Alberta third most popular destination for Canadian travellers

Canadians made 65.8 million trips in Canada and abroad in the first quarter, spending $19.1 billion: StatsCan

Alberta third most popular destination for Canadian travellersAlberta appears to be a popular destination for Canadian travellers. According to new data released on Monday by Statistics Canada, Canadian residents made 56.3 million trips to destinations in Canada in the first three months of 2018, 69.5 per cent of which were same-day trips. “Ontario, Canada's most populous province, recorded 23.3 million visits during…

Enbridge-Spectra deal valued at $4.3 billion

Enbridge says the move was influenced by tax changes in the U.S.

Enbridge-Spectra deal valued at $4.3 billionCalgary-based energy transportation company Enbridge announced on Friday that it will acquire all of Spectra Energy Partner’s (SEP) outstanding 81.9 million public shares. The agreement will be based on a ratio of 1.111 Enbridge common shares for each common unit of Spectra. The agreement is valued at $4.3 billion, representing a 9.8 per cent increase…

Alberta economic recovery is slow but steady: ATB

But if trade tensions worsen, a slowdown is almost inevitable, report warns

Alberta economic recovery is slow but steady: ATBThe good news for Alberta is that its economy continues to move forward as it gears up for the final months of 2018. The not-so-good news is that the road to recovery is slow. A new economic outlook by ATB Financial’s Economics & Research Team is forecasting economic growth of 2.6 per cent this year,…

New provincial oil and gas framework expected to save millions

New regulatory process for oil and gas projects is intended to reduce paperwork and improve efficiency

New provincial oil and gas framework expected to save millionsThe province has announced a new regulatory process for oil and gas projects that it says will save $600 million over the next four years. The Integrated Decision Approach is a one-stop software tool, developed in conjunction with the Alberta Energy Regulator (AER) that will reduce paperwork and improve efficiency, the province stated in a…

Alberta sheds jobs over summer months

Decline in EI beneficiaries slowing down although the statistics show a more positive outlook over the last 12 months

Alberta sheds jobs over summer monthsEmployment insurance benefits were stagnant in June and July, indicating that not all segments of Alberta’s labour market are recovering at the same pace, according to an ATB Financial analysis released on Thursday. Statistics show that 53,200 Albertans received EI benefits in June, and the total was relatively unchanged in July. Calgary experienced a 2.9…

Canadian Pacific moving more grain

Railway plans to spend more than $1.55 billion in capital investments in 2018

Canadian Pacific moving more grainCanadian Pacific railway announced on Monday that it moved 25.8 million tonnes of Western Canadian grain and grain products, soybeans and other non-regulated principal field crops during the 2017-2018 crop year, up one per cent over the 2016-2017 crop-year and one per cent above its three-year average. It also said that September 2017 was CP's…

Skilled trade jobs go begging in Canada

Skilled trades are the hardest jobs to fill, followed by sales representatives and drivers: ManpowerGroup survey

Skilled trade jobs go begging in CanadaA new report by ManpowerGroup finds that 41 per cent of Canadian employers say they can’t find the skilled people they need to fill jobs. “We continue to see increasing demand for skilled workers across all sectors of the Canadian economy from trades and transport to sales,” said Darlene Minatel, country manager of ManpowerGroup Canada.…

Alberta sends bulk of crude oil to pipelines in Canada

Pipelines delivered 7.4 million cubic metres of crude oil to Canadian refineries in June, up 3.2% over last year

Alberta sends bulk of crude oil to pipelines in CanadaPipelines in Canada received 20.8 million cubic metres of crude oil and equivalent products from fields and plants in June, up 4.5 per cent compared with the same month in 2017, according to Statistics Canada. The federal agency reported 0n Monday that the vast majority of product came from Alberta at 86.4 per cent of…

Significant revenue gap between male and female entrepreneurs

Women entrepreneurs using e-commerce tools report earning 75% more revenue than their female peers who don't sell online

Significant revenue gap between male and female entrepreneursA new report released on Wednesday says there is a significant revenue gap between small business owners in Canada who are women and those who are men. The report, by PayPal Canada and Barraza & Associates, said that on average women-owned businesses earn $68,000 less than men who run similar businesses. That's a 58 per…

Canadians pay a whopping 2,112% more in taxes now than in 1961

We pay more in taxes than we do for life's basic necessities like housing, food and clothing

Canadians pay a whopping 2,112% more in taxes now than in 1961Think you’re paying way too many taxes these days? A report released on Tuesday by Canadian public policy think-tank the Fraser Institute supports that sentiment. Its Canadian Consumer Tax Index found that the average Canadian family spent 43 per cent of its income on taxes in 2017. It said the total tax bill of the…