10 Second Headlines

June 21, 2013

OIL AND GAS Exxon Mobil and Imperial Oil have submitted a proposal to process 30 million tonnes of Liquefied Natural Gas for export through British Columbia. Chevron, Shell, and Petronas have already submitted proposals.… Read More

Jun. 14, 2013

CANADIAN GOVERNMENT TO TARGET SICK DAYS IN NEXT ROUND OF COLLECTIVE BARGAINING Canadian government employees can use up to 15 paid sick days and 5 family days per year. On average, Canadian government employees… Read More

Jun. 7, 2013

NORTH AMERICAN EMPLOYMENT DATA CANADA Added 95,000 jobs in May, of which 76,700 were full time jobs and 18,200 were part-time. This was the largest monthly increase in a decade. May unemployment rate 7.1%… Read More

May 31, 2013

PIMCO – MAY 29TH CONFERENCE CALL – ‘SAFELY DELEVERAGING IS THE NEW NORMAL’ Bill Gross and Mohamed El-Erian (PIMCO) are focused on the next 3-5 years, they believe ‘safely deleveraging is the new normal’.… Read More

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