Alberta government eases oil production curtailment

The province introduced mandatory production cuts to reduce the inventory and improve the price of oil

Alberta government eases oil production curtailmentThe Alberta government is increasing the amount of oil production allowed by the province’s producers. It said production limits in May will increase by 25,000 barrels a day and 25,000 more in June – a 50,000 increase in total to 3.71 million barrels per day allowed, effective June 1. This represents a total increase of…

Imperial slams Alberta government intervention in oil industry

Slows development of its Aspen oil sands project

Imperial slams Alberta government intervention in oil industryCalgary-based energy giant Imperial announced Friday it has slowed the pace of development of its Aspen in situ oil sands project given market uncertainty stemming from Alberta government intervention and other industry competitiveness challenges. “This was a difficult choice in light of our final investment decision on Aspen announced last November,” said Rich Kruger, chairman,…

Alberta manufacturing sales rebound in January to $6.2 billion

Largely driven by the food industry. Sales were also up in the wood product, fabricated metal product and electrical equipment

Alberta manufacturing sales rebound in January to $6.2 billionManufacturing sales in Alberta rose in January by 2.5 per cent to $6.2 billion, following two consecutive monthly declines, according to Statistics Canada data released on Friday. “Sales were up in 12 of 21 industries, largely driven by a 13.8 per cent increase in the food industry. Sales were also up in the wood product,…

Program spending key to balancing Alberta budget: Fraser Institute

Report says tax reform to regain the province’s former advantage across North America should be a priority

Program spending key to balancing Alberta budget: Fraser InstituteProgram spending cuts of 10.9 per cent over the next three years would balance the Alberta budget by 2021-2022, says a report released on Thursday by the Fraser Institute, a public policy think-tank. The cuts would be significant but the organization said it is substantially smaller than the reductions implemented by the government of Ralph…

Calgary secures rights to host ESPN’s X Games

Expected to bring $75 million in annual economic activity and draw 75,000 spectators, 10,000 from out of town

Calgary secures rights to host ESPN’s X GamesCalgary has secured the exclusive Canadian rights to host X Games for a minimum three-year run. They are being developed by Manifesto Sport Management, a Calgary based sport marketing and management company, and Insight Productions, a Canadian broadcast production company that has produced the Juno Awards and the Amazing Race Canada. Tourism Calgary said it…

Westleaf plans cannabis store in Banff

Retail location could be open by third quarter using the Prairie Records concept

Westleaf plans cannabis store in BanffCannabis company Westleaf Inc. says it has received development permit approval from the Town of Banff for a flagship retail location on Caribou Street just off famed Banff Avenue. The Calgary-based company said it will be developed as a flagship in the Prairie Records brand of cannabis stores. The store will be in the basement…

Calgary event offers antidote to economic chaos unfolding in Alberta

March 16 event will provide solutions to preserve your nest egg through the next crisis

Calgary event offers antidote to economic chaos unfolding in AlbertaAlberta is in an economic crisis with important decisions facing the province in 2019. To better prepare Albertans for what’s lying ahead, Integrated Wealth Management is bringing together investment, economic and political experts in the Alberta Crossroads 2019 event. These experts will focus on Alberta’s economic crisis and provide solutions for people. The event is…

Taking the Alberta look around the globe

Kelly Streit talks about why Mode Models International has caught the attention of the fashion world

Taking the Alberta look around the globeKelly Streit is founder, president and CEO of Mode Models International. Tell me about the history of Mode Models and why you founded it? Streit: I have always loved fashion; even in high school. I would scour the magazines and had a huge wall of tearsheets in my room of images that I loved and…

Global technology leader Cisco investing $15 million in Western Canada

Funding and testing innovations in areas such as the oil and gas sector, health-care digitization and environmental protection

Global technology leader Cisco investing $15 million in Western CanadaGlobal technology leader Cisco is investing $15 million to enhance its Western Canadian presence. “Getting the most out of the digital world of tomorrow means investing and preparing for it today,” said Rola Dagher, president of Cisco Canada, in making the announcement on Wednesday in Calgary. “The commitments announced today build on our strong track…

Another frustrating year shaping up for Alberta drilling

The potential for growth in Alberta's energy sector is limited, at least until prices move higher and the lack of pipeline capacity is addressed

Another frustrating year shaping up for Alberta drillingThe latest active drilling rig numbers suggest Alberta’s energy industry could experience yet another frustrating year, says ATB Financial’s Economics & Research Team. Citing data released by the Canadian Association of Oilwell Drilling Contractors, ATB said the average number of rigs over the past 12 months is about seven per cent lower than the previous…

Former U.S. President concedes energy transition will be “disruptive”

But, Barack Obama told a Calgary audience, "we can figure it out"

Former U.S. President concedes energy transition will be “disruptive”Former U.S. President Barack Obama told a Calgary audience Tuesday that the oil and gas industry has "powered" the industrial revolution, Canada's economy, the U.S. economy and the world. "And it has been an extraordinary run" and the cheapest means of powering "all the things that we do," said Obama. But he said it was…

Giving Alberta energy workers their own banking option

Adam Battistessa of SPARK talks about how the credit union can make a difference to workers and to the broader community

Giving Alberta energy workers their own banking optionAdam Battistessa is chair of SPARK The Energy Credit Union. What is SPARK and how does it operate? Battistessa: SPARK The Energy Credit Union is an Alberta-based credit union that is exclusively dedicated to providing financial services to Alberta’s energy industry workers, contractors and their families. Our credit union has been around for over 65 years…

Alberta deficit stands at $6.9B, $1.9B lower than forecasted

But the president of the Calgary Chamber expressed concern about a lack of broad-based government strategies to spur business

Alberta deficit stands at $6.9B, $1.9B lower than forecastedThe Alberta government said on Wednesday that the province's deficit remains well below projections with the third-quarter forecast coming in at $6.9 billion, a drop of $1.9 billion below the 2018 budget forecast. “The deficit is down and the path to balance is on track. Alberta has the strongest balance sheet in the country and…

Calgary Chamber joins business groups calling for changes to Bill C-69

Our regulatory system must be based on science, not politics: Sandip Lalli, president and CEO of the Chamber

Calgary Chamber joins business groups calling for changes to Bill C-69The Calgary Chamber has joined business groups across the country calling on the federal government to amend Bill C-69, which they say will put a chill on investment for the natural resource economy. “Our regulatory system must be based on science, not politics,” said Sandip Lalli, president and CEO of the Chamber, in a news…

Calgary entrepreneur breaks glass ceiling in male-dominated auto glass industry

Diamond Glass owner diversifying her holdings outside successful Samosa Factory operation

Calgary entrepreneur breaks glass ceiling in male-dominated auto glass industryCalgary entrepreneur Paven Nijjar is on a mission to let people know that the auto glass industry is not only for men. And the successful small business owner of Diamond Glass is proving that by her determination to grow her company in the marketplace. Nijjar is no stranger to business success – she has also…
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