Budget increase adds 60 drilling locations across Alberta and three more working drilling rigs, creating about 1,000 full-time jobs
Calgary-based energy giant Canadian Natural Resources Limited is increasing its capital expenditure to $4.05 billion in 2020, the company announced on Wednesday. With the Alberta government's recent announcement of the elimination of curtailment for some conventional drilling in Alberta, and its previously announced reduction in income tax rates, CNRL increased its 2020 capital budget by…
And fewer consumers plan to shop on Black Friday and Boxing Day this year, according to Accenture survey
Environmentally friendly products will account for about one-third of Canadians’ spending this holiday season, according to the eighth annual Holiday Shopping Survey from Accenture. But they will be spending a little less money this year on average. “With increased awareness about the climate crisis, it’s no surprise that responsible retail matters now more than ever,…
And across the country, retail sales decreased for the first time in three months
It appears the struggling economy in Alberta is taking a toll on the province’s retail sector. Statistics Canada reported on Friday that retail sales in the province in September dipped to $6.7 billion, representing a decline of 1.6 per cent from August and down 2.7 per cent from a year ago. In Canada, retail sales…
A 9,000-square-foot commercial building on 1.5 acres in Glendon is part of the Dream Big promotion
Two Northern Alberta business owners have launched a campaign to “give away” a 9,000-square-foot commercial building on 1.5 acres right in the heart of Alberta’s Lakeland Region. Glendon business owners Julie and Shane Kissell are inviting Canadians to dream big by submitting their big business idea along with a $250 application fee for a shot…
September decreases were widespread across the province, including in the Calgary and Edmonton areas
The number of people in Alberta receiving regular Employment Insurance benefits continues to fall. Statistics Canada reported on Thursday that 45,900 people in the province received regular EI benefits in September, a decrease of 6.2 per cent from the previous month, “continuing a downward trend that started at the beginning of 2019.” “In September, decreases…
Business confidence has been in a prolonged slump that shows no signs of clearing, survey suggests
Business sentiment in Canada remains in its long slump, according to a report by the Conference Board of Canada. The results of board’s latest survey of business leaders show that businesses remain deeply pessimistic about the economy. The Index of Business Confidence fell by 1.5 points to 86.0 in the third quarter of 2019. The…
Sales have been falling every month since August 2018: ATB
A slow economy continues to dampen the number of new vehicles being sold in Alberta, according to ATB Financial’s Economics and Research Team. In its daily economic update The Owl, the financial institution said the seasonally adjusted number of new vehicles purchased in Alberta was down by 6.1 per cent in September compared to a…
Unfilled positions add up overtime, bringing down firms' productivity levels and ultimately their ability to be profitable and to grow: CFIB
Alberta’s private sector job vacancy rate has stabilized at 2.2 per cent as the province had 35,300 unfilled jobs in the third quarter of this year, according to a report released on Thursday by the Canadian Federation of Independent Business. In the latest Help Wanted report, Alberta had the second lowest job vacancy rate in…
Karisa Marra is a business expert at Square. She works with businesses of all sizes and types across Canada: from coffee shops to landscapers to restaurants. In her role, Karisa partners with business owners to help them overcome their challenges in running and growing their business. What is Square and what does it do? Marra:…
The Consumer Price Index in the province rose by 0.5 per cent from September to October while Canada overall saw a hike of 0.3 per cent
Consumer prices in Alberta rose faster than the Canadian average in October, according to Statistics Canada. The federal agency reported on Wednesday that the Consumer Price Index in the province rose by 0.5 per cent from September to October while Canada overall saw a hike of 0.3 per cent. On a year-over-year basis, prices in…
Calgary-based energy giant Canadian Natural Resources Limited is increasing its capital expenditure to $4.05 billion in 2020, the company announced on Wednesday. With the Alberta government's recent announcement of the elimination of curtailment for some conventional drilling in Alberta, and its previously announced reduction in income tax rates, CNRL increased its 2020 capital budget by…
