When we started our newsletter almost 10 years ago it was called "More Good News" because there WAS always more good news to write about. I looked at the links that were selected for the blog today and wanted to call this blog "More Bad News"
The job losses in Alberta, falling house prices and reduced drilling forecast for 2016 in the oilsands to name a few. It's easy to get caught up in the sky is falling mentality. It's not our first bust, not the first time real estate prices have dropped and not the first time oil prices have fallen. The best thing to do is keep your head down focus on your business ( no one elses) and ensure you're playing your "A" game.
My "A" game means impeccably renovated rentals, an aggressive approach to tenanting and watching my loonines and toonies. That's all. Oh and not getting caught up in the media.
So, instead of all that news up there, why don't you read about the love between a man and a penguin, how we live in the freest country in the world (not sure why Trudeau is the image) and how this library waived nearly $1,000,000 in overdue fees.
Enjoy.
Showing posts with label good news and bad news. Show all posts
Showing posts with label good news and bad news. Show all posts
Tuesday, November 03, 2015
Sunday, June 28, 2009
Good news and bad news
Alberta's economy will take some hits before rebounding in 2010 according to Premier Ed Stelmach.
"It's just not oil and gas prices, but it's the value of the dollar, the manufacturing sector, and that's why we're promoting Alberta globally, because we have to find new markets for our products."
RBC says that Saskatchewan, Manitoba and Nova Scotia are expected to show economic growth in 2009. The rest of the provinces should be on track by 2010.
So basically Alberta, a province with until recently the most growth, will experience negative growth like most other Canadian provinces until 2010.
What's the good news?
"The good news here is the downturn is giving the province's overheated economy time to breathe and is allowing energy companies time to redevelop their stalled megaprojects to being more environmentally friendly."
"It's just not oil and gas prices, but it's the value of the dollar, the manufacturing sector, and that's why we're promoting Alberta globally, because we have to find new markets for our products."
RBC says that Saskatchewan, Manitoba and Nova Scotia are expected to show economic growth in 2009. The rest of the provinces should be on track by 2010.
So basically Alberta, a province with until recently the most growth, will experience negative growth like most other Canadian provinces until 2010.
What's the good news?
"The good news here is the downturn is giving the province's overheated economy time to breathe and is allowing energy companies time to redevelop their stalled megaprojects to being more environmentally friendly."
"As an example, the Canada West Foundation mentions Imperial Oil's announcement of its $8-billion Kearl oilsands project last month: "Sign of the times: the announcement included a mention of greenhouse-gas emission targets and was realistic about the technology upgrades required to meet them. The next cycle of oilsands development should be quite different from the previous one." Read More Good News About Alberta's Economy
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