Canada’s trade deficit narrows with rise in energy exports

Canada's trade deficit narrows with rise in energy exports

Canada’s trade deficit narrows with rise in energy exportsCanada’s merchandise trade deficit with the world narrowed slightly in from $1.2 billion in September to $1.1 billion in October, says Statistics Canada. The federal agency reported Thursday that exports rose 0.8 per cent in October while imports increased 0.5 per cent, mainly on higher imports of energy products. “Exports of energy products (+3.4 per…

SkipTheDishes co-founder starts venture firm in Calgary

Harvest, a not-for-profit, aims to provide founders with disruptive ideas with world-class talent, funding and support

SkipTheDishes co-founder starts venture firm in CalgaryOne of the co-founders of the SkipTheDishes home food delivery service has launched a initiative called Harvest to help boost budding entrepreneurs.  Harvest, a not-for-profit, aims to provide founders with disruptive ideas with world-class talent, funding and support to turn their ideas into globally competitive companies. The company will leverage infrastructure that built SkipTheDishes as…

Alberta’s budget cuts not aggressive enough: report

Alberta's spending reduction plans much smaller than previous governments that wanted to eliminate the deficit, says Fraser Report

Alberta’s budget cuts not aggressive enough: reportThe Alberta government’s plan to eliminate the budget deficit by 2022/23 is less aggressive — both by timeline and by the amount of spending reductions — than previous successful deficit-reduction plans by other governments across Canada, says a new report released Thursday by public policy think tank the Fraser Institute.  “The recent Alberta budget represents…

Crude oil production to grow by nearly 50% by 2040: report

Canada's Energy Regulator projects domestic fossil fuel consumption growth slows, crude oil and natural gas production continues to increase

Crude oil production to grow by nearly 50% by 2040: reportA report released Tuesday by Canada Energy Regulator says infrastructure developments and climate policy will impact Canadian energy consumption and production trends over the next 20 years and crude oil production is expected to grow by nearly 50 per cent. Canada's Energy Future 2019: Energy Supply and Demand Projections to 2040 show that while domestic…

Suncor capital plans for 2020 set at $5.4-$6 billion

Upstream production is expected to reach 800,000 to 840,000 barrels of oil equivalent per day, an increase of about five per cent

Suncor capital plans for 2020 set at $5.4-$6 billionCalgary-based Suncor Energy says its capital investment program to be $5.4 to $6 billion in 2020 with upstream production expected to be between 800,000 to 840,000 barrels of oil equivalent per day (boe/d), an increase of about five per cent production. “During 2019, we've demonstrated the value of our asset integration and flexibility through our…

Husky Energy cutting planned capital spending by $500 M

Capital spending in 2020 will be directed towards advancing the Lloyd thermal project and ongoing construction of a project in the Atlantic region

Husky Energy cutting planned capital spending by $500 MCalgary-based Husky Energy announced Monday it is reducing its capital program by half-a-billion dollars in 2022 and 2020. “We are continuing to focus on safe and reliable operations as we build on our improved 2019 performance and work towards our target of becoming a global top-quartile process safety performer by the end of 2022,” CEO…

Five principles for a better sales force

How to create a training program that builds relationships and increases sales

Five principles for a better sales forceThere is a lot of on-the-job training required when it comes to creating an effective sales team. A massive amount of information, after all, is needed to learn the job if it is to be done well. But in addition to book knowledge, sales skills require a lot of practice if your team hopes to…

Canadian economy grows at 1.3% annual rate in Q3

Third quarter growth was led by higher business investment and increased household spending, boosting final domestic demand

Canadian economy grows at 1.3% annual rate in Q3Real gross domestic product (GDP) in Canada grew 0.3 per cent in the third quarter of this year, following a 0.9 per cent increase in the second quarter, according to Statistics Canada.  The federal agency reported Friday that, expressed at an annualized rate, GDP advanced 1.3 per cent in Q3. GDP in the United States…

Virtual reality tool will track changes in the oil, gas industry

Users can experience everything from watching a smart pig detect the health of a pipeline to seeing the largest trucks in the world at work

Virtual reality tool will track changes in the oil, gas industryA first-of-its-kind virtual reality tour of Canada’s oil and gas worksites will raise awareness about changes in the industry. The Experience the Energy: Take the Tour platform is an initiative by the PetroLMI Division of Energy Safety Canada. It showcases the careers, the innovation and technologies that are transforming the energy industry. “Over the past…

Digital shift not offsetting newspapers’ print decline

Digital advertising sales reached $295.6 million in 2018, a 20.8 per cent increase from 2016, yet print ad sales declined by a much larger amount

Digital shift not offsetting newspapers’ print declineGrowth in digital ads for newspapers has not been fast enough to offset the decline in print advertising, according to data released Friday by Statistics Canada. The federal agency reported that digital advertising sales reached $295.6 million in 2018, a 20.8 per cent increase from 2016. Print advertising sales totalled $1.2 billion, down from $1.6…
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