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CBC News Alerts @CBCAlerts
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Bank of Canada leaves key lending rate unchanged at 1.75%. Bank had been widely expected to leave rate intact after recent decline in oil prices and Alberta's oil production cut. Province's move is projected to slow Canada's GDP growth. Background: cbc.ca/1.4932506
Loonie falls below 75 cents US after Bank of Canada keeps interest rate intact at 1.75%. Dollar off almost 2/3 of a cent to 74.80; hasn't been below 75 cents since June.
Update @CBCNews: Bank of Canada leaves key rate unchanged, but decision sends loonie below 75 cents US for 1st time in months. cbc.ca/1.4933075
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Watch live: Toronto-area mother and son reunited 31 years after alleged parental abduction. Son was a toddler when he disappeared, and grew up thinking his mother had died. Pair due to speak shortly at Toronto police headquarters. cbc.ca/1.4882080
Toronto-area mother reunited with son who was allegedly abducted in 1987 says she first 'squeezed his head to see if he's real.' Says son told her 'Oh mommy, you have my eyes.' Says they held each other 'for a long time.'
Lyneth Mann-Lewis says she will call her son by whatever name he wants to be called. Jermaine Mann was allegedly abducted 31-years ago from his Toronto home when he was less than 2-years old, and has lived under an assumed name in the United States ever since.
Read 4 tweets
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'The Max Bernier that I supported during the leadership race wouldn't have taken the position he's taking now,' Tory MP Tony Clement says, comparing Bernier's diatribes against 'extreme multiculturalism' to Kelly Leitch's unpopular ideas. cbc.ca/1.4789256
Liberals say a fundraising campaign based on Conservative MP Maxime Bernier's controversial comments about diversity has raised 77% more money than any of their previous issue-based efforts. cbc.ca/1.4790143
Sign bearing Winnipeg park's new name, Jinnah Park, vandalized days after Conservative MP Maxime Bernier singled out the park in a tweet railing against 'extreme Liberal multiculturalism.' cbc.ca/1.4789917
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BREAKING: Saudi Arabia recalls its ambassador to Canada, considers Canadian ambassador persona non grata. Freezes all new trade and investment transactions with Canada: Saudi Press Agency.
Comes days after Canadian government said it was 'gravely concerned' about arrests of activists in Saudi Arabia, including sister of jailed blogger Raif Badawi, and called for their release. Background: cbc.ca/1.4770268
Latest on Canadian relations with Saudi Arabia:
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Related threads

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Might have to do a thread on the WSJ editorial page views on monetary policy through the years
April 2008 wsj.com/articles/SB120…
"As the Fed's open-market committee meets this week, what the world wants is a revival of American monetary leadership. It wants the Bernanke Fed to stop the global run on the dollar, and that means declaring an end to its rate-cutting mistake."
June 2008 wsj.com/articles/SB121…
"The Fed's dollar indifference has sent an inflation shock through those dollar-linked economies...The result has been the largest decline in America's global economic influence since the 1970s."
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#Ottawa has not failed #Alberta!!

Watch this video from Oct 15th explaining why #ABoil prices were on the decline.

#BNN US refineries, which have been offline during maintenance work, may help explain the recent decline in Canadian #Oil prices

#Abpoli #Ableg #Cdnpoli #Yyc #Yeg
#CtvNews🎥@JustinTrudeau "In order for a pipeline to come online this week, it would have to be started effectively, under the previous #CPC Gov, & we know that didnt happen, because they didnt have the right approach on pipelines"

#Abpoli #Ableg #Alberta #Cdnpoli #Aboil
Bill C69 or C48 did not delay these piplines. Failed environmental assessments & a lack of sincere #Indigenous consultations caused these delays.

#KeystoneXL (Court delays)
#TMX delayed (IC)
#EnergyEast cancelled
#NorthernGateway delayed (IC)

#Abpoli #Ableg #Alberta #Cdnpoli
Read 10 tweets
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Thread: It is NOT only about #oil, Mr President
1. By threatening to pull US troops from Middle East because US oil production is ⬆️ & Middle East's oil is no longer needed, President Trump is contradicting himself on one hand & bringing a death sentence to US tight oil growth.
2. If it is about #oil only, those countries can crash the market for a long period and reduce US oil production by more than 3 mb/d, making the US more dependent on the Middle East again.
3. But #Trump is missing the point: He needs Middle eastern oil more than ever because of crude quality issues. It is no longer about quantity, Mr. President!
Read 8 tweets
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REAL INVESTMENT REPORT - $OIL SENDS A CRUDE WARNING. A look at the warning sign being thrown off by the decline in #oil and what it may mean for the markets. $SPY $TLT realinvestmentadvice.com/oil-sends-a-cr…
Those suggesting the drop in #oil is only a "supply problem" are looking at economic data which is both lagging and subject to revisions. Oil is telling you the global slowdown is coming home. $SPY $TLT realinvestmentadvice.com/oil-sends-a-cr…
Given the energy bonds make up about 15% of the high-yield index, the drop in oil prices is a huge #redflagwarning investors should be paying attention to. $JNK $SPY $TLT realinvestmentadvice.com/oil-sends-a-cr…
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Today the First Nations challenge to #SiteC in BC Supreme Court resumes, asking for an injunction to stop work on the dam until the rest of the Treaty 8 infringement case is decided in court. A critical case for BC. Follow the #SiteC & #SiteCInjunction hashtags this week! #bcpoli
Heading over to 800 Smithe now for 9:45 entry. All are welcome to be in the courtroom - please join us. Latecomers not admitted; proceedings start 10 am sharp. #bcpoli
This final week of the #SiteCinjunction hearing involves lawyers from the Province of BC (we have already heard from @sage_legal on behalf of West Moberly & Prophet River FNs, and BC Hydro's lawyers. #bcpoli #SiteC
Read 238 tweets
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Thread....
What is the size of the global #oil spare production #capacity?
1- Spare capacity doesn't matter, what matters is the "effective spare capacity", which is what you can bring on line within 90 days of crude quality that buyers are willing to buy.

#OPEC
2- therefore, there are three conditions:
a- Supply: has to be produced within 90 days
b- Demand: Buyers are willing to buy it: crude quality and price wise
c- Delivery: Ability to deliver to byers. Stranded #oil production with no pipeline to transport should not be counted,
3- Effective spare capacity can be maintained for a long period if needed. Here we have to distinguish between "effective spare capacity" and "surge capacity." If those countries have to increase production only for few days, they can use surge capacity, which is way higher
Read 8 tweets

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