In 2018, the US trade deficit hit $621 billion, up over 12 per cent compared to the previous year. This is still below the record high $761 billion set in 2006. US trade deficit worsened [Read more]
According to the Conference Board of Canada’s economic outlook, there will be weakened growth in Central Canada, Manitoba and Alberta. —while Atlantic Canada, B.C. and Saskatchewan will see increases. Reuters photo. According to The Conference [Read more]
The United States government’s receipts from taxes, social security contributions, customs duties and other items fell by 0.4 per cent in 2018, as reduced tax rates more than offset the impact of an expanding US [Read more]
The Federal Reserve’s promise to be “patient” as it determines how to adjust interest rates in future has been welcomed by investors fearful that an economic slowdown could preface a slide into recession. Federal Reserve [Read more]
Unless policymakers either lower US interest rates or conclude trade talks between China and the US, the global economy’s momentum will continue to slacken and push it towards recession. OECD composite leading indicator down, points [Read more] [Read more]
By the end of last year, diesel futures held by hedge funds had fallen to a level normally associated with a sharp slowdown in economic growth if not an outright recession. Shutterstock photo. Short positions [Read more] [Read more]
Average US gasoline prices declined for 12 weeks in a row at the end of 2018, which marked the longest consecutive weekly drop since the 17-week decline from October 2014 through January 2015. Shell photo. [Read more] [Read more]
Unless policy makers reverse course and start adopting a more business-friendly approach, a further global slowdown or even a recession is more likely than not in 2019. The Washington Post/Getty Images photo by Jabin Botsford. [Read more] [Read more]
The Canadian Chamber of Commerce asks the question: what are the principles that will allow Canadian climate policy to cut emissions at lowest cost to economy and way of life? Canadian climate policy must include [Read more] [Read more]
Lower oil prices would curb the projected expansion in output and stimulating faster growth in oil consumption. Modestly lower oil prices would also provide some economic stimulus and form part of the natural cyclical progression, [Read more]
The outlook for the global economy is deteriorating. A broad range of asset prices and real-time economic indicators pointing to either a slowdown in growth or an outright recession occurring in 2019. Financial and real indicators [Read more]
Escalating oil prices, rising interest rates, an appreciating dollar, and growing uncertainty about the outlook for international trade are proving a poisonous cocktail for the global economy and have triggered crises in the past. Video [Read more]
Canadian economic growth is expected to grow by 2.0 per cent in 2018, higher than initially forecast, according to the Conference Board of Canada. Seven Generations Energy photo. Canadian economic growth boosted by double digit [Read more]
Fears about a future slowdown in the US economy have grown as the US Treasury curve has come closer to inverting, given the close correlation between slowdowns and inversions over several decades. Getty Images photo. [Read more]
If the global economic expansion continues at its current rapid pace, distillate availability will become stretched, and oil prices will rise strongly. Mondicon photo. Distillates crucial to three developments in the next two years that [Read more]
With the global oil market running out of spare capacity, John Kemp argues that a world-wide economic slowdown will ease upward pressure on oil prices. Anadarko photo. Economic slowdown expected later in 2018 or 2019 [Read more]
BC economy forecast to advance by 2.6%, Alberta by 1.9%, Saskatchewan by just 1.3% All provinces can expect slower economic growth this year as a number of factors—ranging from uncertainty over NAFTA, stalled oil pipeline [Read more]
Economic prospects less positive for the Northwest Territories Ottawa—Strong economic growth is expected in Nunavut and Yukon this year, while the economic outlook for the Northwest Territories is more muted. Growth is expected to average [Read more]
The West Texas oil industry is booming thanks to new technology that has helped bring breakeven costs down to as little as $25/barrel. CNBC photo by Morgan Brennan. Unemployment rates sink as West Texas oil [Read more]
Execs say technology like autonomous and electric vehicles unlikely to impact energy industry U.S. energy executives are looking to emerging technology like artificial intelligence and intelligent automation to improve business operations, but do not expect [Read more]
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