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.…

19% of women, 13% of men reported workplace harassment in 2016

By only 4% of women and less than 1% of men reported experiencing sexual harassment or unwanted sexual attention

19% of women, 13% of men reported workplace harassment in 2016A Statistics Canada report released on Monday says 19 per cent of women and 13 per cent of men aged 15 to 64 reported in 2016 that they experienced at least one type of harassment in the workplace in the previous 12 months. The results in the report titled Harassment in Canadian workplaces were based…

The top 10 e-commerce trends for 2019 are …

The effects will be felt across the entire supply chain, by brands, manufacturers, distributors, retailers and consumers alike

The top 10 e-commerce trends for 2019 are …E-commerce continues to be a growing part of the Canadian retail landscape. On Monday Absolunet, an e-commerce agency, revealed its  top 10 trends in the sector that will impact North American retailers in 2019. The effects will be felt across the entire supply chain, by brands, manufacturers, distributors, retailers and consumers alike, said the company.…

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…

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…

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…

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…

Alberta cuts oil production in face of price differential

‘Every Albertan owns the energy resources in the ground and we have a duty to defend those resources,’ says Premier Notley

Alberta cuts oil production in face of price differentialAlberta Premier Rachel Notley announced on Sunday that the province is mandating a short-term reduction in oil production in response to the historically high oil price differential. The provincial government says that differential is costing the national economy more than $80 million a day. Production of raw crude oil and bitumen will be reduced by…

Building a good corporate culture starts at the top

Organizational psychologist Laura Hambley talks about how to make workplaces and people more productive and engaged

Building a good corporate culture starts at the topLaura Hambley is an organizational psychologist based in Calgary. She is president and co-founder of Work EvOHlution, founder of Canada Career Counselling and president/founder of the Leadership Success Group. What is Work EvOHlution and what does it do? Hambley: Work EvOHlution helps leaders, teams and individuals thrive when working apart. We are a team of…
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