According to a recent ATB Financial Economics & Research Team economic update, the number of people moving to Alberta from other parts of Canada was higher than the number moving out last year, for a net gain of 7,736 new residents. But where are they coming from? “British Columbia, Ontario and Saskatchewan stand out in this regard,…
The resource price crash of 2014 forced Horizon North to turn its old business model on its head
A high-end home built by an oil-and-gas logistics company? Now, that’s disruptive technology at work. Disruption is a way of life now for Horizon North, a company that has had to be exceptionally nimble after the resource price crash of 2014 turned its old business model on its head. Created as a spinoff from Mullen…
Alberta will be hit the hardest, with 9,600 more jobs expected to disappear
Some sobering news out on Monday about jobs in the struggling oilpatch. The 2019 Labour Market Update by the PetroLMI division of Energy Safety Canada indicates about 12,500 jobs are at risk this year due to several factors including low commodity prices, a decline in capital spending and continued uncertainty over market access. And Alberta,…
January was the first month of temporary mandatory production cuts in Alberta: StatsCan
Crude oil and natural gas production and electricity generation rose in January, while coal production declined compared with the same month in 2018, says Statistics Canada. The federal agency reported on Friday that Canada produced 22.3 million cubic metres (140.3 million barrels) of crude oil and equivalent products in January, up 3.1 per cent from…
Alberta paid $27.9 billion more into the Canada Pension Plan than what they received in CPP payments over the past 10 years.
A report from the Fraser Institute says Alberta workers paid $27.9 billion into the Canada Pension Plan over and above what retirees in the province received in CPP payments over the past 10-year period. The report - Albertans Make Disproportionate Contributions to National Programs: The Canada Pension Plan as a Case Study - released Wednesday…
Energy prices recorded their largest decline since the first quarter of 2016, following four consecutive quarterly increases
Real gross domestic product of the natural resources sector decreased by 0.4 per cent in the fourth quarter, following a 0.8 per cent increase in the third quarter, according to a report released on Tuesday by Statistics Canada. The federal agency said real GDP in the energy subsector declined 0.3 per cent in the fourth…
Shami Sandhu talks about what makes Realty ONE Group different and why those differences work well for buyers and agents
Shami Sandhu is president and regional director of Realty ONE Group of Western Canada. What is the Realty ONE Group and what do you do? Sandhu: Realty ONE Group is a full-service lifestyle real estate brand that has experienced rapid growth since Kuba Jewgieniew started the company in 2005. Unlike existing traditional models, we don’t…
Randy Milanovic of Kayak Online Marketing talks about entering partnerships with clients to achieve mutual growth
Randy Milanovic is CEO of Kayak Online Marketing. Tell me a little bit about your company – how it started and what you do? Milanovic: We launched Kayak Online Marketing in 2011. However, its origins date back to the second half of the 1990s when I was working in a number of Calgary’s ad agencies,…
The province introduced mandatory production cuts to reduce the inventory and improve the price of oil
The Alberta government is increasing the amount of oil production allowed by the province’s producers. It said production limits in May will increase by 25,000 barrels a day and 25,000 more in June – a 50,000 increase in total to 3.71 million barrels per day allowed, effective June 1. This represents a total increase of…
Edmonton-based retailer has e-commerce licence in Saskatchewan and is poised for growth elsewhere
You can now order in your pizza and your pot – if you live in Saskatchewan. Fire & Flower Holdings Corp. on Monday launched an e-commerce platform to sell adult-use recreational cannabis to customers in Saskatchewan, and accessory products to the rest of the country. The online ordering service is available from the Edmonton-based retailer’s…
CAPP report calls for a clear government commitment to resource development and a competitive fiscal environment
Canada has an abundance of natural resources, but a lack of pipelines and insufficient infrastructure are crippling our ability to compete for global market share, says a new report by the Canadian Association of Petroleum Producers. “Before they will invest in Canada, global investors need to see that the Canadian federal and provincial governments are…
Exports on the rise to U.S. and elsewhere: StatsCan
Canadian production of crude oil and equivalent products totalled 264.6 million cubic metres in 2018, up 8.5 per cent from the previous year, according to Statistics Canada. The federal agency reported on Monday that non-upgraded production of crude bitumen (+12.7 per cent) was the main contributor to the overall rise. Since January 2016, the average…
Funding and testing innovations in areas such as the oil and gas sector, health-care digitization and environmental protection
Global technology leader Cisco is investing $15 million to enhance its Western Canadian presence. “Getting the most out of the digital world of tomorrow means investing and preparing for it today,” said Rola Dagher, president of Cisco Canada, in making the announcement on Wednesday in Calgary. “The commitments announced today build on our strong track…
But Alberta's ranking continues to slip in the latest Fraser Institute report
Saskatchewan is the world’s third most attractive jurisdiction for mining investment, while Alberta placed 51st in the latest Annual Survey of Mining Companies report released on Thursday by the public think-tank the Fraser Institute. “The mining survey – now in its 21st year – is the most comprehensive report card on government policy decisions that…
Refrigeration technology is also suitable for other gas processing applications, company says
A Calgary-based technology company has developed an innovative, robust and scalable refrigeration/liquefaction technology for the liquefied natural gas (LNG) industry. PTX Technologies Inc. says it’s focused on identifying, evaluating and developing commercial projects that can employ its innovative refrigeration technology to reduce capital, operating costs and improve overall project economics. Colin Nikiforuk, president and CEO…