10 Second Headlines

Aug. 30, 2013

ALBERTA BUDGET – QUARTERLY UPDATE Revised deficit will range between $1.2 billion and $2 billion vs previous estimate of $1.975 billion. Expected WTI average price has been increased to $94.81 vs $92.50 and Western… Read More

Aug. 23, 2013

US Central Bank: Tapering? Ten year US Gov’t notes have increased in yield from 1.90% on May 22nd to 2.92% today. In the last 12 months, US Gov’t securities ten years and longer plunged… Read More

Aug. 16, 2013

Why should Canada continue to import oil? (Stefane Marion NBF Economics) In 2012 Canada imported 723,000 barrels a day from foreign producers, about $30 billion, with half coming from OPEC countries. In the US… Read More

Aug. 9, 2013

Canadian Employment Canada lost 39,000 jobs in July and the unemployment rate rose to 7.2% vs 7.1%. 74,000 jobs were lost in the public sector, led by 47,000 jobs lost in health care and… Read More

Aug. 2, 2013

NBF GLOBAL REPORT HIGHLIGHTS US continue to outpace Europe: European car sales are the lowest since 1996 and Germany’s are the lowest since 1990. US car sales are the highest since 2008. Electricity prices… Read More

Jul. 26, 2013

PROVINCE OF ALBERTA “HAND UP PLAN” The “Hand-up Plan” is a partnership between the province and financial institutions to get loans into the hands of small business or not-for profit organizations. Firms with gross… Read More

Jul. 19, 2013

OIL AND GAS The spread between Brent Crude and West Texas Intermediate (WTI) has essentially been eliminated due to increased pipeline capacity in the US. The spread had been as wide $25 in December… Read More

July 12, 2013

BERNANKE GOES ON THE OFFENSIVE “Highly accommodative monetary policy for the foreseeable future is what’s needed in the US economy” according to Ben Bernanke in his speech this week in Cambridge, Mass. He went… Read More

July 5, 2013

NORTH AMERICAN EMPLOYMENT DATA CANADA Canada lost 400 jobs in the month of June. The unemployment rate remains at 7.1%. Alberta’s June unemployment rate rose to 5% from 4.8% and does not reflect the… Read More

Jun. 28, 2013

IMPACT OF FLOODING IN ALBERTA Flooding has occurred from Fort McMurray in northern Alberta to Medicine Hat in the south. Flooding has affected about 12% of Calgary residential real estate. Alberta Health Services is… Read More