Category: Business/Finance

  • Statement from Minister Ceci regarding Alberta’s credit rating

    Statement from Minister Ceci regarding Alberta’s credit rating

      Joe Ceci, President of Treasury Board and Minister of Finance, issued the following statement in response to Moody’s Investor Services’ decision to re-affirm Alberta’s AAA credit rating but assign Alberta a negative outlook. “We are pleased that Moody’s has affirmed our AAA credit rating. While today’s negative outlook is another consequence of the collapse…

  • 5 Things we Know About Economic Inequality

    And why we need to act By Carolyn Shimmin, Knowledge Translation Coordinator, EvidenceNetwork.ca WINNIPEG, Man. January, 2016/ Troy Media/ – The extent of economic inequality – including what drives it and what to do about it – is hotly debated amongst policy makers, economists and political leaders. What isn’t debated is its effects on certain segments of…

  • Alberta Welcomes Collaboration that will Grow Tourism in Canada and the Province

    Alberta Welcomes Collaboration that will Grow Tourism in Canada and the Province

      Culture and Tourism Minister David Eggen issued the following statement regarding the Canadian Council of Tourism Ministers’ meeting, held in Winnipeg. “Tourism is critical to our province’s success as we work to create jobs in the short term and diversify the economy over the long term. “I enjoyed the opportunity to discuss tourism issues…

  • Suncor Energy and Canadian Oil Sands reach agreement to support acquisition

    Suncor Energy and Canadian Oil Sands reach agreement to support acquisition

    Amended offer increases exchange ratio to 0.28 of a Suncor share for each COS share Amended offer supported by COS Board and Seymour Schulich Amended offer expected to expire at 4:00 p.m. (MT) on February 5, 2016 Shareholders are urged to tender their shares (All dollar amounts referenced are in Canadian dollars) CALGARY, ALBERTA–(Marketwired –…

  • A Rocky Start to Another Tough Year for Alberta: ATB Economic Outlook

    A Rocky Start to Another Tough Year for Alberta: ATB Economic Outlook

      Calgary — The first half of 2016 is likely to be the roughest yet as the economic downturn continues in Alberta. Today, ATB Financial is releasing its latest quarterly Economic Outlook for the province, providing insight into what may happen in the months ahead. Capturing five primary economic indicators, the key results from ATB’s Alberta Economic Outlook…

  • NDP Follows Wildrose Call for Senior Management Freeze, Time to Freeze Salaries Across Government: Wildrose

      EDMONTON, AB: Wednesday, the NDP government followed Wildrose’s call for a senior management pay freeze, and now the NDP government must explore further freezes across the public sector, the Wildrose Official Opposition said. Since July 2014, senior managers have seen steady pay increases, despite the low price of oil and a record provincial deficit. The NDP…

  • Provincial Government Announces New Grants for Aboriginal Students

    Provincial Government Announces New Grants for Aboriginal Students

      Graduate and undergraduate students to benefit from $1 million in awards; application deadlines in February By Casey Blais and Veronica Vincent The Government of Alberta has provided the University of Calgary with just over $1 million in new grant money for aboriginal student awards in 2016. Alberta Innovation and Advanced Education announced two new…

  • TransCanada Lawsuit Spotlights Weak Climate Change Connection to Keystone

    TransCanada Lawsuit Spotlights Weak Climate Change Connection to Keystone

    Rejection of the pipeline was never about climate change By Kenneth P. Green and Taylor Jackson, The Fraser Institute Jan 13, 2016/ Troy Media/ – The Keystone XL saga has taken a new twist. On Jan. 6, TransCanada (the company that would have built and operated the Alberta to Texas pipeline) launched two lawsuits over U.S. President…

  • CREB® Forecasts Downward Pressure on Prices in 2016

    CREB® Forecasts Downward Pressure on Prices in 2016

    Calgary, January, 2016 – With no economic change on the horizon, demand for housing in Calgary will be weak in 2016, as sales activity is expected to fall by 2.2 per cent to 18,416 units, CREB® said today in its annual forecast. The annualized benchmark price is expected to decline by 3.44 per cent to…

  • Tax and Immigration Related Scams Hit Calgarians Hard in 2015

    Tax and Immigration Related Scams Hit Calgarians Hard in 2015

    As tax season approaches, the Calgary Police Service is once again warning Calgarians of an aggressive scam where fraudsters purport to be with either the Canada Revenue Agency (CRA) or Immigration Canada. In 2015, more than $386,875 was fraudulently obtained from 89 victims in Calgary. In addition to those who lost money, police have received…

  • Nearly Half of Albertans now Struggling to Save: ATB Investor Beat

    Nearly Half of Albertans now Struggling to Save: ATB Investor Beat

      Edmonton— While building a nest egg for retirement is a top priority for most Albertans, nearly half (48 per cent) of those who are attempting to do so said they are behind on their retirement savings goals. That’s according to the latest ATB Investor Beat. In the previous survey conducted in July, 2015, 40 per…

  • Time for NDP to Stick up for Alberta After BC Kinder Morgan Submission: Wildrose

      EDMONTON, AB: Following the B.C. government’s submission to oppose the current Kinder Morgan Trans Mountain pipeline proposal, it’s time for Premier Rachel Notley to start getting results for Alberta on the national stage that protect Alberta jobs, the Wildrose Official Opposition said (Tuesday). The National Energy Board is set to rule on the proposed…

  • Canada Summer Jobs 2016 Now Accepting Applications from Employers

    Canada Summer Jobs 2016 Now Accepting Applications from Employers

      High River, AB – Not-for-profit organizations, public-sector employers and small businesses with 50 or fewer employees looking to hire full-time workers for summer 2016 can now apply for funding under the Canada Summer Jobs (CSJ) program. CSJ creates summer job opportunities and valuable work experience specifically for youth aged 15 to 30 intending to…

  • Premier Notley’s statement on Alberta NEB submission supporting Trans Mountain pipeline

    Premier Rachel Notley issued the following statement regarding the Trans Mountain expansion project: “Earlier today, I wrote to the National Energy Board in support of the Kinder Morgan Trans Mountain Pipeline expansion project. “Our government believes this project is good for Albertans and good for all Canadians. “It will create jobs, spur economic growth, and…

  • NDP Once Again Forced to Defend Pipelines: Wildrose

      EDMONTON, AB (January 12, 2016): Following a pattern set by the NDP government in offering support for Keystone XL after it was rejected by the Obama administration, the NDP have written their support in favour of the Trans Mountain Expansion Project to the National Energy Board, but only after the B.C. government said it…