New modelling from the Canada Energy Regulator suggests Canadian oil production will plummet by 2050 — and large portions of Alberta’s oilsands facilities will be shut down — if the world is successful in reaching net-zero greenhouse gas emissions within that time. The scenario is one of three laid out in a report released Tuesday, […]
Canada’s grocery sector needs more competition to help keep food prices down and encourage new entrants, the country’s competition watchdog has found. In a highly anticipated study released Tuesday, the Competition Bureau said concentration in the grocery industry has increased in recent years and the largest grocers have grown the amount they make on food sales. Most Canadians buy […]
Saskatchewan politicians have rapidly increased international travel since COVID-19 pandemic restrictions were loosened as Premier Scott Moe remains laser-focused on global markets. A Canadian Press analysis of publicly available data on out-of-province ministerial expenses shows a more than 33 per cent increase in spending on international trips for Moe and his ministers from 2018 to 2022. […]
Canada’s jobless rate ticked higher to 5.2 per cent in May, marking the first increase since August 2022 as economists have been watching for any sign of a softening labour market. Overall employment was little changed last month as the economy lost a modest 17,000 jobs, Statistics Canada reported Friday. “Today’s negative print ends a […]
The Bank of Canada announced a quarter-percentage point rate hike Wednesday, the first interest rate increase since January, as high inflation persists. The central bank announced a pause earlier in January. Its key interest rate now sits at 4.75 per cent, the highest it’s been since 2001. “Based on the accumulation of evidence, governing council […]
Canada’s only rare earths mining company is pausing all construction at its Saskatoon processing facility. Vital Metals said in a news release Wednesday the pause will allow the company to conserve cash and seek other sources of funding to potentially build a sustainable business model for the facility. The company had planned to complete a […]
Premier Scott Moe has claimed that Saskatchewan’s economy is “leading the nation.” Recent labour force numbers from Statistics Canada show Saskatchewan isn’t the leading nation but is among the best in Canada in terms of its economy. Saskatchewan’s employment rate (64.1 per cent) is third, the unemployment rate (4.7) sits tied for third, and the […]
The Bank of Canada announced today that it will continue to hold its key interest rate steady at 4.5 per cent, as was widely anticipated by economists. The central bank says recent data is reinforcing its confidence that inflation will continue to fall in the coming months. Canada’s annual inflation rate fell to 5.2 per […]
The Saskatchewan government has launched a Critical Minerals Strategy to drive growth and development of the mineral industry. Premier Scott Moe says this province is a critical minerals leader today and will be a critical minerals powerhouse tomorrow. He says the province has the opportunity to become a critical minerals hub and contribute to the […]
The Minister of Natural Resources Canada says Saskatchewan is in a good position as the world transitions to Net Zero emissions by 2050. Jonathan Wilkinson says Saskatchewan is already a world leader in uranium and potash and now there is an increased need for these resources. Wilkinson adds the agriculture sector will be important in […]
