Canadian capital investment climate deteriorating, badly

Capital investment in Canada has slowed to a 40-year low, negatively affecting living standards for workers and overall economic growth

Canadian capital investment climate deteriorating, badlyThe growth rate of capital investment in Canada – particularly in the important areas of equipment, machinery and intellectual property – has slowed to a 40-year low, negatively affecting living standards for workers and overall economic growth, according to a study released on Thursday by the Fraser Institute, a national public policy think-tank. “The evidence…

Alberta to lead the country in economic growth this year

Nationally, RBC says the economy is expected to grow 2.1% this year and 2.0% next year

Alberta to lead the country in economic growth this yearAlberta is in position to be the economic growth leader among all provinces for a second straight year, says a report on released Wednesday by RBC Economic Research. “Recovery from the tough 2015-2016 recession is continuing with more sectors of the economy contributing. Stronger oil prices are a clearly positive development keeping the recovery on…

Oil and gas production on the rise

Canadian industries operated at 85.5% of their production capacity in the second quarter: StatsCan

Oil and gas production on the riseMore good news for Alberta’s economy from Statistics Canada. In a report released on Wednesday, the federal agency said Canadian industries operated at 85.5 per cent of their production capacity in the second quarter, up from 83.7 per cent in the first quarter. This follows a slight decrease in capacity utilization in the first quarter…

Buying or renting a home – what’s the best choice?

The cost of renting will increase more rapidly than the cost of homeownership: report

Buying or renting a home – what’s the best choice?It’s the million-dollar question many Canadians will face. Should I buy or rent a home? Well a new report by Mortgage Professionals Canada suggests homeownership is an affordable alternative as rent costs rise. “The report demonstrates that the money Canadians are spending on monthly rent, if used instead to finance a home, would be a…

ATCO expanding global infrastructure portfolio

Calgary-based company purchases 40% of Neltume Ports, a port operator and developer in South America, for $450 million

ATCO expanding global infrastructure portfolioCalgary-based ATCO is expanding its global infrastructure portfolio with the acquisition of 40 per cent of Neltume Ports, a leading port operator and developer in South America, for $450 million. The company said Neltume Ports, a subsidiary of Ultramar, operates in 16 port facilities and three stevedoring businesses primarily located in Chile and Uruguay. “This…

Alberta auto sales forecast to exceed 2017 numbers

Expected to reach 248,000 units this year, a slight increase from the 245,000 sales in 2017

Alberta auto sales forecast to exceed 2017 numbersA Global Auto Report by Scotiabank Economics says vehicle sales in Alberta are forecast to reach 248,000 units this year, a slight increase from the 245,000 sales in 2017. The report said sales are on a rising trend after dipping to 220,000 in 2016 as the province was in the depths of recession due to…

Baby Gourmet makes baby food even you will eat

We put premium gas in our luxury cars so why not put the best, highest quality baby food into the most important members of your family?

Baby Gourmet makes baby food even you will eatJennifer Carlson is co-founder of Baby Gourmet and academic chair (Innovation and New Ventures) at SAIT's School of Business. Calgary’s Business: How did the idea of establishing Baby Gourmet come about? Carlson: The idea for Baby Gourmet came about 13 years ago when my then six-month-old daughter was starting solids and I was not happy…

Innovate Calgary is turning discovery into commerce

Peter Garrett talks about how Innovate Calgary helps to bring ideas to life

Innovate Calgary is turning discovery into commercePeter Garrett is associate vice-president of research and innovation at the University of Calgary and CEO and president of Innovate Calgary. Calgary’s Business: What is Innovate Calgary and its purpose? Garrett: Innovate Calgary is the knowledge transfer and business incubator centre for the University of Calgary. We help bridge the gap between discovery and innovation…

Multi-family construction soars in Calgary and Edmonton

August’s single-detached market saw a hike of 4% in Calgary to 403 units while Edmonton fell by 27% to 415 units

Multi-family construction soars in Calgary and EdmontonThere were some positive signs for multi-family home construction in Alberta in August – particularly for the major centres of Calgary and Edmonton. Canada Mortgage and Housing Corp. released housing starts data on Tuesday showing huge increases in both census metropolitan areas for new home construction. In Calgary, the all other starts besides single-detached category…

Alberta leads the way in production of crude oil

The year-over-year increase in total production of crude oil in June was driven by non-upgraded crude bitumen: StatsCan

Alberta leads the way in production of crude oilCanada produced 21.1 million cubic metres (132.9 million barrels) of crude oil and equivalent products in June, up 10.5 per cent from the same month a year earlier, according to Statistics Canada. The federal agency reported on Tuesday that the year-over-year increase in total production of crude oil and equivalent products in June was driven…
1 22 23 24 25 26 33