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  #2501  
Old Posted Jan 5, 2015, 11:59 PM
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Quote:
Originally Posted by esquire View Post
RT is trying to paint this as Obama waging economic warfare on Russia. As if Obama controls oil prices.
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  #2502  
Old Posted Jan 6, 2015, 12:04 AM
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Quote:
Originally Posted by biguc View Post
RT is trying to paint this as Obama waging economic warfare on Russia. As if Obama controls oil prices.
Yeah, these guys too... it's a bit like The Onion, but they're actually serious:

http://english.pravda.ru/

Actual headline: "USA instructs Russian Central Bank how to strangle Russian economy"

http://english.pravda.ru/russia/econ...entral_bank-0/
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  #2503  
Old Posted Jan 6, 2015, 12:29 AM
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Quote:
Originally Posted by esquire View Post
russia is the target of the price drop in oil were colateral we will weather it.

and if ur still missing me im refering to the ukrain stuff witch has allot to do with oil. and the global politics in that region controlling europes oil and gas access
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  #2504  
Old Posted Jan 6, 2015, 4:50 PM
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Quote:
Originally Posted by thefourthtower View Post
http://globalnews.ca/news/1528292/wo...ses-next-year/

Workers in Western Canada set for biggest raises next year

By Jamie Sturgeon Global News

Average wages in the oil and gas sector are expected to advance 3.8 per cent in 2015, the fastest clip in the country.
Canadian Press
If you’re fortunate enough to be gainfully employed in Calgary, Saskatoon or Regina, next year could well bring with it a comfortable pay hike.

Alberta and Saskatchewan, whose resource-based economies are leaving the rest of the country in the dust, again top an annual monitor of wage growth across provinces and cities.
Amazing how quickly things change isn't it? Just like all the doomsayers are saying >$50/bbl oil is the new norm, we will probably be back up to the $100 price point in the next 2 years. Change is constant.
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  #2505  
Old Posted Jan 11, 2015, 12:18 AM
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Another example is like when Rob Ford was elected and all of his supporters said he would be the best mayor ever, but he turned into an unaccomplished crack addict. Nothing is set in stone!
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  #2506  
Old Posted Jan 13, 2015, 9:46 PM
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Several other Banks and the BoC are saying what we all know intuitively, that low oil prices are bad for Canada. For some bizarre reason the RBC's economist said it will be a slight positive. The RBC theory is that the extra money in consumers' pockets will outweigh the cuts in investment in the oil patch, job losses and lower export proceeds. RBC seems to forget that gas purchases by consumers are consumer spending.

If you hand $500 of that back to every consumer, first of all they won't spend it all. Some will be saved, so consumer spending overall will drop. Further consumer's will spend a lot of that money on things like vacations, electronics, clothes and other consumer items. Much of that money goes out of the country, while most of the cost of gas stays here and goes to the retailer, transporter, refiner, producer and governments.

http://www.newstalk980.com/content/l...s-recovery-boc
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  #2507  
Old Posted Jan 13, 2015, 10:52 PM
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A terrific timelapse of the construction of the Aura at College Park condo. I saw this just as it was topped out in May, it is spectacular.

http://urbantoronto.ca/news/2015/01/...k-rise-skyline
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  #2508  
Old Posted Jan 15, 2015, 1:19 AM
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  #2509  
Old Posted Jan 21, 2015, 8:15 PM
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I was somewhat surprised when I opened the Free Press homepage and it had the Hillary Clinton discussion streaming live and it actually was working! Right on the top of the home page. Not that I really care what she was saying. But those free press live streams are notorious for being non functional and frustrating to watch. Good on them for that one.
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