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…

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…

Canadian economy grows for third consecutive month

Canadian economy grows for third consecutive monthThe Canadian economy grew for the third consecutive month in May. Statistics Canada reported on Wednesday that real gross domestic product was up 0.2 per cent during the month and the increase was led by a rebound in manufacturing with 13 out of 20 industrial sectors expanding. On a three-month rolling average basis, real gross…

Westleaf to supply $4M of cannabis derivative products to Delta 9

Westleaf to supply $4M of cannabis derivative products to Delta 9Westleaf Inc. announced on Wednesday that its subsidiary, Westleaf Labs LP, has entered into a white-labelling agreement with Delta 9 to supply approximately $4 million of cannabis derivative products from its large-scale extraction and manufacturing facility in Calgary. Calgary-based Westleaf said the contract will begin on Oct. 1, subject to receipt of final licence approval…

Manufacturing sector continues to rise in Alberta

Gain mostly attributable to higher sales in the petroleum and coal product and chemical industries, said StatsCan

Manufacturing sector continues to rise in AlbertaAlberta’s manufacturing industry and the province’s economy has experienced another positive month. Statistics Canada reported on Wednesday that manufacturing sales in Alberta increased for the fifth consecutive month, rising 2.2 per cent to $7 billion in May. “The gain was mostly attributable to higher sales in the petroleum and coal product (+3.8 per cent) and…

Cannabis company Sundial Growers acquires U.K. company

Intends to use parts of these facilities to cultivate hemp and cannabis

Cannabis company Sundial Growers acquires U.K. companyCalgary-based cannabis company Sundial Growers Inc. acquired U.K.-based Bridge Farm Group with plans to produce and sell high-quality CBD products globally. In a news release, Sundial said Bridge Farm is a market-leading producer of ornamental plants, flowers and herbs in the United Kingdom. It operates three growing facilities with 1.5 million square feet and plans…

Impressive gains for Alberta’s manufacturing sector

StatsCan said largest increases were reported in petroleum and coal products, food, chemical and machinery industries

Impressive gains for Alberta’s manufacturing sectorAlberta’s manufacturing sector had an impressive April as the industry continued to show healthy signs of growth. According to data released on Tuesday by Statistics Canada, manufacturing sales in the province rose to $6.9 billion during the month. That’s a 4.6 per cent hike from March. The gain followed a 4.3 per cent hike in…

BDC Capital launches $250-million Industrial Innovation Venture Fund

Will support innovative and transformative technologies, processes and business models across sectors

BDC Capital launches $250-million Industrial Innovation Venture FundBDC Capital, the investment arm of BDC (Business Development Bank of Canada), is launching the $250-million Industrial Innovation Venture Fund to invest in tech companies and entrepreneurs. In a news release on Tuesday, it said it is accelerating the transformation of core Canadian industries, including agriculture and food technologies, resource extraction technologies and advanced manufacturing.…

Alberta manufacturing sales beats Canadian average

March StatsCan results show improvements in 12 of 21 industries across the country, but economists concerned about global trade wars

Alberta manufacturing sales beats Canadian averageManufacturing sales in Alberta increased 3.9 per cent to $6.5 billion in March, a pace of growth much higher than the Canadian average, according to data released on Thursday by Statistics Canada. “The gain reflected higher sales of petroleum and coal products, which rose 15.9 per cent in March, following a 20.6 per cent increase…

Alberta manufacturing sector sees increase in sales

Sales in the sector rose by 0.1 per cent in February from January to $6.3 billion

Alberta manufacturing sector sees increase in salesGood news on the manufacturing front for the Alberta economy on Tuesday. A report by Statistics Canada said sales in the sector rose by 0.1 per cent in February from January to $6.3 billion. That was also a year-over-year hike of 3.4 per cent. Across Canada, the federal agency reported that sales were down 0.2…

Alberta manufacturing sales rebound in January to $6.2 billion

Largely driven by the food industry. Sales were also up in the wood product, fabricated metal product and electrical equipment

Alberta manufacturing sales rebound in January to $6.2 billionManufacturing sales in Alberta rose in January by 2.5 per cent to $6.2 billion, following two consecutive monthly declines, according to Statistics Canada data released on Friday. “Sales were up in 12 of 21 industries, largely driven by a 13.8 per cent increase in the food industry. Sales were also up in the wood product,…

Alberta capital expenditures forecast to remain at $60 billion

Spending across the country on non-residential construction, and machinery and equipment expected to rise 2.5% to $252 billion

Alberta capital expenditures forecast to remain at $60 billionCapital spending in Alberta is expected to be near $60 billion in 2019 for the third year in a row, says Statistics Canada. “Capital spending decreases expected in the mining, quarrying, and oil and gas extraction sector (-4.0 per cent to $27 billion) in 2019 were only partially offset by anticipated increases in the manufacturing…

Manufacturing sales dip for second straight month

The largest decrease occurred in the petroleum and coal product industry, largely due to a drop in prices: StatsCan

Manufacturing sales dip for second straight monthManufacturing sales in Alberta fell four per cent to $6.1 billion in December, a second consecutive monthly decline, according to Statistics Canada. “As a result, Alberta manufacturing sales in December were more than $700 million below their October level. The largest decrease in sales occurred in the petroleum and coal product industry, largely due to…

Manufacturing sales drop for second straight month in Alberta

Decline mainly the result of lower sales in the petroleum, coal product and chemical industries: StatsCan

Manufacturing sales drop for second straight month in AlbertaAlberta manufacturing sales fell 6.8 per cent in November to $6.3 billion, the second consecutive monthly decrease, says Statistics Canada. “The decline was mainly the result of lower sales in the petroleum and coal product (-14.0 per cent) and chemical (-9.3 per cent) industries,” said the federal agency on Tuesday. On an annual basis, manufacturing…

Canadian economy shows growth in October

Rise in manufacturing was the main reason for the 0.3% increase in goods-producing industries after two monthly declines

Canadian economy shows growth in OctoberThere was some good news for the Canadian economy on Friday. Statistics Canada reported that real gross domestic product (GDP) expanded 0.3 per cent in October, following a 0.1 per cent decrease in September. There was growth in 15 of 20 industrial sectors, led by increases in manufacturing, finance and insurance and wholesale trade. “The…