Alberta’s UCP needs the feds to get Trans Mountain done

It was actually the federal Liberals and Alberta’s previous NDP government that did the heavy lifting needed to get the project started

Alberta’s UCP needs the feds to get Trans Mountain doneIt was more than a little disingenuous for Alberta’s still newish UCP government to stand up and claim last week that its “perseverance” led to the start of construction of the long-delayed Trans Mountain Pipeline expansion. “Perseverance has got us to this point,” clucked Alberta Energy Minister Sonya Savage. “When others were criticizing our energy…

Alberta’s budget cuts not aggressive enough: report

Alberta's spending reduction plans much smaller than previous governments that wanted to eliminate the deficit, says Fraser Report

Alberta’s budget cuts not aggressive enough: reportThe Alberta government’s plan to eliminate the budget deficit by 2022/23 is less aggressive — both by timeline and by the amount of spending reductions — than previous successful deficit-reduction plans by other governments across Canada, says a new report released Thursday by public policy think tank the Fraser Institute.  “The recent Alberta budget represents…

Husky Energy cutting planned capital spending by $500 M

Capital spending in 2020 will be directed towards advancing the Lloyd thermal project and ongoing construction of a project in the Atlantic region

Husky Energy cutting planned capital spending by $500 MCalgary-based Husky Energy announced Monday it is reducing its capital program by half-a-billion dollars in 2022 and 2020. “We are continuing to focus on safe and reliable operations as we build on our improved 2019 performance and work towards our target of becoming a global top-quartile process safety performer by the end of 2022,” CEO…

Wexit threatening Alberta’s economic recovery

The worst thing Alberta can do is let the Wexit debate linger. A never-ending debate will only trigger a permanent loss of economic power and status

Wexit threatening Alberta’s economic recoveryWhen the topic of political separation comes up, there’s one thing most of us can agree on: it’s bad for business. Recent grumblings in Alberta about breaking free of Ottawa’s shackles – which are, less face it, profoundly annoying and bad for business in their own way – brought back memories of that other separatist…

Average weekly earnings edge up 3.4% in Alberta

Stats Can saw large employment growth in the health care, social assistance sector, and increased earnings in the transportation and warehousing sectors

Average weekly earnings edge up 3.4% in AlbertaAverage weekly earnings of non-farm payroll employees in Alberta in September rose by 3.4 per cent from a year ago, according to Statistics Canada. They remain the highest among all Canadian provinces at $1,177.54. The federal agency reported Thursday that the hike is “partially due to a low point observed in September 2018.” “Large employment…

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…

Alberta public employees have 9.3% pay edge

Goverment workers also enjoyed much more generous non-wage benefits, says the Fraser Institute

Alberta public employees have 9.3% pay edgeGovernment employees in Alberta received 9.3 per cent higher wages on average than comparable workers in the private sector last year, and also enjoyed much more generous non-wage benefits, says a study released Tuesday by public policy think tank the Fraser Institute. “Bringing government-sector compensation in line with the private sector would not only help…

Alberta sees uptick in wholesale trade sector

Alberta sees uptick in wholesale trade sectorFollowing two consecutive declines, wholesale sales in Alberta increased 1.9 per cent to $6.9 billion in September primarily as a result of higher sales in the machinery, equipment and supplies subsector, says Statistics Canada. The federal agency reported Monday that subsector rose by six per cent to $2.2 billion. “While all industries within this subsector…

How to reform Alberta’s energy regulation

Less red tape and shorter decision timelines would improve Alberta’s investment environment and free up AER’s resources

How to reform Alberta’s energy regulationBy Steven Globerman and Jairo Yunis The Fraser Institute In September, Alberta Energy Minister Sonya Savage announced a formal government review of the Alberta Energy Regulator (AER) and replaced the AER’s board of directors with an interim panel. AER’s mandate is governing structure and operational practices in the industry. Since the announcement, several independent investigations…

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…

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…

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…

Texas handily beats Alberta for energy investment: report

Eighty per cent of survey respondents cited uncertain environmental regulations as a deterrent to investing in Alberta

Texas handily beats Alberta for energy investment: reportTexas is more than two times as attractive as Alberta for oil and gas investment, according to a survey of petroleum-sector executives released on Thursday by the public policy think-tank the Fraser Institute. In a ranking of 20 North American jurisdictions, which included 15 U.S. states and five Canadian provinces, Texas came out on top…

Oil drilling industry pressures Ottawa

Industry blames ‘punitive’ federal policies and regulations for its struggles

Oil drilling industry pressures OttawaFollowing the federal election in October, the sentiment toward Canadian oil and gas is nearing all-time lows, says a report by the Canadian Association of Oilwell Drilling Contractors. The association says that since 2017 the industry has lost an estimated $30 billion in foreign capital, and companies continue layoffs and relocation efforts. It says its…
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