Positive growth for Canadian economy but risks exist: report

Conference Board of Canada warns that NAFTA success is crucial to its projections

Positive growth for Canadian economy but risks exist: reportThe Conference Board of Canada is painting a rosier picture for the Canadian economy this year. On Thursday, the board released a report saying the national economy will rise by two per cent in 2018. That’s 0.2 percentage points better than its previous forecast. But the report also said risks to the forecast are “substantial…

U of C’s Haskayne School of Business helping energy startups

Twenty-five ventures to be selected for the launch of the Creative Destruction Lab Energy program

U of C’s Haskayne School of Business helping energy startupsThe University of Calgary’s Haskayne School of Business is launching a new program to help early-stage energy ventures bring their technologies to the market. This weekend, the school’s Creative Destruction Lab (CDL) Rockies will select a group of 25 ventures for the program’s launch of CDL Energy. “Calgary is already known for its pioneers and…

A century later, UFA still providing farmers with supplies and leverage

CEO Carol Kitchen talks about how UFA is part of the fabric of rural Alberta, helping agriculture feed people around the world

A century later, UFA still providing farmers with supplies and leverageCarol Kitchen is president and CEO of UFA. Calgary’s Business: What’s the United Farmers of Alberta and what does it do? Kitchen: United Farmers of Alberta (UFA) is a member-owned co-operative. We’re a progressive and diversified business that provides the products, services and solutions our owners and customers in rural communities need to successfully run…

Moderate growth forecast for Alberta economy

By 2020, the unemployment rate should fall to sub-6%, a level more in line with full employment: TD Economics

Moderate growth forecast for Alberta economyAdd TD Economics to the growing list of experts calling for moderate economic growth in Alberta this year and in the near future. In its latest Provincial Economic Forecast, the bank said the province’s economy is set to record a sharp moderation this year after tallying an impressive rebound in activity in 2017. Last year,…

Responding to the tastes of passionate foodies

Alec Wang on how Nomme has taken food delivery to a new level by focusing on local and expanding customers’ culinary experiences

Responding to the tastes of passionate foodiesAlec Wang is CEO and co-founder of Nomme. Calgary’s Business: What is Nomme? When and why was it founded? Wang: Nomme is an on-demand food delivery company. The story of Nomme began with a desire to expand culinary horizons within a group of passionate foodies who were constantly on the hunt for the newest and…

Scotiabank forecasts continued economic expansion for Alberta

Report says private-sector investment and exports will increasingly drive growth in the province

Scotiabank forecasts continued economic expansion for AlbertaA new report by Scotiabank Economics says Alberta real gross domestic product growth is expected to ease to an average of about 2.5 per cent during 2018-19 after last year’s 4.9 per cent surge. That reflects a stronger rebound than anticipated following the 2015–16 recession, and total output is now projected to surpass its 2014…

Calgary, Edmonton housing buyer’s markets, but demand slumps

Sales in the existing home market were down 7.8 per cent year over year in Calgary and by 2.6 per cent in Edmonton

Calgary, Edmonton housing buyer’s markets, but demand slumpsA new housing market scorecard by BMO Capital Markets lists both Calgary and Edmonton as being in buyer’s market conditions. The report said that sales in the existing home market were down 7.8 per cent year over year in Calgary and by 2.6 per cent in Edmonton. The report also said that average sale price…

ATB Financial lends Westleaf Cannabis funds for SK facility

Company plans 115,000-square-foot cannabis cultivation facility near Battleford

ATB Financial lends Westleaf Cannabis funds for SK facilityWestleaf Cannabis is receiving a development loan of up to $24 million from ATB Financial to build its business. “As one of the first traditional lenders to enter the cannabis space, we’re proud of our long-term partnership with ATB as it has been instrumental in bringing our Westleaf vision to life,” said Taylor Ethans, chief…

Canmore Alberta’s first four-star hotel opening in November

But it is currently taking bookings for events and small group accommodation

Canmore Alberta’s first four-star hotel opening in NovemberAn Alberta-based hotel and resort developer is getting ready to open its latest offering, signalling it continuing confidence in the province’s hospitality industry. Clique Hotels and Resorts will open Canmore’s first four-star luxury hotel, the Malcolm Hotel at Spring Creek. It plans to officially open in November but is currently taking bookings for events and…

Manufacturing sales in Alberta continue upward trend

Across Canada, sales also increased for the third consecutive month to $58.6 billion

Manufacturing sales in Alberta continue upward trendFor a third consecutive month, manufacturing sales rose in Alberta, increasing 1.7 per cent to $6.6 billion in July, says Statistics Canada. The federal agency reported on Tuesday that higher sales in the chemical products (+7.9 per cent) and electrical equipment, appliance and component (+49.9 per cent) industries were the main contributors to the dollar…