Economy

How Is it That Norway Is Rich and We Are Not?

Alberta's economy is on the precipice of free-fall where Norwegians are able to look over the precipice and know that they are not going over it. How did this happen? The simple answer is that Norway decided to de-link its economy from oil revenues and Canada did not.
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2014 Could Be the Hottest Year on Record. What's the Plan, Canada?

It's become a cliché to say that out of crisis comes opportunity. But there's no denying that when faced with crises, we have choices. The opportunity depends on what we decide to do. What choices will we make when confronted with the fact that 2014 will likely be the hottest year on record? Will politicians close their eyes while fossil fuel industry executives shovel money at them and enlist propagandists to spread misinformation and lies?
CP

Canada's Economy Shrinks

OTTAWA - Statistics Canada says the country's economic output fell slightly by 0.1 per cent in August, the first month to show a decline this year.Economists had expected no change in August from July...
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Clean Tech Is Good For the Economy and Environment

Although extraction, use and export of natural resources are economically important and will remain so for some time, we're starting to diversify. According to Ottawa-based consultants Analytica Advisors, clean technology, or clean-tech, is the country's fastest-growing industry. The firm's "2014 Canadian Clean Technology Report," found direct employment by clean-tech companies rose six per cent from 2011 to 2012, from 38,800 people to 41,000, with revenues increasing nine per cent to $11.3-billion.
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Nigeria's Optimism Amid Ebola's Threat

Optimism resides in Nigeria, despite the potential horrors of Ebola's global spread. Why so? As of September 23, the Centers for Disease Control has 21 confirmed cases with eight deaths in Nigeria from Ebola. That number is low. This is, in part, because childhood education is essential to the rising Nigerian economy.
CP

We Still Needs Economic Stimulus: BoC

TORONTO - Canada's struggling economy still needs the extra boost of monetary stimulus to help keep the recovery on track, says Bank of Canada senior deputy governor Carolyn Wilkins.She said "persiste...
Canada, a G7 country, boasts one of the world's largest economies, ranking 11th in the world by GDP. The country's focus in recent years on resource extraction has had both its good points and bad; good, because high energy and commodity prices kept Canada's economy humming during the economic downturn of recent years; bad, because resource extraction brings with it environmental controversy, such as the one surrounding the Keystone XL Pipeline. How Canada resolves these tensions, and builds an economy for the 21st century, is among the central questions facing the country.