Oil & Gas
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‘Dr. Doom’ investor Marc Faber sent packing after racist statements
Faber was tossed from the boards of Novagold, Ivanhoe and Sprott after he wrote in his Gloom, Boom and Doom investment report “thank God white people populated America, and not blacks”
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U.S. Congress report says Trump’s got it wrong on NAFTA
The report from the republican-led Congress says it’s not feasible to use trade agreements as a tool to decrease trade deficit because those imbalances “are determined by underlying macroeconomic fundamentals”
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10 WTO member states denounce Trump’s ‘Buy American’ order
China and Taiwan have joined a number of traditional U.S. allies, including Canada, Isreal and the EU, in urging the U.S. to honour its WTO government procurement commitments
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NAFTA tensions erupt: Countries admit talks struggling, push deadline into 2018
There will be no “quick fix” to NAFTA. Canada, the U.S. and Mexico aren’t necessarily breaking up, but they’re now publicly bickering over everything from dairy and autos, to Buy American rules and whether trade deficits “matter”
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First nation asks Trudeau to help stop U.S. plans to drill in Arctic refuge
The Arctic National Wildlife Refuge, which Vuntut Gwitchin First Nation Chief Bruce Charlie called ‘the Serengeti of the Arctic,’ which will likely be devastated by planned U.S. oil exploration and production
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‘If we thought it was bad, it’s worse:’ Alberta methane releases underestimated
A new study, the first to use aerial flyovers to measure fugitive emissions in Alberta’s oil and gas industry, suggests methane levels are up to 3.6 times previously reported figures in one production region
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BoC says business optimism is moderating
The Bank of Canada says several indicators in its most recent survey have been tempered from strong summer survey results, including businesses’ plans to increase spending over the next 12 months
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End of oil scarcity force changes to Canadian producers’ strategies
Suncor executive Steve Reynish said the industry is beginning to view oil as a plentiful resource after decades of scarce supply
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Emerging trends fundamentally changing Canadian businesses, says BDC report
Embracing digital technology and workforce diversity are just two of the key business trends identified by BDC’s most recent report
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Ottawa to reduce small business tax rate to 9 per cent
The addition of a tax cut to the federal Liberal government’s small business tax reform plan appears to be the political equivalent of a spoonful of sugar to quell an angry backlash to proposed tax reform