Canadian commercial real estate attractive to investors

Viewed globally as a safe haven, given the country's stable economic and political climate, and sound market fundamentals

Canadian commercial real estate attractive to investorsInvestors remain enthusiastic about Canada's commercial property market, despite uncertainty surrounding rising interest rates, the lateness of the investment cycle and – in particular – scarcity of available product to meet insatiable demand, says a new report by commercial real estate firm Avison Young. Canada is still viewed globally as a safe haven, given the…

Haskayne School of Business launching program to help jump-start careers

Program targeted to recent non-business graduates with no more than two years of work experience

Haskayne School of Business launching program to help jump-start careersThe Haskayne School of Business at the University of Calgary is launching a management program to help non-business graduates jump-start their careers. The Haskayne Master of Management provides an immersive 10-month experience in solving business problems with students gaining knowledge in accounting, finance, human resources, marketing, operations, strategy and entrepreneurship along the way. The school said…

Canadian Tire loyalty program adding Husky gas stations

Triangle Rewards is a no-fee loyalty program associated with Canadian Tire, Sport Chek, Mark's and Atmosphere

Canadian Tire loyalty program adding Husky gas stationsCanadian Tire is expanding its Triangle Rewards loyalty program to include Husky gas stations in the country. The company announced on Wednesday that this will give Canadians the ability to earn more electronic Canadian Tire Money (CTM). “We're thrilled to partner with Husky and expand the reach of our loyalty program, adding more than 400…

Real estate markets in surrounding areas mirror Calgary reality

Airdrie, Cochrane and Okotoks all face slowing sales and increases in new listings

Real estate markets in surrounding areas mirror Calgary realityCalgary’s resale housing market has been characterized this year by a lessening of demand in an environment featuring an elevated number of homes listed for sale. But the same story is being written in the real estate market just outside the city. In a report released this week, the Calgary Real Estate Board said Airdrie…

Calgary office vacancy rate expected to peak at around 28%

Greg Guatto of Aspen Properties believes it will be a while before another office building is built in the city

Calgary office vacancy rate expected to peak at around 28%Greg Guatto is president and CEO of Aspen Properties. What's happening in the downtown Calgary office market? Guatto: It feels like the market is stabilizing. There’s still a glut of vacancy and not much growth in the use of office space. Twelve of the past 15 quarters had negative office absorption, but now two slightly…

Sundial Growers partners with U of S for cannabis research

Project to study the effectiveness of using cannabis as a treatment for dementia

Sundial Growers partners with U of S for cannabis researchAlberta-based cannabis producer Sundial Growers is partnering with the University of Saskatchewan to research the efficacy of cannabis as a treatment for dementia. Clinical studies will be undertaken as part of the research. “With today's (Tuesday) announcement and similar collaborations with the University of Calgary and Sundial's Mitacs research initiative, we are demonstrating our commitment to becoming…

Kensington ramps up its cool factor

Annie MacInnis on how the shopping district is growing and maturing as it adds housing and continues to punch above its weight class

Kensington ramps up its cool factorAnnie MacInnis is executive director of the Kensington Business Revitalization Zone. You're talking to prospective businesses thinking of establishing a presence in Kensington. What would you tell them are the key reasons they should? MacInnis: Locating your business within a business improvement area (BIA) is a great idea because the businesses work collectively and collaboratively…

Alberta restaurant industry hit hard by minimum wage hike

‘This steep increase to labour costs is placing insurmountable pressure on many of the province’s food service operators’

Alberta restaurant industry hit hard by minimum wage hikeAlberta’s restaurant industry has released a number of statistics showing the impact of an elevated minimum wage in the province that took effect on Monday. The wage rose to $15 per hour from $13.60. Restaurants Canada said the hike represents an escalation of nearly 50 per cent (63 per cent for liquor servers) over the…

Crossing over to Dark Side Racing, at high speed

Kelly Fedorowich talks about her family's adrenalin-fuelled motorsport company and why it thrives

Crossing over to Dark Side Racing, at high speedKelly Fedorowich is owner of Dark Side Racing. Calgary’s Business: What is Dark Side Racing? Fedorowich: Dark Side Racing is a family-owned and operated Top Fuel racing team that specializes in heart-pounding, adrenalin-fuelled motorsport marketing experiences. My business partners are my husband David and our son Nikolas, and together with our Motley Pit Crew we…

Encana selling San Juan assets for US$480 million

The company said it intends to ‘deliver strong growth and generate free cash flow’

Encana selling San Juan assets for US$480 millionCalgary-based Encana Corp. announced on Monday that its wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., has reached an agreement to sell its San Juan assets in New Mexico for US$480 million to Denver-based DJR Energy LLC. “This transaction is consistent with our strategy and our objective of delivering quality returns to our shareholders. It…