Calgary sees job losses in August; Edmonton employment spikes

Calgary’s unemployment rate rose to 8.2% in August from 7.9% in July while Edmonton’s dipped to 6.4% from 6.5%

Calgary sees job losses in August; Edmonton employment spikesLabour force data released on Friday by Statistics Canada continues to show distinct differences between Alberta’s two major cities. Calgary’s employment market continues to struggle while Edmonton is heading in a positive direction. The federal agency reported that Calgary’s unemployment rate rose to 8.2 per cent in August from 7.9 per cent in July while…

Sage budget advice for Albertans coping with a sluggish economy

Grant Thornton insolvency trustee Freida Richer: ‘If there's no room in the budget, don’t spend’

Sage budget advice for Albertans coping with a sluggish economyFreida Richer is a licensed insolvency trustee with Grant Thornton Limited. Calgary’s Business: What’s the state of consumer debt in Alberta these days? Richer: As of June 2018, Albertans continued to carry the highest average consumer debt in the country, excluding mortgage debt, at $28,155. Although it’s moving in the right direction, the economic recovery…

Restoring balance to the real estate market

Elton Ash of RE/MAX says that despite the shortcomings of government policy, homebuyers are returning to the market

Restoring balance to the real estate marketElton Ash is regional executive vice-president at RE/MAX of Western Canada. Calgary’s Business: What impact has the mortgage stress test had on housing markets in Western Canada this year? Ash: The B-20 stress test has definitely slowed the real estate residential markets across Canada. It was introduced by the federal government and came into effect on…

Calgary Farmers’ Market to open second location

New west-end outlet will be in the market-oriented component of the Greenwich project along Hwy 1

Calgary Farmers’ Market to open second locationThe Calgary Farmers' Market is planning a second location in the city, in the massive Greenwich mixed-use development along Hwy 1, across from WinSport, formerly known as Canada Olympic Park. The new location will be 50,000 square feet and is scheduled to open in the spring of 2020. “This new location has been a dream…

Restaurant industry expects tough year ahead

Increased sales the result of higher prices, not a significant boost in traffic across the country

Restaurant industry expects tough year aheadThis is shaping up to be the toughest year for food service operators since 2011, according to a report by Restaurants Canada. The association, which represents food service and hospitality businesses across the country, said overall food service sales in Canada were five per cent higher during the first six months of 2018 than during…

Building permits head in opposite directions in Calgary and Edmonton

July values reached $508.2 million in Calgary, up 13% from June. But the Edmonton values dropped 22.3% to $383.2 million

Building permits head in opposite directions in Calgary and EdmontonIt was a tale of two cities in July between Calgary and Edmonton when it came to building permits. A report released on Thursday by Statistic Canada indicated the value of building permits in the two major Alberta centres went in opposite directions for the month. For the Calgary census metropolitan area, permit value reached…

United Way launches fall fundraising campaign

Calgary’s corporate and business community is expected to once again step up to the plate. Last year the Calgary and area campaign raised $52.6 million

United Way launches fall fundraising campaignCalgary’s corporate and business community is expected to once again step up to the plate as an integral supporter of the United Way of Calgary and Area, which has launched its annual fall fundraising campaign. The Calgary and area campaign raised $52.6 million last year. The campaign runs until the end of the year. Karen…

SMEs struggling to find new employees

Six in 10 entrepreneurs said labour shortages mean existing staff must work more, while 47% said they have had to raise wages

SMEs struggling to find new employeesWorker scarcity will remain a problem for Canadian small and medium-sized businesses for at least a decade, says a new report by the Business Development Bank of Canada. The report, released on Wednesday, said 39 per cent of SMEs are struggling to find new employees. “Labour shortages are affecting growth for many Canadian businesses, and…

Post-secondary tuition fees on the rise across Canada

But in Alberta, fees for undergraduate programs rose by just 0.1%; graduate program tuition was unchanged in the province

Post-secondary tuition fees on the rise across CanadaIt’s becoming more expensive to get a post-secondary education in Canada. Statistics Canada reported on Wednesday that tuition fees increased for undergraduate and graduate students for the 2018-2019 academic year. It said tuition for undergraduate programs for Canadian full-time students was, on average, $6,838 in 2018-2019, up 3.3 per cent from the previous academic year.…

Increased debt a heavy burden on Albertans

Survey shows 38% of Albertans say they spend all of or more than their net pay

Increased debt a heavy burden on AlbertansAn increased level of debt is placing a heavy burden on Albertans. A survey released on Wednesday by the Canadian Payroll Association says 44 per cent of Albertans are living paycheque to paycheque and 43 per cent say they are overwhelmed by debt. It also said 60 per cent of Albertans expect their local economy…