Shaw Communications reports $155M net income in Q2

Shaw Communications reports $155M net income in Q2Calgary-based Shaw Communications reported Tuesday net income of $155 million for its second quarter of operations in its fiscal year 2019 compared with a net loss of $175 million a year ago. The company’s quarter ended February 28, 2019. It said consolidated revenue decreased by one per cent to $1.32 billion compared to the second…

Alberta building permit values drop in February

Follows national trend that shows declines in residential and non-residential activity

Alberta building permit values drop in FebruaryCompared to a year ago, the value of building permits in both the Calgary and Edmonton regions are down. Statistics Canada reported on Tuesday that building permits in February in the Calgary census metropolitan were at $384.5 million, down by 27.3 per cent from last year. Month over month, the value fell by 5.3 per…

Kidoodle offers safe alternatives for family viewing

President Neil Gruninger wants to create a YouTube alternative for families, content producers and family brands

Kidoodle offers safe alternatives for family viewingNeil Gruninger is president and chief product officer of Kidoodle TV. What is Kidoodle TV? Gruninger: Kidoodle.TV is a Safe Streaming video service for children that delivers thousands of hours of vetted children's programs to Internet-connected devices, such as smartphones, tablets, smart TVs, personal computers, Roku, Apple TV and many others. How, when and why…

Alberta restaurants facing “death of a thousand cuts”

Alberta restaurants facing “death of a thousand cuts”Alberta’s foodservice industry recently reported record sales in 2018, but Restaurants Canada warns that people should not be fooled by that. In fact, it said, adjusted for menu inflation, year-over-year sales have been declining for the average restaurant since 2015. “This has troubling implications for communities across Alberta,” said Mark von Schellwitz, Restaurants Canada Vice…

Why social media is a marketing natural

Elle Campbell of Elle Connects talks about connecting with your target audience where they’re already hanging out

Why social media is a marketing naturalElle Campbell is a marketer, social media strategist, brand storyteller, and owner and chief operator of Elle Connects. Tell me a little about your background and what you do now? Campbell: With my content marketing business Elle Connects, I help brands and businesses tell their brand story and connect with their customers through content creation…

Natural resources GDP declines in fourth quarter of 2018

Energy prices recorded their largest decline since the first quarter of 2016, following four consecutive quarterly increases

Natural resources GDP declines in fourth quarter of 2018Real gross domestic product of the natural resources sector decreased by 0.4 per cent in the fourth quarter, following a 0.8 per cent increase in the third quarter, according to a report released on Tuesday by Statistics Canada. The federal agency said real GDP in the energy subsector declined 0.3 per cent in the fourth…

ENMAX buying Emera Maine asset for $1.8 billion

The acquisition an opportunity for ENMAX "to grow our regulated utility business and enhance our connections with customers"

ENMAX buying Emera Maine asset for $1.8 billionCalgary-based ENMAX Corporation is buying Emera Maine, a regulated electric transmission and distribution company in Maine, for close to $2 billion from Halifax-based Emera.  In a news release, it was noted that the sale would be $1.286 billion and including the assumed debt, aggregate enterprise value is forecasted to be approximately $1.8 billion on closing.…

TransAlta gets $750 million to transition to clean energy

Investment from Brookfield Renewable Partners to help with coal-to-gas strategy

TransAlta gets $750 million to transition to clean energyBrookfield Renewable Partners is investing $750 million to advance Calgary-based TransAlta Corp.’s transition to 100 per cent clean energy by 2025, it was announced on Monday. “Brookfield's investment is a strong endorsement of TransAlta's strategy and future value,” said Dawn Farrell, president and chief executive officer of TransAlta, in a statement. “By crystallizing the value…

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…
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