Video: Recent court ruling limits Airbnbs in condos

Erin Berney, a lawyer with Field Law, discusses implications of the recent ruling for condo boards and owners

A recent court ruling puts a temporary ban on the ability of condo owners to use their units as rentals on  the tourism site, Airbnb. Erin Berney, a lawyer with Field Law, explains the ruling and discusses what it might mean for the rights of both condominium boards and condo owners. If you own a…

October retail sales in Alberta end two-year slide

An increase of 0.4 per cent came after retail sales in the province had fallen below levels last reported in August 2017

October retail sales in Alberta end two-year slideRetail sales in Alberta reached $6.7 billion in October, up 0.4 per cent from the previous month, according to a report released Friday by Statistics Canada. The federal agency said the increase came after retail sales in the province had fallen below levels last reported in August 2017. “Despite the gain, the level of retail…

Alberta’s inflation rate below Canadian average

The traveller accommodation index trended downward in November, falling 4.2 per cent year over year

Alberta’s inflation rate below Canadian averageThe cost of living in Alberta rose in November at a rate slightly below the Canadian average, Statistics Canada reported Wednesday. The federal agency said the Consumer Price Index in the province was up 2.1 per cent on a year-over-year basis while in Canada it rose by 2.2 per cent. Both those numbers are up…

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…

Suncor capital plans for 2020 set at $5.4-$6 billion

Upstream production is expected to reach 800,000 to 840,000 barrels of oil equivalent per day, an increase of about five per cent

Suncor capital plans for 2020 set at $5.4-$6 billionCalgary-based Suncor Energy says its capital investment program to be $5.4 to $6 billion in 2020 with upstream production expected to be between 800,000 to 840,000 barrels of oil equivalent per day (boe/d), an increase of about five per cent production. “During 2019, we've demonstrated the value of our asset integration and flexibility through our…

Small business confidence in Alberta declines in November

Business confidence is the second lowest in the country and well behind the national average of 56.1 per cent

Small business confidence in Alberta declines in NovemberAlberta’s entrepreneurs have the fall blues. The monthly Business Barometer by the Canadian Federation of Independent Business showed small business confidence tumbled in November. The index fell 8.9 points from the previous month to 44.7. It's the second lowest in the country and well behind the national average of 56.1 per cent. The CFIB says an…

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…

FCL shutting down Calgary centre, more than 200 jobs lost

The move comes as a result of Calgary Co-op’s recent decision to source its groceries from Save-on-Foods

FCL shutting down Calgary centre, more than 200 jobs lostFederated Co-operatives Ltd. is eliminating more than 200 jobs in Calgary this spring as it shuts down its Calgary Food Distribution Centre effective April 2020. In a news release on Thursday, FCL said the move comes as a result of Calgary Co-op’s recent decision to source its groceries from Save-on-Foods. “We're deeply saddened by this…

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…

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 Council aims to reignite economy

The Conference Board of Canada forecasts that the province’s economy will once again fall into negative territory this year

Business Council aims to reignite economyThe Business Council of Alberta has come up with 10 ideas it says will ignite the Alberta economy, which has been floundering since oil prices collapsed in the latter half of 2014. The Conference Board of Canada has recently forecast that the province’s economy will once again fall into negative territory this year. The council…

Texas handily beats Alberta for energy investment: report

Eighty per cent of survey respondents cited uncertain environmental regulations as a deterrent to investing in Alberta

Texas handily beats Alberta for energy investment: reportTexas is more than two times as attractive as Alberta for oil and gas investment, according to a survey of petroleum-sector executives released on Thursday by the public policy think-tank the Fraser Institute. In a ranking of 20 North American jurisdictions, which included 15 U.S. states and five Canadian provinces, Texas came out on top…

Oil drilling industry pressures Ottawa

Industry blames ‘punitive’ federal policies and regulations for its struggles

Oil drilling industry pressures OttawaFollowing the federal election in October, the sentiment toward Canadian oil and gas is nearing all-time lows, says a report by the Canadian Association of Oilwell Drilling Contractors. The association says that since 2017 the industry has lost an estimated $30 billion in foreign capital, and companies continue layoffs and relocation efforts. It says its…

Small businesses vital to Canadian communities: poll

CFIB urges government to make policy changes that support entrepreneurs

Small businesses vital to Canadian communities: pollMore than nine in 10 Canadians say that small businesses are vital to their communities, according to a public opinion poll released on Wednesday by the Canadian Federation of Independent Business (CFIB).  “Canadians value entrepreneurs and the contributions they make to their communities. One in two are even considering starting a business one day,” said…

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…

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…
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