Economy

How climate change might affect Idaho's economy – Boise State Public Radio

Published

3 years ago

January 3, 2022

New reports from the University of Idaho describe how climate change could affect the state’s financial picture.

The McClure Center for Public Policy Research took widely accepted climate change scenarios and asked what they could mean for Idaho.

“We are in a state that has an economy based, in large part, on natural resources,” said Dr. Katherine Himes, the director of the policy center. “As those natural resources change, that’s going to impact the economy.”

The assessments look at seven sectors: agriculture, energy, health, infrastructure, forests, rangelands and recreation.

Himes said there’s no question climate change will affect those industries. For example, higher temperatures and decreasing snowpack could change water availability and lower farmers’ yields. It could also mean shorter ski seasons. More and larger wildfires mean more land closures for ranchers and increased health care costs due to smoke.

But Himes said there are ways to adapt.

“What crops could be grown in the future that might use less water, that might be a little bit more heat tolerant?” Himes said.

For each sector, the researchers listed ways it can change in climate-warming scenarios. Those opportunities require planning and action, Himes said.

Several cities, counties and industry groups have contacted the researchers to present the findings. Organizations such as the Nature Conservancy, Simplot, the Idaho National Laboratory contributed funds toward the research; the group also had an advisory board of more than 40 individuals representing different interests and perspectives.

Find reporter Rachel Cohen on Twitter @racheld_cohen

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Economy

S&P/TSX composite gains almost 100 points, U.S. stock markets also higher

Published

18 hours ago

September 13, 2024

Anne Joseph

TORONTO – Strength in the base metal and technology sectors helped Canada’s main stock index gain almost 100 points on Friday, while U.S. stock markets also climbed higher.

The S&P/TSX composite index closed up 93.51 points at 23,568.65.

In New York, the Dow Jones industrial average was up 297.01 points at 41,393.78. The S&P 500 index was up 30.26 points at 5,626.02, while the Nasdaq composite was up 114.30 points at 17,683.98.

The Canadian dollar traded for 73.61 cents US compared with 73.58 cents US on Thursday.

The October crude oil contract was down 32 cents at US$68.65 per barrel and the October natural gas contract was down five cents at US$2.31 per mmBTU.

The December gold contract was up US$30.10 at US$2,610.70 an ounce and the December copper contract was up four cents US$4.24 a pound.

This report by The Canadian Press was first published Sept. 13, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

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Economy

Statistics Canada reports wholesale sales higher in July

Published

1 day ago

September 13, 2024

Anne Joseph

OTTAWA – Statistics Canada says wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, rose 0.4 per cent to $82.7 billion in July.

The increase came as sales in the miscellaneous subsector gained three per cent to reach $10.5 billion in July, helped by strength in the agriculture supplies industry group, which rose 9.2 per cent.

The food, beverage and tobacco subsector added 1.7 per cent to total $15 billion in July.

The personal and household goods subsector fell 2.5 per cent to $12.1 billion.

In volume terms, overall wholesale sales rose 0.5 per cent in July.

Statistics Canada started including oilseed and grain as well as the petroleum and petroleum products subsector as part of wholesale trade last year, but is excluding the data from monthly analysis until there is enough historical data.

This report by The Canadian Press was first published Sept. 13, 2024.

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Economy

S&P/TSX composite up more than 150 points, U.S. stock markets mixed

Published

2 days ago

September 12, 2024

Anne Joseph

TORONTO – Canada’s main stock index was up more than 150 points in late-morning trading, helped by strength in the base metal and energy sectors, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 172.18 points at 23,383.35.

In New York, the Dow Jones industrial average was down 34.99 points at 40,826.72. The S&P 500 index was up 10.56 points at 5,564.69, while the Nasdaq composite was up 74.84 points at 17,470.37.

The Canadian dollar traded for 73.55 cents US compared with 73.59 cents US on Wednesday.

The October crude oil contract was up $2.00 at US$69.31 per barrel and the October natural gas contract was up five cents at US$2.32 per mmBTU.

The December gold contract was up US$40.00 at US$2,582.40 an ounce and the December copper contract was up six cents at US$4.20 a pound.

This report by The Canadian Press was first published Sept. 12, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

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