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…

How craft breweries build communities

Jim Button of Village Brewery talks about how local breweries should keep their focus close to home to be successful

How craft breweries build communitiesJim Button is co-founder of Village Brewery. Calgary’s Business: What was the spark that made you start Village Brewery? Button: I remember working at Sears in the early 1980s and saying to my pal Scott that one day I was going to own a bar. At that time I was working dock pickup and customers and employees…

Sundial’s cannabis cultivating plant in Olds receives licence

The facility will have 140 individually-controlled cultivating rooms and the company will employ 500 people

Sundial’s cannabis cultivating plant in Olds receives licenceA cannabis cultivating plant in Olds has received its licence from Health Canada for the first phase of its 500,000-square-foot facility. “Receiving this licence is one of Sundial's most significant milestones to date and I am extremely proud of our team's commitment to develop and execute this important project,” said Torsten Kuenzlen, Sundial’s CEO. “We…

Record pace for Canadian investors acquiring foreign bonds

The level of investment in 2018 has already surpassed the record investment for one year set in 2006: StatsCan

Canadian investors are acquiring foreign bonds at a record pace. A report released on Monday by Statistics Canada showed that Canadian investment in foreign securities totalled $13.1 billion in July, following an $11.2 billion investment in June. “Canadian investment in foreign debt securities reached a record $13.9 billion in July. Acquisitions of non-U.S. foreign bonds…

New motor vehicle sales trend lower in July in Alberta

StatsCan said there were 19,595 sales in Alberta, which was down from 21,791 sales in July 2017

New motor vehicle sales trend lower in July in AlbertaJuly proved to be a tough month for auto dealerships in Alberta. Data released on Monday by Statistics Canada showed sales in the province and total dollar volume dipped from a year ago. In July, the federal agency said there were 19,595 sales in Alberta, which was down from 21,791 sales in July 2017. The…

Canadian average net worth growing but interest rates a challenge

‘Canadians paid $9.0 billion more in interest charges in 2017 than they did the prior year,’ says Environics Analytics report

Canadian average net worth growing but interest rates a challengeAverage household net worth in Canada continues to grow but higher interest rates are putting increased pressure on discretionary spending, according to a new report released Monday by Environics Analytics. “For many Canadians the rising interest rates over the past year have already cost them the equivalent of an extra mortgage payment,” said Peter Miron,…

Calgary and Edmonton real estate markets remain sluggish

In Calgary the benchmark real estate price was down 2.24 per cent from a year ago. In Edmonton, it was down 2.07 per cent

Calgary and Edmonton real estate markets remain sluggishHouse prices can help tell you what’s happening in a local economy. A good indication of that came out on Monday when the Canadian Real Estate Association released its monthly MLS data for August. The report showed that in Calgary the benchmark price, which reflects the typical property in a market, was $426,800 for the…

Taking the stress out of moving

Nate Edwards talks about how Virtuo’s tech-enabled service saves customers time and eases headaches

Taking the stress out of movingNate Edwards is co-founder and managing partner of Virtuo. Calgary’s Business: What is Virtuo and when was it founded? Edwards: Virtuo is a tech-enabled customer experience company that makes transitioning and settling into a new home simple and stress free. We save homebuyers more than 40 hours of their time by facilitating everything for them,…

Clay Riddell, Flames co-owner and Calgary businessman, dead at 81

‘We mourn the passing of a great man of industry, sports, philanthropy and human decency,’ said Calgary Flames vice-chairman and CEO Ken King

Clay Riddell, Flames co-owner and Calgary businessman, dead at 81Clay Riddell, a prominent Calgary businessman and part owner of the Calgary Flames, has died at the age of 81. The National Hockey League team announced the passing of one of the city’s most successful and well-known executives on its website. “We mourn the passing of a great man of industry, sports, philanthropy and human…

Youth hit hard by the 2008-2009 recession

Full-time students had notable employment declines that they still haven't recovered from: StatsCan

Youth hit hard by the 2008-2009 recessionThe participation and employment rates of full-time students aged 15 to 24 registered notable declines following the 2008-2009 recession, says a report released on Friday by Statistics Canada. “In fact, this group experienced the largest decrease in the participation and employment rates among youth, which wasn't completely offset some nine years later,” said the report…