Canada likely to remain in economic decline during 2021
The Bank of Canada says the first quarter of 2021 will witness a decline in GDP, and vulnerable service-industry workers are likely to be hit the hardest by the recent and ongoing lockdowns.
energy
Biden to cancel Keystone XL pipeline permit on Day 1 in office
On Biden’s first day in the presidential office, it is being reported that he will sign multiple executive orders including one that would revoke the construction permit for the Keystone XL pipeline. The permit was initially granted by President Donald Trump.
canada
The pandemic is making the rich richer and the poor poorer
“There has probably not been a better time to be wealthy in America than today”, adjunct professor Peter Atwater told Bloomberg.
arctic
Opinion | What is the anti-development agenda in Canada’s Arctic?
The Canadian oil and gas industry has been hamstrung by anti-development, anti-oil and gas activist organizations who have successfully impeded the ability to build pipelines for the past six years.
lawsuit
Group of Quebec entrepreneurs files lawsuit to nullify the govt’s excessive lockdown measures
On December 21st, the group Entrepreneurs en Action (EAQ, entrepreneurs in action) filed a lawsuit seeking to nullify the health emergency decrees in Quebec.
Despite economic uncertainty and gloomy prospects for Canada’s recovery, the Trudeau government announced it will hike its carbon tax from its current $30.00 per tonne price to $170.00 per tonne.
covid19
Hudson’s Bay takes Ontario government to court to review retail closures
On Thursday, December 10, Hudson’s Bay Company announced that they are asking an Ontario court to review the Ford provincial government’s decision to shut down non-essential retailers on the behalf of “thousands of large and small retailers in Toronto and Peel”.
#covid19
Chamber of Commerce Sues City of Seattle for Imposing ‘tax on the right to earn a living’
On Tuesday, December 8, the Greater Seattle Chamber of Commerce filed a lawsuit against the City of Seattle for “unlawfully imposing an unconstitutional tax on the right to earn a living.”
canada
Opinion | The ‘High-Cost’ Fuel Standard
With the expected announcement of the “Clean Fuel Standard” possibly only a few weeks away, there are some key points that Canadians should know before they will have to start paying for another costly regulatory policy.
chrystia freeland
BREAKING: Gloomy prospect for Canada as federal budget deficit nears the $400bn mark
Canada’s budget deficit is set to hit the historical figure of C$381.6 billion as the federal government’s spending continues. The Trudeau government is also considering another C$100bn stimulus package once the virus is curtailed.