Category Archives: Canadian economy

Canadian Construction Industry Recovering

New data shows the value of building permits issued in Canada increasing for a fourth consecutive month, signalling a recovery in the country’s construction sector after a decline in late 2012. A Statistics Canada report released this week shows that permits worth $7.0 billion were issued in April, 10.5 percent more than in March. Much of the increase came from […]

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Canada’s Oil Production to Double By 2030 Thanks to Oil Sands -Report

A new report by Canada’s largest association of petroleum companies projects that the country’s oil production will double to 6.7 million barrels per day (bpd) by 2030 as a result of increased production in Northern Alberta’s oil sands region. The outlook, published by the Canadian Association of Petroleum Producers, estimates that production in the oil sands will increase from 1.8 […]

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Capital City Ottawa Voted as Canada’s Most Boring City

(Via Global BC) Canada’s capital city, Ottawa, beat out five other nominees to be voted as the country’s most boring city in the annual “Boring Awards” ceremony held last Tuesday. Other cities nominated for the most boring title were: Laval (Quebec), Lethbridge (Alberta), Abbotsford (British Columbia), and Brampton (Ontario). Despite being the most boring, Ottawa is also the “richest” large […]

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Muslim Immigration Fueling “Islamic Banking” in Canada

Amid the headlines in recent weeks of a group of Muslim extremists plotting a terrorist attack in Canada, a look at some of the mundane ways in which Canada’s growing Muslim communities are having an impact can be a refreshing reminder that the bad apples are few and far between, and that the majority of Muslim-Canadians are ordinary individuals who […]

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Immigration Minister to Visit Silicon Valley to Promote ‘Start Up Visa’

Canadian Citizenship and Immigration Minister Jason Kenney will be visiting California’s Silicon Valley on Friday for a four day trip intended to promote Canada as a place to live for the region’s entrepreneurs. According to an article in San Jose’s Mercury News, a billboard is currently appearing near Silicon Valley advertising Canada to foreign tech workers struggling with H-1B visa […]

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More New Immigrants Moving to Smaller Cities- Calgary, Edmonton, Winnipeg Among Most Popular

A Vancouver Sun report published Wednesday, titled Canada’s ‘Big Three’ metro areas lose lustre as newcomers opt for smaller cities, examines the phenomenon of immigrants choosing the Big Three Canadian cities less in favour of Canada’s smaller cities: Released Wednesday by Statistics Canada, the 2011 numbers reveal that Toronto’s share of newcomers fell to 32.8 per cent, down from 40.4 […]

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Nova Scotia Looking to Increase Immigration to Province

Nova Scotia, one of Canada’s Maritime provinces, is seeking to increase the number of skilled immigrants that settle in the province, according to a new provincial strategy announced earlier this year. The Maritimes region of Canada, which includes Nova Scotia, has suffered from chronic economic malaise over the last two decades, with the highest unemployment rates, the fastest aging population, […]

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Taxes Up 1,787% For Canadians Since 1961

Two Canadian economists say taxes are rising faster than wages for typical Canadians, and that the average Canadian family now pays a greater share of their income in taxes than on basic necessities. The report, by Milagros Palacios and Charles Lammam, was released as part of the 2013 edition of the Canadian Consumer Tax Index. The index tracks the total tax […]

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Conf Board of Canada Says Immigrants Diversify Economic Growth

A new report by the influential Conference Board of Canada finds that immigration contributes to diversifying trade in provinces. The study looked at the relationship between immigration in the province of Saskatchewan, and the countries which Saskatchewan traded with. It found that in Saskatchewan, having resident immigrants from a particular country was linked, at the provincial level, to more goods […]

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In Defense of the Petro-State: Canada Should Not Shun Oil Riches

An article that appeared in last week’s New York Times, by Thomas Homer-Dixon, a professor at Canada’s University of Waterloo, claims that Canada is slowly turning into a petro-state, and that the U.S. would be doing the country a favor by putting obstacles in the way of this evolution and rejecting the Keystone XL pipeline. The editorial, titled The Tar […]

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