AM 1150 Kelowna - Radio Ralies & Reversals
Despite weaker results for the US's June ADP Employment report and Canada's April GDP report, North American markets after the first hour of trading are in the green. Economists now feel that the Bank of Canada may hold off on further rate hikes, starting as early as its next scheduled announcement on July 20.
Touching on the subject of natural gas which I talked about a couple of weeks ago, Canada's Federal Government suggested on June 23 that Canadian coal-fired plant owners permanently shut down by the end of their contract lives or 45 years of plant age, whichever is later. Canadian emission reduction draft regulations are expected early 2011 with regulations in effect by July 2015. There's going to be a huge shift towards natural gas-fired electrical generation in North America because of carbon issues.
GB
Touching on the subject of natural gas which I talked about a couple of weeks ago, Canada's Federal Government suggested on June 23 that Canadian coal-fired plant owners permanently shut down by the end of their contract lives or 45 years of plant age, whichever is later. Canadian emission reduction draft regulations are expected early 2011 with regulations in effect by July 2015. There's going to be a huge shift towards natural gas-fired electrical generation in North America because of carbon issues.
GB
posted by Gordon Bell at
7:03 AM
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