Calgary Co-op buying Community Natural Foods

Co-op plans to operate Community Natural Foods as an independent subsidiary, with the same commitment to local and organic products

Calgary Co-op buying Community Natural FoodsRetail grocery chain Calgary Co-op has acquired Community Natural Foods as part of the succession plan for Community Natural Foods’ owner.  “As representatives of our 440,000 members, Calgary Co-op's board is pleased support the expansion of Calgary Co-op's commitment to health and wellness, while providing Calgary Co-op members with the benefit of annual net earnings…

Canadian energy production on the decline

StatsCan said crude oil delivered by pipelines to Canadian refineries was up 9.1% to 8.6 million cubic metres

Canadian energy production on the declineEnergy production in Canada declined in several sectors in August compared with the same month in 2018, according to Statistics Canada. The federal agency reported on Monday that production of crude oil and equivalent products (-2.4 per cent), natural gas (-4.8 per cent) and coal (-5.2 per cent), as well as electricity generation (-3.6 per…

Calgary resale housing market prices still falling

But MLS sales have increased, supply is falling and the time it takes for a home to sell is decreasing

Calgary resale housing market prices still fallingThe Calgary Real Estate Board says the city’s resale housing market is moving towards more balanced conditions but it still remains oversupplied and prices continue to remain below last year’s levels. Data released by CREB shows MLS sales in October of 1,447, up 9.62 per cent compared to a  year ago. New listings fell by…

Imperial Oil production highest in 30 years

Net income down in the third quarter but company returned $512 million to shareholders through share purchases and dividends

Imperial Oil production highest in 30 yearsCalgary-based Imperial Oil announced on Friday that it had net income of $424 million in its third quarter, down from $749 million a year ago. But the company also experienced its highest third quarter production in 30 years at 407,000 gross oil-equivalent barrels per day. The company also returned $512 million to shareholders through share…

TC Energy announces West Path Delivery Program expansion

TC Energy announces West Path Delivery Program expansionCalgary-based TC Energy Corporation is moving forward with its West Path Delivery Program, a combined $1.2 billion expansion of its NOVA Gas Transmission Ltd. and Foothills Systems, which will connect with the US$335 million GTN XPress Project recently announced by TC PipeLines LP, to deliver the volumes to downstream markets.  “The West Path Delivery Program,…

Millennials lack basic home buying knowledge: survey

Average first-time buyer will take more time browsing Netflix than choosing a real estate agent

Millennials lack basic home buying knowledge: surveyA new study finds that millennials lack understanding of the total cost of buying a home and the majority hire the first real estate agent they meet. The study, by Nobul, a digital marketplace that matches homebuyers and sellers with real estate agents, found that 67 per cent of prospective millennial home buyers agree finding…

Search engine smooths your mall experience

Rashmi Aimiuwu talks about how research is increasingly important for shoppers and what Southcentre Mall has done to help

Search engine smooths your mall experienceRashmi Aimiuwu is marketing director at Southcentre Mall. What the new e-commerce tool you’ve introduced for shoppers? Aimiuwu: Search. Find. ShopNOW is an online platform developed by Oxford Properties. It has been recently introduced at some of Canada’s most successful shopping centres – including Calgary’s Southcentre Mall. Search. Find. ShopNOW brings convenience to customers by…

ATCO quarterly earnings fall from a year ago

But Neltume Ports contributed $2 million in higher earnings in the third quarter compared to the same period in 2018

ATCO quarterly earnings fall from a year agoCalgary-based ATCO announced on Thursday third quarter 2019 adjusted earnings of $74 million, or $0.65 per share, compared to $87 million, or $0.76 per share, in the third quarter of 2018. “Lower third-quarter earnings recorded in Canadian Utilities and ATCO Investments were partially offset by higher earnings in Structures & Logistics and Neltume Ports,” said…

Suncor quarterly net earnings top $1 billion

Total oil sands production during the third quarter increased to 670,000 barrels per day

Suncor quarterly net earnings top $1 billionCalgary-based energy giant Suncor is reporting net earnings of $1.035 billion ($0.67 per common share) in the third quarter of this year. That’s down from $1.812 billion ($1.12 per common share) in the corresponding quarter in the prior year. Funds from operations were $2.675 billion ($1.72 per common share) in the third quarter compared to…
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