Canadian oil production on the rise

StatsCan says crude oil production totalled 20.7 million cubic metres in July, up 7.6% from a year earlier

Canadian oil production on the riseCanada produced 22.5 million cubic metres (141.4 million barrels) of crude oil and equivalent products in July, up 8.1 per cent compared with the same month in 2017, says Statistics Canada. “The rise in production of crude oil and equivalent products in July was primarily attributable to a 15.2 per cent increase in non-upgraded crude…

Parkland Fuel Corp. buying 75% of SOL for $1.57 billion

The largest independent fuel marketer in the Caribbean supplies 4.8 billion litres of fuel annually across 23 countries

Parkland Fuel Corp. buying 75% of SOL for $1.57 billionAlberta-based Parkland Fuel Corp. is buying 75 per cent of SOL, the largest independent fuel marketer in the Caribbean, in a deal worth about $1.57 billion. Parkland is Canada's largest and one of North America's fastest growing independent marketers of fuel and petroleum products and a leading convenience store operator. SOL, a privately-held company owned…

Trans Mountain mired in hopeless consultations and useless studies

The court decision against the pipeline veered away from objective legal analysis into opinions designed to justify preconceived biases

Trans Mountain mired in hopeless consultations and useless studiesFor the second time in two years, three judges with the Federal Court of Appeal struck down a crucially important oil export pipeline project that had undergone years of regulatory review. The approval of Northern Gateway by the former federal government of Conservative Stephen Harper was struck down in 2016. That was after Enbridge spent…

What every business can learn from Alberta’s failures

Add value, diversify, take control of your destiny, do long-term planning and be fiscally responsible

What every business can learn from Alberta’s failuresIt should come as no surprise to anyone that the failure of the Alberta government over the past 40 years to protect the interest of its citizens has resulted in a province that’s up to its neck in debt. The woes of the province cost the Progressive Conservative Party its reputation, future generations their Heritage…

Edmonton unemployment rate dips to 6.3%; Calgary’s unchanged at 8.2%

Throughout Alberta, the unemployment rate rose to 7% in September from 6.7% in August, StatsCan said

Edmonton unemployment rate dips to 6.3%; Calgary’s unchanged at 8.2%When Statistics Canada released its latest Labour Force Survey on Friday, some key differences between Calgary and Edmonton were evident. Calgary’s unemployment rate in September remained unchanged from the previous month at 8.2 per cent but Edmonton saw its unemployment rate drop to 6.3 per cent from August. In terms of jobs, Calgary created 5,000…

MobSquad receiving support from Opportunity Calgary Investment Fund

Provides clients with teams of top software engineers and data scientists working from satellite offices in Canada

MobSquad receiving support from Opportunity Calgary Investment FundMobSquad is the first company to receive support from the new Opportunity Calgary Investment Fund. The company provides clients in the United States with teams of top software engineers and data scientists working from satellite offices in Canada. It’s establishing a new business based in Calgary with hundreds of high-calibre software developers across Canada. “We…

Vigorous vetting crucial to Opportunity Calgary Investment Fund

Partner content: Fund established to help transform and diversify Calgary’s economy

Vigorous vetting crucial to Opportunity Calgary Investment FundBy Calgary's Business For companies looking for support for transformative investments in Calgary, opportunity and scrutiny go hand in hand. The $100-million Opportunity Calgary Investment Fund was launched by the City of Calgary in April to address local challenges and take advantage of the wave of innovation that’s defining the economic future for cities around…

Haskayne School of Business launching program to help jump-start careers

Program targeted to recent non-business graduates with no more than two years of work experience

Haskayne School of Business launching program to help jump-start careersThe Haskayne School of Business at the University of Calgary is launching a management program to help non-business graduates jump-start their careers. The Haskayne Master of Management provides an immersive 10-month experience in solving business problems with students gaining knowledge in accounting, finance, human resources, marketing, operations, strategy and entrepreneurship along the way. The school said…

Calgary office vacancy rate expected to peak at around 28%

Greg Guatto of Aspen Properties believes it will be a while before another office building is built in the city

Calgary office vacancy rate expected to peak at around 28%Greg Guatto is president and CEO of Aspen Properties. What's happening in the downtown Calgary office market? Guatto: It feels like the market is stabilizing. There’s still a glut of vacancy and not much growth in the use of office space. Twelve of the past 15 quarters had negative office absorption, but now two slightly…

Alberta restaurant industry hit hard by minimum wage hike

‘This steep increase to labour costs is placing insurmountable pressure on many of the province’s food service operators’

Alberta restaurant industry hit hard by minimum wage hikeAlberta’s restaurant industry has released a number of statistics showing the impact of an elevated minimum wage in the province that took effect on Monday. The wage rose to $15 per hour from $13.60. Restaurants Canada said the hike represents an escalation of nearly 50 per cent (63 per cent for liquor servers) over the…