National Economy

[theman23]

Originally Posted by whatnext

Sure, that’s part of it but BC Hydro has to deal with more challenging terrain as well as winter storms.

It’s likely the entire story, actually. The majority of BC hydros customers are in an urban area, whereas Hydro one covers solely rural and remote areas. Obviously reliability is going to be worse in the latter. Ontario’s cities usually have their own municipal hydro utilities. Hydro Toronto, Ottawa Hydro, Enova, and Alectra are all municipal Ontario hydros and have a larger customer base than Hydro one. They’re also all at the top of the chart when it comes to reliability.

[YOWetal]

Originally Posted by Truenorth00

I said this in the other thread. I related my history with a startup in a post that got deleted. It's insanely hard to raise capital in Canada, for just about anything, but real estate. And my history happened before this current government. Both of our major parties have been overly reliant on real estate to prop up the economy.

This might be true generally but is certainly not the reason Australia is eating our lunch in mining. We have world class capital markets for mining companies at all stages. It's our dysfunctional approval process and our culture of letting the loudest voices block anything.

[casper]

Originally Posted by YOWetal

This might be true generally but is certainly not the reason Australia is eating our lunch in mining. We have world class capital markets for mining companies at all stages. It's our dysfunctional approval process and our culture of letting the loudest voices block anything.

That is the reason Australian companies have been buying smaller Canadian companies and getting projects approved in Canada?

[Loco101]

Originally Posted by theman23

It’s likely the entire story, actually. The majority of BC hydros customers are in an urban area, whereas Hydro one covers solely rural and remote areas. Obviously reliability is going to be worse in the latter. Ontario’s cities usually have their own municipal hydro utilities. Hydro Toronto, Ottawa Hydro, Enova, and Alectra are all municipal Ontario hydros and have a larger customer base than Hydro one. They’re also all at the top of the chart when it comes to reliability.

That is true about Hydro One. I believe Timmins where I live is the most populated municipality in Ontario covered by the company.

[MolsonExport]

Originally Posted by Hackslack

What are other countries situation as far as RV’ing? My take is that a lot of households own a truck for leisure, to pull their trailer s or 5th wheels. Apparently 15% of Canadians own one.

No wonder we need more pipelines! Think about the leisure needs of these poor people...hauling trailers and fifth wheelers. Hauling a hotel room!! That is a really, really important priority for our country. Dagnabit!

[Hackslack]

Originally Posted by MolsonExport

No wonder we need more pipelines! Think about the leisure needs of these poor people...hauling trailers and fifth wheelers. Hauling a hotel room!! That is a really, really important priority for our country. Dagnabit!

Ha!

You are just going completely off the rails now. Keep going, this is entertaining.

[whatnext]

Originally Posted by theman23

It’s likely the entire story, actually. The majority of BC hydros customers are in an urban area, whereas Hydro one covers solely rural and remote areas. Obviously reliability is going to be worse in the latter. Ontario’s cities usually have their own municipal hydro utilities. Hydro Toronto, Ottawa Hydro, Enova, and Alectra are all municipal Ontario hydros and have a larger customer base than Hydro one. They’re also all at the top of the chart when it comes to reliability.

And Hydro Quebec and Montreal? BC Hydro's may have a lot of customers in Vancouver but their transmission network stretches from US border to the Yukon border as do their customers. And the terrain is way more challenging than anything in Central Canada.

[theman23]

Originally Posted by whatnext

And Hydro Quebec and Montreal? BC Hydro's may have a lot of customers in Vancouver but their transmission network stretches from US border to the Yukon border as do their customers. And the terrain is way more challenging than anything in Central Canada.

The measures they were using were for duration and frequency of interruptions per customer. An outage in a remote and rugged area of BC is not going to affect nearly the same amount of customers as one in the lower mainland, so having a large proportion of your customers in an urban area will make your numbers look better. The bulk of BC hydros customer base is located in urban areas. There’s a reason why all of the top performing utilities (by far) serve exclusively urban areas.

Don’t know enough about Quebec to comment on why their numbers are so high.

[Truenorth00]

....

