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…

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…

Canada’s crude oil profit margin is being railroaded

Shipping crude by rail means lost revenue for oil producers and hampers the broader Canadian economy

Canada’s crude oil profit margin is being railroadedBy Elmira Aliakbari and Ashley Stedman The Fraser Institute When Canada's Federal Court of Appeal quashed the federal government’s approval of the Trans Mountain pipeline expansion project, citing inadequate consultation with First Nations and concerns over marine tanker traffic, it was the latest blow in a bad few months for Canada’s heavy oil producers. Crude…

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…

Crescent Point Energy cutting 17% of its workforce

‘Our plan is designed to ensure we become a more focused and efficient company with a stronger balance sheet,’ says new CEO

Crescent Point Energy cutting 17% of its workforceCalgary-based energy company Crescent Point Energy has appointed a new president and chief executive officer, and plans to immediately reduce its workforce by 17 per cent. On Wednesday, the company announced the appointment of Craig Bryksa as president and CEO, as well as the adoption of “a new clearly defined transition plan with measurable deliverables.”…

Higher oil prices lead to lower merchandise trade deficit

The surprise reduction in the trade deficit because of higher oil prices actually masked more negative news for the Canadian economy

Higher oil prices lead to lower merchandise trade deficitCanada's merchandise trade deficit with the world narrowed from $743 million in June to $114 million in July, the smallest deficit since the most recent surplus in December 2016, says Statistics Canada. The federal agency said on Wednesday that total exports rose 0.8 per cent, mainly on higher crude oil prices, while total imports declined…

Alberta’s job recovery brings its own set of problems

Instead of a recovering private sector economy, Alberta has simply expanded its government sector

Alberta’s job recovery brings its own set of problemsBy Charles Lammam and Brennan Sorge The Fraser Institute Premier Rachel Notley’s government has repeatedly pointed to total employ­ment figures as a sign that Alberta has recovered from the recent recession. For instance, the premier recently said “our economy is recovering … and created 90,000 new jobs last year.” But to better understand the state…

Olympic decision 2026: Calgary’s Games don’t have to break the bank

‘Olympics can be expensive, but they don’t have to be’

Olympic decision 2026: Calgary’s Games don’t have to break the bankA generation after the 1988 Winter Olympics transformed Calgary, its citizens are debating whether to bid for the 2026 Winter Olympic Games. Calgary council votes on Sept. 10 on whether to keep the process alive, and its citizens will have their say in a plebiscite on Nov. 13. What are the risks and rewards in…

Inflated employee pay at the heart of Alberta government’s debt

From wages to benefits to job security to early retirement, government employee compensation must be constrained

Inflated employee pay at the heart of Alberta government’s debtBy Charles Lammam and Steve Lafleur The Fraser Institute Alberta’s public finances are in rough shape. The government of Premier Rachel Notley expects to run another budget deficit this year (estimated at $8.8 billion) and has no plan to balance the books until at least 2023-24. Since 2014-15, the province has added more than $33…

Empowering, advancing female leaders in the energy industry

Katie Smith of Young Women in Energy aims to increase and provide female voice, presence, development and leadership in the industry

Empowering, advancing female leaders in the energy industryKatie Smith is executive director at Young Women in Energy. Calgary’s Business: What is Young Women in Energy and can you give us some background on why and when it was formed? Smith: Young Women in Energy (YWE) is a non-profit organization established in 2013 with the vision of changing the face of energy. Now…

Canadian Pacific moving more grain

Railway plans to spend more than $1.55 billion in capital investments in 2018

Canadian Pacific moving more grainCanadian Pacific railway announced on Monday that it moved 25.8 million tonnes of Western Canadian grain and grain products, soybeans and other non-regulated principal field crops during the 2017-2018 crop year, up one per cent over the 2016-2017 crop-year and one per cent above its three-year average. It also said that September 2017 was CP's…

Alberta sends bulk of crude oil to pipelines in Canada

Pipelines delivered 7.4 million cubic metres of crude oil to Canadian refineries in June, up 3.2% over last year

Alberta sends bulk of crude oil to pipelines in CanadaPipelines in Canada received 20.8 million cubic metres of crude oil and equivalent products from fields and plants in June, up 4.5 per cent compared with the same month in 2017, according to Statistics Canada. The federal agency reported 0n Monday that the vast majority of product came from Alberta at 86.4 per cent of…
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