Calgary resale home prices dip in September

MLS listings of homes on the market increase, sales continue sluggish pace

Calgary resale home prices dip in SeptemberSeptember continued to follow this year's Calgary resale housing market pattern. Once again, MLS sales in the city struggled as the number of homes on the market increased, sending prices downward. According to the Calgary Real Estate Board website, unofficial stats from September, show that sales of 1,272 for the month were down 12.88 per…

Husky Energy makes multibillion-dollar bid for MEG Energy

Offer being taken directly to MEG shareholders, Husky says

Husky Energy makes multibillion-dollar bid for MEG EnergyCalgary-based energy giant Husky Energy Inc. announced on Sunday a proposal to acquire all of the outstanding shares of MEG Energy Corp. for implied total equity consideration of approximately $3.3 billion, it said. In a news release, the company said the proposal values MEG at an implied total enterprise value of $6.4 billion, including the…

Working to offer an unparalleled shopping experience

Melissa Greco says Willow Park Village offers a curated mix of boutique fashion, home furnishings, cuisine, accessories and more

Working to offer an unparalleled shopping experienceMelissa Greco is with Western Securities Ltd., which owns Willow Park Village. Calgary’s Business: What’s the history of Willow Park Village? Greco: Willow Park first welcomed shoppers in 1978. At that time, the Village opened to the community with a variety of stores ranging in diverse product offerings. Over the years, Willow Park Village has…

Calgary, Edmonton housing more affordable than other major Canadian cities

Both cities fared better than Vancouver, Toronto and Montreal when it comes to the share of income needed to cover ownership costs

Calgary, Edmonton housing more affordable than other major Canadian citiesCalgary and Edmonton continue to be affordable places to own a home in Canada compared to the country’s other major metropolitan centres. The quarterly housing affordability study, released on Friday by RBC Economic Research, indicated both Alberta cities fared much better than Vancouver, Toronto and Montreal when it comes to the share of income a…

Canadian economy on upward direction in July

Support activities for oil and gas extraction rose on higher activity by rigging services: StatsCan

Canadian economy on upward direction in JulyThe Canadian economy grew by 0.2 per cent in July after essentially no change in June. Statistics Canada reported on Friday that real gross domestic product (GDP) growth was concentrated since 12 of 20 sectors were up, led by growth in manufacturing, wholesale trade, utilities, and transportation and warehousing. It also said the output of…

Tourism a growing driver of the Canadian economy

Tourism spending across the country hit $43.8 billion in the first half of 2018, up 5.7% from a year ago

Tourism a growing driver of the Canadian economyJust how important is the tourism industry to the overall Canadian economy? According to Statistics Canada, tourism spending in the country was $43.8 billion in the first half of 2018, up 5.7 per cent from a year ago. The federal agency reports that domestic revenues rose by 6.4 per cent to close to $34.5 billion…

Women hold 12% of company board positions in Alberta

That's up from 11 per cent in 2017 and eight per cent in 2014

Women hold 12% of company board positions in AlbertaA report by the Canadian Securities Administrators has found that women hold 12 per cent of board positions in Alberta, an increase from 11 per cent in 2017 and eight per cent in 2014. The CSA review included 143 TSX-listed Alberta-based companies. “We continue to highlight this information for issuers in the Alberta market as…

Mount Royal U creates space to address social or environmental challenges

Community organizations, social ventures and students can collaborate and innovate in the studio

Mount Royal U creates space to address social or environmental challengesMount Royal University has created a 5,000-square-foot space in the Bissett School of Business where community organizations, social ventures and students can collaborate and innovate to address social or environmental challenges. The Trico Changemakers Studio has received funding from Trico Homes ($500,000), the Trico Charitable Foundation ($500,000) and the government of Canada’s Post-Secondary Institutions Strategic…

Alberta small business confidence worst in Canada: CFIB

‘There is a huge need for policies that help, not hinder, small businesses’

Alberta small business confidence worst in Canada: CFIBThe Alberta economy may be on the road to a slow recovery but business owners in the province still aren’t convinced. Small business confidence in Alberta is the worst in Canada, according to the latest Business Barometer index released on Thursday by the Canadian Federation of Independent Business. “Small business owners are responding to the…

Minimum wage hike a flawed anti-poverty policy: Fraser Institute

Many minimum wage earners live with their parents and not in impoverished circumstances, says report

Minimum wage hike a flawed anti-poverty policy: Fraser InstituteThe debate over minimum wage is a heated one and a new report by Canadian public policy think-tank the Fraser Institute is sure to fuel more fire in this controversial issue. The study, Increasing the Minimum Wage in Alberta: A Flawed Anti-Poverty Policy, was released on Thursday. It said raising the province’s minimum wage will…