A bold alternative to pouring money into another Calgary Olympics

Why not pioneer an Alberta climate change caravan resettlement program as part of an emerging new west?

A bold alternative to pouring money into another Calgary Olympics“Back to the future!” This thought echoes in my brain as I contemplate the imminent plebiscite on whether Calgary agrees to the omnibus International Olympic Committee, provincial and federal offers to co-fund the Winter Olympic Games again, along with some $390 million in Calgary municipal taxpayer dollars. While most Calgarians who were part of the…

Crude oil and equivalent products production up 9.6%

Alberta (82.6%), Saskatchewan (10.3%) and Newfoundland and Labrador (4.7%) accounted for the vast majority of Canadian production

Crude oil and equivalent products production up 9.6%Canadian production of crude oil and equivalent products continued at a robust pace in August as production totalled 23.6 million cubic metres (148.6 million barrels), up 9.6 per cent compared with the same month in 2017, says Statistics Canada. And Alberta produced a record 19.5 million cubic metres of crude oil and equivalent products in…

Why are investors souring on Alberta?

Policy uncertainty almost certainly plays a role

Why are investors souring on Alberta?Alberta’s economy has suffered in recent years. A major factor was world oil prices, which plummeted in 2014. And limited pipeline capacity, which fetches Canadian oil producers depressed prices for Canadian oil exacerbated Alberta’s economic woes. A number of metrics indicate that oil and gas investment in Alberta is in steep decline. According to a…

Shaw Communications revenue tops $5 billion in fiscal 2018

Wireless network investments remain the company’s top priority

Shaw Communications revenue tops $5 billion in fiscal 2018Shaw Communications Inc. saw revenue from continuing operations increase by seven per cent to $1.34 billion in its fourth quarter, which ended Aug. 31. The Calgary-based company also reported on Thursday that revenue was also up by roughly the same amount to $5.24 billion for its full fiscal year of 2018. Operating income before restructuring…

Husky Energy net earnings $545 million in third quarter

The company said it generated funds from operations of $1.3 billion in the quarter, up 48%

Husky Energy net earnings $545 million in third quarterNet earnings for Husky Energy soared in the third quarter of this year. The Calgary-based energy company reported on Thursday that net earnings were $545 million, a 300 per cent increase compared to $136 million in the third quarter of 2017. Net debt at the end of the quarter was lowered to $2.6 billion. “Husky’s…

Growing through productivity and innovation

Lori Schmidt of GO Productivity talks about how a made-in-Alberta strategy helps companies reach their potential and set new goals

Growing through productivity and innovationLori Schmidt is CEO GO Productivity. Can you explain what GO Productivity is and what it does? Schmidt: GO Productivity is a not-for-profit corporation whose mission it is to assist companies scale up and grow through productivity and innovation – enabling companies to improve their completeness and compete on a global scale. GO Productivity started…

Alberta leads country with highest level of average debt

Calgary and Edmonton had the highest levels of debt of major Canadian cities

Alberta leads country with highest level of average debtThe average consumer debt continues to rise in Alberta with the highest level in the country, according to the latest Equifax Canada Q2 2018 National Consumer Credit Trends Report which was released on Wednesday. Calgary and Edmonton had the highest levels of debt of major Canadian cities and Alberta had the highest for all the…

Alberta, B.C. to lead Canadian economic growth, again

Scotiabank report says Alberta will have employment gains of 1.8% this year, 1.2% in 2019 and 1.2% in 2020

Alberta, B.C. to lead Canadian economic growth, againAlberta and British Columbia have been the country’s economic growth leaders since 2000 and will continue to be so this year, says a new report released on Monday by Scotiabank Economics. The bank’s latest Provincial Outlook said both western provinces will see economic growth of 2.4 per cent this year, eclipsing the Canadian average of…

Report highlights Alberta’s continued economic vulnerability

Fundamental to diversification of Alberta’s economy is the contribution of small business innovation: ABCtech

Report highlights Alberta’s continued economic vulnerabilityUncertainties in the oil and gas industry and government deficits have weakened industry sentiment that Alberta is economically resilient, according to a report released Monday by the Alberta Council of Technologies (ABCtech). The report also said there’s an associated decline in the sentiment that the province’s innovation ecosystem is effective for supporting small business innovation…

Canadian oil production on the rise

StatsCan says crude oil production totalled 20.7 million cubic metres in July, up 7.6% from a year earlier

Canadian oil production on the riseCanada produced 22.5 million cubic metres (141.4 million barrels) of crude oil and equivalent products in July, up 8.1 per cent compared with the same month in 2017, says Statistics Canada. “The rise in production of crude oil and equivalent products in July was primarily attributable to a 15.2 per cent increase in non-upgraded crude…

What every business can learn from Alberta’s failures

Add value, diversify, take control of your destiny, do long-term planning and be fiscally responsible

What every business can learn from Alberta’s failuresIt should come as no surprise to anyone that the failure of the Alberta government over the past 40 years to protect the interest of its citizens has resulted in a province that’s up to its neck in debt. The woes of the province cost the Progressive Conservative Party its reputation, future generations their Heritage…

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…

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…

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…

Trans Mountain shoe is now firmly on Trudeau’s foot

As proud owners of this stinking mess, Trudeau and Morneau are going to find out first-hand the challenges the oil and gas industry has had to face over the years

Trans Mountain shoe is now firmly on Trudeau’s footAmerican author Robert Byrne once opined: “Until you’ve walked a mile in another man’s moccasins, you can’t imagine the smell.” It’s time to smell the roses on the Trans Mountain pipeline. The federal government is about to stumble 1,770 kilometres in the oil industry’s shoes over the Federal Court of Appeal’s decision to revoke approvals…
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