Pages tagged "Topic: Economy"
Putting Billions of Dollars from Canadian Natural Resources into Perspective
Canadians often hear about the billions of dollars that natural resources contribute to our economy, but can any of us really understand how much money that is? When you hear about Canada’s natural resource sectors – energy, mining, forestry, agriculture – and the tens of bil...
Is There Global Demand for Canadian Oil in 2021 and Beyond?
Key Points • Recent purchases by major refiners point towards strong global demand for Canadian oil now and in the future. • There is tremendous global demand for Canadian oil. Alaska, Texas, Mexico, Venezuela, Brazil, Colombia, Ecuador, Angola, Nigeria, Denmark, Norway, the U...
In Canada’s COVID-19 Recovery, Natural Resources Should Lead the Way
While Canada is still coping with COVID-19, many Canadians are uncertain what an economic recovery is going to look like in the months and years ahead. But one thing we can count on during this time is our resilient natural resource industry which can prop up our economy for ...
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...
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...