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…

Canadian capital investment climate deteriorating, badly

Capital investment in Canada has slowed to a 40-year low, negatively affecting living standards for workers and overall economic growth

Canadian capital investment climate deteriorating, badlyThe growth rate of capital investment in Canada – particularly in the important areas of equipment, machinery and intellectual property – has slowed to a 40-year low, negatively affecting living standards for workers and overall economic growth, according to a study released on Thursday by the Fraser Institute, a national public policy think-tank. “The evidence…

Alberta to lead the country in economic growth this year

Nationally, RBC says the economy is expected to grow 2.1% this year and 2.0% next year

Alberta to lead the country in economic growth this yearAlberta is in position to be the economic growth leader among all provinces for a second straight year, says a report on released Wednesday by RBC Economic Research. “Recovery from the tough 2015-2016 recession is continuing with more sectors of the economy contributing. Stronger oil prices are a clearly positive development keeping the recovery on…

Buying or renting a home – what’s the best choice?

The cost of renting will increase more rapidly than the cost of homeownership: report

Buying or renting a home – what’s the best choice?It’s the million-dollar question many Canadians will face. Should I buy or rent a home? Well a new report by Mortgage Professionals Canada suggests homeownership is an affordable alternative as rent costs rise. “The report demonstrates that the money Canadians are spending on monthly rent, if used instead to finance a home, would be a…

ATCO expanding global infrastructure portfolio

Calgary-based company purchases 40% of Neltume Ports, a port operator and developer in South America, for $450 million

ATCO expanding global infrastructure portfolioCalgary-based ATCO is expanding its global infrastructure portfolio with the acquisition of 40 per cent of Neltume Ports, a leading port operator and developer in South America, for $450 million. The company said Neltume Ports, a subsidiary of Ultramar, operates in 16 port facilities and three stevedoring businesses primarily located in Chile and Uruguay. “This…

Baby Gourmet makes baby food even you will eat

We put premium gas in our luxury cars so why not put the best, highest quality baby food into the most important members of your family?

Baby Gourmet makes baby food even you will eatJennifer Carlson is co-founder of Baby Gourmet and academic chair (Innovation and New Ventures) at SAIT's School of Business. Calgary’s Business: How did the idea of establishing Baby Gourmet come about? Carlson: The idea for Baby Gourmet came about 13 years ago when my then six-month-old daughter was starting solids and I was not happy…

Alberta leads the way in production of crude oil

The year-over-year increase in total production of crude oil in June was driven by non-upgraded crude bitumen: StatsCan

Alberta leads the way in production of crude oilCanada produced 21.1 million cubic metres (132.9 million barrels) of crude oil and equivalent products in June, up 10.5 per cent from the same month a year earlier, according to Statistics Canada. The federal agency reported on Tuesday that the year-over-year increase in total production of crude oil and equivalent products in June was driven…

Sims committed to taking WestJet to new heights

President and CEO Ed Sims lays out an expansive and optimistic future for the Calgary-based airline

Sims committed to taking WestJet to new heightsEd Sims is president and CEO of WestJet. Calgary’s Business: What’s your vision for WestJet in the near-term and long-term? Sims: My mandate from the outset has been to return WestJet to previous levels of profitability and build trust and confidence among our 13,000 WestJet employees. Our people are our ‘secret sauce’ and we are…

Kevin O’Meara replaces DIRTT founder Mogens Smed as CEO

O'Meara's experience includes co-founding and growing Builders FirstSource, a manufacturer and distributor of structural building products

Kevin O’Meara replaces DIRTT founder Mogens Smed as CEOCalgary-based DIRTT Environmental Solutions, an interior construction company that uses technology for client-driven design and manufacturing, has announced that founder and executive chair Mogens Smed has left the company, effective immediately. In a statement, the company said that Smed in January “agreed to cease acting as CEO and to undertake a new role as executive…

Canadian commercial real estate market booming

Toronto and Vancouver remain the primary destinations for commercial real estate. Calgary, Montreal and Edmonton rounded out the top five

Canadian commercial real estate market boomingIt’s been a record year for the Canadian commercial real estate industry so far in 2018. According to a new report released Monday by CBRE Canada, there were $16.5 billion worth of transactions in the second quarter of the year, up 38 per cent from the previous record total of $11.97 billion in the first…

More Americans coming to Canada to visit

But Canadians made fewer trips to the U.S. in June, the third consecutive month of decline: StatsCan

More Americans coming to Canada to visitU.S. residents continue to love Canada when it comes to tourist visits. In June, Americans made 2.1 million trips to this country, up 3.5 per cent from May and the second highest monthly total this year after March, according to Statistics Canada. “U.S. residents made 378,000 overnight trips to Canada by plane in June, up…

Workplace learning in Canada increasingly informal: report

Employers need to be aware of cost, lack of curriculum and role supervisors play in learning, says Conference Board of Canada

Workplace learning in Canada increasingly informal: reportA new report released on Monday by the Conference Board of Canada finds that the majority of workplace learning is taking place outside of the classroom. The report, Informal Learning: A Spotlight on Hidden Learning in the Canadian Workplace, found that 78 per cent of respondents to a survey said they spend up to two…

Drilling contractors remain resilient, optimistic

Mark Scholz of the Canadian Association of Oilwell Drilling Contractors says the organization’s members remain committed to the oil and gas industry

Drilling contractors remain resilient, optimisticMark Scholz is president of the Canadian Association of Oilwell Drilling Contractors (CAODC). Calgary’s Business: What’s the vision and mission of the Canadian Association of Oilwell Drilling Contractors? Scholz: Our vision is to be the most influential trade association in Canada because we want to help create the best possible environment for our members to operate…

Greenhouse gas emissions decline in Canada

The residential sector remained the largest energy user in 2016 at 24% of total energy consumption: StatsCan

Greenhouse gas emissions decline in CanadaTotal energy use by industries and households in Canada decreased 1.3 per cent in 2016 following a 0.3 per cent decline in 2015, says Statistics Canada. The federal agency also reported on Friday that greenhouse gas (GHG) emissions declined 1.5 per cent in 2016, following virtually no change from 2014 to 2015. “These changes took…

Restaurant industry expects tough year ahead

Increased sales the result of higher prices, not a significant boost in traffic across the country

Restaurant industry expects tough year aheadThis is shaping up to be the toughest year for food service operators since 2011, according to a report by Restaurants Canada. The association, which represents food service and hospitality businesses across the country, said overall food service sales in Canada were five per cent higher during the first six months of 2018 than during…