Regular EI beneficiaries keep falling in Alberta

Nationally, 442,600 people received regular EI benefits in June, down 180 from the previous month and by 21,280 from last year

Regular EI beneficiaries keep falling in AlbertaThe 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 wholesale sector rebounds in June to $6.9 billion in sales

Nationally, wholesale sales rose 0.6% to $64.1 billion, partly offsetting the 1.9% decline in May

Alberta wholesale sector rebounds in June to $6.9 billion in salesWholesale sales in Alberta increased 1.3 per cent in June to $6.9 billion, following an 8.3 per cent decline in May, says Statistics Canada. In a report released on Thursday, the federal agency said “higher sales were recorded in four of seven subsectors, led by the machinery, equipment and supplies subsector, and the motor vehicle…

Mild recession forecast for Alberta this year

Mild recession forecast for Alberta this yearAlberta 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…

Alberta extends cap on oil production

Alberta extends cap on oil productionThe 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…

Alberta manufacturing sales fall in June

Alberta manufacturing sales fall in JuneFollowing five consecutive months of increases, manufacturing sales in Alberta fell 6.5 per cent in June to $6.5 billion, according to Statistics Canada. The federal agency reported on Tuesday that “the decline was mostly attributable to lower sales in the petroleum and coal product (-10.5 per cent), chemical (-11.5 per cent) and food (-6.5 per…

Asking rents in Alberta increased in July

Asking rents in Alberta increased in JulyAsking rents in Alberta increased in July for the second straight month, following two months of decline, according to the August national rent report produced by Rentals.ca and Bullpen Research & Consulting. In July the average monthly rent in Calgary for a two-bedroom home was $1,487 (up 0.6 per cent), while it was $1,303 for…

Alberta economic growth expected to slow

Alberta economic growth expected to slowThe Canadian economy rebounded strongly in the second quarter, with growth expected at three per cent after back-to-back quarters at less than 0.5 per cent, says a new report by BMO Economics. “Oil production curbs in Alberta have begun to ease, while net exports came roaring back and a decline in long-term interest rates has…

Bringing affordable, sustainable power to remote Canada

Thomas Elwell of KATE Energy talks about bringing his vision to life and the struggles every entrepreneur faces on the road to success

Bringing affordable, sustainable power to remote CanadaThomas 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…

Number of petroleum wells drilled to drop by nearly one-third this year

Number of petroleum wells drilled to drop by nearly one-third this yearNearly one-third fewer petroleum wells will be drilled in Canada this year compared to 2018, according to an industry association. The Petroleum Services Association of Canada (PSAC), in its third update to its 2019 Canadian Drilling Activity Forecast, is again decreasing its forecasted number of wells to be drilled across Canada for 2019 from 5,300…

Alberta small business confidence stalls in July

To continue upward trend, provincial government must focus on economic growth, job creation and supporting small business: CFIB

Alberta small business confidence stalls in JulyThe latest monthly Business Barometer results from the Canadian Federation of Independent Business’ (CFIB) show Alberta’s small business confidence index fell by 1.8 points in July, following a near 20 point increase between January and June. “While small business owners have been more optimistic in the last several months, their confidence has clearly stalled out,” said…

Albertans’ average weekly earnings lead Canada

Albertans’ average weekly earnings lead CanadaAverage weekly earnings of non-farm payroll employees in Alberta continued to be the highest of all provinces in May, according to Statistics Canada. The federal agency reported on Thursday that earnings in the province rose to $1,182, up 3.4 per cent month over month and an increase of three per cent year over year. The…
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