10 Second Headlines

Alberta Investment Management Corporation (AIMCo) AIMCo had a performance return of 10.4% for 2017, finishing the year at $103.7 billion, and generating an additional $1 billion in added value for 32 clients, who include:… Read More

Trans Mountain Pipeline Kinder Morgan has suspended all “non-essential” spending on its Trans Mountain pipeline Federal Finance Minister Bill Morneau said: “We know that showing Canada is a place where important projects can get… Read More

North-American job data Canada added 32,000 jobs in March, driven by full-time gains; unemployment 5.8% Alberta added 8,300 jobs in March, all being part-time; unemployment rate 6.3% vs 6.8% M/M, lowest since 2015. Alberta… Read More

Provincial budgets Quebec plans to balance its budget for the 4th straight year. Program expenditures will increase 4.7%; revenue climbs 2.2%. $3.6 billion of new investment in health care; $1.6 billion in education over… Read More

Alberta Budget 2018-19 deficit at $8.8 billion, equivalent to ~18% of total revenue. Net debt-to-GDP ratio will increase to 8.7% fiscal 2019 vs 6% in 2018; 12.4% by 2020-21. Alberta will borrow $15.4 billion… Read More

Canada Manitoba has introduced tax cuts effective January 1, 2019. Province will increase the personal basic exemption by $1,010 and another $1,010 in 2020. Plan raises the small business income tax threshold to $500,000… Read More

Lt. Governor Lois Mitchell, Speech from the Throne – March 8, 2018 “We are stronger when we look out for each other.” Our jobs, our money are being transferred to the U.S. Bill 1,… Read More

Alberta Bitumen Alberta announced that it will commit $1 billion to partial upgrading investments in the province, including $800 million in loan guarantees and $200 million in direct grants. Partial upgrading requires little or… Read More

BC Property Taxes The new annual property tax (the ‘speculator tax’) taking effect fall 2018, appears to be targeting Albertans and absentee home owners who do not pay income tax in B.C., as Whistler,… Read More

Winter rail challenges Increased demand from agriculture and the oil industry, combined with harsh winter conditions, created a rail car shortage, and the worst backlog in grain shipments since 2013. With Alberta pipelines at… Read More