Canada Gas Narrows Discount As Transcanada Lowers Shipment Cost

Citizens of Canada’s ‘entitlement state’ pay too much tax, get little value in return, author Mark Milke says

The news comes at the same time as federal officials look into claims a Canadian was part of last weekends attack on the Westgate mall in Nairobi, Kenya. That attack saw Somali terrorist group al-Shabaab storm the mall, killing dozens of innocent civilians. As part of the attack, the terrorists reportedly told all Muslims to leave and shoppers attempting to flee were asked the name of Mohammeds mother; if they couldnt answer, the shoppers were shot. While it has not been confirmed, a list of those involved posted online alleges a 24-year-old Ontario man named Abdirizak Mouled took part alongside several Americans and Brits. If that report is true, then a Canadian had a hand in killing two of his countrymen, Annemarie Desloges of Ottawa and Naguib Damji of Vancouver who died in the attack simply for being the wrong religion. Welcome to the jihad. We can add the names Xris Katsiroubas and Ali Medlej to the list of terror exports. Katsiroubas and Medlej were high school friends from London, Ont., who were drawn to Islam and the jihad and ended up dying in an attack on a gas plant in Algeria last January. A report on the incident stated plainly that a Canadian was a clear leader of the attack that saw 40 gas plant workers and 29 terrorists die. Another Canadian, 25-year-old Hassan El Hajj Hassan, has been named as one of two people behind a bus bombing targeting Israeli tourists in Bulgaria last year. Rudwan Khalil Abubaker and William Plotnikov are just two of the Canadians who have been killed while fighting for the jihadi cause in Chechnya. The list of Canadians fighting for the cause of Islamic jihad overseas could go on and on. I havent even touched on those facing charges or convicted of plots in Canada alone. Then there is Canadas role in financing terrorism.

Gas shipped from the Alberta AECO hub jumped 47 percent to $2.55 per million British thermal units Friday after TransCanada posted new short-term tolls for October through March. The spread between AECO and the U.S. benchmark Henry Hub gas narrowed to 95 cents, its lowest level since Aug. 1, according to data compiled by Bloomberg. They cut prices by anywhere from 50 percent to 75 percent depending on the route, said Martin King , an analyst with FirstEnergy Capital Corp. Representatives for TransCanada didnt immediately respond to an e-mail requesting comment on the changes. TransCanadas Mainline system is 8,762 miles (14,100 kilometers) of pipelines capable of transporting 7 billion cubic feet of gas a day from Alberta to Vermont . Shipments have been declining for years as cheap supplies of shale gas in the eastern U.S. have priced out Canadian imports. Faced with declining volumes, TransCanada raised short-term tolls in July to try to get shippers to sign on to long-term contracts. Instead, a record amount of Canadian gas flowed into western storage.

COLUMN: Lilley – Canada’s terrorism exports

in 2002 when he was a director with the Canadian Taxpayers Federation. Hes since become a fellow at the Fraser Institute. His new book, which launched Monday in Calgary, features 80% new material. In the new edition, Mr. Milke argues that jurisdictions that hinder the resource sector are in fact hampering their efforts to pay for increasingly pricey pensions and programs. Related Another twist to fitness tax credit Theres a lack of understanding about what brings home the economic bacon in Canada, and it aint windmills and it aint hiring more government workers. Its men and women who are in the resource sector. Even Alberta is moving to address public-sector pension liabilities. In Newfoundland, Mr. Milke said, the government recently allocated $2-billion to the teachers pension fund. That was the equivalent of two-and-a-half years of personal income tax revenue in the province, he said. Ontario did the same thing. The Ontario government will be putting $2.1-billion into the Ontario public service pension plan that $2.1-billion could buy a subway extension in the city of Toronto. That $2.1-billion could buy a subway extension Mr. Milke said the Fathers of Confederation always envisioned Canada as a low-tax haven. They always thought it was a good idea for Canada to have much lower taxes than the U.S.

Canada To Launch Billion-Dollar Marijuana Free Market This Week

Menahem Kahana/AFP/Getty Images A new free market for medical marijuana in Canada will replace small growers with large-scale indoor farms. Menahem Kahana/AFP/Getty Images Canada is ushering in what it projects to be a $1.3 billion medical marijuana free market this week, as it replaces small and homegrown pot production with quality-controlled marijuana produced by large farms. The market could eventually serve up to 450,000 Canadians, according to government estimates. As Toronto’s Globe and Mail explains, a transition phase began Monday that will allow more price fluctuation and phase out home and small-scale production. “In its place, large indoor marijuana farms certified by the [Royal Canadian Mounted Police] and health inspectors will produce, package and distribute a range of standardized weed, all of it sold for whatever price the market will bear,” the newspaper reports. “The first sales are expected in the next few weeks, delivered directly by secure courier.” Large-scale growers have begun applying for licenses to produce marijuana; one Ontario company hopes to grow cannabis in an old Hershey chocolate plant, Reuters reported last week. At least two large growers have already received their licenses. The free market will likely establish a price of around $7.60 per gram of dried marijuana bud, according to “Marihuana for Medical Purposes Regulations” posted by Canada’s health department. (And if you’re wondering about that spelling, it follows a precedent set in Canada’s controlled substances law.) The health agency projects that the legal marijuana supply industry “could grow to more than $1.3 billion per year in annual sales” within 10 years. Officials say the illegal cannabis market “represents a multibillion dollar per year industry.” The Canadian government says the new plan will also reduce its own costs, on a website explaining some of the changes. “The current program costs Canadian taxpayers millions of dollars each year because the $5/gram charged to program participants who choose to purchase from Health Canada is heavily subsidized,” Health Canada says.