New home prices remain stable in Calgary, Edmonton

New house prices rose 0.9% year over year in May across Canada, the smallest increase since February 2010: StatsCan

New home prices remain stable in Calgary, EdmontonNew home prices in Calgary and Edmonton remained relatively stable in May, according to Statistics Canada. The federal agency reported on Thursday in its New Housing Price Index that prices in Calgary were down 0.1 per cent from April but remained the same in Edmonton. On an annual basis, new home prices in Calgary were…

Job vacancies on the rise in Alberta

Across the country, job vacancies are up in nine of the 10 largest industrial sectors. Retail alone registered a decrease: StatsCan

Job vacancies on the rise in AlbertaJob vacancies in Alberta were up 7,900 or 18.5 per cent in the first quarter, led by health care and social assistance, said Statistics Canada in a report released on Thursday. “Job vacancies were also up notably in construction; mining, quarrying, and oil and gas extraction; and administrative and support services. Between the first quarters…

Putting the personal touch back into public relations

Shauna MacDonald of Brookline PR talks about putting together campaigns that lead to measurable results

Putting the personal touch back into public relationsShauna MacDonald is principal of Brookline PR. Calgary’s Business: Tell us a little of the history of Brookline. How and when it got started and why you started the company? MacDonald: I founded Brookline in October 2004 after returning to Calgary from Boston, where I attended Boston University for my master’s and began my career…

Community pharmacies key drivers of economic activity in Canada

Nearly 10,500 community pharmacies in Canada generate $1.68 billion in benefits to all levels of government: report

Community pharmacies key drivers of economic activity in CanadaA new report by the Conference Board of Canada says the community pharmacy sector generated more than $16 billion in economic activity and supported nearly 250,000 jobs in Canada. The Pharmacist in Your Neighbourhood: Economic Footprint of Canada's Community Pharmacy Sector report, which was released on Thursday, said Ontario contributed an estimated $6.3 billion, followed by…

BMO launches Smart Branches concept in Calgary, Edmonton

New banking environment is designed to bring together advice-based services and the latest in digital experiences

BMO launches Smart Branches concept in Calgary, EdmontonBMO Bank of Montreal is launching a new format in Canada. The bank has opened its first two Smart Branches in Alberta – in Edmonton at Whyte Avenue and 104th Street and in Calgary on Shaganappi Trail. BMO said the new branch formats, which have also been introduced in the U.S. by BMO, provide a…

Hikes in prices for repeat home sales in Calgary, Edmonton

In Calgary, prices are off by 3.46% from the peak in October 2014. In Edmonton, they’re 3.75% down from the peak in September 2007

Hikes in prices for repeat home sales in Calgary, EdmontonThe prices for repeat home sales in both Calgary and Edmonton were on the positive trend of growth in June, with the capital city recording one of the biggest national monthly increases. The Teranet-National Bank House Price Index, released on Thursday, said Edmonton prices rose by 1.5 per cent in June from May while Calgary…

Calgary, Edmonton industrial real estate markets healthy

Significant drops in Alberta vacancy rates this year tracked by Colliers International

Calgary, Edmonton industrial real estate markets healthyBoth the Calgary and Edmonton industrial markets have been healthy this year as the Alberta economy slowly recovers. A report by commercial real estate firm Colliers International says “there has been steady demand for large-bay distribution centres throughout the greater Calgary area, as the city continues to establish itself as a distribution hub serving a…

Postmedia suffers $15.5-million quarterly loss

Newspaper giant says it will continue to cut costs to address revenue declines in its legacy print business

Postmedia suffers $15.5-million quarterly lossCanadian newspaper giant Postmedia suffered $15.5-million net loss in its third quarter, which ended May 31. The chain said on Wednesday that the loss, which included a $9.4 million non-cash impairment charge, compared to net earnings of $13 million in the same period in 2017. “The change was primarily the result of an increase in…

Helping Alberta drivers maintain line of site

Caleb Cummings of Calgary PPF talks about the hazards awaiting Alberta drivers and how to protect your vehicle

Helping Alberta drivers maintain line of siteCaleb Cummings is general manager of Calgary PPF. Calgary’s Business: Why are vehicle windshields so prone to chips and cracks on Calgary and Alberta roads? Cummings: For safety reasons, Alberta roads are covered in gravel and salt during the long winters. Road salt only works in temperatures above -5C, so due to Alberta’s extreme temperatures,…

Tim Hortons launches major expansion in China

Franchise joint venture agreement will see 1,500 restaurants in China in the next 10 years

Tim Hortons launches major expansion in ChinaThe iconic Canadian brand Tim Hortons is expanding into China with plans to open more than 1,500 locations over the next 10 years. The company announced on Wednesday that it has entered into an exclusive master franchise joint venture agreement with Cartesian Capital Group in China. “We have two main priorities at Tim Hortons: building…