Financial Markets
Enbridge CEO urges tanker ban end, says no company will build ‘pipeline to nowhere’
PositiveFinancial Markets
Enbridge CEO Greg Ebel has called for an end to the tanker ban, arguing that it hinders Canada's economic potential. He believes that lifting the ban is essential for companies to invest in infrastructure projects that can benefit the economy. This discussion is crucial as it highlights the balance between environmental concerns and economic growth, a topic that resonates with many Canadians.
Should Ottawa raise the GST to pay down debt or fund more spending?
NeutralFinancial Markets
A group of Canadian business leaders has expressed support for raising the Goods and Services Tax (GST) as a potential solution for the government to quickly generate revenue. This discussion comes amid ongoing debates about how to manage national debt and fund essential services. The implications of such a tax increase could significantly impact consumers and businesses alike, making it a crucial topic for Canadians.
As U.S. government shutdown begins, Wall Street and Bay Street hit records
NegativeFinancial Markets
The U.S. government shutdown has begun, causing Wall Street to experience a rocky start as fresh labor market data indicates ongoing weaknesses in employment. This situation is significant as it not only affects the financial markets but also raises concerns about the broader economic implications and the potential for increased uncertainty among investors.
Minimum wage raised in 5 provinces, with Alberta now the lowest
PositiveFinancial Markets
In a significant move to support workers, five provinces have raised their minimum wage, addressing ongoing affordability challenges. This change is crucial as it aims to improve the financial well-being of many individuals and families. However, Alberta has chosen to maintain its minimum wage, resulting in it becoming the lowest in the country. This situation highlights the varying approaches to worker support across Canada and raises questions about the impact on those living in Alberta.
Imperial Oil to cut workforce 20% by end of 2027
NegativeFinancial Markets
Imperial Oil, based in Calgary, has announced plans to reduce its workforce by 20% by the end of 2027, impacting approximately 1,020 employees from its current total of 5,100. This significant cut raises concerns about job security and the company's future direction, highlighting the challenges faced in the oil industry amid changing market conditions.