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Company plans to open 20 to 30 retail stores under the banner Prairie Records over the next 12 to 24 months
Calgary-based Westleaf Cannabis has received strong validation of its innovative approach in the Canadian cannabis industry with the recent closing of $20 million in financing, including a $2.9-million strategic investment from Tilray Inc. Westleaf plans to open 20 to 30 retail stores over the next 12 to 24 months, subject to securing real estate, finalizing…
A new report says the industry is expected to support close to 21,000 jobs annually across the country
Propane production in Canada is expected to increase by more than 20 per cent over the next seven years, according to a new report released on Friday by the Conference Board of Canada. The report, Fuelled Up: An Updated Overview and Outlook of Canada's Propane Market and Industry, said the industry accounted for $3.5 billion…
The move is also bound to have implications for Canada’s economy: Conference Board of Canada
The Alberta government’s unprecedented move to cut back oil production in the province starting next year is “a desperate measure to alleviate bottlenecks and bolster prices,” says a commentary by the Conference Board of Canada. “Whether there’s a payoff will be hard to determine and will depend on whose opinion you ask on this complex…
ATB report blames the decline on the completion of major projects and the dramatic oil price differential
The news from the oil patch continues to raise concerns across Alberta and Canada. The latest is the revelation that capital expenditure in the oil patch, a driving force of the national and provincial economies, is falling again. ATB Financial’s Economics & Research Team on Thursday released data from Statistics Canada indicating that there were “whispers…
Crude oil export prices were down 15.4% in October, the strongest monthly decrease since February 2016: StatsCan
Canada’s merchandise trade deficit with the world widened from $891 million in September to $1.2 billion in October, according to Statistics Canada. The federal agency said on Thursday that the country’s exports were down 1.2 per cent in October, principally on lower exports of crude oil. Imports were down 0.6 per cent, mainly due to…
Studies suggest these constraints cost the Canadian economy up to $130 billion a year. But we can change that
By Sen. Jane Cordy and Sen. Diane Bellemare Canada’s framework for interprovincial trade is patchy at best. While Canada has signed on to free trade agreements with countries around the world, there are significant barriers to the free flow of goods and services within our own borders. Studies have suggested that these interprovincial trade constraints…
‘Every Albertan owns the energy resources in the ground and we have a duty to defend those resources,’ says Premier Notley
Alberta Premier Rachel Notley announced on Sunday that the province is mandating a short-term reduction in oil production in response to the historically high oil price differential. The provincial government says that differential is costing the national economy more than $80 million a day. Production of raw crude oil and bitumen will be reduced by…
Atlantic Canada enjoys a level of public spending that far outreaches that of the provinces that contribute most to equalization payments
It is time for a fundamental course change by Atlantic Canadians with respect to equalization and other regional subsidies. I recently made a presentation to independent senators in Ottawa on this subject in which I said that Canada’s regional subsidies were ineffective. We've had a half-century of remarkably large subsidies to Quebec and Atlantic Canada,…
And the share of employees belonging to a union declined from 38% to 28%: StatsCan
A report out Friday by Statistics Canada indicates a shifting trend in the country’s labour landscape. “Since the early 1980s, total employment has shifted away from full-time jobs. The share of all employees aged 17 to 64 working full-time declined from 87 per cent in 1981 to 84 per cent in 2018. But while full-time…
Strength in mining and petroleum refineries boosted growth in the third quarter: StatsCan
Canada's real gross domestic product (GDP) grew 0.5 per cent in the third quarter, following a 0.7 per cent increase in the second quarter. Expressed as an annualized rate, real GDP was up 2.0 per cent in the third quarter, according to Statistics Canada. In comparison, real GDP in the United States grew 3.5 per…
Calgary-based Westleaf Cannabis has received strong validation of its innovative approach in the Canadian cannabis industry with the recent closing of $20 million in financing, including a $2.9-million strategic investment from Tilray Inc. Westleaf plans to open 20 to 30 retail stores over the next 12 to 24 months, subject to securing real estate, finalizing…
