Focusing on the opportunities for growth

Danilo Terra of ATB Financial’s equipment finance team talks about overcoming hurdles to success and the green shoots of reinvention and new industry that await Alberta

Focusing on the opportunities for growthDanilo Terra is director of equipment finance at ATB Financial. Can you explain what your role is with ATB Financial?  Terra: I believe Alberta business should have the equipment required for success and my job is to do my best to provide them with the capital they need. Here in the equipment financing group for…

Artificial intelligence will kill jobs – and create them

Automation increases labour productivity and so raises the income levels of workers, who in turn acquire new skills to use and advance automation

Artificial intelligence will kill jobs – and create themEver since the Industrial Revolution, the automation of tasks once done by humans has raised fears about machines putting humans out of work and creating mass poverty. Happily, history has repeatedly proven the doomsayers wrong. While automation has certainly led to declines in entire industries (and employment in those industries), the relationship between automation and…

Calgary industrial real estate development ramps up

Many occupiers are beginning to value quality of real estate over location: CBRE report

Calgary industrial real estate development ramps upDespite steady industrial real estate market activity, new inventory pushed the availability rate to its highest level in two years in the second quarter of this year, says a new report by CBRE Ltd. The report said the quarter had steady activity with 512,305 square feet of positive absorption – the change in occupied space.…

Manufacturing sector continues to rise in Alberta

Gain mostly attributable to higher sales in the petroleum and coal product and chemical industries, said StatsCan

Manufacturing sector continues to rise in AlbertaAlberta’s manufacturing industry and the province’s economy has experienced another positive month. Statistics Canada reported on Wednesday that manufacturing sales in Alberta increased for the fifth consecutive month, rising 2.2 per cent to $7 billion in May. “The gain was mostly attributable to higher sales in the petroleum and coal product (+3.8 per cent) and…

BDC Capital launches $250-million Industrial Innovation Venture Fund

Will support innovative and transformative technologies, processes and business models across sectors

BDC Capital launches $250-million Industrial Innovation Venture FundBDC Capital, the investment arm of BDC (Business Development Bank of Canada), is launching the $250-million Industrial Innovation Venture Fund to invest in tech companies and entrepreneurs. In a news release on Tuesday, it said it is accelerating the transformation of core Canadian industries, including agriculture and food technologies, resource extraction technologies and advanced manufacturing.…

Creating exceptional homes in workforce lodges

Rod Graham of Horizon North talks about why quality and consistency pays off when housing workers

Creating exceptional homes in workforce lodgesRod Graham is president and chief executive officer of Horizon North. What does Horizon North Logistics do? Graham: Horizon North has two sides to our business. Our industrial services division has been a key part of our business since our inception in 2006, providing workforce accommodations, camp management services, access solutions, maintenance services and utilities.…

Mining permit waits hamper Canadian development

Exploration is the critical first stage in mining development. Yet many provinces don't meet their own guidelines

Mining permit waits hamper Canadian developmentEvery year, the Fraser Institute publishes a survey of senior mining company executives that assesses policy environments around the world and the mineral potential of jurisdictions. Those two components are used to create an investment attractiveness index. One thing miners repeatedly tell us is that they’re concerned about obtaining exploration permits: how long does it…

Alberta manufacturing sales up 12% from last year

Even though sales took a break in August, manufactured goods in Alberta are expected to perform strongly for the rest of 2018

Alberta manufacturing sales up 12% from last yearManufacturing sales in Alberta fell 0.8 per cent in August to $6.6 billion, following three consecutive monthly increases. Statistics Canada said on Wednesday that most of the decrease stemmed from lower sales in the petroleum and coal products (-3.5 per cent), electrical equipment, appliance and component (-24.6 per cent) and primary metal (-9.2 per cent)…

Staying hungry to find solutions for customers

Iggy Domagalski of Tundra Process Solutions talks about why its important to always keep earning your customer's business

Staying hungry to find solutions for customersIggy Domagalski is CEO of Tundra Process Solutions. Calgary’s Business: What is Tundra Process Solutions and what do you do? Domagalski: Tundra Process Solutions is a leading supplier of industrial valve, measurement and process control solutions in Western Canada. Our partnerships with Toshiba, ABB, MSA, Farris and other leading manufacturers, combined with our in-house technical…

Jobs and careers in the ‘fourth industrial revolution’

The fourth industrial revolution will have the greatest impact on routine tasks. A flexible, well-educated and suitably trained workforce will be critical

Jobs and careers in the ‘fourth industrial revolution’By Jock Finlayson and Kristine St.-Laurent Business Council of B.C. The work world is being transformed by rapidly evolving digital technologies as we march into what many are calling the “fourth industrial revolution.” With disruptive technologies pushing the frontiers of automation, some of the comparative advantages humans traditionally have enjoyed relative to technology are eroding. Computers…