10 Second Headlines

Enbridge Line 3 Minnesota Public Utilities Commission (MPUC) approved Enbridge’s Line 3 Replacement project, including their preferred route. Enbridge reaffirmed expected in-service date of H2 2019 for the 1,600km project. Line 3 will restore… Read More

Marijuana Justin Trudeau set Wednesday, October 17 as the date recreational marijuana will become legally available after a 95-year prohibition. The House of Commons accepted some earlier Senate amendments while rejecting a contentious one… Read More

David Dodge: Bennett Jones – Spring 2018, Economic Outlook Global expansion will continue well into 2019, supported in the US by consumer and business confidence. Ten year US bonds will peak at 3.5%. The… Read More

Ontario elections Doug Ford’s Progressive Conservative party won a majority in the Ontario election, ending 15 years of Liberal Party rule. Ford ran on the platform of tax cuts for businesses and the middle… Read More

Trade tariffs – US imported tariffs Canada retaliated with tariffs on $16.6 bill of US goods, the strongest response since WWII. Targeted for maximum political pressure – will cover range of imports, such as… Read More

Canada The government of BC is suing AB over the legislation that allows restriction on gasoline shipments to BC. AB Premier is not surprised, yet calls the action premature, because AB has yet to… Read More

Canada Canadian inflation rate at 2.2% vs 2.3% estimated. Alberta passed legislation giving the province the power to cut off gasoline shipments to BC. Federal Government is prepared to reimburse Kinder Morgan Canada for… Read More

Canada Canada is ranked second in tax levies for G7, only trailing France. Canada’s highest rate kicks in at a lower income than do rates in most OECD nations. Canadian taxes collected, overall, are… Read More

David Dodge: “we are shooting ourselves in the foot” David Dodge, past Governor of the Bank of Canada, says there are currently two issues: “One, we in Canada have been shooting ourselves in the… Read More

Central banks Q1, U.S. GDP grew at an annual rate of 2.3% Y/Y vs 2% estimate, increasing probability of a Fed rate increase in June. UK economy grew at its lowest pace in 5… Read More