10 Second Headlines

May 24, 2013

CANADIAN ENERGY ConocoPhillips Co. is pulling back on plans to sell its Canadian oil sands assets as they exceeded their target for raising capital by selling other properties. In addition the Federal government restrictions… Read More

May 17, 2013

FRACKING Argentina has the world’s second largest reservoir of unconventional oil after the United States while China is a close third. US Department of Energy estimates that Argentina has 774 trillion cubic feet of… Read More

May 10, 2013

CANADA Alberta added 14,800 jobs and the unemployment rate fell to 4.4% vs 4.8% in March. Cda’s April employment increased 12,500; unemployment rate remained at 7.2%. The strongest gains were in health care (+18.2k)… Read More

May 3, 2013

STEPHEN POLOZ – NEW BANK OF CANADA GOVERNOR Current CEO of Export Development Canada. PhD in Economics from the University of Western Ontario. Worked at the Bank of Canada for the first 14 years… Read More

Apr. 26, 2013

APPLE Increased its dividend 15% to $3.05 per share, making it the largest dividend payer in the world at $30 billion per year. Apple now yields approximately 3%. The total dividends paid each year… Read More

Apr. 19, 2013

BANK OF CANADA MEETING Lowered 2013 GDP forecast to 1.5% from January’s forecast of 2%. 2014 forecast was increased to 2.8% from 2.7% and 2015 is forecast at 2.7%. Housing, business and government spending… Read More

Apr. 12, 2013

GLOBAL ECONOMY – WEAKER DATA March US Retail sales fell 0.4%, weaker than expected. Stripping out cars, gasoline and building materials, sales fell 0.2%. March US Producer Prices fell 0.6%, the biggest drop in… Read More

Apr. 5, 2013

CANADA’S UNEMPLOYMENT – March 2013 The national unemployment rate climbed to 7.2% versus 7.0% and Alberta’s rose to 4.8 versus 4.5%. In Canada, almost all losses were full-time jobs while private jobs collapsed by… Read More

Mar. 29, 2013

KEYSTONE PIPELINE UPDATE The US Senate approved language that encourages development of Keystone XL by a vote of 62 to 37. The US Defence Department said that to stop using fuel from oil sands… Read More

Mar. 22, 2013

CANADIAN BUDGET $900 million in new spending, no new taxes or tax cuts. $400 million in revenue from closed tax loopholes and enforcement. Deficit grows to $18.7 billion, up $2.2 billion from November 2012… Read More