CNRL budget up by $250M with curtailment ease

Budget increase adds 60 drilling locations across Alberta and three more working drilling rigs, creating about 1,000 full-time jobs

CNRL budget up by $250M with curtailment easeCalgary-based energy giant Canadian Natural Resources Limited is increasing its capital expenditure to $4.05 billion in 2020, the company announced on Wednesday. With the Alberta government's recent announcement of the elimination of curtailment for some conventional drilling in Alberta, and its previously announced reduction in income tax rates, CNRL increased its 2020 capital budget by…

Canadians thinking green for holiday shopping

And fewer consumers plan to shop on Black Friday and Boxing Day this year, according to Accenture survey

Canadians thinking green for holiday shoppingEnvironmentally friendly products will account for about one-third of Canadians’ spending this holiday season, according to the eighth annual Holiday Shopping Survey from Accenture. But they will be spending a little less money this year on average. “With increased awareness about the climate crisis, it’s no surprise that responsible retail matters now more than ever,…

Alberta retail sector slips in September

And across the country, retail sales decreased for the first time in three months

Alberta retail sector slips in SeptemberIt appears the struggling economy in Alberta is taking a toll on the province’s retail sector. Statistics Canada reported on Friday that retail sales in the province in September dipped to $6.7 billion, representing a decline of 1.6 per cent from August and down 2.7 per cent from a year ago. In Canada, retail sales…

Alberta building being given away by owners

A 9,000-square-foot commercial building on 1.5 acres in Glendon is part of the Dream Big promotion

Alberta building being given away by ownersTwo Northern Alberta business owners have launched a campaign to “give away” a 9,000-square-foot commercial building on 1.5 acres right in the heart of Alberta’s Lakeland Region. Glendon business owners Julie and Shane Kissell are inviting Canadians to dream big by submitting their big business idea along with a $250 application fee for a shot…

Number of Albertans receiving EI continues to fall

September decreases were widespread across the province, including in the Calgary and Edmonton areas

Number of Albertans receiving EI continues to fallThe number of people in Alberta receiving regular Employment Insurance benefits continues to fall. Statistics Canada reported on Thursday that 45,900 people in the province received regular EI benefits in September, a decrease of 6.2 per cent from the previous month, “continuing a downward trend that started at the beginning of 2019.” “In September, decreases…

Business sentiment still cool: Conference Board of Canada

Business confidence has been in a prolonged slump that shows no signs of clearing, survey suggests

Business sentiment still cool: Conference Board of CanadaBusiness sentiment in Canada remains in its long slump, according to a report by the Conference Board of Canada. The results of board’s latest survey of business leaders show that businesses remain deeply pessimistic about the economy. The Index of Business Confidence fell by 1.5 points to 86.0 in the third quarter of 2019. The…

Alberta new vehicle sales sluggish

Sales have been falling every month since August 2018: ATB

Alberta new vehicle sales sluggishA slow economy continues to dampen the number of new vehicles being sold in Alberta, according to ATB Financial’s Economics and Research Team. In its daily economic update The Owl, the financial institution said the seasonally adjusted number of new vehicles purchased in Alberta was down by 6.1 per cent in September compared to a…

Alberta job vacancy rate one of the lowest in Canada

Unfilled positions add up overtime, bringing down firms' productivity levels and ultimately their ability to be profitable and to grow: CFIB

Alberta job vacancy rate one of the lowest in CanadaAlberta’s private sector job vacancy rate has stabilized at 2.2 per cent as the province had 35,300 unfilled jobs in the third quarter of this year, according to a report released on Thursday by the Canadian Federation of Independent Business.  In the latest Help Wanted report, Alberta had the second lowest job vacancy rate in…

Square eases card payment challenges for small business

Square eases card payment challenges for small businessKarisa Marra is a business expert at Square. She works with businesses of all sizes and types across Canada: from coffee shops to landscapers to restaurants. In her role, Karisa partners with business owners to help them overcome their challenges in running and growing their business. What is Square and what does it do? Marra:…

AB October consumer price rose faster than country avg.

