Albertans’ net worth third highest in country

B.C. and Ontario residents have higher net worth, thanks in part to property values: ATB

Albertans’ net worth third highest in countryAlbertans have consistently held the highest wages among all provinces in the country in recent years. But how do people in the province rate when it comes to their net worth? ATB Financial’s Economics & Research Team discovered that Alberta is third behind Ontario and British Columbia. “The average net worth of households in Alberta…

Number of vacant jobs in Alberta falls

Alberta had 33,800 unfilled jobs in the first quarter of this year as its job vacancy rate fell by 0.1 per cent to 2.1 per cent

Number of vacant jobs in Alberta fallsAlberta had 33,800 unfilled jobs in the first quarter of this year as its job vacancy rate fell by 0.1 per cent to 2.1 per cent, according to the Canadian Federation of Independent Business Help Wanted report released on Wednesday. In the fourth quarter of 2018, Alberta had 37,100 vacant jobs. In Canada, the private sector…

Alberta ag sector jobs down 18.7% in four years: ATB

Number of private sector jobs in 2018 down by 2.2%; public sector jobs up by 19.3%

Alberta ag sector jobs down 18.7% in four years: ATBResearch by ATB Financial’s Economics & Research Team indicates Alberta’s job recovery from the depths of the recession depends on which sector of the economy you look at. When oil prices collapsed at the end of 2014, thousands of oil patch jobs were shed. The total number of jobs has recovered but new part-time work…

Albertans drowning in debt

Average debt per Canadian consumer, including mortgages, reached $71,300 in the first quarter of 2019: Equifax

Albertans drowning in debtAverage Alberta debt levels – excluding mortgages – continue to be the highest in Canada and rising, according to the latest Equifax Canada report. The report said the average debt in the first quarter of this year in the province rose by 3.4 per cent from a year ago to $29,117. At the same time,…

Alberta job growth tilted to part-time rather than full-time work

ATB Financial says numbers point to a weakening of the province’s job market

Alberta job growth tilted to part-time rather than full-time workHow is Alberta’s job market compared to before the economic downturn began when oil prices collapsed at the end of 2014? ATB Financial’s Economics and Research Team shed some light on the province’s labour market on Monday. “The average number of positions was up by 2.5 per cent in 2018 compared to 2014. Unfortunately, job…

How the mobile phone industry meets – or fails – customer expectations

Adrian Chung of J.D. Power talks about the results of the company’s latest wireless survey and why trust is such a huge component

How the mobile phone industry meets – or fails – customer expectationsAdrian Chung, director of the technology, media and telecom practice at J.D. Power in Canada. What are the key results and findings you can take from a recent wireless experience survey you did? Chung: In this year’s edition of the J.D. Power Wireless Purchase Experience study, we saw a decline in overall satisfaction of six…

Alberta economy still hurting from oil price crash

Alberta’s economy will stay in positive territory but with only a 0.6 per cent annual growth for this year which will be the lowest in Canada

Alberta economy still hurting from oil price crashThe effects of last fall’s oil price tumble will continue to impact the economy negatively in 2019, according to a new forecast released Friday by RBC Economic Research. The Provincial Outlook predicts Alberta’s economy will stay in positive territory but with only a 0.6 per cent annual growth for this year which will be the…

Calgary’s Global Petroleum Show to include large rally

The 51st year of North America’s leading energy event takes place June 11 to 13 at Stampede Park

Calgary’s Global Petroleum Show to include large rallyThe Global Petroleum Show, which takes place next week in Calgary, will be the setting for what is being billed as the “Largest Oil & Gas Rally in Canadian History.” The rally, in partnership with Canada Action, will take place on Tuesday, June 11, at noon in the outdoor exhibit area near the Big Four…

Oil sands production to near four million barrels a day by 2030

IHS Markit report projects slower pace of investment and growth in Canadian projects

Oil sands production to near four million barrels a day by 2030Canadian oil sands productions is expected to reach nearly four million barrels a day by 2030, or almost one million barrels more than today, according to a new 10-year production forecast by IHS Markit. But the business information provider also says production is set to enter a period of slower annual growth. “Large-scale oil sands…

Ken LeBlanc is on a mission to create clarity around real estate

The CEO of PropertyGuys.com talks about why the status quo no longer serves consumers and what his company is doing about it

Ken LeBlanc is on a mission to create clarity around real estateKen LeBlanc is CEO and founder of PropertyGuys.com. Tell me about PropertyGuys.com. What it is and what it does? LeBlanc: At PropertyGuys.com, we put the customer back in the driver’s seat so they can take control of their real estate experience. Our private sale approach allows sellers to remain securely at the centre of their…