[whatnext]

More Canadian mining passes out of our control:

Vancouver mining giant Teck Resources agrees to sell coal assets for US$9B
Consortium led by Glencore will be slicing up the Vancouver mining giant's coal assets
By The Canadian Press | November 14, 2023, 6:51am

Teck Resources Ltd. has agreed to sell its steelmaking coal business in a series of deals that value the operations at US$9 billion. Teck's Elk Valley Resources operations in B.C. (pictured). | Teck Resources
The CEO of Teck Resources Ltd. said its decision to sell a majority stake in its steelmaking coal business to Swiss commodities giant Glencore represents the best possible outcome after nearly a year of battling over the future of the Vancouver-based miner.

Jonathan Price said in an interview he "couldn't be happier" about the deal his company announced Tuesday, in which Glencore has agreed to pay US$6.9 billion for a 77 per cent stake in the coal business, known as Elk Valley Resources.

In addition, Japanese company Nippon Steel Corp. will acquire a 20 per cent stake in exchange for its interest in one of Teck's coal operations and US$1.7 billion in cash, while South Korean steelmaker POSCO will swap its interest in a pair of Teck's coal operations for a three per cent stake in the overall steelmaking coal operations....

....Glencore's initial pursuit for the entirety of Teck sparked sentiments of economic nationalism. B.C. Premier David Eby spoke out against the proposed deal and federal Conservative Leader Pierre Poilievre urged the government to block any acquisition of Teck by Glencore.

Ottawa said at the time that it was watching the situation closely, and that any takeover bid for Teck would go through a rigorous approvals process....

https://biv.com/article/2023/11/vanc...al-assets-us9b

[casper]

Originally Posted by whatnext

More Canadian mining passes out of our control:

Vancouver mining giant Teck Resources agrees to sell coal assets for US$9B
Consortium led by Glencore will be slicing up the Vancouver mining giant's coal assets
By The Canadian Press | November 14, 2023, 6:51am

Teck Resources Ltd. has agreed to sell its steelmaking coal business in a series of deals that value the operations at US$9 billion. Teck's Elk Valley Resources operations in B.C. (pictured). | Teck Resources
The CEO of Teck Resources Ltd. said its decision to sell a majority stake in its steelmaking coal business to Swiss commodities giant Glencore represents the best possible outcome after nearly a year of battling over the future of the Vancouver-based miner.

Jonathan Price said in an interview he "couldn't be happier" about the deal his company announced Tuesday, in which Glencore has agreed to pay US$6.9 billion for a 77 per cent stake in the coal business, known as Elk Valley Resources.

In addition, Japanese company Nippon Steel Corp. will acquire a 20 per cent stake in exchange for its interest in one of Teck's coal operations and US$1.7 billion in cash, while South Korean steelmaker POSCO will swap its interest in a pair of Teck's coal operations for a three per cent stake in the overall steelmaking coal operations....

....Glencore's initial pursuit for the entirety of Teck sparked sentiments of economic nationalism. B.C. Premier David Eby spoke out against the proposed deal and federal Conservative Leader Pierre Poilievre urged the government to block any acquisition of Teck by Glencore.

Ottawa said at the time that it was watching the situation closely, and that any takeover bid for Teck would go through a rigorous approvals process....

https://biv.com/article/2023/11/vanc...al-assets-us9b

So Freeland's response is the deal is significant and would be subject to the normal review process. The Conservatives and provincial Liberals are against it for some unspecified reasons. The buyer is promising to maintain a Vancouver head office, and invest in the company.

https://vancouversun.com/business/te...-coal-business

Hate to see a division of a Canadian company taken over by foreign interests. However given we are taking about Switzerland and Japan companies with the major shareholder being public traded on the London exchange this is a different camp than if it was being taken out by a company out of China or Russia.

[theman23]

Originally Posted by casper

So Freeland's response is the deal is significant and would be subject to the normal review process. The Conservatives and provincial Liberals are against it for some unspecified reasons. The buyer is promising to maintain a Vancouver head office, and invest in the company.

https://vancouversun.com/business/te...-coal-business

Hate to see a division of a Canadian company taken over by foreign interests. However given we are taking about Switzerland and Japan companies with the major shareholder being public traded on the London exchange this is a different camp than if it was being taken out by a company out of China or Russia.

You misread. The provincial NDP are against the deal.

[casper]

Originally Posted by theman23

You misread. The provincial NDP are against the deal.

