A global coffee deficit could be in our near future, report says

TORONTO -- Addicted to coffee? This might be the time to either stockpile your brand of choice or start weaning yourself off of java juice, because a global coffee deficit could be just around the corner.

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Latest Economic News

  • Oil and gas industry needs to do more to address climate change, IEA report says

    Economic CTV News
    CALGARY -- The oil and gas industry needs to increase efforts to address climate change or risk becoming socially unacceptable and unprofitable, according to a new International Energy Agency report. "No energy company will be unaffected by clean energy transitions," said Fatih Birol, the IEA's executive director, in a statement Monday. Source
  • CETA can serve as template for post-Brexit Canada-U.K. trade deal

    Economic CTV News
    CALGARY -- Canada's trade agreement with the European Union should serve as a template for a future trade deal between Canada and a post-Brexit United Kingdom, according to an official with the British High Commission in Ottawa. Source
  • Asian stocks tumble on growing concern about China virus

    Economic CTV News
    BEIJING -- Asian stock markets tumbled Tuesday as concern about the economic impact of a Chinese disease outbreak rose. Japan's central bank left its key interest rate unchanged and revised up its economic growth outlook. Source
  • Tax revolt? Unpaid taxes from energy companies to Alberta towns more than double

    Economic CTV News
    The amount of unpaid property taxes that oil and gas companies owe Alberta rural municipalities has more than doubled over the last year, a trend some are calling a tax revolt. Rural Municipalities Alberta said Monday that a survey of its members shows that they are owed a total of $173 million -- a 114 per cent increase since a similar survey was done last spring. Source
  • Some layoffs at MEC but more permanent staff to be hired, CEO says in restructuring plan

    Economic CBC News
    Mountain Equipment Co-op (MEC) is laying off some of its 2,400 employees — but offering permanent positions to many of its casual workers — as it restructures in a bid to restore its financial health. The outdoor retailer, which lost more than $11 million in the past fiscal year, is aiming to cut costs, and change what it stocks and how it staffs, according to an online statement from CEO Phil Arrata. Source
  • Oil and gas industry must do more to address climate change, report says

    Economic CBC News
    The oil and gas industry needs to increase its efforts to address climate change or risk becoming socially unacceptable and unprofitable, according to a new report from the International Energy Agency. "No energy company will be unaffected by clean energy transitions," said Fatih Birol, the IEA's executive director, in a statement Monday. Source
  • Unpaid taxes from energy companies to Alberta towns have more than doubled to $173 million

    Economic CBC News
    Alberta's rural municipalities say the amount of unpaid property taxes they're owed by oil and gas companies has more than doubled over the past year. The association, the Rural Municipalities of Alberta, says they are owed a total of $173 million — a 114 per cent increase over last spring. Source
  • Unpaid taxes from oil and gas companies have more than doubled to $173M in rural Alberta

    Economic CBC News
    Alberta's rural municipalities say the amount of unpaid property taxes they're owed by oil and gas companies has more than doubled over the past year. The association, the Rural Municipalities of Alberta, says they are owed a total of $173 million — a 114 per cent increase over last spring. Source
  • Feds give $500K to project to help promote northern mining

    Economic CBC News
    The federal government is spending $500,000 to lure investors to develop untapped mineral resources in Yukon, the Northwest Territories and Nunavut. Yukon Member of Parliament Larry Bagnell announced the initiative in Vancouver on Sunday, on behalf of Mélanie Joly, federal minister of economic development and official languages. Source
  • When a CEO takes a stand: the changing world of corporate activism

    Economic CBC News
    Something rare happened in the world of Canadian business this January — a CEO took a political stance publicly. On January 12, the head of Maple Leaf Foods, Michael McCain, logged onto his company's corporate Twitter account and criticized the Trump administration for escalating tensions with Iran. Source