Albertans have elected a pig-in-a-poke for a second time in a row

For business, an ideology-driven agenda – whether from the right or the left – doesn’t create favourable conditions for investment

Albertans have elected a pig-in-a-poke for a second time in a rowCommon sense is not so common, observed the 18th century French writer Voltaire. Sadly, he could be talking about politics in Alberta today. Albertans have been whipsawed by two back-to-back political parties that govern more by ideology than common sense. The NDP governed from the ideological perspective that the state should tax more and use…

Canadians thinking green for holiday shopping

And fewer consumers plan to shop on Black Friday and Boxing Day this year, according to Accenture survey

Canadians thinking green for holiday shoppingEnvironmentally friendly products will account for about one-third of Canadians’ spending this holiday season, according to the eighth annual Holiday Shopping Survey from Accenture. But they will be spending a little less money this year on average. “With increased awareness about the climate crisis, it’s no surprise that responsible retail matters now more than ever,…

Business sentiment still cool: Conference Board of Canada

Business confidence has been in a prolonged slump that shows no signs of clearing, survey suggests

Business sentiment still cool: Conference Board of CanadaBusiness sentiment in Canada remains in its long slump, according to a report by the Conference Board of Canada. The results of board’s latest survey of business leaders show that businesses remain deeply pessimistic about the economy. The Index of Business Confidence fell by 1.5 points to 86.0 in the third quarter of 2019. The…

Small businesses vital to Canadian communities: poll

CFIB urges government to make policy changes that support entrepreneurs

Small businesses vital to Canadian communities: pollMore than nine in 10 Canadians say that small businesses are vital to their communities, according to a public opinion poll released on Wednesday by the Canadian Federation of Independent Business (CFIB).  “Canadians value entrepreneurs and the contributions they make to their communities. One in two are even considering starting a business one day,” said…

‘Firewall’ tactics won’t do much to boost Alberta

As cathartic as it may be, it’s unclear that anything Kenney has prescribed will do much to improve the business climate in this province

‘Firewall’ tactics won’t do much to boost AlbertaManaging our own affairs is good for business. That, at least, is what Alberta’s premier would like us to believe, following a policy speech delivered to a conservative crowd in Red Deer on Saturday. But is it? It depends on how you turn the coin. Premier Jason Kenney said he was up all night writing…

Canadians to rein in Christmas spending this year

Equifax Canada survey found women were more likely to say they would spend significantly less

Canadians to rein in Christmas spending this year(Troy Media) - As people prepare for the Christmas shopping onslaught with Black Friday just around the corner, a survey released on Monday suggests the majority of Canadians will spend less on holiday gifts this year. The survey by Equifax Canada said 55 per cent of Canadians will be keeping a tighter grip on their…

Second-hand economy grows to $27.3 billion

Kijiji index reveals a shift in consumer motivations towards ‘community-minded commerce’

Second-hand economy grows to $27.3 billionBy Troy Media Four out of five Canadians participated in the second-hand economy in 2018, fuelling a $27.3 billion second-hand economy that has grown annually since 2015, according to the fifth annual Kijiji Second-Hand Economy Index, released on Monday. The company said the index reveals a shift in consumer motivations towards “community-minded commerce,” with Canadians…

Canadian energy production on the decline

StatsCan said crude oil delivered by pipelines to Canadian refineries was up 9.1% to 8.6 million cubic metres

Canadian energy production on the declineEnergy production in Canada declined in several sectors in August compared with the same month in 2018, according to Statistics Canada. The federal agency reported on Monday that production of crude oil and equivalent products (-2.4 per cent), natural gas (-4.8 per cent) and coal (-5.2 per cent), as well as electricity generation (-3.6 per…

Millennials lack basic home buying knowledge: survey

Average first-time buyer will take more time browsing Netflix than choosing a real estate agent

Millennials lack basic home buying knowledge: surveyA new study finds that millennials lack understanding of the total cost of buying a home and the majority hire the first real estate agent they meet. The study, by Nobul, a digital marketplace that matches homebuyers and sellers with real estate agents, found that 67 per cent of prospective millennial home buyers agree finding…

Canadian economy edges up in August

Canadian economy edges up in August(Troy Media) - Canada’s real gross domestic product (GDP) edged up 0.1 per cent in August, following no change in July, according to Statistics Canada. In a report released on Thursday, the federal agency said goods-producing industries were up 0.2 per cent after two months of declines, led by a rebound in manufacturing, while services-producing industries…

Canada’s equalization program flawed: report

The gap between richer and poorer provinces has shrunk, yet program costs keep rising: Fraser Institute

Canada’s equalization program flawed: reportBy Troy Media Canada’s equalization program has cost taxpayers – including those in ‘have’ provinces such as Alberta – $2.1 billion more in payments since 2017 due to a program design flaw, according to a report released on Thursday by public policy think-tank the Fraser Institute. The equalization program transfers federal tax dollars to lower-income…

Suncor quarterly net earnings top $1 billion

Total oil sands production during the third quarter increased to 670,000 barrels per day

Suncor quarterly net earnings top $1 billionCalgary-based energy giant Suncor is reporting net earnings of $1.035 billion ($0.67 per common share) in the third quarter of this year. That’s down from $1.812 billion ($1.12 per common share) in the corresponding quarter in the prior year. Funds from operations were $2.675 billion ($1.72 per common share) in the third quarter compared to…

Alberta lashes out at feds over Encana move

Move still requires shareholder, stock exchange and court approval but it is expected to take place in early 2020

Alberta lashes out at feds over Encana moveAlberta's Energy Minister lashed out at the federal Liberal government Thursday, blaming its policies for the decision by energy giant Encana Corporation to move its corporate headquarters to the United States and change its name to Ovintiv Inc.  The Calgary-based company said the move still requires shareholder, stock exchange and court approval but it is…
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