Albertans have elected a pig-in-a-poke for a second time in a row

For business, an ideology-driven agenda – whether from the right or the left – doesn’t create favourable conditions for investment

Albertans have elected a pig-in-a-poke for a second time in a rowCommon sense is not so common, observed the 18th century French writer Voltaire. Sadly, he could be talking about politics in Alberta today. Albertans have been whipsawed by two back-to-back political parties that govern more by ideology than common sense. The NDP governed from the ideological perspective that the state should tax more and use…

Video: Recent court ruling limits Airbnbs in condos

Erin Berney, a lawyer with Field Law, discusses implications of the recent ruling for condo boards and owners

A recent court ruling puts a temporary ban on the ability of condo owners to use their units as rentals on  the tourism site, Airbnb. Erin Berney, a lawyer with Field Law, explains the ruling and discusses what it might mean for the rights of both condominium boards and condo owners. If you own a…

October retail sales in Alberta end two-year slide

An increase of 0.4 per cent came after retail sales in the province had fallen below levels last reported in August 2017

October retail sales in Alberta end two-year slideRetail sales in Alberta reached $6.7 billion in October, up 0.4 per cent from the previous month, according to a report released Friday by Statistics Canada. The federal agency said the increase came after retail sales in the province had fallen below levels last reported in August 2017. “Despite the gain, the level of retail…

Alberta’s inflation rate below Canadian average

The traveller accommodation index trended downward in November, falling 4.2 per cent year over year

Alberta’s inflation rate below Canadian averageThe cost of living in Alberta rose in November at a rate slightly below the Canadian average, Statistics Canada reported Wednesday. The federal agency said the Consumer Price Index in the province was up 2.1 per cent on a year-over-year basis while in Canada it rose by 2.2 per cent. Both those numbers are up…

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…

Suncor capital plans for 2020 set at $5.4-$6 billion

Upstream production is expected to reach 800,000 to 840,000 barrels of oil equivalent per day, an increase of about five per cent

Suncor capital plans for 2020 set at $5.4-$6 billionCalgary-based Suncor Energy says its capital investment program to be $5.4 to $6 billion in 2020 with upstream production expected to be between 800,000 to 840,000 barrels of oil equivalent per day (boe/d), an increase of about five per cent production. “During 2019, we've demonstrated the value of our asset integration and flexibility through our…

Small business confidence in Alberta declines in November

Business confidence is the second lowest in the country and well behind the national average of 56.1 per cent

Small business confidence in Alberta declines in NovemberAlberta’s entrepreneurs have the fall blues. The monthly Business Barometer by the Canadian Federation of Independent Business showed small business confidence tumbled in November. The index fell 8.9 points from the previous month to 44.7. It's the second lowest in the country and well behind the national average of 56.1 per cent. The CFIB says an…

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…

FCL shutting down Calgary centre, more than 200 jobs lost

The move comes as a result of Calgary Co-op’s recent decision to source its groceries from Save-on-Foods

FCL shutting down Calgary centre, more than 200 jobs lostFederated Co-operatives Ltd. is eliminating more than 200 jobs in Calgary this spring as it shuts down its Calgary Food Distribution Centre effective April 2020. In a news release on Thursday, FCL said the move comes as a result of Calgary Co-op’s recent decision to source its groceries from Save-on-Foods. “We're deeply saddened by this…

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…
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