North American railroads typically transport oil and other hazardous materials with care and caution. Yet the disastrous train wreck in Lac-Megantic on the U.S.-Canadian border points to the risks involved. A runaway train carrying crude oil exploded in a fireball, devastating the town. In all commerce, public safety risks have to be weighed. This frightening crash points to a fact […]
Archive for July, 2013
Canada’s Got Oil, But What Are We Going to do With It? | The Motley Fool
Canada is the sixth largest producer of oil and ranks third in the world for total proven reserves, mostly thanks to Alberta’s oil sands. This oil rich area of Canada now accounts for approximately 98% of Canada’s proven oil reserves. Nearly all of the oil exported by Canada is targeted to our neighbor to the south, the United States. Though […]
U.S., Canada meat groups ask court to block U.S. labeling rules | Reuters
Eight meat and livestock groups from the United States and Canada have asked a court to strike down stricter U.S. meat labeling rules that they say have hurt U.S. processors and Canadian farmers, arguing that they violate the U.S. Constitution. The suit, filed late on Monday, seeks to undo recent revisions to four-year-old rules that required retail outlets to label […]
Death Toll in Canada Oil Train Disaster Set to Increase, U.S.-Canada Oil Shipment Via Train Criticized – Commodities & Futures
The quiet town of Lec-Megantic, Quebec, Canada was rocked with a massive catastrophe as an oil train was derailed from its tracks and the tanker cars exploded. The train oil tanker that got derailed in Lec-Megantic, Quebec left at least 13 people dead, 50 people missing and around 6,000 residents displaced. After the accident was declared under control, authorities were […]
Better U.S. job numbers good news for Canada’s stagnant labour market – The Globe and Mail
The contrast between the Canadian and U.S. June employment numbers highlights a growing reality: About the best thing Canada’s economy has going for it is the U.S. economy. Canada’s job count for the month was virtually unchanged from May (officially, an inconsequential 400-job dip), a slap of reality after the giddiness brought on by May’s massive 95,000-job surge. For the […]
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