Alberta launches new technology council to grow industry

The 16-member group will advise government as it invests in the training and education needed to grow Alberta’s tech sector

Alberta launches new technology council to grow industryA new technology council has been launched by the Alberta government in an attempt to grow the sector in the province. Brad Zumwalt, a Calgary-based venture capitalist and CEO of Zinc Ventures, will co-chair the council with Rod Skura, deputy minister of Advanced Education. The province said the 16-member Talent Advisory Council on Technology is…

Alberta’s annual inflation rate highest of all provinces

The province's Consumer Price Index rose by 3.5% in July. Nationally, the CPI rose 3.0% on a year-over-year basis: StatsCan

Alberta’s annual inflation rate highest of all provincesThe annual inflation rate in Alberta was the highest of any province in the country in July, according to Statistics Canada. On Friday, the federal agency reported that the province's Consumer Price Index (CPI) rose by 3.5 per cent during the month. Alberta also experienced the second highest rate of inflation on a monthly basis…

Alberta adding 406 post-secondary technology program seats

Calgary will get 216 seats, Edmonton 169 seats and Lethbridge 21 seats, shared among various schools

Alberta’s growing technology sector is getting a boost from the government with more than 400 new post-secondary tech program seats being added this year. “Our government is making sure more students can train, grow and graduate with the expertise needed for good jobs in Alberta’s changing economy. Investing in more seats will ensure our booming…

The changing face of banking meets new consumer needs

Susan Brown talks about how BMO is developing robust and highly-secure online and mobile banking platforms

The changing face of banking meets new consumer needsSusan Brown recently retired as senior vice-president of the Alberta and N.W.T. division at BMO Bank of Montreal. Calgary’s Business: What’s your sense the Alberta economy right now? Brown: It feels like the economy is slowly healing. We’re seeing business investment return in many sectors, which is an encouraging sign that business people are more optimistic…

Calgary’s office vacancy rate the highest in Canada

Mid-year report says Calgary sat at 23.5% office vacancy, while Edmonton’s vacancy fell to 14%

Calgary’s office vacancy rate the highest in CanadaWithout significant changes in the local economy and concrete solutions to the pipeline bottlenecks that Alberta’s energy industry faces, Calgary’s office market faces a slow recovery, says a new report by commercial real estate firm Avison Young. The Mid-Year 2018 North America and Europe Office Market Report, which was released on Thursday, said Calgary’s office…

Alberta resale housing market continues to struggle

But RBC's forecast for the province says 2019 will see a rise in sales of 4.1% year over year to 56,100 and an increases in price of 2.2%

Alberta resale housing market continues to struggleAlberta’s resale housing market is experiencing a setback this year despite further recovery in the provincial economy, says a new report by RBC Economic Research. The bank’s Canadian Housing Market Forecast Update said sales in 2018 are expected to drop by 5.8 per cent from 2017 to 53,900 units. But it says 2019 will see…

Alberta manufacturing sales make impressive jump

Alberta sales rose 3.7% in June to $6.5 billion. Across the country, StatsCan said sales rose 1.1% to $58.1 billion

Alberta manufacturing sales make impressive jumpManufacturing sales in Alberta rose an impressive 3.7 per cent in June to $6.5 billion, largely driven by higher production of petroleum and coal products following temporary shutdowns in April and May, says Statistics Canada. “Production ramp-ups in Alberta refineries, which started in May, continued into June with sales increasing by 15.4 per cent,” said…

Meeting the challenge of an evolving market for new homes

Shane Wenzel talks about how Shane Homes sets itself apart for the housing consumer in Calgary

Meeting the challenge of an evolving market for new homesShane Wenzel is president of the Shane Homes Group of Companies. Calgary’s Business: What's the general feeling in the homebuilding industry about the economy? Wenzel: It’s certainly challenging right now. We experienced a slowdown in sales in 2016 but an upswing in the market in 2017. Things looked like they were going to continue on…

Too many oil and gas opportunities left on the table

Tim McMillan of the Canadian Association of Petroleum Producers talks about the need to attract investment, spur innovation and grow jobs

Too many oil and gas opportunities left on the tableTim McMillan is president and CEO of the Canadian Association of Petroleum Producers. Calgary’s Business: How would you describe the state of the oil and gas industry right now? McMillan: We’re at a crucial point in Canada right now. Oil prices have recovered but the Canadian industry is not rebounding as fast as other oil…

Calgary housing market suffering lower sales and higher listings

Calgary Real Estate Board report says MLS sales are expected to fall by 9.7% this year. Prices are expected to be down 2.5% in the apartment sector and nearly 1% in the detached sector

Calgary housing market suffering lower sales and higher listingsThe Calgary Real Estate Board says stricter lending criteria, higher interest rates and a slow economic recovery weighed on housing demand in the city over the first half of 2018 and MLS sales have dropped off more than first anticipated. According to the board’s website on Wednesday, so far this year there have been 10,734…