Latest News for: Alberta economy


Editorial: The peculiar exceptionalism of rural America on vaccines

The Roanoke Times 23 Jul 2021
Alberta’s 62.15% is noteworthy because Alberta is regarded as the most conservative part of Canada — it’s the Texas and Oklahoma of the north, where the economy is powered by farms, oil and gas (that’s why the Edmonton hockey team is the Oilers) and one of the main cultural exports is country music (we are partial to Corb Lund).

Majority of Canada's oil and gas workers support move to net-zero economy: poll

North Shore News 16 Jul 2021
The poll found that 61 per cent of oil, gas and coal workers “believe that Canada should pivot towards a net zero economy.”  ... While the majority support for a move to a net-zero economy slipped to 49 per cent in Alberta, more workers from the oil-rich province supported the move than opposed it.

WILD: GTA housing market gradually cooling

Toronto Sun 15 Jul 2021
The reopening of the economy will also see more people employed and growing economic activity. Quebec, Alberta and British Columbia opened earlier than Ontario and saw more than 100,000 new jobs in the accommodation and food services sector in June.

Alberta businesses see glimmer of hope as oil price rises and sun shines on Stampede

North Shore News 14 Jul 2021
But since Alberta lifted all COVID-19 restrictions on July 1, Martin has seen a slow but steady increase in customers ... Martin isn't the only business owner in Alberta sensing a glimmer of light these days, at the end of what has been a long tunnel ... But in Alberta, the pandemic's effects have been amplified by the collapse in oil prices last year.

Canada Shatters Luxury Records as Pandemic Redefines Top-Tier Market

The Marshall News Messenger 13 Jul 2021
The forecast for Alberta’s economy brightened in the first half of 2021 as oil prices rebounded following an early spring slump, and as natural gas prices revived despite the pandemic ... Renewed confidence in Alberta’s post-pandemic economic recovery revived sales activity across Calgary’s conventional and luxury real estate markets.

Segregation of duties in transactional banking

B & FT Online 05 Jul 2021
– is it an obstacle in modern banking? (4) ... The Lending Process ... A country’s people and businesses cannot do without credit facilities, so financial institutions should take good care of their depositors’ funds and keep the economy alive ... Alberta Quarcoopome is a Fellow of the Institute of Bankers, and CEO of ALKAN Business Consult Ltd ... CONTACT ... Tel.

Alberta Sustainability Fund revitalization not in the plan

Resource World 02 Jul 2021
Alberta isn’t buying the Fraser Institute’s suggestion that it should revitalize its Heritage Fund and bring back its Sustainability Fund to help the province’s lagging economy ... level of non-renewable resource revenue for the province would a more stable economy for Alberta.

Final figures from 2020-21 show Alberta with $17B deficit, over $5B in COVID-19 costs

Moosejaw Today 30 Jun 2021
EDMONTON — New figures show Alberta's fight against COVID-19 hit more than $5 billion by the end of the ... The report says the pandemic bludgeoned Alberta’s resource-based economy.

Amazon Expands in Alberta with the Province's First Amazon Robotics Fulfillment Center, Creates More Than ...

Ellensburg Daily Record 28 Jun 2021
"This is exciting news for Alberta ... "Amazon's vote of confidence in Alberta with their new robotics fulfillment centre shows the momentum our province has in the technology space while enhancing their customer experience and creating a thousand jobs," said Doug Schweitzer, Minister of Jobs, Economy and Innovation.

Alberta should focus on innovation to attract U.S. investment, says Washington envoy

Castanet 26 Jun 2021
We can make a very strong argument for further investment in the entire energy spectrum in Alberta,” James Rajotte said in an interview ... Despite those setbacks, Alberta Economy Minister Doug Schweitzer said energy companies have reason to be optimistic about the future, not the least of which is rising oil prices.

Feasability study to explore possibility of high speed hyperloop between Calgary and Edmonton

CTV 26 Jun 2021
A high-speed hyperloop link between Calgary and Edmonton would boost Alberta jobs and its economy, according to a study from TransPod ... .

Amazon Announces Major Renewable Energy Agreement in Canada

Ellensburg Daily Record 24 Jun 2021
Amazon's second renewable energy project in Alberta is a 375 MW solar farm that is also the largest in the country ... "And, this is all using private sector money without subsidies from Alberta taxpayers ... Thank you to Amazon for this vote of confidence in Alberta's economy and our diversified energy future." ... Sonya Savage, Alberta Energy Minister.

Kenney to deliver update with Alberta on cusp of dropping all COVID-19 restrictions

North Shore News 18 Jun 2021
EDMONTON — Alberta Premier Jason Kenney will deliver an update today on COVID-19 health rules, with the province on the cusp of fully reopening its economy ... Alberta has ...

Despite Alberta bailing out other provinces with billions for years, no equalization payments when it ...

Resource World 15 Jun 2021
Despite the beating its economy has taken in recent years, Alberta won’t be getting the equalization payments enjoyed by other disadvantaged provinces from the federal government, sources say ... These three things have combined to hit Alberta and our resource-based economy much harder than most other provinces,” said Kitz.

Air Products unveils plan for hydrogen complex

Hydrocarbon Engineering 11 Jun 2021
By design, the new complex will utilize Alberta's natural gas resources to produce net-zero hydrogen, reducing the environmental footprint of the refining sector and facilitating future growth in the hydrogen economy in Edmonton and the Alberta Industrial Heartland.".