Proton Technologies extracts low-cost hydrogen from oilfields

The idea for Calgary-based Proton Technologies began as a conversation between leading academic researchers at the University of Calgary and a young Canadian oil and gas company. Both were seeking to redefine the energy sector through the application of game-changing technologies. Proton's mission is to transform the deep earth into a continuing source of green…

Calgary energy conference looks at disruption in industry

Calgary energy conference looks at disruption in industryEnergy Disruptors: Unite 2019 is returning to Calgary this week. The event is intended to encourage action among world-renowned thought leaders to look at the greatest energy challenges as opportunities. The event takes place Tuesday and Wednesday at Stampede Park. The 2019 summit will be headlined by well-known author and speaker Malcolm Gladwell. “We have…

Canadians $1.77 in debt for every dollar of disposable income

The "good news" is that debt is growing at a slower pace

Canadians $1.77 in debt for every dollar of disposable incomeHousehold credit market debt as a proportion of household disposable income fell to 177.1 per cent in the second quarter of this year, the third consecutive quarterly decline, as income grew slightly faster than debt, according to a report released Friday by Statistics Canada. “In other words, there was $1.77 in credit market debt for…

Hatch Ltd., Upside Engineering Ltd. merge in the oil and gas sector

Brings together the largest oil and gas process team for complex upstream and downstream flowsheet development in Canada

Hatch Ltd., Upside Engineering Ltd. merge in the oil and gas sectorTwo significant players in Alberta's oil and gas market have merged. In a news release on Wednesday, Hatch Ltd. announced that Upside Engineering Ltd. has joined Hatch, bringing together the largest oil and gas process team for complex upstream and downstream flowsheet development in Canada with a well-established local engineering firm that specializes in midstream…

High net-worth Canadians focusing on preserving their wealth

The reasons for that include market uncertainty, geopolitical turmoil and home-grown tax changes

High net-worth Canadians focusing on preserving their wealthHigh net-worth Canadians are shifting their focus from generating wealth to preserving what they have, with 82 per cent saying it's more important than ever to 'future-proof' their wealth, says a new study released Wednesday by RBC Wealth Management. The reasons for that include market uncertainty, geopolitical turmoil and home-grown tax changes. "While investment and…

It pays to get a bachelor’s degree from a college

It pays to get a bachelor’s degree from a collegeIt pays to get a college bachelor's degree, Statistics Canada reported on Monday. The federal agency reported on a study showing that the average annual earnings of college bachelor's degree holders two years after graduation were $55,187. This was 12 per cent higher than the earnings of university bachelor's degree holders ($49,281), 42.5 per cent higher…

Canada’s multifamily housing market robust: report

Vacancy rates below 10-year average, rents on the rise: CBRE

Canada’s multifamily housing market robust: reportCanada’s multifamily housing market is the most robust it has ever been, , according to CBRE’s new Canadian Multifamily Mid-Year Update. Apartment buildings are practically full from coast to coast and rental rates are at or near 10-year highs in almost every market, according to CBRE. The commercial real estate firm’s report said the national…

Crescent Point Energy selling some of its Sask assets

The company said its net debt is expected to improve to approximately $2.75 billion at year-end 2019

Crescent Point Energy selling some of its Sask assetsCrescent Point Energy announced Tuesday it was selling its Uinta Basin asset in its entirety and certain southeast Saskatchewan conventional assets for $912 million.  The company said its net debt is expected to improve to approximately $2.75 billion at year-end 2019, down from $4.40 billion prior to the changes in senior management in 2018.  "Since…

‘Ominous’ slip in Canadian business investment: C.D. Howe Institute

Weak investment puts Canada on a path to lower value-added jobs and living standards

‘Ominous’ slip in Canadian business investment: C.D. Howe InstituteBusiness investment in Canada has slipped ominously, according to a report published by the C.D. Howe Institute on Wednesday. The report, “Thin Capitalization: Weak Business Investment Undermines Canadian Workers,” by C.D. Howe's President and CEO William Robson, warns that lagging capital investment in Canada has crippled Canadian workers’ ability to increase production and earn higher…

Husky Energy ramps up production in Saskatchewan

‘Our Saskatchewan production is not subject to government-mandated production quotas. In addition, we have many diverse investment options’

Husky Energy ramps up production in SaskatchewanHusky Energy says it has started production at its Dee Valley thermal project in Saskatchewan. It’s the second of six 10,000-barrel-per-day thermal bitumen projects to be brought on stream from 2018 to 2022. “Dee Valley is the latest in our deep portfolio of repeatable, small-scale Lloyd developments that provide low-cost, reliable feedstock for our upgrader,…

Oil sands driving Canadian energy-related R&D

Fossil fuel technologies were the main driver of energy-related in-house R&D spending in 2017, accounting for almost half of the money spent

Oil sands driving Canadian energy-related R&DCanadian companies spent $1.5 billion on energy-related in-house research and development (R&D) in 2017, says Statistics Canada. That accounted for 8.3 per cent of the total in-house R&D expenditure in Canada, but was still down 4.6 per cent from 2016. Energy-related areas of technology include fossil fuels, renewable energy sources, nuclear fission and fusion, electric…
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