The Trudeau government is making your life even harder

Increases to the Marginal Effective Tax Rate taking even more of your hard-earned money

The Trudeau government is making your life even harderNew Conservative leader Pierre Poilievre is correct when he says governments discourage work with taxes and clawbacks. The Marginal Effective Tax Rate (METR) measures what government takes from each new dollar earned in taxes and clawbacks of income-related government benefits. In his leadership acceptance speech and an August 19 video called “Make work pay,” Poilievre…

The bleeding continues for restaurants

Many won’t survive

The bleeding continues for restaurantsAfter a slew of confinements and closures, restaurants are still not out of the woods. Far from it. Over the past year in Canada, restaurant closures outpaced openings by a whopping 43 per cent. The industry is still shrinking. Inflation-adjusted food service sales will be around 11 per cent below 2019 levels by the time…

The push and pull of oil demand and supply

Producer and consumer nations targeting a price of around $90 a barrel

The push and pull of oil demand and supplyOil markets are being pushed and pulled – from both ends. As conflicting factors weigh on the markets, the future crude scenario remains hazy and muddy. The Organization of Petroleum Exporting Countries and their allies, including Russia in the extended OPEC+, appear determined not to let the crude market prices go considerably below their target…

Trudeau government discriminating against oil and gas

Singling out oil and gas doesn’t make sense

Trudeau government discriminating against oil and gasCanada’s strategy to single out greenhouse gas emissions from the oil and gas industry could make it harder to meet overall reduction targets, according to two leading energy analysts. Neither of Ottawa’s two proposed policies to cap and reduce oil and gas emissions would allow carbon market trading with other industries. That’s a problem, says…

Newfoundland’s pop tax is nothing more than a (hidden) tax grab

12-pack of Coke or Pepsi will be slapped with nearly a dollar in new taxes

Newfoundland’s pop tax is nothing more than a (hidden) tax grabEverything Newfoundlanders put in their grocery cart is getting more expensive, and Newfoundland Premier Andrew Furey is about to hit one of their few affordable treats with a new hidden tax. He’ll tell you it’s because he wants Newfoundlanders and Labradorians to lose weight. But here’s the reality: it’s just another tax. As of Sept.…

Oil once again being used as a political tool

G7 agrees on devising a system that would only allow the sale of Russian oil at below-market prices

Oil once again being used as a political toolWell, they did it. During their virtual meeting last Friday, finance ministers from the G7 agreed on devising a system that would only allow the sale of Russian oil at below-market prices. “The price cap is specifically designed to reduce Russian revenues and Russia’s ability to fund its war of aggression whilst limiting the impact…

The coming energy crisis

How did things get so bad, so fast?

The coming energy crisisBy Stewart Muir and Margareta Dovgal It’s been obvious for months that a global energy crisis was coming. Then last Monday, just when we thought things couldn’t get any worse, the chief executive of Shell predicted that Europe is headed for a multi-winter energy crisis, with consequences that cascade around the world. The situation is…

Trudeau is wrong. LNG development is feasible

Canada has to step up to the plate and help its allies

Trudeau is wrong. LNG development is feasibleGerman Chancellor Olaf Scholz’s recent visit to Atlantic Canada was an opportunity for a serious long-term strategy to address several different aims: European Union (EU) energy security, East Coast economic development, Canadian energy industry growth (and higher federal tax revenue), and the likely-alarmist crusade to lower carbon dioxide emissions. The result of his visit, unfortunately,…

The high cost of climate “justice” through lawfare

At a time of soaring energy costs, we need this type of legal activism like we need a hole in the head

The high cost of climate “justice” through lawfareThe anti-energy left has weaponized consumer protection laws in the United States to punish oil and gas companies simply for carrying out their core business. If their lawfare succeeds, there will be serious repercussions for the energy security of North America and the West. According to a recent PBS story, at least 20 cities and…

Canadian brewers having a hard time staying afloat

And thanks to the federal government beer could get even more expensive in 2023

Canadian brewers having a hard time staying afloatWith recent reports that people are out enjoying the weather, we could assume that everything is back to normal after the pandemic. But that’s not entirely true, especially for the beer industry. Total beer sales have dropped 7.3 per cent from last year, according to Beer Canada. Total beer sales are up in Newfoundland and…