Westleaf Cannabis closes on $20 million in financing

Company plans to open 20 to 30 retail stores under the banner Prairie Records over the next 12 to 24 months

Westleaf Cannabis closes on $20 million in financingCalgary-based Westleaf Cannabis has received strong validation of its innovative approach in the Canadian cannabis industry with the recent closing of $20 million in financing, including a $2.9-million strategic investment from Tilray Inc. Westleaf plans to open 20 to 30 retail stores over the next 12 to 24 months, subject to securing real estate, finalizing…

Former Canadian Olympic skier launches resort development in Mexico

Cary Mullen says Vivo Resorts in Puerto Escondido is the perfect holiday destination

Former Canadian Olympic skier launches resort development in MexicoFormer Canadian Olympic skier Cary Mullen believes he’s found the perfect location for Canadians to purchase affordable, low-tax luxury resort properties. Mullen, founder of Vivo Resorts, is the man behind the gated community in Puerto Escondido, Mexico. “Puerto Escondido is the perfect holiday destination with sunny temperatures that rarely change more than three degrees year-round,…

U.S. imports of Canadian heavy crude oil continues to grow

U.S. is by far the world’s largest refining market for heavy oil, processing more than half of all that type of crude globally in 2018

U.S. imports of Canadian heavy crude oil continues to growA new report released on Tuesday by IHS Markit says imports of Canadian heavy crude are an increasingly important source of supply to the United States, the world’s largest refining market for such crudes. The report, Looking North: A U.S. Perspective on Canadian Heavy Oil, said U.S. imports of Canadian heavy crudes will approach 2.8…

Athabasca Oil chopping 25% of head office staff

The sector is still a long ways away from permanent solutions, says company president Robert Broen

Athabasca Oil chopping 25% of head office staffAthabasca Oil Corp. announced on Tuesday that it has undertaken a number of actions to enhance its competitiveness and resiliency. It has introduced a streamlined corporate cost structure that consists of a 25 per cent reduction in head office staff effective immediately and 10 per cent rollback in salaries for executives and directors. The company did…

Canadian crude oil production on the rise in September

StatsCan said Alberta produced 17.4 million cubic metres of crude oil and equivalent products in the month

Canadian crude oil production on the rise in SeptemberCanadian production of crude oil and equivalent products totalled 21.1 million cubic metres (132.6 million barrels) in September, up 5.7 per cent compared with the same month in 2017, says Statistics Canada. Non-upgraded production of crude bitumen surpassed 9.0 million cubic metres for the third consecutive month, to reach 9.3 million cubic metres (+15.0 per…

Entry wages of immigrant tax filers in Canada on the rise

The wages of immigrants increase with the number of years spent in Canada across all admission categories: StatsCan

Entry wages of immigrant tax filers in Canada on the riseStatistics Canada reported on Monday that immigrants admitted to Canada in 2015 earned the highest entry wages of any cohort admitted since 1981. The federal agency said the median entry wages of immigrant tax filers admitted in 2015 was $25,400 in 2016, with the previous high $24,800 for those admitted in 2014. Median entry wages…

Canadian propane production expected to climb

A new report says the industry is expected to support close to 21,000 jobs annually across the country

Canadian propane production expected to climbPropane production in Canada is expected to increase by more than 20 per cent over the next seven years, according to a new report released on Friday by the Conference Board of Canada. The report, Fuelled Up: An Updated Overview and Outlook of Canada's Propane Market and Industry, said the industry accounted for $3.5 billion…

Oil production cut to take 2.2% out of Alberta’s GDP in 2019

The move is also bound to have implications for Canada’s economy: Conference Board of Canada

Oil production cut to take 2.2% out of Alberta’s GDP in 2019The Alberta government’s unprecedented move to cut back oil production in the province starting next year is “a desperate measure to alleviate bottlenecks and bolster prices,” says a commentary by the Conference Board of Canada. “Whether there’s a payoff will be hard to determine and will depend on whose opinion you ask on this complex…

Capital expenditures in Canadian oil patch plunge 58% from 2014

ATB report blames the decline on the completion of major projects and the dramatic oil price differential

Capital expenditures in Canadian oil patch plunge 58% from 2014The news from the oil patch continues to raise concerns across Alberta and Canada. The latest is the revelation that capital expenditure in the oil patch, a driving force of the national and provincial economies, is falling again. ATB Financial’s Economics & Research Team on Thursday released data from Statistics Canada indicating that there were “whispers…

William Joseph Communications firing on all cylinders

Despite a challenging economy, the Calgary-based company is thriving and expanding

William Joseph Communications firing on all cylindersDespite a challenging economy, full-service Western Canadian marketing agency William Joseph Communications continues to grow its business, celebrating one of its most successful years yet. The key has been its ability to adapt over the years and diversify its portfolio. Ryan Townend, the Calgary-based company’s CEO and founder, said it seemed like the company hit…

Lower crude oil exports lead to jump in trade deficit

Crude oil export prices were down 15.4% in October, the strongest monthly decrease since February 2016: StatsCan

Lower crude oil exports lead to jump in trade deficitCanada’s merchandise trade deficit with the world widened from $891 million in September to $1.2 billion in October, according to Statistics Canada. The federal agency said on Thursday that the country’s exports were down 1.2 per cent in October, principally on lower exports of crude oil. Imports were down 0.6 per cent, mainly due to…

Falling in love with barbecue

Jack Thompson of BroBBQ.com talks about the necessity of a slow and patient, yet spontaneous approach to grilling

Falling in love with barbecueJack Thompson is founder of BroBBQ.com. What is BroBBQ and what do you do? Where are you located? When and why did you start this up? Thompson: BroBBQ is my brainchild, dedicated solely to all things BBQ. We are located in Texas. BroBBQ started February 2018 and I decided to start it just because BBQ is…

Lisa ‘Longball’ Vlooswyk encourages people to go the distance

The long drive golf champion and motivational speaker encourages people to recognize their passions and pursue them

Lisa ‘Longball’ Vlooswyk encourages people to go the distanceLisa “Longball” Vlooswyk is  an eight-time Canadian long drive champion, keynote speaker, golf/travel journalist and golf entertainer. Tell me about Lisa Longball. How, why and when did you start this venture and what you do? Vlooswyk: Well I wear many hats as Lisa Longball. I compete at a world-class level in the sport of long…

Online food shopping becoming more popular for Canadians

Ordering restaurant takeout is the most common way survey respondents bought food online

Online food shopping becoming more popular for CanadiansPurchasing food online is becoming increasingly popular for Canadians, according to a new report released on Tuesday by the Canadian Internet Registration Authority (CIRA). The report, How the Internet feeds hungry Canadians, found that 24 per cent of Canadians have purchased food online in the past year, up from 14 per cent in 2016 and…

Enbridge selling its New Brunswick business for $331 million

Enbridge Gas New Brunswick operates and maintains more than 1,200 km of natural gas distribution pipeline

Enbridge selling its New Brunswick business for $331 millionEnbridge Inc. is selling its Enbridge Gas New Brunswick business to Liberty Utilities (Canada) LP, a wholly-owned subsidiary of Algonquin Power and Utilities Corp., for a cash purchase price of $331 million. Enbridge said closing of the deal is subject to the receipt of regulatory approvals and other customary closing conditions expected in 2019. “This…
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