Sorry, miss-typed that. Yes Provincial NDP are against the deal.

The Provincial Liberals have now renamed themselves to avoid being associated with real Liberals. A story for a different thread.

[Tvisforme]

An announcement today about a battery plant in BC to produce high-performance lithium-cell batteries for devices such as vacuums, medical devices, and power and gardening tools:

Trudeau, Eby announce $1 billion battery plant in Maple Ridge, B.C.

MAPLE RIDGE, B.C. - A billion-dollar battery cell production plant in Maple Ridge, B.C., will produce up to 135 million batteries each year as part of Canada's push toward clean technology, Prime Minister Justin Trudeau said Tuesday during a stop in Metro Vancouver.
Trudeau was joined by B.C. Premier David Eby to announce federal and provincial financial support for the E-One Moli lithium-ion battery cell production plant.

It will be the largest factory in Canada to manufacture such high-performance batteries, Trudeau said.

“This is where the puck is going, this is the future we are building together every single day. Climate policy is economic policy.”

The B.C. government will contribute up to $80 million, while $970 million is set to come from a combination of the federal government, E-One Moli and private sources. The federal commitment announced Tuesday is up to $204.5 million.
.
.
.
.

[zahav]

Originally Posted by Tvisforme

An announcement today about a battery plant in BC to produce high-performance lithium-cell batteries for devices such as vacuums, medical devices, and power and gardening tools:

This is great, just the type of investment we need, especially here in Vancouver. I just wish our commuter train service West Coast Express could expand and be in both directions all day. This plant will be right next to one of the stations. But I'm sure a lot of people will bus, it's easily do-able but train would be better (for those who don't know, Westcoast Express is severely limited because it operates on CP tracks, which is in constant high demand and utilization for freight trains to/from the port. So the commuter service gets minimal service, and only in one direction). But great news still about the plant, it was unexpected for sure. It will be the largest lithium ion plant in Canada. Surprised me, and I'm sure not for long, but still cool. Apparently the lithium will come from BC, not sure much more than that.

Interesting that for a city that is not know for its industry or manufacturing, we will now be home to two major battery/fuel cell companies. Ballard Power was a darling of the city when it gained prominence in the late 90s, especially as the economy was crap here at the time, so it was one of the few bright spots). I know this is more tech/clean energy that just traditional manufacturing, so more Vancouver-like, but still surprising it's happening here and not in Ontario. Of course the Taxpayer's Federation and groups like that are up in arms, just as they were for the many many many automotive industry handouts. The reality is, those contributions are probably the only way we will get anything in Canada, manufacturing is just so much more expensive here compared to overseas, Mexico, etc. The taxpayer's fund may be right that it's a costly handout, but I really don't think we'd score many big investments without them. Just the reality of the world economy, the taxpayer group is stuck in the 60s thinking the economy works the same, and it doesn't. They are also the same people who think it's a red takeover lol

[Build.It]

Canada Falls Out of Top 20 Richest Countries

Canada has slipped out of the top 20 richest countries, according to The Economist’s comprehensive ranking. The analysis considered three key measures: dollar income per person, adjusted income for local prices (purchasing-power parity or ppp), and income per hour worked.



https://thedeepdive.ca/canada-falls-...hest-countries

[Truenorth00]

We fell because of high local cost. The article yammers on about not taking advantage of resources. Looks to me (from the graph), that it's the extremely high cost of doing business (probably related to cost of real estate) driving that plunge in rankings. Real estate adds to GDP but kills productivity. Australia is seeing a similar dive on there.

[ToxiK]

Originally Posted by Truenorth00

We fell because of high local cost. The article yammers on about not taking advantage of resources. Looks to me (from the graph), that it's the extremely high cost of doing business (probably related to cost of real estate) driving that plunge in rankings. Real estate adds to GDP but kills productivity. Australia is seeing a similar dive on there.

Are you saying that Justin Trudeau is Prime Minister of Australia too? What else could explain that dive?

[Loco101]

What are the year to year changes among those countries?

[craner]

Trans Mountain pipeline to start up in second quarter

http://https://www.theglobeandmail.com/business/article-trans-mountain-pipeline-to-start-up-in-second-quarter/

Didn’t I just hear a couple of months ago that TMX was going to be delayed a year due to re-routing that a FN was opposed to ?