Calgary-based Communo connects entrepreneurs in the shared economy

Mobile app helps businesses in the marketing and advertising fields to connect and work together with the click of a button

Calgary-based Communo connects entrepreneurs in the shared economyCalgary-based tech company has launched a mobile app helping businesses in the marketing and advertising fields to connect at the click of a button and work together in the new shared economy. Communo was founded about a year ago by Calgary marketing gurus Ryan Gill and Chris Kneeland, who turned Cult Collective into an internationally-recognized…

Saskatchewan top spot for mining investment in Canada, Alberta 11th

Alberta placed 49th internationally and 11th in the Canadian rankings, with only Nova Scotia worse

Saskatchewan top spot for mining investment in Canada, Alberta 11thSaskatchewan is the world’s second most attractive jurisdiction for mining investment after Finland, according to the latest Annual Survey of Mining Companies released on Thursday by the Fraser Institute. Alberta placed 49th internationally and in the Canadian rankings, the province was 11th of all jurisdictions, with only Nova Scotia worse. “Rich mineral reserves, competitive taxes,…

One-quarter of Shaw Communications staff seek buyouts

'We expect the business to continue to operate in the normal course with no impact on customer experience,' the company says

One-quarter of Shaw Communications staff seek buyouts Calgary-based Shaw Communications Inc. announced on Thursday that 25 per cent of its workforce, or 3,300 employees, have elected to take part in the company's recently-announced voluntary departure program. The program is the first step in the company's multi-year Total Business Transformation initiative, “designed to reinvent its operating model to better meet the changing tastes…

Suncor boosts interest in Syncrude in $920-million deal

‘This transaction reflects our confidence in the long-term future of the oilsands,‘ said Suncor president Steve Williams

Suncor boosts interest in Syncrude in $920-million dealEnergy giant Suncor Energy is buying Mocal Energy’s five per cent interest in the Syncrude joint venture for $920 million. The transaction is expected to close in the first quarter of 2018. “This transaction reflects our confidence in the long-term future of the oilsands and the high quality and value of the Syncrude asset, adding 17,500…

Alberta leads jump in crude oil production

StatsCan says production of crude oil and equivalent products in Canada rose 4.1 per cent in November, year over year

Alberta leads jump in crude oil productionProduction of crude oil and equivalent products in Canada rose 4.1 per cent in November from a year ago, according to a report released on Friday by Statistics Canada. The total national output was 21.5 million cubic metres or 135.3 million barrels. “Alberta produced 17.4 million cubic metres of crude oil and equivalent products in November, up 4.5 per cent…

Non-permanent residents most likely to hold mortgages in Canada’s major centres

Report released on Tuesday by Canada Mortgage and Housing Corp.

Non-permanent residents most likely to hold mortgages in Canada’s major centresA report released on Tuesday by Canada Mortgage and Housing Corp. says the share of mortgages held by non-permanent residents is most evident in Canada's major metropolitan areas. The Rise of Non-Permanent Residents and Their Effect on Housing report found that in 2016, 3.9 per cent of mortgages issued in Vancouver were held by non-permanent…

Calgary commercial real estate activity on upswing: report

Barclay Street Real Estate says the number of sales were up in 2017 and there were ‘significant shifts in investor focus

Calgary commercial real estate activity on upswing: reportTransactions in Calgary's commercial real estate sector reached $2.35 billion in 2017, slightly down from the previous year. But the number of investment sales grew by 25 per cent, according to a new report by Barclay Street Real Estate. Total dollar volume in 2016 was $2.63 billion. In 2017, there were 381 sales compared with…

Manufacturing Alberta’s clear job growth winner in 2017

Employment in Alberta grew by 55,000 jobs last year. ATB Financial says manufacturing led the way with 18,000 new jobs

Manufacturing Alberta’s clear job growth winner in 2017(Published on January 30, 2018) Some great job growth analysis related to Alberta in 2017 was released on Jan. 8 by ATB Financial's economics and research team. The province's unemployment rate was down to 6.9 per cent at the end of the year, the lowest it has been since late 2015, when the full impact of…

Calgary housing market moderately vulnerable: CMHC

‘Growth in employment and in the young adult population have helped support housing demand and price levels in Calgary’

Calgary housing market moderately vulnerable: CMHCThe latest Housing Market Assessment report by Canada Mortgage and Housing Corp. indicates Calgary's real estate market is experiencing a “moderate degree of vulnerability.” The objective of CMHC’s assessment is to identify locations in which there are heightened vulnerabilities to housing market instability from the level of house prices and/or from factors that are known…

Share of self-employed jobs in Alberta remains stable

An average of 383,300 Albertans said they were self-employment last year. This translates into about 17 per cent of all jobs in the province

Share of self-employed jobs in Alberta remains stable(Published on January 30, 2018)A report released by ATB Financial's economics and research team on Jan. 30 says the number of Albertans who identify as self-employed stayed roughly the same throughout the recent recession and has remained consistent during the recovery. According to Statistics Canada, an average of 383,300 Albertans said their main job took the…

Energy extraction has noticeable impact on Canada’s GDP

ATB Financial's latest commentary says Canada’s economic upswing is partly the result of the rebound in the energy sector

Energy extraction has noticeable impact on Canada’s GDPThe above headline should grab everyone's attention in this country, particularly different levels of government. It's courtesy of ATB Financial's economics and research team and their commentary released this morning. ATB looked at the latest data from Statistics Canada, which indicated that Canada’s economy in November 2017 was 3.5 per cent larger than it was…
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