Our “lost generation” of Canadian youth

Young people who graduate into a recession often take decades to recover

Our “lost generation” of Canadian youthAs we bid farewell to 2020, an annus horribilis if there ever was one, spare a thought or two for Canada’s youth. Hard as 2020 was on Canada a whole, young Canadians are paying big time for the unavoidable consequences of COVID-19. Many Canadian young people were supposed to be having the proverbial ‘time of…

Three things governments got wrong in handling COVID-19

Ill-considered responses by governments left highly damaging long-term legacies

Three things governments got wrong in handling COVID-19History will record that multiple vaccine breakthroughs ended the COVID-19 pandemic. But it will also show that ill-considered responses by our federal and provincial governments left highly damaging long-term legacies. Here’s a list of what I call the COVID follies: Destruction of the Canadian aviation industry Canada’s airlines have been burning through their dwindling cash…

Prairie provinces can thrive with greater Asian trade

With the COVID-19 recession and the expansion of Chinese influence, it’s urgent that Canada take the initiative and position itself in new markets

Prairie provinces can thrive with greater Asian tradeIn November, China and 14 Asia-Pacific countries including Japan and South Korea signed a free-trade deal covering 2.2 billion people and nearly 30 per cent of international trade. This Regional Comprehensive Economic Partnership shows that the Pacific region continues to reinforce its place as the world’s leading trade hub. Canada and, more precisely, the Prairie…

COVID-19 overreaction has pushed us to the tipping point

Our debt is rising and our population growth is slowing. The result will be a massive fiscal burden on taxpayers in decades to come

COVID-19 overreaction has pushed us to the tipping pointCaught between a rock and a hard place. This best sums up the position that Alberta’s United Conservative Party government found itself in as it announced new, stricter lockdown measures for Christmas. The government is attempting to bend the rising curve of COVID-19 infections. Premier Jason Kenney and his most trusted ministers lined up to…

Oil and gas exports critical to Canada’s economic future

It is a mistake to think Canada can thrive without the export wealth generated by the energy sector

Oil and gas exports critical to Canada’s economic futureBy Mark Milke and Lennie Kaplan Canadian Energy Centre You may have heard the persistent worldwide narrative that oil and natural gas are dead, or soon will be, and can easily be replaced with other forms of energy. The latter claim is simply false. Read the work of energy transition expert Vaclav Smil, professor of…

What Canadians can expect in the coming year

The good news? Pandemic under control. The bad news? Very slow growth, high debt, higher taxes, high unemployment

What Canadians can expect in the coming yearThe future is imaginary, said philosopher Baruch Spinoza. We don’t and can’t know what will happen in the future and last year certainly demonstrated that. Nevertheless, the desire to see what the new year will bring always overcomes the future’s inherent mystery. We peer into our crystal balls and bravely prognosticate, knowing full well that…

Oil markets still face uncertain future

Even if the vaccines remain effective against the new COVID-19 mutants, a true crude oil market rebound is still a long shot

Oil markets still face uncertain futureStrong headwinds continue to disrupt crude oil markets in the new year. In 2020, COVID-19 triggered demand destruction, with some insisting that global oil demand may have already peaked. Lifestyles changed – apparently forever. Working from home became the new norm, commuting to the workplace became extinct and flying became less prevalent. All these factors…

The new pandemic-induced pet food economy

The pet economy represents tremendous growth potential for the food service industry. Pets are already influencing the market

The new pandemic-induced pet food economyAccording to a recent report by Narrative Research, 18 per cent of Canadians say they got a new pet since the start of the pandemic. That means more than 6.8 million pets were adopted since March. That can be added to the more than 16 million cats and dogs Canadians had in 2019, prior to…

A legitimate demand for oil industry investment?

A legitimate demand for oil industry investment?Opposing interest groups are endeavouring to sway crude oil market sentiments. The global oil industry needs some $12.6 trillion in investments through 2045 to meet the demand, Organization of Petroleum Exporting Countries (OPEC) secretary general Mohammed Barkindo said at a videoconference. This declaration came despite the fact that earlier the month in its Monthly Oil…

Despite the alarmism, Covid-19 is not the Black Death

Instead of focusing on a problem concentrated in our long-term care facilities, politicians have closed vast swaths of our economy

Despite the alarmism, Covid-19 is not the Black DeathDespite the relentless media drum-banging around the alarmist COVID-19 narrative, this virus is not the Black Death. Official numbers have the Canadian death count so far just over 14,000, bad for sure, but not hugely off the yearly flu toll in Canada that kills 6,500 to 8,000 people.  The average age of those people who…
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