Hard times for Calgary’s luxury home market

Industry and consumer confidence faltering in light of the city’s rising unemployment rate

Hard times for Calgary’s luxury home marketCalgary’s luxury home market is confronting new economic headwinds that that threaten its recovery this fall, says a new report by Sotheby’s International Realty Canada. Brad Henderson, President and CEO of Sotheby’s, said recovery in Calgary’s top-tier real estate market has remained unsettled, in parallel to the city’s economic progress. In recent months, industry and…

SAIT’s School of Business offers students a different experience

Dean Janet Segato talks about how being a global leader in applied education pays dividends for students

SAIT’s School of Business offers students a different experienceJanet Segato is dean of the School of Business at the Southern Alberta Institute of Technology. Calgary’s Business: What’s new for the School of Business this year? Segato: It’s going to be an exciting year at SAIT as our momentum continues. The work we’re doing at the SAIT School of Business has a singular focus…

Sundial Growers, feds supporting cannabis research

University of Lethbridge team to examine impact on inflammation, as well as study potential anti-cancer properties

Sundial Growers, feds supporting cannabis researchAlberta-based Sundial Growers has received a research grant to study and genetically map more than 100 cannabis cultivars. The company announced on Tuesday that Sundial is contributing $247,500 to the research and that is being matched by a grant from the federal government’s Mitacs Accelerate Program. University of Lethbridge professors Drs. Igor Kovalchuk and Olga…

Home equity lines of credit untapped by Canadian homeowners

But CMHC warns that tapping into your home equity can lead to greater indebtedness and wealth erosion

Home equity lines of credit untapped by Canadian homeownersAbout one in three home equity lines of credit (HELOC) are untapped in Canada and balances are significantly below the maximum available borrowing limit, according to a report released on Tuesday by Canada Mortgage and Housing Corp. CMHC said more than three-quarters of household debt is backed by real estate. It cited data from Equifax…

Calgary Chamber launches Inspire leadership series

Dianne Wilkins of Critical Mass kicks off series on Thursday at Mount Royal University

Calgary Chamber launches Inspire leadership seriesThe CEO of one of Calgary’s most successful companies will kick off a new  leadership series of dynamic speakers presented by the Calgary Chamber. Dianne Wilkins heads up Critical Mass, a design agency with more than 950 employees and offices in 11 cities and six countries. “Calgary’s entrepreneurial environment has helped to launch incredibly unique and…

Middle managers key to driving employee engagement

But only one-third of middle managers are highly engaged and that trickles down, says the Conference Board of Canada

Middle managers key to driving employee engagementA new report by the Conference Board of Canada says Canadian companies should focus on middle managers to drive employee engagement. The report, Employee Engagement: Driving Engagement From the Middle, was released on Tuesday. It says that as middle manager engagement scores improve, so do the scores of their employees. In fact, employees who work…

Albertans appetite for eating out continues unabated

Increased sales across the country can be partially attributed to many summer festivals with favourable weather

Albertans appetite for eating out continues unabatedEven though the economy is still struggling and recovering slowly, people in Alberta continue to have an appetite for eating and drinking out. Sales in the food services and drinking place sector continue to rise in the province. On Tuesday, Statistics Canada reported that those sales climbed to $798.9 million in July, up 0.8 per…

Block Talk works to put the community concept back into people’s lives

Michael Murray talks about how his app sends real-time messages from where you live, work and play

Block Talk works to put the community concept back into people’s livesMichael Murray is founder of Block Talk. Calgary’s Business: What’s Block Talk? Murray: Block Talk is an app for your phone. You should download it to send and receive urgent safety alerts specific to the communities you choose to follow. It has five other categories of communication, including a platform to communicate non-urgent crime such…

Women-owned enterprises take on increased role in Canada

The number of women-owned enterprises and the employment in these enterprises increased faster than men-owned enterprises

Women-owned enterprises take on increased role in CanadaA new Statistics Canada study says there were 275,300 women-owned enterprises on average each year from 2005 to 2013 throughout the country, employing 828,700 workers. The federal agency reported on Monday in its Women-owned Enterprises in Canada study that women-owned enterprises accounted for 18 per cent of all private enterprises and 15 per cent of…

Wholesale sales hit $7-billion mark in Alberta

The machinery, equipment and supplies subsector contributed the most to the July gain: StatsCan

Wholesale sales hit $7-billion mark in AlbertaWholesale sales in Alberta hit the $7-billion mark in July, according to Statistics Canada. The federal agency reported on Monday that sales increased for the third time in five months, up 2.5 per cent in July. “The machinery, equipment and supplies subsector (+4.9 per cent) contributed the most to the gain. The gain in this…