Oil and gas companies are facing a labor shortage that poses serious risk to the industry’s efforts to recover from the tumult of the past two years. Some workers are moving to the renewable energy space, while others are leaving the industry altogether. … READ MORE >
Canada
Canada’s unemployment rate rises as omicron spreads
Canada lost 200,000 jobs in January as the omicron variant led to tightened restrictions across the country, according to data released by Statistics Canada on Friday. … READ MORE >
Canada’s GDP surpasses pre-pandemic level
Canada’s gross domestic product in November rose by 0.6%, surpassing the pre-pandemic level by 0.2% thanks to growth across almost all sectors of the economy. … READ MORE >
The future of office requires sun, flexibility and creativity: Spring 2022 outlook
Class A offices in the Sun Belt are gaining in popularity, reflected by higher prices. Flexible offices are emerging amid an uptick in remote and hybrid work. Conversions to industrial and residential space will continue to absorb excess office capacity. Read about other sectors The arrival of the omicron variant … … READ MORE >
This week in energy: Oil releases, Ukraine tensions, Canada investments
We take a look at the release of more oil from U.S. strategic reserves, the swing in natural gas prices amid tensions between Ukraine and Russia, and an anticipated spike in oil and gas investment in Canada. … READ MORE >
Bank of Canada keeps rates steady but prepares for rate hikes ahead
The Bank of Canada kept its policy rate at 0.25% at its January meeting on Wednesday as it prepares to hike rates in March and subsequently draw down its balance sheet. … READ MORE >
Canada inflation highest since 1991 as supply chain disruptions continue
Canada’s consumer price index hit 4.8% in December, the highest since 1991 as supply chain disruptions continued, according to data released by Statistics Canada on Wednesday. … READ MORE >
Housing starts in Canada fall as materials remain in short supply
Canada’s housing starts in December fell to 236,100, a drop of 22.3% from November because of material shortages following the floods and landslides in British Columbia that kept construction materials stranded at the Port of Vancouver. … READ MORE >
This week in energy: Global market turbulence, Canada’s oil outlook, energy transition
In this week’s energy industry analysis, we take a look at the energy market implications of unrest in Kazakhstan, a strong outlook for Canada’s 2022 oil production and the continued importance of environmental, social and governance issues in the energy transition. … READ MORE >
RSM Canada Supply Chain Index shows continued strain
Supply chain disruptions in Canada worsened in December as businesses continued to be hindered by the fallout from flooding in British Columbia and a shortage of workers. … READ MORE >