OTTAWA- Bank of Canada governor Mark Carney is suggesting interest rates will rise before the end of 2014.
It’s one of the clearest indications Carney has given as to when he might raise the bank’s key benchmark, which has been held at one per cent for more than two years.
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Canada is the sixth most prosperous country in the world, topped only by Australia, New Zealand and three Scandinavian countries, according to a British think-tank’s new prosperity index.
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Any legitimate job offering $80,000-plus as a starting salary should be an easy sell to students in these troubled economic times, right? Wrong.
“Even in Alberta there is a poor connection in the K-12 education system to find balanced information about the oil and gas industry,” says Cheryl Knight, executive director and chief executive of the Petroleum HR Council of Canada. “The environmental messaging is much more attractive and probably easier to make interesting for students everywhere. It is a key problem that our industry faces, even just outside my door.”
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Oil and natural gas are two of our biggest resources, but how much are we willing to pay the people who help to find it, extract it, and refine it?
Some 174 billion barrels of crude oil lie inside Canada’s borders, 169 million of which are locked in the Alberta oil sands. Companies invest fortunes in long-term projects to recover the commodity. According to recruiters, they are still willing to spend significant amounts on retaining crucial skills in this specialist sector, even during uncertain times.
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Calgary – Alberta’s energy companies are outpacing the rest of corporate Canada when it comes to ramping up investment in research and development.
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EDMONTON – The first Simons store outside Quebec opens Wednesday in Edmonton— three months behind schedule.
But Peter Simons, CEO of the family-owned fashion chain, says there is a good reason for twice postponing the original early August launch date.
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CALGARY – An early-stage proposal to ship as many as one million barrels a day of western crude to eastern refineries seems to be gaining traction, executives with pipeline giant TransCanada Corp. said Tuesday.
In recent months, the Calgary-based company has been floating the idea of converting part of its natural gas mainline — the eastbound main artery for natural gas out of Alberta — partly to oil service to serve refineries in eastern Canada and the U.S. Eastern Seaboard that currently rely on pricey crude from overseas.
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EDMONTON- Six people face a total of 65 charges related to street-gang violence and drug-trafficking in northeast Edmonton, police said Tuesday.
In a news release, police said the gang — which they did not name — has been active in the Abbottsfield and Beverly neighbourhoods for several years.
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CALGARY— Grosvenor Americas has acquired another multi-family development site in Calgary’s Beltline neighbourhood and is proposing an 18-storey residential tower to go along with its Drake condominium project already under construction.
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CALGARY— Oxford Properties has installed electric vehicle charging stations at three of its downtown Calgary office skyscrapers —Devon Tower,Bow Valley Square and Centennial Place.
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