/Posthaste: What Quebecers really think about Albertas oil pipelines

Posthaste: What Quebecers really think about Albertas oil pipelines

Good Morning!

A vast majority of Quebecers (65 per cent) prefer their oil was sourced from Western Canada, compared to just 13 per cent who picked American oil and 5 per cent who preferred to get their fossil-fuel fix from another country, according to a new survey.

As many as 45 per cent of Quebecers polled by Ipsos on behalf of the Montreal Economic Institute, also want their province to develop its own oil resources rather than source imported oil.

“Year after year, survey after survey, the results are unequivocal,” Luc Vallée, chief economist and chief operating officer at the MEI, said in a press release. “Quebecers are much more open to hydrocarbons than we might think. They understand that we need oil and that the energy transition will not happen overnight.”

While 50 per cent of Canadians believe oil pipelines were the safest form of transport, including most Quebecers, the province emerged as most skeptical on pipelines. The survey showed that Quebecers are “more likely than other Canadians to believe that tanker trucks (13 per cent versus Canadian average of 7 per cent) and ships (9 per cent vs 4 per cent for rest of Canada) are the safest means of transporting oil.”

Quebecers also remain conscious of the economic costs of climate change and said they were willing to pay more in taxes — as much as $207 per year to fight climate change. That’s generous, but not as high as respondents in Saskatchewan/Manitoba who were willing to pay even more, at $287, according to the survey. Overall, 63 per cent of Canadians said they were unable or unwilling to pay more to combat climate change.

Here’s what you need to know this morning:

  • Raymond James Technology Investors Conference in New York
  • The Institute for Economics and Peace and the Montreal Institute for Genocide and Human Rights Studies at Concordia University will launch the Global Terrorism Index 2019
  • Prime Minister Justin Trudeau will attend the National Caucus meeting in Ottawa
  • Finance Minister Bill Morneau will make an announcement about the government’s plan to lower taxes for the middle class in Toronto
  • The Ontario Securities Commission holds a hearing into The Catalyst Capital Group Inc.’s application to block a privatization bid for The Hudson’s Bay Co. in Toronto
  • A two-day event, hosted by the Alberta Wheat and Barley Commissions will provide an analysis on international trade relations with China, in Banff. Alta.
  • Alberta Premier Jason Kenney officially launches the new Canadian Energy Centre in Edmonton
  • Notable Corporate Events: Lululemon Athletica Inc. Q3 results, Keyera Corp. investor day

Tenants in Canada’s red-hot housing market will get no respite in 2020, according to a new report.

“Demand will surpass supply, despite an uptick in construction activity. New units will be absorbed at a healthy pace and have little impact on market vacancy. The national vacancy position will remain close to the 2019 level,” according to a report by Morguard Corp. “The resulting landlord’s market will mean higher rents for prospective tenants and limited choice.”

Morguard, which owns retail, residential, office, industrial, and hotel properties, noted that bids on available properties will remain aggressive in 2020. “The resulting competition for a limited number of opportunities will be commensurate with the extended bullish phase of the multi-suite residential rental property cycle.”

— Please send your news, comments and stories to [email protected]. — Yadullah Hussain @YAD_FPEnergy

With files from The Canadian Press, Thomson Reuters and Bloomberg


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