The Consumer Price Index in the province rose by 0.5 per cent from September to October while Canada overall saw a hike of 0.3 per cent

AB October consumer price rose faster than country avg.Consumer prices in Alberta rose faster than the Canadian average in October, according to Statistics Canada. The federal agency reported on Wednesday that the Consumer Price Index in the province rose by 0.5 per cent from September to October while Canada overall saw a hike of 0.3 per cent. On a year-over-year basis, prices in…

Alberta’s new small industry panel will tackle red tape

Small businesses bear the brunt of unnecessary red tape, yet they account for two out of every three new jobs created in Alberta, government says

Alberta’s new small industry panel will tackle red tapeThe Alberta government is launching a small business industry panel to identify red tape that is holding back these jobs creators. “Small businesses disproportionately bear the cost of unnecessary red tape. They account for two out of every three new jobs created in Alberta. If we can get out of the way of these job…

Lowe’s Canada closing 34 stores – 6 in Alberta

The six stores in Alberta that will close early in the new year are mostly former Rona outlets that Lowes says are underperforming

Lowe’s Canada closing 34 stores – 6 in AlbertaLowe’s Canada is closing 34 of its what it call “underperforming” stores across Canada including six in Alberta. "While making decisions that impact our associates and their families is never easy, closing underperforming stores is a necessary step in our plan to ensure the long-term stability and growth of our Canadian business," said Tony Cioffi,…

ATB Financial backs crowdfunding initiative for women entrepreneurs

ATB Financial backs crowdfunding initiative for women entrepreneurs

ATB Financial backs crowdfunding initiative for women entrepreneursWomen entrepreneurs in Alberta are getting a boost from ATB Financial, which has announced its second annual Build Her Business crowdfunding initiative. "ATB is proud to support women entrepreneurs and encourage the growth of small businesses which are at the heart of our provincial economy," said Curtis Stange, president and CEO of ATB Financial, in a…

Thursday MRU roundtable aims to boost small business growth

Alberta business leaders are coming together this week to unpack Alberta’s “scale-up gap”

Thursday MRU roundtable aims to boost small business growthAlberta business leaders are coming together this week to unpack Alberta’s “scale-up gap,” devise new ways to generate jobs and drive economic growth. Officials of Mount Royal University’s Institute for Innovation and Entrepreneurship 2019 Small Business Growth Roundtable on Thursday say that while half of Alberta startups survive for more than five years, only 0.1…

$30 billion may be trapped in oil and gas balance sheets

Low oil prices, pressure to decarbonize and increasing geopolitical have dominated oil and gas tensions

$30 billion may be trapped in oil and gas balance sheetsAs much as $30 billion of cash is untapped by Canadian oil and gas companies and an overall $230 billion in North America, according to an industry report. “The Canadian oil and gas industry has been dominated by challenges such as low oil prices, pressure to decarbonize and increasing geopolitical tensions for the last five…

Female entrepreneurs growing 3x faster in Canada

39 per cent of all entrepreneurs that started businesses in 2018 were women

Female entrepreneurs growing 3x faster in CanadaThe number of female entrepreneurs in Canada has grown more than three times faster than the number of male entrepreneurs since 1976, according to a study released Tuesday by BDC (Business Development Bank of Canada). The study also said that 39 per cent of all entrepreneurs who started businesses in 2018 were women, and they…

Alberta, Saskatchewan lag in energy efficiency ratings

The scorecard is part of a Canada-wide database on energy efficiency policy, compiled by Efficiency Canada

Alberta, Saskatchewan lag in energy efficiency ratingsBritish Columbia nabbed first place in Canada's first-ever Provincial Energy Efficiency Scorecard, released Tuesday. Alberta ranked sixth and Saskatchewan was ninth.  The scorecard is part of a Canada-wide database on energy efficiency policy, compiled by the Carleton University-based energy efficiency advocacy organization Efficiency Canada. "Imagine thinking of all that energy waste from our homes, businesses…

Home prices in Alberta off 3.1% since 2015

The average price of a new home in Alberta was down by 1.7 per cent in September compared to a year earlier.

Home prices in Alberta off 3.1% since 2015Persistent uncertainty in the Alberta economy continues to impact the homebuilding industry. The good news for consumers is that prices of new homes are falling. Not so good news, though, for homebuilders as they struggle with a lower demand environment. According to Statistics Canada data, the average price of a new home in Alberta was…

Business, personal insolvencies on the rise in Alberta

Across the country, the number of businesses that failed in the past 12 months was up 4.1% from a year earlier

Business, personal insolvencies on the rise in AlbertaThe slowing Canadian economy has resulted in the first year-to-year increase in business insolvencies in almost two decades, according to data released by the Office of the Superintendent of Bankruptcy (OSB). In a news release, Canadian Association of Insolvency and Restructuring Professionals (CAIRP), said business filings have increased by 9.9 per cent from a year…

