ATB Financial lends Westleaf Cannabis funds for SK facility

Company plans 115,000-square-foot cannabis cultivation facility near Battleford

ATB Financial lends Westleaf Cannabis funds for SK facilityWestleaf Cannabis is receiving a development loan of up to $24 million from ATB Financial to build its business. “As one of the first traditional lenders to enter the cannabis space, we’re proud of our long-term partnership with ATB as it has been instrumental in bringing our Westleaf vision to life,” said Taylor Ethans, chief…

Canmore Alberta’s first four-star hotel opening in November

But it is currently taking bookings for events and small group accommodation

Canmore Alberta’s first four-star hotel opening in NovemberAn Alberta-based hotel and resort developer is getting ready to open its latest offering, signalling it continuing confidence in the province’s hospitality industry. Clique Hotels and Resorts will open Canmore’s first four-star luxury hotel, the Malcolm Hotel at Spring Creek. It plans to officially open in November but is currently taking bookings for events and…

How craft breweries build communities

Jim Button of Village Brewery talks about how local breweries should keep their focus close to home to be successful

How craft breweries build communitiesJim Button is co-founder of Village Brewery. Calgary’s Business: What was the spark that made you start Village Brewery? Button: I remember working at Sears in the early 1980s and saying to my pal Scott that one day I was going to own a bar. At that time I was working dock pickup and customers and employees…

Sundial’s cannabis cultivating plant in Olds receives licence

The facility will have 140 individually-controlled cultivating rooms and the company will employ 500 people

Sundial’s cannabis cultivating plant in Olds receives licenceA cannabis cultivating plant in Olds has received its licence from Health Canada for the first phase of its 500,000-square-foot facility. “Receiving this licence is one of Sundial's most significant milestones to date and I am extremely proud of our team's commitment to develop and execute this important project,” said Torsten Kuenzlen, Sundial’s CEO. “We…

Record pace for Canadian investors acquiring foreign bonds

The level of investment in 2018 has already surpassed the record investment for one year set in 2006: StatsCan

Record pace for Canadian investors acquiring foreign bondsCanadian investors are acquiring foreign bonds at a record pace. A report released on Monday by Statistics Canada showed that Canadian investment in foreign securities totalled $13.1 billion in July, following an $11.2 billion investment in June. “Canadian investment in foreign debt securities reached a record $13.9 billion in July. Acquisitions of non-U.S. foreign bonds…

Canadian average net worth growing but interest rates a challenge

‘Canadians paid $9.0 billion more in interest charges in 2017 than they did the prior year,’ says Environics Analytics report

Canadian average net worth growing but interest rates a challengeAverage household net worth in Canada continues to grow but higher interest rates are putting increased pressure on discretionary spending, according to a new report released Monday by Environics Analytics. “For many Canadians the rising interest rates over the past year have already cost them the equivalent of an extra mortgage payment,” said Peter Miron,…

Taking the stress out of moving

Nate Edwards talks about how Virtuo’s tech-enabled service saves customers time and eases headaches

Taking the stress out of movingNate Edwards is co-founder and managing partner of Virtuo. Calgary’s Business: What is Virtuo and when was it founded? Edwards: Virtuo is a tech-enabled customer experience company that makes transitioning and settling into a new home simple and stress free. We save homebuyers more than 40 hours of their time by facilitating everything for them,…

Clay Riddell, Flames co-owner and Calgary businessman, dead at 81

‘We mourn the passing of a great man of industry, sports, philanthropy and human decency,’ said Calgary Flames vice-chairman and CEO Ken King

Clay Riddell, Flames co-owner and Calgary businessman, dead at 81Clay Riddell, a prominent Calgary businessman and part owner of the Calgary Flames, has died at the age of 81. The National Hockey League team announced the passing of one of the city’s most successful and well-known executives on its website. “We mourn the passing of a great man of industry, sports, philanthropy and human…

Youth hit hard by the 2008-2009 recession

Full-time students had notable employment declines that they still haven't recovered from: StatsCan

Youth hit hard by the 2008-2009 recessionThe participation and employment rates of full-time students aged 15 to 24 registered notable declines following the 2008-2009 recession, says a report released on Friday by Statistics Canada. “In fact, this group experienced the largest decrease in the participation and employment rates among youth, which wasn't completely offset some nine years later,” said the report…

Greenhouse gas emissions from Canadian oil sands production falling

IHS Markit report says that over the last eight years, emissions fell 21% and it predicts further future improvements

Greenhouse gas emissions from Canadian oil sands production fallingThe level of greenhouse gas emissions from Canadian oil sands production is falling. A new report by research firm IHS Markit says the emissions intensity of upstream Canadian oil sands production will continue to decline in coming years, falling to 30 per cent below 2009 levels by 2030. “The Canadian oil sands have a demonstrated…

Canadians hold $1.69 in debt for every $1 of disposable income

Household credit market debt totalled $2,166.0 billion in the second quarter

Canadians hold $1.69 in debt for every $1 of disposable incomeCredit market debt as a proportion of household disposable income continues to increase in Canada but at a slower pace, according to a report released on Friday by Statistics Canada. The federal agency said household credit market debt (consumer credit, and mortgage and non-mortgage loans) totalled $2,166.0 billion in the second quarter. Mortgage debt reached…

BMO launches loan program to help young farmers

‘We see a need for programs and incentives to attract and support younger Canadians into the sector’

BMO launches loan program to help young farmersBMO Bank of Montreal has introduce a new loan program to support young Canadians in agriculture. BMO says the program is a first for a Canadian chartered bank. The bank said the BMO Young Farmer Program offers loans of up to $1 million in an environment where the total number of farm operators in the…

‘It’s not voodoo – social media takes persistence’

Samantha Paterson, a social media manager at the University of Calgary, talks about how to get the most out of digital marketing

‘It’s not voodoo – social media takes persistence’Samantha Paterson is a social media manager at the University of Calgary and an instructor in Continuing Education. Calgary’s Business: How did you get into social media as a career and what’s the appeal for you? Paterson: During the 2000s in my ed-tech career, I was an early adopter of customer advocacy marketing, including online…

RV-rent entrepreneurs persevered until business was rolling

It took Chad and Cherie Ball of Wheel Estate years to get their business on the road, but they refused to abandon their dreams

RV-rent entrepreneurs persevered until business was rollingChad and Cherie Ball are owners of Wheel Estate. Calgary’s Business: What is Wheel Estate and how did the company come into being? Chad and Cherie: Wheel Estate is a peer-to-peer RV trailer sharing marketplace. We efficiently connect people who would like to rent a travel trailer with owners whose trailer would otherwise go unused, backing…

Value of Canadian pension funds on the rise

More than 6.2 million Canadian workers belonged to employer-sponsored pension plans in the first quarter of this year: StatsCan

Value of Canadian pension funds on the riseThe market value of assets held by Canadian trusteed pension funds totalled $1.9 trillion in the first quarter of 2018, up three per cent from the fourth quarter of 2017 and 5.7 per cent higher year over year, said Statistics Canada on Thursday. It said that over 6.2 million Canadian workers belonged to employer-sponsored pension…
1 2 3 10