Premier heads to Texas to drum up energy investment

Premier heads to Texas to drum up energy investmentAlberta Premier Jason Kenney is in Texas this week hoping to spur energy investment in the province. His trip comes about a week after the release of a report by public policy think-tank Fraser Institute showing that Texas is more than two times as attractive as Alberta for oil and gas investment. “Our top goal…

Texas handily beats Alberta for energy investment: report

Eighty per cent of survey respondents cited uncertain environmental regulations as a deterrent to investing in Alberta

Texas handily beats Alberta for energy investment: reportTexas is more than two times as attractive as Alberta for oil and gas investment, according to a survey of petroleum-sector executives released on Thursday by the public policy think-tank the Fraser Institute. In a ranking of 20 North American jurisdictions, which included 15 U.S. states and five Canadian provinces, Texas came out on top…

Oil drilling industry pressures Ottawa

Industry blames ‘punitive’ federal policies and regulations for its struggles

Oil drilling industry pressures OttawaFollowing the federal election in October, the sentiment toward Canadian oil and gas is nearing all-time lows, says a report by the Canadian Association of Oilwell Drilling Contractors. The association says that since 2017 the industry has lost an estimated $30 billion in foreign capital, and companies continue layoffs and relocation efforts. It says its…

Alberta economy still struggling, reports suggest

ATB, Conference Board of Canada sound alarms about struggling businesses, investment decline

Alberta economy still struggling, reports suggestAfter a phenomenal rate of economic growth between 2010 and 2014, when Alberta’s real gross domestic product grew by an average of 5.4 per cent per year, the provincial economy contracted by 3.7 per cent in 2015 and by another 3.5 per cent in 2016. This downturn erased $37.5 billion of economic output over just…

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…

Business, personal insolvencies on the rise in Alberta

Across the country, the number of businesses that failed in the past 12 months was up 4.1% from a year earlier

Business, personal insolvencies on the rise in AlbertaThe slowing Canadian economy has resulted in the first year-to-year increase in business insolvencies in almost two decades, according to data released by the Office of the Superintendent of Bankruptcy (OSB). In a news release, Canadian Association of Insolvency and Restructuring Professionals (CAIRP), said business filings have increased by 9.9 per cent from a year…

‘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…

Real Estate Council of Alberta faces overhaul

New administrator appointed, further changes coming, according to government

Real Estate Council of Alberta faces overhaulThe Alberta government has appointed Duane Monea to oversee the functions of the Real Estate Council of Alberta and ensure continuation of regular operations while the government works to develop a new model for the regulator. Bill 15: The Real Estate Amendment Act 2019 was passed recently to address concerns about the performance of RECA…

ASC launches campaign for Financial Literacy Month

‘Albertans can better manage their personal finances and protect themselves from unsuitable investments and scams’

ASC launches campaign for Financial Literacy MonthWith Financial Literacy Month underway, the Alberta Securities Commission has launched a campaign encouraging people to gain more financial knowledge. “Building financial literacy is a critical step for Albertans to take in making informed and effective investment decisions,” says Alison Trollope, director of communications and investor education at Alberta Securities Commission. “Our goal is to…

New Alberta oil wells don’t face restrictions

Government says move will drive investment, lead to increased drilling activity and support economic growth

New Alberta oil wells don’t face restrictionsThe Alberta government is allowing new conventional oil wells without restrictions on production, but existing producing wells will remain under curtailment. The government says the measure will drive positive investment, lead to increased drilling activity and support economic growth in communities across Alberta. “Companies are currently making investment decisions and we want those dollars and…
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