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…

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…

Female entrepreneurs growing 3x faster in Canada

39 per cent of all entrepreneurs that started businesses in 2018 were women

Female entrepreneurs growing 3x faster in CanadaThe number of female entrepreneurs in Canada has grown more than three times faster than the number of male entrepreneurs since 1976, according to a study released Tuesday by BDC (Business Development Bank of Canada). The study also said that 39 per cent of all entrepreneurs who started businesses in 2018 were women, and they…

Alberta, Saskatchewan lag in energy efficiency ratings

The scorecard is part of a Canada-wide database on energy efficiency policy, compiled by Efficiency Canada

Alberta, Saskatchewan lag in energy efficiency ratingsBritish Columbia nabbed first place in Canada's first-ever Provincial Energy Efficiency Scorecard, released Tuesday. Alberta ranked sixth and Saskatchewan was ninth.  The scorecard is part of a Canada-wide database on energy efficiency policy, compiled by the Carleton University-based energy efficiency advocacy organization Efficiency Canada. "Imagine thinking of all that energy waste from our homes, businesses…

Home prices in Alberta off 3.1% since 2015

The average price of a new home in Alberta was down by 1.7 per cent in September compared to a year earlier.

Home prices in Alberta off 3.1% since 2015Persistent uncertainty in the Alberta economy continues to impact the homebuilding industry. The good news for consumers is that prices of new homes are falling. Not so good news, though, for homebuilders as they struggle with a lower demand environment. According to Statistics Canada data, the average price of a new home in Alberta was…

Business Council aims to reignite economy

The Conference Board of Canada forecasts that the province’s economy will once again fall into negative territory this year

Business Council aims to reignite economyThe Business Council of Alberta has come up with 10 ideas it says will ignite the Alberta economy, which has been floundering since oil prices collapsed in the latter half of 2014. The Conference Board of Canada has recently forecast that the province’s economy will once again fall into negative territory this year. The council…

Premier heads to Texas to drum up energy investment

Premier heads to Texas to drum up energy investmentAlberta Premier Jason Kenney is in Texas this week hoping to spur energy investment in the province. His trip comes about a week after the release of a report by public policy think-tank Fraser Institute showing that Texas is more than two times as attractive as Alberta for oil and gas investment. “Our top goal…
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