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Germany Signs Up for B.C. LNG, and Fraud Confidence Gets Expensive.
News for residents of the “11th province”: Canadians abroad.
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Germany Signs Up for B.C. LNG
Germany has signed onto Canadian LNG in a way that is meant to last. Uniper will buy two million tonnes a year from B.C.'s Ksi Lisims project for up to 20 years, with first deliveries expected in 2032.
Ottawa says the gas will serve Germany, the U.K., Sweden and the Netherlands. Canada has spent decades sending almost all of its natural gas exports to the U.S., and the government wants non-U.S. markets to take an estimated 55 per cent by the early-to-mid 2030s. That’s a huge change in who Canada sells to.
Ksi Lisims is a $30-billion Nisga'a-led project on the B.C. coast, planned as Canada's second-largest LNG facility. For Canadians watching from Europe, this is Canada trying to become less of a North American supplier and more of a transatlantic one.
Read more: Natural Resources Canada / Canada's National Observer
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A photo from the old country:
Fraud Confidence Gets Expensive
Canadians are feeling pretty sure of themselves about scams, which is apparently part of the problem. A TD survey found 89 per cent of Canadians feel confident they can spot fraud, even as just a little more than half (52%) admit to risky habits that make them easier targets.
The habits include using public Wi-Fi for personal or financial accounts, opening attachments from unknown senders, clicking links before verifying the source, and downloading apps from unfamiliar sites. Nearly one in four respondents said they or a family member had been hit by financial fraud or a scam in the past year.
The old scam-tells like bad spelling and sketchy graphics are fading and these days AI can produce convincing emails, texts and voice calls in a jiffy. If your Canadian bank, card, CRA account or brokerage is three time zones away, taking a momentary pause before clicking may be worth serious money. Be careful out there, and keep your stick on the ice.
Read more: TD Bank Group / MoneySense