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How $40 oil would impact Canada’s provinces What does Canada’s economy look like with oil prices at $40 a barrel? Certainly it won’t be the energy superpower envisioned by Prime Minister Stephen Harper. If $40 a barrel still seems a ways off, consider that the benchmark price for oil sands crude is already trading in that price range. What’s more, if production from high-cost sources isn’t withdrawn from an oversupplied market, oil prices may soon be trading even lower. The first thing Canadians should recognize about the new world order for oil prices is that – contrary to what we’re being told by our federal government – the economy is no longer in dire need of any new pipelines. For that matter, it can live without the new rail terminals being built to move oil as well. Yesterday’s transportation bottlenecks aren’t relevant in today’s marketplace. At current prices there won’t be any massive expansion of oil sands production because those projects, which would produce some of the world’s most expensive crude, no longer make economic sense. The recent spate of project cancellations by global oil giants – Total’s Joslyn mine, Shell’s at Pierre River, and Statoil’s Corner oil sands venture – is only the beginning. As oil prices grind lower, we can expect to hear about tens of billions of dollars of proposed spending that will be cancelled or indefinitely postponed. Not long ago, the grand vision for the oil sands saw production doubling over the next 20 years. Now that dream is in the rear-view mirror. Rather than expanding production, the industry’s new economic imperative will be attempting to cut costs in a bid to maintain current output. With the exception of oil sands players themselves, no one will feel those project cancellations more acutely than new Alberta Premier Jim Prentice. His province’s budget is beholden to the gusher of bitumen royalties that will no longer be accruing as planned. He could choose to stay the course on spending, as former Premier Don Getty did when oil prices plunged in the 1980s, in hopes that a price recovery will materialize. That option, as Getty discovered, would soon see Alberta’s budget surplus morph into spiralling deficits. The province’s balance sheet wasn’t cleaned up until the axe-wielding Ralph Klein took over. In his first term, Klein slashed spending on social services by 30 per cent, cut the education budget by 16 per cent and lowered health care expenditures by nearly 20 per cent. Of course, falling oil prices are a concern for much more than just Alberta’s budget position. Real estate values also face more risk, particularly downtown Calgary office space. For oil sands operators, staying alive in a low price environment won’t just mean cancelling expansion plans and cutting jobs in the field. Head office positions are also destined for the chopping block, which is bad news for the shiny new towers going up in Calgary’s commercial core. If plunging oil prices are writing a boom-to-bust story in provinces such as Alberta, Saskatchewan and Newfoundland, the narrative will be much different in other parts of the country. Ontario’s long-depressed economy is already beginning to find a second wind, recently leading the country in economic growth. And the engine is just beginning to rev up. As the largest oil-consuming province in the country, lower oil prices put more money back into the pockets of Ontarians, while also juicing the buying power of its most important trading partner. Ontario’s trade leverage with the U.S. is set to become even more meaningful as the Canadian dollar continues to slide along with the country’s rapidly fading oil prospects. Just as the oil sands boom turned Canada’s currency into a petrodollar, pushing it above parity with the greenback, the loonie is already tumbling in the wake of lower oil prices. And it shouldn’t expect any help from the Bank of Canada, which continues to signal that it’s willing to live with a much lower exchange rate in the face of a strengthening U.S. dollar. A loonie at 75 cents means GM and Ford may once again consider Ontario an attractive place to make cars and trucks. Even if they don’t, you can bet others will. With the loonie’s value falling to three quarters of where it was only a few years ago, we’ll start seeing Ontario, as well as other regions of the country, start to regain some of the hundreds of thousands of manufacturing jobs that were lost in the last decade amid a severely overvalued currency. For the Canadian economy as a whole, much is about to change, while much will also remain the same. Once again, oil will largely define the fault lines that separate the haves from the have-nots (or at least the growing from the stagnating). But at $40 oil, it’s the consuming provinces that will drive economic growth. Rather than oil flowing east through new pipelines, jobs and investment will be heading in that direction instead. http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/how-40-oil-would-impact-canadas-provinces/article22288570/

Réaménagement de la sortie 15 Nord. Reconstruit à droite! Pour enfin corriger les erreurs du passé! <iframe width="560" height="315" src="http://www.youtube.com/embed/28rndC0RMYk" frameborder="0" allowfullscreen></iframe> Selon la gazette, des travaux majeur au cour du week-end: http://www.montrealgazette.com/news/Construction+affect+interchange+Highways+this+weekend/6350156/story.html Construction to affect interchange at Highways 40 and 15 this weekend THE GAZETTE MARCH 23, 2012

Air Canada instaure un service sans escale entre Montréal et Bruxelles MONTREAL, le 20 août /CNW Telbec/ - Air Canada a annoncé aujourd'hui l'instauration d'un service sans escale assuré toute l'année entre Montréal et Bruxelles, comprenant un vol direct à destination et au départ de Toronto. Sous réserve de l'approbation gouvernementale, les vols quotidiens seront assurés à compter du 12 juin 2010, à temps pour la haute saison estivale. 20090820 Air Canada to launch Montreal - Houston from Dec 09 Air Canada starting 30NOV09 launches Daily Montreal - Houston service with CRJ705. Schedule as follows: AC7997 YUL0900 - 1155IAH CRA D AC7998 IAH1225 - 1640YUL CRA D Montreal-Fort de France, Martinique - New Air Canada flights launched in July will continue year-round, departing every Sunday onboard 120-seat Airbus A319 aircraft. Montreal-Fort Myers, Florida - New Air Canada flights will depart Sundays beginning December 6 onboard 120-seat Airbus A319 aircraft. Montreal-Samana/El Catey, Dominican Republic - New Air Canada flights will depart Saturdays beginning December 19 onboard 120-seat Airbus A319 aircraft. Montreal-Puerto Vallarta, Mexico - New Air Canada flights will depart Fridays beginning December 25 onboard 120-seat Airbus A319 aircraft. Montreal-Tampa, Florida - Weekly flights doubled with flights departing Thursdays and Saturdays beginning November 7 onboard 120-seat Airbus A319 aircraft. Montreal-Punta Cana, Dominican Republic - Increase to four times weekly, departing Mondays, Fridays, Saturdays and Sundays onboard 140-seat Airbus A320 aircraft.