Canada’s upstream oil and gas sector is in intensive care

The economic damage to the energy industry is due largely to government regulatory and tax policies

Canada’s upstream oil and gas sector is in intensive careBy Steven Globerman and Joel Emes The Fraser Institute Canadian oil and gas companies face major problems, in great part due to government policy. Legal restrictions on the expansion of pipeline capacity have restricted exports of oil, shrinking profit margins. The subsequent price decline for Western Canada Select oil spurred former Alberta premier Rachel Notley…

Lack of pipeline costs energy sector $20.6 billion in revenue

Fraser Institute report says overdependence on American market is hammering the Canadian oil industry

Just how important is market access and lack of pipeline capacity to the Canadian economy? A report released on Tuesday by the Fraser Institute, a Canadian public policy think-tank, said the issue is driving down the price of Canadian oil, costing the country’s energy sector $20.6 billion in lost revenues last year. “Without sufficient pipelines…

12,500 jobs at risk in Canada’s oilpatch in 2019

Alberta will be hit the hardest, with 9,600 more jobs expected to disappear

12,500 jobs at risk in Canada’s oilpatch in 2019Some sobering news out on Monday about jobs in the struggling oilpatch. The 2019 Labour Market Update by the PetroLMI division of Energy Safety Canada indicates about 12,500 jobs are at risk this year due to several factors including low commodity prices, a decline in capital spending and continued uncertainty over market access. And Alberta,…

Mining permit waits hamper Canadian development

Exploration is the critical first stage in mining development. Yet many provinces don't meet their own guidelines

Mining permit waits hamper Canadian developmentEvery year, the Fraser Institute publishes a survey of senior mining company executives that assesses policy environments around the world and the mineral potential of jurisdictions. Those two components are used to create an investment attractiveness index. One thing miners repeatedly tell us is that they’re concerned about obtaining exploration permits: how long does it…

Creating the right environment for real estate success

Shami Sandhu talks about what makes Realty ONE Group different and why those differences work well for buyers and agents

Creating the right environment for real estate successShami Sandhu is president and regional director of Realty ONE Group of Western Canada. What is the Realty ONE Group and what do you do? Sandhu: Realty ONE Group is a full-service lifestyle real estate brand that has experienced rapid growth since Kuba Jewgieniew started the company in 2005. Unlike existing traditional models, we don’t…

Canadian crude oil production on the rise

Exports on the rise to U.S. and elsewhere: StatsCan

Canadian crude oil production on the riseCanadian production of crude oil and equivalent products totalled 264.6 million cubic metres in 2018, up 8.5 per cent from the previous year, according to Statistics Canada. The federal agency reported on Monday that non-upgraded production of crude bitumen (+12.7 per cent) was the main contributor to the overall rise. Since January 2016, the average…

Global technology leader Cisco investing $15 million in Western Canada

Funding and testing innovations in areas such as the oil and gas sector, health-care digitization and environmental protection

Global technology leader Cisco investing $15 million in Western CanadaGlobal technology leader Cisco is investing $15 million to enhance its Western Canadian presence. “Getting the most out of the digital world of tomorrow means investing and preparing for it today,” said Rola Dagher, president of Cisco Canada, in making the announcement on Wednesday in Calgary. “The commitments announced today build on our strong track…