Manufacturing a key driver of Alberta economy

Total annual revenue was up 7.1 per cent in 2018 compared to 2017, reaching $80.4 billion, but still four per cent below peak set in 2014

Manufacturing a key driver of Alberta economyJust how important is the manufacturing sector to Alberta’s overall economy? Some data released by Statistics Canada recently indicates it is a vital source of jobs for the province and a key in growing the economy. “Zeroing in on Alberta, the sector’s total annual revenue was up 7.1 per cent in 2018 compared to 2017,…

Manufacturing sales leads strong month for Alberta

Manufacturing sales in Alberta increased 1.6 per cent to $6.3 billion in October, as a result of higher sales in the food and chemical industries

Manufacturing sales leads strong month for AlbertaAlberta manufacturing sales are recovering from a bad year, even as national national manufacturing sales are declining. Manufacturing sales in Alberta increased 1.6 per cent to $6.3 billion in October, following a 2.8 per cent decline in September. The gain was mostly attributable to higher sales in the food (+8.9 per cent) and chemical (+3.2…

Alberta manufacturing sales dip in August

Across Canada, manufacturing sales rose by 0.8% to $57.6 billion in August, following two months of declines

Alberta manufacturing sales dip in AugustManufacturing sales in Alberta dipped in August, according to Statistics Canada. The federal agency reported on Thursday that sales in the province fell by 0.1 per cent to $6.3 billion. On an annual basis, they were down 4.3 per cent. Across Canada, manufacturing sales rose by 0.8 per cent to $57.6 billion in August, following…

Put robots to work so humans can be more productive

While robots replace human workers on the factory floor, better-paid jobs are created to design, build and maintain the robots

Put robots to work so humans can be more productiveThe robots are coming, the robots are coming! They may not be an unstoppable evil army ready to take over the world as in a bad sci-fi movie, but they’re definitely making headway on factory assembly lines and increasingly in other industries. A United Kingdom research firm, Oxford Economics, did a study that covered seven…

Alberta manufacturing sales continue to slip

Alberta manufacturing sales continue to slipManufacturing sales in Alberta were down 2.8 per cent in July to $6.3 billion, following a 7.0 per cent decrease in June, says Statistics Canada. “In July, 15 of 21 manufacturing industries reported lower sales in Alberta, led by the petroleum and coal product industry (-5.0 per cent),” said the federal agency on Tuesday. “Manufacturing…

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…