This blog has been edited due to Bill C-59 Canada Day has come and gone and it is evident how much Canadians love our country. Despite our regional differences, there seems to be a general understanding that all provinces and territories are connected, and when one province is doing well, the ot...
Canada already has a working "windfall tax" on oil and gas companies. It’s called a scaling royalty system, so let's have an informed discussion about our world-class energy producers. Despite the overwhelming treasure trove of evidence and analyses showing how a windfall tax would hurt Canadian...
A new report by RBC Capital Markets estimates a significant financial windfall for Canadian governments through our local oil and gas industry in an era of now-higher commodity prices and improved profitability.
If you have noticed rising costs at the grocery store, gas pump, your favourite restaurants or anywhere else in your daily life, you are not alone. Today, much of the world is struggling with supply shortages and increased living costs associated with the technical term “inflation.” For the firs...
Does the world need more oil and gas in 2022 and beyond? If you've read any of our previous posts related to the global energy supply crunch and dire warnings of underinvestment in the oil and gas sector, you probably know the answer is a big YES. The most plausible projection scenarios by organ...
As the world's third-largest reserve holder and fourth-largest producer and exporter, Canada's reliance on foreign oil is shockingly significant. Between 1988 and 2020, Canada imported approximately $488 billion of foreign oil. According to Statistics Canada, we've imported over $23 billion from...
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 billions of dollars the...
Last year was for the record books, and not in a good way. Canada – and most of the world, for that matter – grappled with the fallout from COVID-19 in varying degrees since the beginning of 2020. Such a year can only be described as catastrophic for millions of Canadians from coast-to-coast. Wi...
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.K., Russia, Iran, I...
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 a stronger recovery ...