Female entrepreneurs growing 3x faster in Canada

39 per cent of all entrepreneurs that started businesses in 2018 were women

Female entrepreneurs growing 3x faster in CanadaThe number of female entrepreneurs in Canada has grown more than three times faster than the number of male entrepreneurs since 1976, according to a study released Tuesday by BDC (Business Development Bank of Canada). The study also said that 39 per cent of all entrepreneurs who started businesses in 2018 were women, and they…

Alberta, Saskatchewan lag in energy efficiency ratings

The scorecard is part of a Canada-wide database on energy efficiency policy, compiled by Efficiency Canada

Alberta, Saskatchewan lag in energy efficiency ratingsBritish Columbia nabbed first place in Canada's first-ever Provincial Energy Efficiency Scorecard, released Tuesday. Alberta ranked sixth and Saskatchewan was ninth.  The scorecard is part of a Canada-wide database on energy efficiency policy, compiled by the Carleton University-based energy efficiency advocacy organization Efficiency Canada. "Imagine thinking of all that energy waste from our homes, businesses…

Home prices in Alberta off 3.1% since 2015

The average price of a new home in Alberta was down by 1.7 per cent in September compared to a year earlier.

Home prices in Alberta off 3.1% since 2015Persistent uncertainty in the Alberta economy continues to impact the homebuilding industry. The good news for consumers is that prices of new homes are falling. Not so good news, though, for homebuilders as they struggle with a lower demand environment. According to Statistics Canada data, the average price of a new home in Alberta was…

Business Council aims to reignite economy

The Conference Board of Canada forecasts that the province’s economy will once again fall into negative territory this year

Business Council aims to reignite economyThe Business Council of Alberta has come up with 10 ideas it says will ignite the Alberta economy, which has been floundering since oil prices collapsed in the latter half of 2014. The Conference Board of Canada has recently forecast that the province’s economy will once again fall into negative territory this year. The council…

Premier heads to Texas to drum up energy investment

Premier heads to Texas to drum up energy investmentAlberta Premier Jason Kenney is in Texas this week hoping to spur energy investment in the province. His trip comes about a week after the release of a report by public policy think-tank Fraser Institute showing that Texas is more than two times as attractive as Alberta for oil and gas investment. “Our top goal…

Texas handily beats Alberta for energy investment: report

Eighty per cent of survey respondents cited uncertain environmental regulations as a deterrent to investing in Alberta

Texas handily beats Alberta for energy investment: reportTexas is more than two times as attractive as Alberta for oil and gas investment, according to a survey of petroleum-sector executives released on Thursday by the public policy think-tank the Fraser Institute. In a ranking of 20 North American jurisdictions, which included 15 U.S. states and five Canadian provinces, Texas came out on top…

Oil drilling industry pressures Ottawa

Industry blames ‘punitive’ federal policies and regulations for its struggles

Oil drilling industry pressures OttawaFollowing the federal election in October, the sentiment toward Canadian oil and gas is nearing all-time lows, says a report by the Canadian Association of Oilwell Drilling Contractors. The association says that since 2017 the industry has lost an estimated $30 billion in foreign capital, and companies continue layoffs and relocation efforts. It says its…

Alberta economy still struggling, reports suggest

ATB, Conference Board of Canada sound alarms about struggling businesses, investment decline

Alberta economy still struggling, reports suggestAfter a phenomenal rate of economic growth between 2010 and 2014, when Alberta’s real gross domestic product grew by an average of 5.4 per cent per year, the provincial economy contracted by 3.7 per cent in 2015 and by another 3.5 per cent in 2016. This downturn erased $37.5 billion of economic output over just…

Small businesses vital to Canadian communities: poll

CFIB urges government to make policy changes that support entrepreneurs

Small businesses vital to Canadian communities: pollMore than nine in 10 Canadians say that small businesses are vital to their communities, according to a public opinion poll released on Wednesday by the Canadian Federation of Independent Business (CFIB).  “Canadians value entrepreneurs and the contributions they make to their communities. One in two are even considering starting a business one day,” said…

Business, personal insolvencies on the rise in Alberta

Across the country, the number of businesses that failed in the past 12 months was up 4.1% from a year earlier

Business, personal insolvencies on the rise in AlbertaThe slowing Canadian economy has resulted in the first year-to-year increase in business insolvencies in almost two decades, according to data released by the Office of the Superintendent of Bankruptcy (OSB). In a news release, Canadian Association of Insolvency and Restructuring Professionals (CAIRP), said business filings have increased by 9.9 per cent from a year…