10 Second Headlines

CANADA National Bank Financial Banking Sector Review (January 13, 2019) Mortgage growth slowed sharply in 2018, November was a 20 year low, due to higher interest rates and stricter regulations Higher loan loss reserves… Read More

CANADA National Bank Financial Chief Economist and Strategist, Stéfane Marion, spoke at the Canadian Economic Club on January 9, 2019. Click here for the full report. Over the past decade workers aged 55+ have… Read More

SAVING FOR RETIRMENT IS NOT TOP PRIORITY FOR CANADIANS (Investment Executive) 6% of Canadians have saving for retirement as a priority vs 7% prioritizing saving for a vacation. 12% said growing wealth is a… Read More

Wishing you a very happy Holiday Season! 10 Second Headlines will return on January 4, 2019 CANADA Alberta’s 2018 potato production is now in excess 2.23 billion pounds, virtually the same as PEI. Alberta’s… Read More

HOW DEADLY IS FENTANYL Fentanyl is so potent that only takes a few milligrams to kill a person; 118 pounds of fentanyl can kill 25 million people. Fentanyl is 50x more potent than heroin,… Read More

NOVEMBER CANADIAN EMPLOYMENT Employment rose by 94,000; unemployment rate dropped 0.2% to 5.6%, the lowest since comparable data became available in 1976. M/M private sector employees increased by 79,000. Y/Y private sector job increase… Read More

ALBERTA ECONOMIC UPDATE Finance Minister Joe Ceci provided Alberta’s Q2 economic update today: Alberta’s debt is $41 billion; Calgary Herald is expecting total debt in-excess of $90 billion by 2023-2024 Provincial deficit 2018-2019 is… Read More

ENERGY In the past 10 years, US companies have drilled 114,000 wells in the Texas Permian basin many of which are profitable at US$30 per barrel. 3 new pipelines will be online from the… Read More

ENERGY Cdn Assoc. of Petroleum Producers estimates that the deep Western Canadian Select discount is costing Canada approx. $50 million/day for a total of $13 billion in the first 10 months of 2018. Premier… Read More

IMPERIAL OIL $2.6 BILLION ALBERTA OIL SANDS Imperial Oil to begin construction in Q4 2018 of the $2.6B solvent-assisted SAGD (steam assisted gravity drainage) Aspen project, located northeast of Fort McMurray. 1st phase 75,000… Read More