High U.S. tariff ‘catastrophic’ for Canadian auto industry

More than 100,000 manufacturing jobs would be at immediate risk if tariffs of 25% were imposed: CADA

High U.S. tariff ‘catastrophic’ for Canadian auto industryThe Canadian Automobile Dealers Association says a U.S. tariff on imports of vehicles and auto parts would be “catastrophic” not only for the Canadian automotive industry but for the economy as a whole. CADA, in a report, said U.S. President Donald Trump has publicly stated that a tariff as high as 25 per cent is…

Vacancy rate drops in new rental apartment projects in Calgary

The city is expected to experience further tightening in the rental market, which will place upwards pressure on monthly rents

Vacancy rate drops in new rental apartment projects in CalgaryThe next wave of comprehensive new rental apartment projects in Calgary is not scheduled to be completed until 2019 and 2020 but the city is expected to experience further tightening, which will in turn continue to place upwards pressure on monthly rents, says a report by Urban Analytics. The research firm defines ‘newer’ as rental apartment…

Edmonton jobs jump, Calgary jobs slump

Edmonton added 5,900 positions from May. Calgary, on the other hand, saw losses of 4,600 jobs

Edmonton jobs jump, Calgary jobs slumpThe labour picture in Alberta’s two biggest cities showed contrasting directions in June, according to ATB Financial’s Economics and Research Team. In a report filed Friday, ATB said Edmonton added 5,900 positions from May and the unemployment rate ticked a 10th of a percentage point higher to 6.6 per cent. Calgary, on the other hand,…

Breaking barriers to empower women in business

Monica Kretschmer of Canadian Business Chicks talks about how to help female entrepreneurs succeed

Breaking barriers to empower women in businessMonica Kretschmer is founder and CEO of Canadian Business Chicks. Calgary’s Business: What is Canadian Business Chicks? Kretschmer: Canadian Business Chicks is a diverse community of professional and entrepreneurial women with a passion for uniting people to empower women in business, and who embrace life with courage, confidence commitment and integrity. We are a social…

WestJet announces executive changes

‘WestJet has reached a critical juncture as we look to significantly expand our global network,’ says company president Ed Sims

WestJet announces executive changesCalgary-based WestJet announced late Thursday afternoon that the airline will undergo changes to its executive leadership team. Bob Cummings, executive vice-president of strategy and guest services, will retire effective July 31 and Cam Kenyon, executive vice-president of operations, is leaving to return to the United States effective Aug. 31. The company said Charles Duncan, executive…

Canadian trade deficit widens in May

Imports of aircraft and other transportation equipment, as well as energy products, contributed the most to the increase

Canadian trade deficit widens in MayStatistics Canada reported Friday that Canada's merchandise trade deficit with the world totalled $2.8 billion in May, widening from a $1.9 billion deficit in April. “Imports rose 1.7 per cent in May to $51.1 billion, with eight of 11 product sections increasing. Imports of aircraft and other transportation equipment as well as energy products contributed…

Alberta unemployment rate inches up as more people seek work

But 2000 more positions were created in Alberta in June, to a total of 33,600 year-over-year

Alberta unemployment rate inches up as more people seek workAlberta’s unemployment rate jumped to 6.5 per cent in June, according to Statistics Canada. The federal agency reported on Friday that the rate was up from 6.2 per cent the previous month. However, the number of jobs in the province moved in a positive direction as 2000 positions were created month-over-month and 33,600 year-over-year. Nationally,…

Expansion of Calgary Stampede’s BMO Centre closer to reality

Organization hopes for good news as early as this fall regarding funding of the $500-million project by three levels of government

Expansion of Calgary Stampede’s BMO Centre closer to realityThe $500-million expansion of the BMO Centre is a priority for the Calgary Stampede and the organization hopes it gets some good news as early as this fall regarding funding by three levels of government to push that key project forward. “We currently have all three levels of government at the table working on the…

Calgary downtown office vacancy rate remains high

Local economy seems to have found its bottom and appears to have stabilized: Avison Young report

Calgary downtown office vacancy rate remains highCalgary’s downtown office market continues to struggle with its vacancy rate rising again in the second quarter of this year, according to a report by commercial real estate firm Avison Young. The report, released on Thursday, said the office vacancy rate was 26 per cent, slightly up from 25.6 per cent in the first quarter…

Turning data into practical and tangible business results

Vince Ircandia talks about how StellarAlgo is leveraging science and analytics to help sports and entertainment businesses succeed

Turning data into practical and tangible business resultsVince Ircandia is founder and CEO of StellarAlgo. Calgary’s Business: What is StellarAlgo and what does it do? Ircandia: StellarAlgo helps live audience businesses – like sports franchises – to quickly and cost-effectively organize, analyze and leverage the data they need to make successful business decisions. Our customer data platform allows organizations to easily collect,…