Alberta cities lack tech talent of other major North American markets

Toronto ranked third, Vancouver 12th, Montreal 13th and Ottawa 19th in top-50 list: CBRE report

Alberta cities lack tech talent of other major North American marketsAs Calgary and Edmonton try to establish a significant tech industry in Alberta, a report released on Thursday by commercial real estate firm CBRE indicates just how far behind Alberta is when it comes to tech talent. Neither Alberta city made it to the top 50 list in North America for tech talent. But both…

Albertans’ retirement income expectations highest in country

RBC poll says many Canadian baby boomers worry about a retirement savings shortfall

Albertans’ retirement income expectations highest in countryMany Canadian baby boomers worry about a retirement savings shortfall and Albertans have the highest expectations for how much they think they’ll need to save for retirement, according to a report released on Thursday by RBC. In a poll, Albertans surveyed said they think they will have to save $1.1 million for their retirement. The…

Alberta EI beneficiaries continue to decline

In Canada, 441,310 people received regular benefits in May, up by 2,020 from the previous month but down 19,630 from a year ago

Alberta EI beneficiaries continue to declineThe number of people receiving regular Employment Insurance benefits continues to fall in Alberta. Statistics Canada reported on Thursday that there were 49,090 regular EI beneficiaries in the province in May, down 1,920 from April and a decrease of 4,120 from a year ago. “The decline was similar to the one observed in April. In…

Canada not reaching full potential for crude oil production

An ongoing lack of pipeline capacity has restricted the growth of Canadian crude production: ATB

Canada not reaching full potential for crude oil productionUnlike in the U.S., Canada has not been able to reach its full potential when it comes to crude oil production, says ATB Financial’s economics and research team. In its daily economic update The Owl, the financial institution said the U.S. shale oil revolution made possible by horizontal drilling and hydraulic fracturing pushed U.S. field…

Greenhouse gas emissions on the decline in Canada’s electricity sector

Electricity sector is playing in reducing Canada’s greenhouse gas emissions

Greenhouse gas emissions on the decline in Canada’s electricity sectorGreenhouse gas emissions (GHG) in Canada’s electricity sector have declined by 34 per cent since 2005 and further reductions are expected, says the Conference Board of Canada in a new report released on Tuesday. “Canada-wide, the electricity sector is undergoing fundamental transformation. In each province, electricity generators are playing a leadership role in the move…

Calgary’s Global Petroleum Show to include large rally

The 51st year of North America’s leading energy event takes place June 11 to 13 at Stampede Park

Calgary’s Global Petroleum Show to include large rallyThe Global Petroleum Show, which takes place next week in Calgary, will be the setting for what is being billed as the “Largest Oil & Gas Rally in Canadian History.” The rally, in partnership with Canada Action, will take place on Tuesday, June 11, at noon in the outdoor exhibit area near the Big Four…

Oil sands production to near four million barrels a day by 2030

IHS Markit report projects slower pace of investment and growth in Canadian projects

Oil sands production to near four million barrels a day by 2030Canadian oil sands productions is expected to reach nearly four million barrels a day by 2030, or almost one million barrels more than today, according to a new 10-year production forecast by IHS Markit. But the business information provider also says production is set to enter a period of slower annual growth. “Large-scale oil sands…

Canmore leads recreational property price rises in Alberta

Royal LePage report says recreational property in Canada saw healthy price gains leading up to the 2019 spring market

Canmore leads recreational property price rises in AlbertaDriven by price gains in Canmore, the largest reporting region in Alberta, the aggregate price of a single-family home in recreational regions rose 10.2 per cent to $819,583, according to a report real estate firm Royal LePage. The report said the aggregate price in the province is expected to increase 2.4 per cent in 2020.…

Alberta has highest median monetary fraud rate: MNP report

Study of over 200 criminal convictions gleans critical insights about how Canadian organizations can reduce fraud

Alberta has highest median monetary fraud rate: MNP reportThe first national study of its kind, Fraud Aware 2019: National Study on Reported Fraud Cases in Canada, has found that the most convictions and the largest reported losses due to fraud were seen in Ontario, Quebec, Alberta and British Columbia. Business advisory and accounting firm MNP LLP released the results of the study on…

Production in all primary energy sectors rises

And StatsCan says exports of crude oil and equivalent products increased in March

Production in all primary energy sectors risesProduction in all primary energy sectors rose in March compared with a year ago, according to data released Wednesday by Statistics Canada. And over the same period, exports of crude oil and equivalent products increased, while exports of natural gas and electricity decreased. The federal agency said production of crude oil and equivalent products rose…

The Senate should do its job and respect the nation’s regions

Bill C-48 is the kind of extraordinary circumstance that requires the Senate fulfil its role as a regional counterbalance to the House

The Senate should do its job and respect the nation’s regionsThe Senate’s fundamental job is to review legislation while respecting its regions. In that sense, it is a unique part of Canadian Parliament. The Senate is a built-in safety valve to protect regional interests against the majoritarian impulses of the elected chamber. It ensures that all parts of this diverse country have a meaningful voice…

Alberta economic roller-coaster weighs on Canada’s bottom line

Bank of Canada deputy governor tells Calgary Chamber that housing slowdown, U.S.-China trade war are also big factors

Alberta economic roller-coaster weighs on Canada’s bottom lineAlberta and other energy-intensive regions have been on an economic roller-coaster over the past few years, leading to painful adjustments for many. It’s also weighed on Canada’s bottom line, Carolyn Wilkins, senior deputy governor of the Bank of Canada told a Calgary Chamber luncheon on Thursday. She said Canada’s economic performance has been relatively solid…

Brad Wall sees a bright future for Western Canada

In the conclusion of an exclusive two-part interview, the former Saskatchewan premier talks about how changing political winds will drive the economy

Brad Wall sees a bright future for Western CanadaFormer Saskatchewan premier Brad Wall recently joined Calgary-based Avenue Living Asset Management as a special business adviser, as well as a trustee to the Avenue Living Real Estate Core Trust. The company has more than $1.3 billion in assets with more than 8,500 residential units across Western Canada. Calgary's Business has a two-part question and…

Income grew fastest in provinces with large oil and gas deposits

StatsCan study over 66 years provides insight into which provinces experienced the most growth over three generations

Income grew fastest in provinces with large oil and gas depositsData released Thursday by Statistics Canada may be a couple of years old but it illustrates the importance of the oil and gas sector to the economies of several provinces. “According to a new study, from 1950 to 2016, real gross domestic income (GDI) per capita grew fastest in provinces with large oil and gas…

Pipeline shortage cost Canada’s energy sector $20.6 billion in 2018

That means less investment, less job creation and ultimately less prosperity for Canadians

Pipeline shortage cost Canada’s energy sector $20.6 billion in 2018By Elmira Aliakbari and Ashley Stedman The Fraser Institute With pipeline shortages driving down the price of Canadian oil, the losses for the energy sector – and for Canada’s economy – are staggering. According to a new study, insufficient pipeline capacity cost Canada’s energy sector $20.6 billion – or one per cent of the country’s…
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