Canadian oil and gas extraction industry revenue up

Royalty payments totalled $6.6 billion in 2017, up 56.7% from $4.2 billion in 2016

Canadian oil and gas extraction industry revenue upThere was some good news for the Canadian oil and gas extraction industry in 2017 after being hit hard following the collapse of oil prices in late 2014. Statistics Canada reported on Monday that total revenue for the industry increased 34.9 per cent to $118.5 billion in 2017, following a 10.9 per cent decline in…

How browseYYC brings local choices to Calgary consumers

Teara McGinn has helped create a shared shopping website that showcases Calgary-produced goods

How browseYYC brings local choices to Calgary consumersTeara McGinn is co-founder of browseYYC. Calgary’s Business: What is browseYYC and how does it work? McGinn: browseYYC is a ‘shop local, online’ marketplace. It’s a website where people can experience the convenience of online shopping with the feel-good value of supporting local businesses. By allowing all types of sellers (retailers, artisans, etc) across the…

19,000-acre ranch donated to U of C’s Faculty of Veterinary Medicine

The gift, from J.C. Anderson and his daughter Wynne Chisholm, is  valued at $44 million

19,000-acre ranch donated to U of C’s Faculty of Veterinary MedicineThe University of Calgary’s Faculty of Veterinary Medicine has received a massive donation to help it create a world-class teaching, learning and research facility in Alberta. The U of C announced on Friday it was receiving a gift of a 19,000-acre cattle ranch operation, valued at $44 million from J.C. Anderson and his daughter Wynne…

Wello founded on a healthy foundation

Vince Danielsen talks about how building the growing health-care provider was a lot like putting a winning football team together

Wello founded on a healthy foundationVince Danielsen is CEO of Wello. Calgary’s Business: What is Wello? When and why was it founded? Danielson: Wello is an innovative virtual health-care provider that gives people anytime, anywhere access to services that help them get well when they’re sick and keep well over the long term. We have a saying at Wello –…

Positive growth for Canadian economy but risks exist: report

Conference Board of Canada warns that NAFTA success is crucial to its projections

Positive growth for Canadian economy but risks exist: reportThe Conference Board of Canada is painting a rosier picture for the Canadian economy this year. On Thursday, the board released a report saying the national economy will rise by two per cent in 2018. That’s 0.2 percentage points better than its previous forecast. But the report also said risks to the forecast are “substantial…

U of C’s Haskayne School of Business helping energy startups

Twenty-five ventures to be selected for the launch of the Creative Destruction Lab Energy program

U of C’s Haskayne School of Business helping energy startupsThe University of Calgary’s Haskayne School of Business is launching a new program to help early-stage energy ventures bring their technologies to the market. This weekend, the school’s Creative Destruction Lab (CDL) Rockies will select a group of 25 ventures for the program’s launch of CDL Energy. “Calgary is already known for its pioneers and…

Responding to the tastes of passionate foodies

Alec Wang on how Nomme has taken food delivery to a new level by focusing on local and expanding customers’ culinary experiences

Responding to the tastes of passionate foodiesAlec Wang is CEO and co-founder of Nomme. Calgary’s Business: What is Nomme? When and why was it founded? Wang: Nomme is an on-demand food delivery company. The story of Nomme began with a desire to expand culinary horizons within a group of passionate foodies who were constantly on the hunt for the newest and…

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…
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