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…

Self-employment on the rise in Alberta

The uptick in self-employment is arguably a much better sign than an overall decrease in jobs: ATB

Self-employment on the rise in AlbertaWith thousands of people laid off in Alberta in recent years due to a punishing recession, it’s not surprising to hear that self-employment has risen in the province. A report by ATB Financial’s Economics and Research Team says self-employed Albertans represent 17 per cent of all workers in the province and this sector of the…

Greenhouse gas emissions from Canadian oil sands production falling

IHS Markit report says that over the last eight years, emissions fell 21% and it predicts further future improvements

Greenhouse gas emissions from Canadian oil sands production fallingThe level of greenhouse gas emissions from Canadian oil sands production is falling. A new report by research firm IHS Markit says the emissions intensity of upstream Canadian oil sands production will continue to decline in coming years, falling to 30 per cent below 2009 levels by 2030. “The Canadian oil sands have a demonstrated…

Canadians hold $1.69 in debt for every $1 of disposable income

Household credit market debt totalled $2,166.0 billion in the second quarter

Canadians hold $1.69 in debt for every $1 of disposable incomeCredit market debt as a proportion of household disposable income continues to increase in Canada but at a slower pace, according to a report released on Friday by Statistics Canada. The federal agency said household credit market debt (consumer credit, and mortgage and non-mortgage loans) totalled $2,166.0 billion in the second quarter. Mortgage debt reached…

BMO launches loan program to help young farmers

‘We see a need for programs and incentives to attract and support younger Canadians into the sector’

BMO launches loan program to help young farmersBMO Bank of Montreal has introduce a new loan program to support young Canadians in agriculture. BMO says the program is a first for a Canadian chartered bank. The bank said the BMO Young Farmer Program offers loans of up to $1 million in an environment where the total number of farm operators in the…

‘It’s not voodoo – social media takes persistence’

Samantha Paterson, a social media manager at the University of Calgary, talks about how to get the most out of digital marketing

‘It’s not voodoo – social media takes persistence’Samantha Paterson is a social media manager at the University of Calgary and an instructor in Continuing Education. Calgary’s Business: How did you get into social media as a career and what’s the appeal for you? Paterson: During the 2000s in my ed-tech career, I was an early adopter of customer advocacy marketing, including online…

Alberta economy bouncing back: TD report

Report cites oil recovery, growing diversification and resilience. But it warns there are hurdles ahead

Alberta economy bouncing back: TD reportTD Bank Group is predicting Alberta's economy will likely return to a fully-recovered state within the next year, but several challenges cloud the province's longer-term outlook. “We've observed Alberta is in a place with potential to reassert itself as an economic engine of Canada,” says Derek Burleton, vice-president and deputy chief economist of TD Bank…

RV-rent entrepreneurs persevered until business was rolling

It took Chad and Cherie Ball of Wheel Estate years to get their business on the road, but they refused to abandon their dreams

RV-rent entrepreneurs persevered until business was rollingChad and Cherie Ball are owners of Wheel Estate. Calgary’s Business: What is Wheel Estate and how did the company come into being? Chad and Cherie: Wheel Estate is a peer-to-peer RV trailer sharing marketplace. We efficiently connect people who would like to rent a travel trailer with owners whose trailer would otherwise go unused, backing…

Value of Canadian pension funds on the rise

More than 6.2 million Canadian workers belonged to employer-sponsored pension plans in the first quarter of this year: StatsCan

Value of Canadian pension funds on the riseThe market value of assets held by Canadian trusteed pension funds totalled $1.9 trillion in the first quarter of 2018, up three per cent from the fourth quarter of 2017 and 5.7 per cent higher year over year, said Statistics Canada on Thursday. It said that over 6.2 million Canadian workers belonged to employer-sponsored pension…

Repeat home sale prices off their peaks in Calgary, Edmonton

Home prices for repeat sales in Canada reached their peak in August, but the Calgary and Edmonton continue to struggle

Repeat home sale prices off their peaks in Calgary, EdmontonHome prices for repeat sales in Canada reached their peak in August, but the Calgary and Edmonton markets continued to struggle. According to the Teranet–National Bank National Composite House Price Index, prices in 11 metropolitan markets in Canada rose by 0.24 per cent from July as individual market indexes were up in eight of those…