All in the news. Even this for BC. It was in the news on Friday. http://business.financialpost.com/2...assive-shale-gas-field-in-b-c/?__lsa=d15495aa
Toronto mostly business and financial services. The IT sector is still ok here. After this stint of 1 year, I will move towards BC. East BC.
Now that I do work in the oil & gas industry, I know how to discern the news.
The Apache find is startling but in the short term it doesn't do much. As the CEO said, they have no current plans to develop the well.
The Canadian challenge now is in getting their pipelines built so that they have access to more customers besides the USA. Canadian oil is sold at a huge discount to the traded per barrel prices on the markets because there is only one customer - USA. Which is why they want the Gateway Pipeline. However there is a lot of resistance from the BC folk. Understandably, no one wants the risk of oil spills in their backyard.
Natural gas has fallen in price tremendously because of a glut in supply from shale gas. Which is another reason why the Apache find doesn't do much in the short term.
Canada has too small a market - 30+ million people for all that oil and gas. But those resources cannot find their way into Asian markets.
Hence the big money in the short term is really going to be the pipeline constructions. They need the deals rubber stamped first. In the meantime they need to ramp up the workforce to build it (Canada doesn't have enough welders, carpenters, etc). I know some tradesmen who were signed on, and then laid off temporarily because of the Keystone delay by Obama. Not so simple.
If the pipeline are built then it will lead to more growth in the oil & gas industry in Canada. But without those pipelines it is hard to see things moving much forward at this point.
There are many small or intermediate pipeline projects at the moment but less new wells and bids for mineral rights. The Alberta government nowadays issues short term surface leases for wells and pipelines. So if you want to drill the well, you have 4 years to prove it is a producer and build the pipelines etc. Until they have access to the markets all that extra oil and gas has no where to go.
The main oil & gas industry is in Alberta. Not BC. Somehow though I still see this reluctance of Singaporeans to come to Alberta.
Finance is not a big thing in Canada. Bankers cannot compare to oil & gas. Engineers make more money than bankers in Canada.
You have to be in Alberta to see it to believe it.