U.S. trade talks key to future value of Canadian dollar

TD Economics report says energy prices are playing a decreased role in the strength of the loonie

U.S. trade talks key to future value of Canadian dollarIn spite of a strong Canadian economy and rising domestic interest rates, the Canadian dollar has been trading at a discount relative to its fundamental value, largely due to trade risks, says a report by TD Economics. “Our empirical work shows that over the last few years, non-fundamental or idiosyncratic factors are influencing the loonie…

MLS sales continue to slip in Calgary

Calgary Real Estate Board numbers show a continued rise in listings but average prices are hanging on

MLS sales continue to slip in CalgaryWith one day left in August, the trend of lower MLS sales in Calgary's residential real estate market continues. The Calgary Real Estate Board will officially announce it's data for August early next week but here's a sneak preview of what those numbers will look like. According to CREB's website, the demand for existing homes…

How the economic downturn made Brookfield Residential better

Trent Edwards talks about serving multi-generational families, baby boomers simplifying and millennials entering the market

How the economic downturn made Brookfield Residential betterTrent Edwards is chief operating officer in Alberta for Brookfield Residential. Calgary’s Business: How much of an impact did the recessions of 2015 and 2016 in Calgary have on the company? Edwards: From an overall company perspective, given the diversity of Brookfield Residential, there was no significant impact. In Calgary, we had to right-size our…

Bow Valley College, ATB Financial collaborate on skill development program

ATB turned to the college because it’s finding skills and certification gaps in its employees and job candidates

Bow Valley College, ATB Financial collaborate on skill development programBow Valley College is collaborating with ATB Financial to develop the new Agile for Product Owners micro-credentials. The college says Agile has become the management tool of choice for software and product development, as well as everyday work projects in a corporate environment. It added that it also helps manage work phases and regularly checks…

Where are all the new jobs in Alberta coming from?

While the government created 79,000 new jobs over the past four years, the private sector shed more than 46,000 jobs

Where are all the new jobs in Alberta coming from?A report from the Fraser Institute says there are more jobs Alberta today than there were four years ago. But the public policy think-tank also says there’s bad news on the labour front. Overall, it said there were nearly 79,000 new government jobs created in the past four years in Alberta. But the private sector has shed more…

Alberta small business confidence the lowest in Canada

CFIB report says hiring plans have been scaled back and 22% of owners view their businesses as being in bad health

Alberta small business confidence the lowest in CanadaAlberta’s economy may be on the road to recovery but there are still indications that the province isn’t out of the woods just yet following the 2015-2016 recession. At least that’s what Alberta’s entrepreneurs will tell you. And that’s evident in the latest Business Barometer report released on Thursday by the Canadian Federation of Independent…

New immigrants becoming key entrepreneurs in Canada

The higher self-employment rate among immigrants is due in part to their inability to find a good job: StatsCan

New immigrants becoming key entrepreneurs in CanadaA report by Statistics Canada says recent research suggests that during new immigrants’ first few years of adjustment in Canada, their business ownership rates are below those of Canadian-born entrepreneurs, but after four to 10 years in Canada, the situation has reversed. The report, released on Thursday, said that in 2010, about 5.8 per cent…

Canadian economy grew in the second quarter

Second-quarter growth was mainly driven by a 2.9% increase in export volumes: StatsCan

Canadian economy grew in the second quarterCanadian real gross domestic product (GDP) growth accelerated to 0.7 per cent in the second quarter, following a 0.4 per cent gain in the first quarter, reported Statistics Canada on Thursday. “Growth was mainly driven by a 2.9 per cent increase in export volumes — the largest gain since the second quarter of 2014. Exports…

Alberta weekly earnings fall, but still higher than a year ago

StatsCan reported today that weekly earnings in June stood at $1,142.75, down 0.2% from the previous month

Alberta weekly earnings fall, but still higher than a year agoAlberta continues to lead all province in average weekly earnings of non-farm payroll employees. Statistics Canada reported on Thursday that weekly earnings of $1,142.75 in the province in June were down 0.2 per cent from the previous month but they remained 0.7 per cent higher than a year ago. The federal agency also reported that…

Creating harmonious spaces with soul in the home

Ana Cummings of ANA Interiors strives to combine a sense of purpose, style, beauty, art and culture in her work for homeowners

Creating harmonious spaces with soul in the homeAna Cummings is owner and principal designer of ANA Interiors. Calgary's Business: Tell me about ANA Interiors. How and when did it start? What do you do? Cummings: ANA Interiors is a multiple national-award-winning full-service design and decorating firm, which was incorporated in 2016. I had practised professionally for 10 years prior to that under…