Canadian natural resource sector economic activity on the rise

The mineral and mining subsector drove the increase, led by potash

Canadian natural resource sector economic activity on the riseThe natural resource sector, including energy, saw the volume of economic activity grow in the third quarter of 2018, according to Statistics Canada. The federal agency reported Thursday that real gross domestic product in the natural resource sector rose by one per cent in the quarter following a 1.4 per cent increase in the second…

Innovative, sustainable custom home designs still draw clients

Kathy Yuen of Phase One Design talks about how to build an award-winning company from scratch, even during downturns

Innovative, sustainable custom home designs still draw clientsKathy Yuen is president of Phase One Design. Tell me about Phase One Design. How it got started, why, where you’re located and what you do? Yuen: Phase One Design is a residential design firm. We specialize in the architecture of luxury custom homes (not to be confused with interior design). How did it all…

Calgary-based technology company helping businesses save on costs

Businesses get instant insight into their entire telecommunications and IT landscape with only a few clicks of a mouse

Calgary-based technology company helping businesses save on costsCalgary-based SpikeFli Analytics, a software-as-a-service (SaaS) company, is helping businesses large and small seamlessly manage their telecom and information technology infrastructure to make better decisions in more cost-effective ways. It’s doing that by providing the business community, and telecom and IT management professionals, with instant big-data analytics and management reports through a centralized platform to better explain, manage and…

Shaw Communications posts net income of $187 million in quarter

‘Transforming into an agile, lean and digital-first organization,’ says CEO Brad Shaw

Shaw Communications posts net income of $187 million in quarterCalgary-based Shaw Communications Inc. reported on Monday net income of $187 million for its fiscal first quarter, which ended Nov. 30, 2018. It said net income rose from $111 million in the first quarter of fiscal 2018 “driven primarily by an increase in operating income before restructuring costs and amortization.” The company also said revenue…

Alberta leads the way in crude oil production increase

Statistics Canada said exports of crude oil and equivalent products increased 10.7% from the same month a year earlier

Alberta leads the way in crude oil production increaseCanada produced 23.1 million cubic metres (145.6 million barrels) of crude oil and equivalent products in October, up 13.2 per cent from the same month a year earlier, according to Statistics Canada. The federal agency said on Friday that Alberta produced 19.3 million cubic metres of crude oil and equivalent products in October, an increase…

Husky looking at selling its gas stations

Retail and commercial network consists of more than 500 stations

Husky looking at selling its gas stationsHusky Energy has announced it is conducting a strategic review that could lead to it selling its Canadian retail and commercial fuels business, as well as its Prince George. B.C., refinery. “Our retail network and the Prince George refinery are excellent assets, with exceptional employees, which have made solid contributions to Husky over the years,”…

Report says oil prices expected to rise

Prices will improve because of increased demand from U.S. refineries, improving transportation capacity and mandatory productions cuts in Alberta

Report says oil prices expected to riseThe oilpatch in Alberta has had a tough go of it since oil prices collapsed in the latter part of 2014. But on Tuesday there was some good news from a new report released by Deloitte’s Resource and Advisory Group. It forecasts prices for Canadian heavy and light oil to improve somewhat in 2019 because…

New coalition seeks to create a compelling LNG narrative for Canada

The group is hosting a session on Jan. 15 in Calgary to gauge interest. So far, nearly two dozen organizations plan to attend

New coalition seeks to create a compelling LNG narrative for CanadaCanada's oil and gas industry long ago lost control over the narratives that shaped the worldview of its oil sands sector. Sadly, that perspective includes much of Canada. The sector is constantly reacting to competing narratives expertly controlled by outside forces much more proficient at storytelling than we’ve been. As a result, Canada's global reputation as…

Nimble, creative deal-makers concentrate on building, operating hotels

Eric Watson explains how MasterBUILT Hotels’ business strategy allows the company to succeed in challenging times

Nimble, creative deal-makers concentrate on building, operating hotelsEric Watson is president of MasterBUILT Hotels. Tell me about MasterBUILT Hotels – the history of the company, the number of hotels and where they’re located. Watson: MasterBUILT Hotels was formed in April 2011 by two prominent Calgary business leaders and friends – Jay Westman and Marc Staniloff – with the mission of developing 75…

Poll on oil in Quebec shows some surprising results

66% of Quebecois favour Western Canadian oil over foreign oil, and 45% believe pipelines are the safest means of transporting oil

Poll on oil in Quebec shows some surprising resultsHere’s some interesting poll results taken for the Montreal Economic Institute regarding the controversy over oil and recent negative statements about the Quebec’s Premier about oil which has angered people in Alberta. The Leger poll found that 66 per cent of respondents favoured Western Canadian oil, versus just seven per cent who preferred to import…

Feds investing $1.6 billion in Canada’s oil and gas sector

Money intended to ‘protect jobs and restore competitiveness during this difficult time’

Feds investing $1.6 billion in Canada’s oil and gas sectorThe federal government announced 0n Tuesday in Edmonton more than $1.6 billion to support jobs and workers in Canada’s oil and gas sector “as Canada seeks to diversify export markets for its resources beyond the United States.” The announcement was made by federal Natural Resources Minister Amarjeet Sohi and International Trade Diversification Minister Jim Carr.…

Mainstreet Equity records best fiscal year since recession

A return to double-digit growth across all of its key real estate metrics

Mainstreet Equity records best fiscal year since recessionMainstreet Equity Corp. says the apartment rental company managed to not only survive but thrive in 2018, producing its best annual results since the recession began in 2014. For Fiscal 2018, which ended Sept. 30, this included a return to double-digit growth across all of its key real estate metrics. Net operating income grew 12…

Bridging the gap between renters and landlords

Mark Hawkins talks about how Rentfaster.ca evolved from a small local website to a national brand by stressing customer service

Bridging the gap between renters and landlordsMark Hawkins is president and owner of Rentfaster.ca. What is RentFaster? When did it start and how does it work? Hawkins: Technically, Rentfaster.ca is an Internet listing service (ILS), but really it’s a website that’s designed to help landlords and renters connect. Rentfaster.ca started in 2003 and has evolved over the years to really help…

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…

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…
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