Is Canada leading the world in cancelled energy projects? – Macleans.ca

May 19: The FT says more than a third of delayed projects world-wide are in Canada. Plus, the battle for water, and employer snooping.

When it comes to feeling the impact of the oil rout, it’s becoming increasingly clear: the oil sands are first in line.

A Financial Times analysis of cancelled and delayed projects shows Canada has a very big lead. More on that below – as well as water battles in California, snooping employers, and the pop-culture legacy of a Coke ad.

This morning, markets will open again in Canada after the long weekend. So far this morning, world markets are near record levels: the FTSE All-World index is sitting near a new high, and U.S. shares are ticking upwards, as last week’s bond rally – where bond prices suddenly began to fall – has reversed, as the European Central Bank has indicated they’ll be purchasing more bonds in May and June and pushing up demand.

Read More: http://www.macleans.ca/economy/is-canada-leading-the-world-in-cancelled-energy-projects/