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OECD: most economies will remain well below 2019 output levels by end of 2021
According to third-quarter forecasts by the OECD, by the end of 2021, most economies, including Canada, will have a level of output that remains well below that of 2019, and considerably weaker than projected a year ago. As shown in … Continue reading
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Electric vehicles are the future, Canada will evolve or die
Canada is a global leader in auto and parts production yet one of the few auto-producing nations with no homegrown auto companies. Twenty years ago, Canada was assembling about three million internal combustion engine (ICE) vehicles a year for foreign … Continue reading
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Oil demand flatlining as EVs accelerate
In its latest annual World Energy Outlook report, the International Energy Association (IEA) reiterates its forecast that global oil demand will plateau over the next decade and at lower levels than they forecast last year. Here is their chart courtesy … Continue reading
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