Concerns over carbon tax and pipeline capacity have oil investors shying away from Alberta
Alberta could see a mild recession as oil investors could be looking south of the border. That’s according to the Conference Board of Canada which released its provincial outlook. It is due to concerns over the federal carbon tax and the capacity of pipelines. China cutting off canola imports is also hitting the province financially.
Alberta wildfire grows to a quarter million hectares
More than 10,000 people have now been forced from their homes as a northern Alberta wildfire continues to burn out of control. The Chuckegg Creek blaze moved almost the length of an NHL hockey rink per minute overnight. The province’s forestry minister said the weather hasn’t been cooperating and the future doesn’t look better.
Trump slaps Mexico with tariffs on all imports
After being close to the new NAFTA deal, U.S. president Donald Trump made an announcement that could compromise it. Trump said he is hitting Mexico with five percent tariffs on all imports to the U.S. The move is intended to put pressure on Mexico to crack down on migrants trying to cross into America.