Category: Canada

How much natural gas resource does Canada have? As of 2021 Canada is estimated to have 1,373 trillion cubic feet of natural gas resources, an amount equal to over 200 years of current annual demand. Where does most of Canada’s natural gas come from? Natural gas production in Canada is predominantly from the Western Canadian […]

On December 18, 1998, Canada was the 14th country to sign the Rome Statute of the ICC. On June 29, 2000, Canada enacted the Crimes Against Humanity and War Crimes Act, becoming the first country in the world to adopt comprehensive legislation implementing the Rome Statute. Which countries are not members of the ICC? Dozens […]

It turns out that Petro-Canada has over 200 full service gas stations all across the country – and a few of them are near me! More importantly, a few of them may be near you too. Here’s how to find out, using our handy gas station locator. Go to the Petro-Canada site. Does Canada have […]

$1.3-billion. More Related Stories. EDMONTON — Alberta’s finance minister says the province’s $1.3-billion investment of taxpayers money in the now-defunct Keystone XL pipeline project was a prudent gamble given the potential payoff in profits and… How much did Canada spend on the Keystone pipeline? The Alberta government became an investor to spur TC Energy to […]

The Canadian economy is running hot And globally, we’re still seeing supply chain bottlenecks and high commodity prices, both of which contribute to inflation here in Canada. Domestically, demand continues to outpace supply. Consumer spending, particularly on services, was robust in the second quarter of 2022. What causes inflation in Canada 2022? With further increases […]

The Bank of Canada doesn’t set mortgage rates. But it does have some impact on them. When the economy is strong, we may raise this rate to keep inflation from rising above our target. Likewise, when the economy is weak, we may lower our policy rate to keep inflation from falling below target. Does the […]

This was due in part to the global oil crisis and the OPEC oil embargo. With record-high prices for oil in August 1980 that continued into 1981, the Bank of Canada rate hit an all-time high of 20.03% in August 1981. Why was prime rate so high in 1980? The reason interest rates, which ultimately […]

The average pay raise is 3%. A good pay raise ranges from 4.5% to 5%, and anything more than that is considered exceptional. Depending on the reasons you cite for a pay raise and the length of time that has passed since your last raise, you could request a raise in the 10% to 20% […]

Under Canadian and United States competition laws, price fixing is illegal. The practice is deemed anti-competitive and ultimately hurts consumers and businesses. Is it legal to price fix? Price fixing, bid rigging, and other forms of collusion are illegal and are subject to criminal prosecution by the Antitrust Division of the United States Department of […]

Provincial tax revenues usually go to fund road repair and construction, and additionally in some provinces a portion of revenues (for example, 2 cents/litre in Ontario) is also distributed directly to municipalities. Where does the Fed gas tax go? Federal Excise Tax Pays for Highways and Transit. The federal government dedicates about 85 percent of […]