Edmonton-based Aurora to supply cannabis to consumer market

Company signs agreement with AGLC to supply up to 25,000 kilograms to the Alberta market in first six months

Edmonton-based Aurora to supply cannabis to consumer marketAurora Cannabis Inc. says it has entered into an agreement with the Alberta Gaming, Liquor and Cannabis Commission to supply high-quality cannabis products for the adult consumer use market in the province. The Edmonton-based company said it will initially allocate up to 25,000 kilograms of product for the first six months of sales to this…

Calgary’s multi-family home sales jump

An Urban Analytics report says first-time homebuyers drove demand to price-sensitive projects in the outer markets

Calgary’s multi-family home sales jumpSales in Calgary’s multi-family new home market increased by 28 per cent in the second quarter of this year from the first quarter, according to a report by market research and advisory firm Urban Analytics. The report said that while the second quarter increase indicates rising confidence, the new mortgage stress test rules implemented at the…

Oil prices expected to decline in the coming months

The latest forecast from Deloitte cites increased OPEC output and slipping international demand for oil

Oil prices expected to decline in the coming monthsGlobal oil prices are expected to recede in the coming months after reaching their highest values since 2014. The latest forecast from Deloitte’s Resource Evaluation and Advisory group says that as Organization of Petroleum Exporting Countries (OPEC) increase output and international demand for oil declines in the second half of the year, prices will fall. The…

Vancouver-based Anthem Properties buys Calgary CBC building

The developer proposes a townhome community on the site with panoramic views of the river valley and downtown Calgary

Vancouver-based Anthem Properties buys Calgary CBC buildingVancouver-based Anthem Properties Group Ltd. has bought the former CBC building just off Memorial Drive in Calgary and will use the site for a future residential redevelopment. The 2.43-acre site is located at 1724 Westmount Boulevard N.W. in the Hillhurst-Sunnyside neighbourhood. The building was vacated by the CBC last year as the national public broadcaster…

Enbridge sells natural gas business for $4.3 billion

Gathering and processing operations in Alberta and B.C. sold to Brookfield Infrastructure and partners

Enbridge sells natural gas business for $4.3 billionCalgary-based Enbridge is selling its Canadian natural gas gathering and processing business in the Montney, Peace River Arch, Horn River and Liard basins in British Columbia and Alberta. Brookfield Infrastructure and its institutional partners are acquiring the assets for $4.31 billion. The deal is subject to customary closing adjustments and receipt of regulatory approvals, said…

Helping immigrants realize their potential, one loan at a time

Windmill Microlending gives skilled immigrants a hand up as they qualify to pursue their professions in Canada, for their benefit and Canada’s

Helping immigrants realize their potential, one loan at a timeBrian Felesky is a guarantor and adviser for the Immigrant Access Fund, soon to be renamed Windmill Microlending. Calgary’s Business: Can you explain what Windmill Microlending is and what it does? Felesky: Windmill Microlending, which was until recently called Immigrant Access Fund, is a non-profit organization offering microloans of up to $10,000 to help immigrants…

Alberta, B.C. will drive Canadian economy over next two years

Across the country, manufacturing orders are climbing, infrastructure spending continues and investment is recovering, report says

Alberta, B.C. will drive Canadian economy over next two yearsAlberta will be a leader in national economic growth this year and next, according to a report by Scotiabank Economics. The report said Alberta’s economy will grow by 2.4 per cent this year, followed by 2.5 per cent growth in 2019. That follows a 4.9 per cent increase for the province in 2017. Alberta’s level…

Private radio operating revenues continue to fall

StatsCan says 2017 marked the fourth consecutive annual decrease for the industry

Private radio operating revenues continue to fallOperating revenues for Canada’s private radio broadcasting industry continue to fall. According to a report released on Wednesday by Statistics Canada, 2017 marked the fourth consecutive annual decrease for the industry as operating revenues fell by 1.9 per cent from 2016 to $1.5 billion. There were 724 private radio broadcasting stations in the country last…

Economic activity index in Alberta holds steady

Refinery outages weighed on manufacturing shipments, while retail sales pulled back

Economic activity index in Alberta holds steadyThe Alberta Activity Index held steady in April after rising to a 38-month high in March, says a report released recently by the provincial government. The index closely tracks economic activity using a weighted average of nine monthly indicators. It was updated on June 29. “Refinery outages weighed on manufacturing shipments, while retail sales pulled…

Alberta’s population growth picking up

The population stood at 4.3 million people as of April 1 after three consecutive quarters of positive interprovincial flow

Alberta’s population growth picking upAlberta’s population continues to grow at a faster rate, which is good news for the overall economy. Alberta’s population stood at 4,334,025 as of April 1, 2018, an increase of 15,253 from the previous quarter and 1.4 per cent higher than a year ago, said the provincial government in a recent economic review. “Alberta population…