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T D Jakes group gets 30-day extension on Fort McPherson negotiations
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COVID-19 hot spot Fort McMurray weathers its latest disaster with frustration and resolve
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Rex Murphy: It s hard, hard times in Newfoundland. And it doesn t look hopeful Rex Murphy © Provided by National Post The fishing village of Joe Batt s Arm, Fogo Island, Newfoundland and Labrador, is seen in an undated file photo. The province is facing its greatest crisis since the collapse of the cod fishery, writes Rex Murphy. It was 87 years ago and under pressure of entering full bankruptcy that Newfoundland became the first of the British Empire’s “Dominions” to give up its autonomy and to abandon self-government. As a consequence, for 15 years the former country was administered by a commission, relieved of that embarrassment only by (narrowly) voting to join the Confederation of Canada in 1949.
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Last month, I logged on to an online economic development forum run by people who did not live in Fort McMurray five years ago, when a wildfire levelled swaths of the city and sent 80,000 residents scrambling to escape the inferno. The organizers talked about how, miraculously, no one was killed in the flames that circled the town and how quickly we rebuilt our homes, our businesses and our lives.
Fort McMurray likes to think of itself as a “get ‘er done” town. We brag that one year in our work-centric, high-energy oil town is like five anywhere else. Disaster recovery and insurance experts were delighted when, in the first three years after the fire, whole neighbourhoods literally rose from the ashes.
Try refreshing your browser, or BONOKOSKI: Bad vibe aside, oilsands a uniquely Canadian success story Back to video
No matter the bad-vibe moniker, the enviro-activists and their progressive backers love the word tarsands, there is still big money going in and coming out of the oilsand’s Fort Mac all vital to Canada’s economy.
Consider this: While substantially less than at its peak at the height of the oil boom in 2014, oilsands investment around Alberta’s Fort McMurray totalling $8.3 billion in 2020 is still 4.5% of all business investment in Canada.
This, says a new report by the non-partisan Macdonald-Laurier Institute (MLI), exceeds all investments made by the retail trade industry, construction, or all business services, and is four times Canada’s auto manufacturing.
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