Pacific NorthWest LNG Signals Move Forward in BC
The Petronas led Pacific NorthWest LNG backs a $36 billion plan to develop shale gas in northeastern British Columbia, export by tanker, and begin construction by late 2015 pending government approvals. Industry experts call the decision a hopeful sign for Canada’s LNG sector despite community concerns near Skeena River.
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Calgary
British Columbia
Pacific NorthWest
B.C
Ottawa
Michael Culbert
Canadians’ debt ratio edges lower in Q1 amid volatility
Statistics Canada reports the household debt to disposable income ratio fell to 163.3 percent in Q1 from 163.6 percent, signaling a tiny improvement. Personal income rose 0.9 percent while debt growth slowed to 0.7 percent, with economists noting the change is not a trend and that high debt remains a key risk for Canada’s economy.
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Ottawa
Bank of Canada
TD Bank
Leslie Preston
Canada
Statistics Canada
BMO
Benjamin Reitzes
Reitzel
Oil patch downturn forces career changes in Calgary job market
As roughly 2,000 attend the Global Energy Career Expo in Calgary, recruiters say one in four companies are hiring versus last year. With 25,000 oil and gas layoffs since September, candidates like Rashad Bayramov weigh shifts to mining or other sectors while noting employer doubts about commitment and the lure of long term relocation.
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Calgary
Rashad Bayramov
Bayramov
Tarang Jain
University of Alberta
Brenda Cullum-Shergold
Bowen Recruitment Agency
Thad
Callum-Shergold
Jim Fearon
Central Canada
Hays
Edmonton
Fearon
Jain
Greek debt talks push markets lower worldwide
Global markets fell as renewed fears of a Greek default surfaced after the IMF walked out of debt talks. The S&P/TSX dropped 89.73 points while the Dow, Nasdaq, and S&P 500 also declined. Oil and gold slipped as Greece seeks new proposals amid stalled negotiations.
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Hoone
U.S
New York Mercantile Exchange
New York
International Monetary Fund
Greece
IME
Athens
Europe
Germany
DAX
France
Britain
Ninh Chung
SVB Asset Management
Chung
Associated Press
U.S. Labor Department
Statistics Canada
U.S. Federal Reserve
Canada
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