Toronto ranked third, Vancouver 12th, Montreal 13th and Ottawa 19th in top-50 list: CBRE report
As 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…
RBC poll says many Canadian baby boomers worry about a retirement savings shortfall
Many 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…
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
The 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…
An ongoing lack of pipeline capacity has restricted the growth of Canadian crude production: ATB
Unlike 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…
Electricity sector is playing in reducing Canada’s greenhouse gas emissions
Greenhouse 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…
The 51st year of North America’s leading energy event takes place June 11 to 13 at Stampede Park
The 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…
IHS Markit report projects slower pace of investment and growth in Canadian projects
Canadian 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…
Royal LePage report says recreational property in Canada saw healthy price gains leading up to the 2019 spring market
Driven 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.…
Study of over 200 criminal convictions gleans critical insights about how Canadian organizations can reduce fraud
The 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…
And StatsCan says exports of crude oil and equivalent products increased in March
Production 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…