BDC broadens support for entrepreneurs

The development bank is deploying $700 million to increase financing for the most promising Canadian clean-tech firms

BDC broadens support for entrepreneursA record 56,000 entrepreneurs receive support from the Business Development Bank of Canada, a 14 per cent increase from last year, according to the BDC’s 2017-2018 annual report released on Thursday. “The ambition, agility and creativity of entrepreneurs inspires us to go further, faster – because when entrepreneurs succeed, Canada succeeds. We not only boosted…

Mortgage stress test suppressing housing activity, says report

A Mortgage Professionals Canada report says the effects of federal policies are especially concerning in areas already dealing with economic instability, notably Alberta

Mortgage stress test suppressing housing activity, says reportA report by Mortgage Professionals Canada says new federal government policies are suppressing housing activity in the country. The Report on the Housing and Mortgage Market in Canada, which was released on Wednesday, also said the overall strength of consumer sentiment has been weakened by increasing interest rates and the new rules making it more…

The face-to-face grace of events that work

Wes Scott of EventWorx talks about creating business-to-business audiences and business-to-consumer marketplaces

The face-to-face grace of events that workWes Scott is president and CEO of EventWorx. Calgary’s Business: What is EventWorx and when was it formed? Scott: EventWorx is now the name behind the Atlantic Canada Petroleum Show, Oil Sands Trade Show & Conference, and Chemistry Canada. In September 2017, through a management buyout, EventWorx acquired these brands from dmg::events. We aim to…

Ride-sharing inspired app offers on-demand delivery service

Calgary-based Crowd Car's launch in Alberta will concentrate on Calgary and Edmonton, with plans to branch out to other Canadian provinces and major cities in the near future

Ride-sharing inspired app offers on-demand delivery serviceCalgary-based Crowd Source Technologies Inc. is launching an on-demand mobile platform, Crowd Car, in Alberta with plans to roll out the concept to other provinces in the near future. Victor Vrbancic, Crowd Car’s founder and CEO, said on Tuesday that the platform connects those in need of a convenient delivery service with independent drivers. The…

Sask’s Thunderchild First Nation invests $8 million with Westleaf Cannabis

Westleaf plans about 175,000 square feet devoted to production and manufacturing

Sask’s Thunderchild First Nation invests $8 million with Westleaf CannabisCalgary-based Westleaf Cannabis Inc. has received an $8-million investment from Saskatchewan’s Thunderchild First Nation. In a news release, the company said the investment makes Thunderchild the largest shareholder of Westleaf, and is accompanied by a seat being allocated to Chief Delbert Wapass on the company's board of directors. “Since its inception, Westleaf has firmly believed…

Virtual Gurus provides cost-effective support services to business

Bobbie Racette of Virtual Gurus has built a vibrant business filling the administrative needs of companies

Virtual Gurus provides cost-effective support services to businessBobbie Racette is founder and CEO of Virtual Gurus. Calgary’s Business: What's the history behind Virtual Gurus, how it came to be and when? Racette: I founded Virtual Gurus by myself. I started thinking of the idea in 2014. I really started putting pen to paper in 2015 and even did a pre-launch to see if…

Construction boom in Calgary’s industrial real estate market

CBRE report says the construction is an 'indicator that developers and institutions have renewed optimism in the recovering economy'

Construction boom in Calgary’s industrial real estate marketThere is more than 3.6 million square feet of industrial real estate in the construction pipeline, signalling the beginning of the next significant development cycle in Calgary, according to a new report by CBRE. The commercial real estate firm said several notable market moving deals in the second quarter of this year contributed to the…

Canadian universities, colleges spent $27.5 billion in 2016-2017

Provincial funding has decreased while revenue from tuition has gone up significantly in the last six years: StatsCan

Canadian universities, colleges spent $27.5 billion in 2016-2017Canada's 148 public universities and degree-granting institutions spent $27.5 billion in 2016-2017, up 1.5 per cent from $27.1 billion in 2015-2016, according to Statistics Canada. The federal agency reported on Tuesday that revenues increased 10.7 per cent, rising from $27.2 billion in 2015-2016 to $30.1 billion in 2016-2017. “Post-secondary education plays a key role in…

Calgary’s quality downtown office sites draw strong interest

But demand for secondary real estate is still dropping, as are asking rates

Calgary’s quality downtown office sites draw strong interestThe downtown Calgary office market continues to see a trend of movement to quality. And net asking rates have dropped to an historical low. A report by commercial real estate firm CBRE says the overall market in the central business district experienced 153,402 square feet of negative absorption – the change in occupied space –…

The power of humour to change workplace culture

Michael Kerr describes how to escape ‘a soul-sucking, fun-sucking, Dilbert-like work environment,’ just as he did, and raise productivity

The power of humour to change workplace cultureMichael Kerr is an international speaker and expert on humour in the workplace. Calgary’s Business: How and when did you get into this field of humour at work? Kerr: I started Humour at Work 21 years ago, after working as a senior manager in a soul-sucking, fun-sucking, Dilbert-like work environment. I knew I had to…