Nationally, 442,600 people received regular EI benefits in June, down 180 from the previous month and by 21,280 from last year
The number of Employment Insurance beneficiaries in Alberta declined in June for the fourth consecutive month, down 2.8 per cent to 47,700, according to data released on Thursday by Statistics Canada. “There were decreases in the CMAs (census metropolitan areas) of Edmonton (-5.0 per cent) and Calgary (-1.7 per cent), as well as in the…
Alberta will experience a mild recession this year, according to a new report by the Conference Board of Canada. It will mark the third year in the past five years that the province has seen an economic contraction. Both 2015 and 2016 were down years following the collapse of oil prices in the latter half…
Consumer prices in Alberta rose at a much slower pace year over year than the Canadian average, according to a report released on Wednesday by Statistics Canada. The federal agency said the annual inflation rate in the province in July was 1.3 per cent, while it was 2 per cent for all of Canada. “In…
The Alberta government is extending by a year a program imposing production caps on oil companies as delays continue for new pipelines in Canada. Because of continuing pipeline delays, including Enbridge Line 3, these changes provide a way to work with affected producers to manage production through 2020, as required, says the government in a…
Overall consumer credit balances continued to grow in the second quarter – up to $1.88 trillion
Cash-strapped Canadians may be treating their homes like ATMS to pay off their bills, says a study by MNP Ltd. In a news release on Tuesday, the largest insolvency firm in Canada said three in 10 Canadian homeowners with a home equity line of credit (HELOC) say they have used the funds borrowed to pay…
But Scotiabank report says total borrowing by individuals rose by 3.7% month over month
Canadian household credit growth decelerated in June as the slowing pace of mortgage expansion more than offset an acceleration in consumer credit, according to a new report by Scotiabank Economics. Home equity line of credit loans (HELOCs) remained flat in June, remaining on a weaker trajectory following strong increases through 2017 and 2018, it said.…
Have you ever met someone who appears comfortable in front of a crowd of people delivering a speech, making a presentation, cracking jokes or performance acting? Wouldn’t you like to be like them? Now imagine how you would react if you were told that part of your job would include giving presentations and talks? It…
Blair Stevens talks about vision behind The Chopped Leaf and why the quick-service restaurant brand is quickly gaining followers
Blair Stevens is founder and brand president for The Chopped Leaf. What is The Chopped Leaf and how is it different in the market? Stevens: The Chopped Leaf is a national quick-service restaurant (QSR) brand that serves a premium product dedicated to quality, freshness, and originality! We do our mighty best to deliver a full-service…
Women are less likely to feel financially ready for career change by 54 per cent, compared to 44 per cent for men
A new poll released Monday by investment firm Edward Jones found that 54 per cent have considered a career change in the past 12 months, but 46 per cent of respondents cited a lack of financial preparedness as a barrier towards taking that first step towards a new career. "Career changes can mean taking a significant…
Bruce Winder of Retail Advisors Network talks about the dramatic evolution taking place in retail and where the marketplace will go next
Bruce Winder is co-founder and partner of Retail Advisors Network. Tell me a little bit about your background and what you do now? Winder: I spent about 20 plus years in big retail at places like Canadian Tire, HBC, Sears and Air Miles before deciding I wanted to explore life outside a head office and…
A few small extra steps can be the difference between unemployment and actually getting hired
Under every rock, there’s another snake that claims that a candidate must have an “Elevator Speech.” Unfortunately, the vast majority of elevator speeches are long enough to last the time it takes to ride the elevator to the top of Toronto's CN Tower. Eyes roll back in respective heads and sleep beckons. Following are the…
Thomas Elwell of KATE Energy talks about bringing his vision to life and the struggles every entrepreneur faces on the road to success
Thomas Elwell is CEO of KATE Energy. What is KATE Energy and what does it do? Elwell: KATE Energy is a Calgary based producer of cleaner, more affordable and sustainable power and heat. We are a young company that was founded in early 2016 and is moving from the startup phase to commercial operations and…
The Sobeys Inc. vice-president talks about the dynamic trends in her industry, from e-commerce to buying local
Jana Sobey is vice-president of merchandising, community format, Thrifty Foods and Field for Sobeys Inc. She recently received a 2019 Star Women in Grocery Award. How did you feel about winning the award and what did it mean to you? Sobey: It felt really good. I was actually quite surprised, to be quite honest. So being…
Danilo Terra of ATB Financial’s equipment finance team talks about overcoming hurdles to success and the green shoots of reinvention and new industry that await Alberta
Danilo Terra is director of equipment finance at ATB Financial. Can you explain what your role is with ATB Financial? Terra: I believe Alberta business should have the equipment required for success and my job is to do my best to provide them with the capital they need. Here in the equipment financing group for…
Chris Kneeland of Cult Collective talks about working with clients to achieve heightened levels of brand relevance and customer adoration
Chris Kneeland is co-founder of Cult Collective. The company is based in Calgary, Alberta. What is Cult and what does it do? Kneeland: Cult is an audience engagement firm. That means we help brand leaders better connect with customers, prospects and staff in ways that significantly impact business performance, marketing return on investment and internal…
The number of Employment Insurance beneficiaries in Alberta declined in June for the fourth consecutive month, down 2.8 per cent to 47,700, according to data released on Thursday by Statistics Canada. “There were decreases in the CMAs (census metropolitan areas) of Edmonton (-5.0 per cent) and Calgary (-1.7 per cent), as well as in the…
