Category: Business/Finance

Alberta Focused on Fiscal Restraint

Despite positive second quarter results, declining oil prices require government to be diligent in fiscal planning. Oil prices continued to slide this week, with West Texas Intermediate (WTI) closing at $74.09 US per barrel yesterday. With ongoing uncertainty with global prices, the Prentice Government continues to be focused on making decisions based on sound, conservative…

November 28, 2014
Senator Doug Black calls for supportive environment for LNG industry

OTTAWA, Nov. 26, 2014 – In remarks before the Senate of Canada, Alberta-elected Senator Doug Black is calling on the federal government to assess how it can create conditions to support the growth of the liquefied natural gas (LNG) sector. “At the federal level we should consider what we can do to assist LNG development,”…

November 28, 2014
Canadian Angus Association Seventy-Five Year Long Term Recognition Awards handed out at Royal Winter Fair

Calgary, AB – The Canadian Angus Association (CAA) introduced 50 and 75 year awards to recognize those breeders who have been a member of the Association for 50 or 75 consecutive years. The long dedication of these producers to the Angus breed is essential to the overall success of the beef industry. The recipients of…

November 28, 2014
BDC: 9 Steps to Finding Angel Investors for your Business

Angel investors are wealthy, experienced businesspeople who invest their time and money in your high-growth business in exchange for equity. “There are anywhere from 20,000 to 50,000 angel investors in Canada,” says Yuri Navarro, Executive Director of the National Angel Capital Organization (NACO). “Beside the visible community, there are many who invest, but who don’t…

November 27, 2014
Public Meeting in Black Diamond: Tim Horton’s Proposal

On Tuesday, December 2nd at 7pm at the Griffiths Centre, there will be a presentation and open discussion on the proposal to develop a Tim Horton’s in Black Diamond. This is a perfect opportunity to learn about the background and the issues. All are welcome to attend and share your views. The meeting has been…

November 27, 2014
AFPA 2nd Quarter Results

Strong lumber sector boosts Alberta forest products industry… Revenues rise 10% in Q2-2014Edmonton, November 20, 2014 – Values of lumber, pulp and paper, and panelboard manufactured by Alberta Forest Products Association (AFPA) members totaled approximately $728 million for the 2nd quarter of 2014. The value of production was up $67 million or 10% from the…

November 24, 2014
Senator Doug Black says innovation key to unlocking market access for Canada’s resources

CALGARY, Nov. 21, 2014 – In remarks before a meeting of business and political leaders at the 3rd Annual Canadian Economic Club’s Energy Summit, Alberta elected Senator Doug Black says innovation is fundamental to the future success of the Canadian energy industry. “We will not achieve our market access goals in Canada if we do…

November 22, 2014
Solid second quarter puts ATB on pace for banner year

Edmonton, Calgary and 240 other Alberta communities – Strong growth in the number of customers along with more loans and deposits added up to solid second quarter results for ATB Financial. ATB posted a net income of $81.7 million for the quarter ending September 30, 2014, just shy of the record profit ATB recorded in…

November 22, 2014
CNBC: Keystone Pipeline Bill Passes House of Representatives

By Javier E. David, Senior editor The GOP-led House passed a bill Friday to allow construction of the long-delayed Keystone XL oil pipeline from Canada. In a vote fraught with politics and overshadowed by the Louisiana Senate runoff, the House approved the pipeline by a wide margin, with 31 Democrats joining 221 GOP members to…

November 14, 2014
Premier Prentice statement on Energy East application

Premier Jim Prentice issued the following statement regarding TransCanada’s Energy East Pipeline application to the National Energy Board. “The Energy East Pipeline represents a true nation-building project. Today’s application for approval is a significant step towards getting full market value for Canada’s resources, and will help the country realize its economic potential.” “Not only will it connect the oil resources of…

November 13, 2014
AUMA welcomes ReNewed Federal Gas Tax Agreement

Edmonton – Monday’s signing of the renewed Federal Gas Tax Fund agreement brings positive news for Alberta’s urban municipalities. “This model is one that AUMA’s members have been looking for, because it is indexed for growth,” said AUMA President Helen Rice. “This long-term commitment means municipalities can plan and prioritize their infrastructure projects.” The renewed…

November 13, 2014
PM Wrapped-up Third Official Visit to China Yesterday

Prime Minister Stephen Harper wrapped-up his third official visit to China (on Monday). While in Beijing, the Prime Minister and China’s Premier Li Keqiang agreed to a series of initiatives under the Canada-China Joint List of Outcomes 2014, including the establishment of an economic and financial strategic dialogue to enhance Canada-China commercial ties and the…

November 11, 2014
Federal funding flowing to Alberta communities

Canada’s Gas Tax Fund supports local infrastructure priorities throughout Alberta The Hon. Jason Kenney, Minister of Employment and Social Development and Minister for Multiculturalism, the Hon. Rona Ambrose, Minister of Health, Regional Minister for Northern Alberta and the Hon. Diana McQueen, Minister of Municipal Affairs for Alberta celebrated today a renewed federal Gas Tax Fund…

November 10, 2014
Alberta small business confidence nears post-recession high

More than half of business owners report shortage of labour as their biggest challenge CALGARY – According to the latest Business Barometer survey results released by the Canadian Federation of Independent Business (CFIB), Alberta’s small business confidence rose almost one point in October to 74.6, the highest level for the index in two and a…

November 10, 2014
CSUR Asks Could You Live Without Petroleum Products?

CSUR (Canadian Society for Unconventional Resources) has put out a pamphlet demonstrating how much we depend on petroleum products. When we cry out against the oil industry and vow to boycott them do we really know to what extent we would have to go? Working with the industry that fuels the planet to be more…

November 8, 2014