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…

Wholesale sales reach record high of $7.3 billion in Alberta

The province reported its fifth increase in six months, rising by 6.7%. Agriculture contributed significantly to the gains

Wholesale sales reach record high of $7.3 billion in AlbertaWholesale sales in Alberta reached a record high in May. Statistics Canada reported on Monday that the province reported its fifth increase in six months, rising by 6.7 per cent to $7.3 billion. It also said that Alberta contributed the most to a national increase, which saw the sector reach a record of $63.7 billion…

Albertans spent more than $770 million eating out in May

Nationally, StatsCan says sales in the food services and drinking places sector rose by 1.9% to $5.9 billion

Albertans spent more than $770 million eating out in MayAlbertans aren't losing their appetite for eating and dining out. According to data released on Monday by Statistics Canada, sales in the food services and drinking places sector rose to $772.7 million in May, up 0.6 per cent from April. Sales were also up 0.1 per cent from May 2017. Nationally, the federal agency said…

Nancy Drew and her quest for sustainable happiness

For consultant Nancy Drew, success must be based on passion, commitment and knowing you’d do what you do for free

Nancy Drew and her quest for sustainable happinessNancy Drew, formerly of Calgary, is now based in California as a management consultant, speaker and corporate trainer. Calgary’s Business: Can you explain what you do now? Drew: I teach, for my own company and UC of San Diego School of Management, time management and work-life balance, leading effective meetings and practice management. I teach…

Alberta’s annual inflation rate among highest in country

StatsCan says seven of eight major components rose nationally, led by transportation. Household operations and furnishings was the lone major component to decline

Alberta’s annual inflation rate among highest in countryThe annual inflation rate in Alberta was the second highest among provinces in June – trailing only Prince Edward Island. Statistics Canada reported Friday that consumer price inflation in Alberta rose by 2.8 per cent year over year. P.E.I.’s annual inflation rate was 2.9 per cent. According to the federal agency’s data, the Consumer Price…

Alberta retailers enjoyed a healthy May

Sales in the province climbed to just under $7 billion for the month, up 2% from April and up 3.7% year over year

Alberta retailers enjoyed a healthy MayMay was a good month for retailers in Alberta. According to Statistics Canada, retail sales in the province climbed to just under $7 billion for the month, which was up two per cent from April and a hike of 3.7 per cent year over year. Across Canada, the federal agency said on Friday, retail sales…

WestJet/Delta Airlines’ joint venture expands reach

The deal will provide substantial service to more than 30 cities covering over 95 per cent of U.S.-Canada demand

WestJet/Delta Airlines’ joint venture expands reachDelta Air Lines and Calgary-based WestJet announced on Thursday that the two companies have signed an agreement to create a comprehensive trans-border joint venture that will offer customers an extensive route network within the U.S. and Canada. “WestJet continues its drive toward becoming a global airline, and the signing of this agreement marks a major…

Has Calgary’s downtown office market hit its bottom?

A new report by commercial real estate firm Cresa says most of the vacancy rate bleeding has stopped

Has Calgary’s downtown office market hit its bottom?Has the Calgary downtown office market hit its bottom? A new report by commercial real estate firm Cresa says the vacancy rate for the market edged up 0.5 per cent from the previous quarter, reaching 24.95 per cent in the second quarter of this year. “Five years ago in Calgary, when office occupancy neared 97.5…

Vincenzo Aliberti is shaping Calgary’s leaders of the future

Vincenzo Aliberti talks about how Empowering Minds gives young people the confidence and resilience to be successful

Vincenzo Aliberti is shaping Calgary’s leaders of the futureVincenzo Aliberti is executive director of Empowering Minds. Calgary’s Business: What is Empowering Minds? When did it get started? And how many youth has the organization touched since its inception? Aliberti: Empowering Minds is a Calgary-based not-for-profit that provides youth and educators with proven and innovative youth programs that develop the confidence, resiliency and focus necessary…