After a long economic winter, signs of warmth

After a long economic winter, signs of warmthAlberta has had a rough six years – to the point where we’re tired of hearing the bad news. Since oil prices collapsed in 2014, there has been a steady stream of downers about massive job losses, head offices hollowing out, and a lot of talent that we can’t afford to lose packing up and…

Natural resources GDP on the decline in Canada

Oil sands extraction declined largely because of shutdowns and maintenance of some production facilities. Crude oil extraction also falls

Natural resources GDP on the decline in CanadaThe natural resources sector in Canada continues to be challenged. A new report released Friday by Statistics Canada said real gross domestic product (GDP) of the natural resources sector fell 2.2 per cent in the third quarter, following a 2.8 per cent rise in the second quarter.  The federal agency said the decline was largely…

Low commodity prices weight on Prairie entrepreneurs

Limited cash flow also a concern for business owners when it comes to investing in their companies these days, according to BDC survey

Low commodity prices weight on Prairie entrepreneursMany Canadian entrepreneurs will continue investing in their companies in 2020 despite growing uncertainty about world economies. But business owners in the Prairies are the most pessimistic, mostly because of low commodity prices and limited cash flow, says the latest annual survey by BDC. The study on investment intentions found that entrepreneurs in the manufacturing…

Alberta government debt growth highest in the country

Alberta’s provincial per-person debt grew by 184 per cent, also the largest increase among the provinces by a wide margin

Alberta government debt growth highest in the countryAlberta government debt more than doubled since the year before the recession in 2007/2008, says public policy think tank the Fraser Institute. It's the largest increase among all provinces in that time period.  “The Alberta government’s chronic deficits over more than a decade have built a mountain of debt,” Jake Fuss, economist at the Fraser…

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,…

Cenovus Energy targets 30% decrease in emissions

Also plans $1.5 billion of additional spending with Indigenous businesses and reclaim 1,500 decommissioned well sites

Cenovus Energy targets 30% decrease in emissionsCenovus Energy announced Thursday it is aiming to reduce its emissions intensity by 30 per cent by 2030. It also plans to achieve a minimum of $1.5 billion of additional spending with Indigenous businesses, reclaim 1,500 decommissioned well sites and complete $40 million of caribou habitat restoration work. “Our environmental practices, low-emissions oil sands operations…

Alberta needs the ‘war room’ to challenge energy ignorance

Too many reporters have bought into poorly-conceived advocacy positions and fail to provide readers with balanced information

Alberta needs the ‘war room’ to challenge energy ignoranceThe Canadian Energy Centre – also called the “war room” – is online, publishing featured stories, reports, briefs, analysis, perspective and even an Energy IQ quiz. It’s all aimed at distributing information about energy (primarily oil and gas) in Canada. The topics are diverse, ranging from pipelines and oil products to climate, renewables, people stories,…

Energy production in Canada declining, says StatsCan

Alberta produced 18.3 million cubic metres of crude oil and equivalent products in October, down 4.9 per cent

Energy production in Canada declining, says StatsCanEnergy production in Canada declined in several sectors in October 2019, compared with the same month in 2018, according to Statistics Canada. The federal agency said production of crude oil and equivalent products (-1.7 per cent), natural gas (-1.3 per cent), and coal (-9.3 per cent), as well as electricity generation (-3.3 per cent) declined…

Albertans have elected a pig-in-a-poke for a second time in a row

For business, an ideology-driven agenda – whether from the right or the left – doesn’t create favourable conditions for investment

Albertans have elected a pig-in-a-poke for a second time in a rowCommon sense is not so common, observed the 18th century French writer Voltaire. Sadly, he could be talking about politics in Alberta today. Albertans have been whipsawed by two back-to-back political parties that govern more by ideology than common sense. The NDP governed from the ideological perspective that the state should tax more and use…

Alberta’s small business confidence lowest in Canada

The CFIB barometer in the province dropped by 6.4 points to 38.3, the lowest in the country in December

Alberta’s small business confidence lowest in CanadaIt has been a tough year for small business owners in Alberta and that was evident again on Friday with the release of the Business Barometer measure by the Canadian Federation of Independent Business. In December, the barometer in the province dropped by 6.4 points to 38.3. That is the lowest in the country, which…
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