Canadians increasingly embrace Black Friday

Study clearly shows consumers continue to enjoy shopping in physical stores: Retail Council of Canada

Canadians increasingly embrace Black FridayIt may be tied to an American holiday but increasingly Canadian consumers are doing their shopping on Black Friday. According to the Retail Council of Canada's (RCC) second annual Holiday Shopping Survey, which was released on Tuesday, 43 per cent of Canadian consumers plan to open their wallets on Black Friday, Nov. 29, the day…

Real Estate Council of Alberta faces overhaul

New administrator appointed, further changes coming, according to government

Real Estate Council of Alberta faces overhaulThe Alberta government has appointed Duane Monea to oversee the functions of the Real Estate Council of Alberta and ensure continuation of regular operations while the government works to develop a new model for the regulator. Bill 15: The Real Estate Amendment Act 2019 was passed recently to address concerns about the performance of RECA…

ASC launches campaign for Financial Literacy Month

‘Albertans can better manage their personal finances and protect themselves from unsuitable investments and scams’

ASC launches campaign for Financial Literacy MonthWith Financial Literacy Month underway, the Alberta Securities Commission has launched a campaign encouraging people to gain more financial knowledge. “Building financial literacy is a critical step for Albertans to take in making informed and effective investment decisions,” says Alison Trollope, director of communications and investor education at Alberta Securities Commission. “Our goal is to…

New Alberta oil wells don’t face restrictions

Government says move will drive investment, lead to increased drilling activity and support economic growth

New Alberta oil wells don’t face restrictionsThe Alberta government is allowing new conventional oil wells without restrictions on production, but existing producing wells will remain under curtailment. The government says the measure will drive positive investment, lead to increased drilling activity and support economic growth in communities across Alberta. “Companies are currently making investment decisions and we want those dollars and…

Unearthing the roots of gender inequality in the workplace

Tanya van Biesen of Catalyst talks about how gender diverse teams drive better business results and how we can bring about workplace equality

Unearthing the roots of gender inequality in the workplaceTanya van Biesen is executive director, Canada, of Catalyst. What is Catalyst Canada and what does it do? Tanya: Catalyst is the leading non-profit focused on building workplaces that work for women through inclusion. Since 2000, Catalyst has worked in Canada to address the unique experiences of Canadian working women, through research, education and engagement.…

Fashion retailer Forever 21 closing its Canadian stores

The chain has 44 stores in Alberta, British Columbia, Manitoba, Ontario, Quebec and Nova Scotia and employs approximately 2,000 people

Fashion retailer Forever 21 closing its Canadian storesFashion retailer Forever 21 says it plans to close its 44 stores in Canada. The company announced in a news release that Forever 21 Canada filed for and was granted protection under the Companies’ Creditors Arrangement Act by the Ontario Superior Court of Justice (Commercial List) in Toronto. PricewaterhouseCoopers Inc. was appointed as monitor in…

Job vacancies on the rise in Canada

Increased in six of the 10 largest industrial sectors

Job vacancies on the rise in CanadaBoth the number of unfilled jobs – job vacancies – and the job vacancy rate increased in the second quarter across Canada, according to Statistics Canada. The federal agency reported Friday that the number of job vacancies was up in four provinces and two territories, with Quebec accounting for nearly 70 per cent of the…

Immigrant earnings gap costs economy $50 billion

While Canada draws some of the best and brightest, our success in integrating those newcomers into the labour force falls short: RBC

Immigrant earnings gap costs economy $50 billionFailing to address the earnings gap among immigrants may be costing Canada $50 billion, or 2.5 per cent of gross domestic product, according to a new report by RBC Economics. The Untapped Potential report says the immigrant wage gap isn’t just a problem for immigrants.  “It has a broader economic impact, in terms of not…

Canadian oil and gas extraction industry suffers net loss in 2018

Total expenses were $137.4 billion (up 25.6 per cent), resulting in a net loss of $13.9 billion, says Statistics Canada

Canadian oil and gas extraction industry suffers net loss in 2018Total revenue for the Canadian oil and gas extraction industry rose 4.9 per cent to $123.5 billion in 2018, following a 35.5 per cent increase in 2017, but total expenses were $137.4 billion (up 25.6 per cent), resulting in a net loss of $13.9 billion, says Statistics Canada in a report released Wednesday. “Total operating…

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…
1 2 3 12