada’s competitiveness on a global scale is becoming a bigger concern as the months go by for organizations, CEOs and industry leaders across the board. Some people may say that these quotes are simply anecdotal and as a result shouldn’t be concerning. But given the multitud...