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…

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…

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…

Square eases card payment challenges for small business

Square eases card payment challenges for small businessKarisa Marra is a business expert at Square. She works with businesses of all sizes and types across Canada: from coffee shops to landscapers to restaurants. In her role, Karisa partners with business owners to help them overcome their challenges in running and growing their business. What is Square and what does it do? Marra:…

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…
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