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…

Cenovus reaches one billion barrels of oil sands production

Company says its two facilities have created thousands of jobs and contributed over $25 billion in capital spending to the Canadian economy

Cenovus reaches one billion barrels of oil sands productionCalgary-based Cenovus says it has reached a significant milestone with one billion barrels of cumulative production from its Foster Creek and Christina Lake oil sands facilities in northern Alberta. It said it’s the first company to produce one billion barrels of oil using steam-assisted gravity drainage (SAGD) technology. “This incredible achievement for Cenovus represents over…

Dickinson’s venture firm to back five innovative companies

Company is investing $750,000 in companies in Alberta, Saskatchewan and Ontario.

Dickinson’s venture firm to back five innovative companiesCalgary-based District Ventures Capital, which is led by entrepreneur Arlene Dickinson, announced Friday it is investing $750,000 in five innovative companies in Alberta, Saskatchewan and Ontario.  The companies, in the consumer goods food and health space, were selected from 100 applicants from across Canada. It said the companies were chosen based on their product, sales…

Trans Mountain expansion approval embraced by oil patch

Construction expected to begin this year but analysts warn that it will take years to complete and open new markets

Trans Mountain expansion approval embraced by oil patchThe federal government’s approval on Tuesday of the multibillion-dollar Trans Mountain pipeline expansion project is being called a step in the right direction for Alberta’s economy. The Canadian Association of Petroleum Producers said the approval paves the way for Canada to start competing on the world stage. In a statement, CAPP said the approval “means…

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…

Further Trans Mountain delay says Canada closed for business: CAPP

If the project is not approved for summer construction, the federal government will hinder employment, innovation and technology development

Any further delays on the Trans Mountain Expansion Project will signal that Canada is closed for business, says the Canadian Association of Petroleum Producers in a statement issued on Monday in advance of the government of Canada's expected announcement on the project on Tuesday. The statement read: “The Trans Mountain expansion project must be approved…

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…

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.…
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