Growing Alberta population and wireless causing phone number crunch

Alberta is set to run out of phone numbers, again, due to a growing population and rising use of wireless and other devices.

Merely four years after the 587 area code was introduced, the Canadian Numbering Administrator (CNA) advised the Canadian Radio-Television and Telecommunications Commission (CRTC) on Thursday that Alberta’s area codes are expected to e exhausted by June 2018.

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U.S. Birth Rate Hits Record Low

The U.S. birth rate dropped to its lowest level since the beginning of the Great Depression, led by a drop among immigrants, according to a report data released Thursday by the Pew Research Center.

In 2011, the overall birth rate was 63.2 per 1,000 women of childbearing age, the lowest since at least 1920, Pew reported, citing numbers from the National Center for Health Statistics. The birth rate reached 122.7 in 1957, the peak of the Baby Boom. After the mid-1970s, the birth rate stabilized at about 65 to 70 births per 1,000 women annually, until the beginning of the Great Recession.

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CMHC’s business shrinks amid Ottawa insurance cap

Canada Mortgage and Housing Corp.’s insurance volumes dove 37 per cent in the latest quarter from a year ago, as Ottawa seeks to rein in the Crown corporation’s growth.

The bulk of the decline stems from the government’s decision to cap the total amount of insurance that CMHC can have in force at $600-billion, a move that has forced the mortgage insurer to shrink the amount of portfolio or bulk insurance it offers banks to virtually nil. (Portfolio insurance enables banks to protect broad swaths of mortgages that aren’t required to be insured, which reduces capital requirements for the banks).

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Reality check: Centre of economic gravity is tilting towards Asia

VANCOUVER, BC, Nov. 29, 2012/ Troy Media/ – The rise of China and other emerging economies is having a profound impact on the international economic and political order established by a handful of Western countries at the close of the Second World War. Collectively, the emerging economies of Asia, the Middle East, Latin America and Africa will soon account for half of world production and consumption. They have also driven most of the growth in the global economy since the mid-2000s.

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Canexus raises $75M to expand oil terminal

CALGARY — Petroleum transporter Canexus Corp. is raising $75 million to fuel an expansion of its Edmonton-area terminal, it announced Thursday.

The company said the funds, the result of a bought deal financing in which 9.5 million shares will be sold to a syndicate of underwriters for $7.90 each, could grow to $83 million if an overallotment is exercised.

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Calgary alderman part of national group launched to fight drug labs

Law enforcement agencies, the real estate industry and utility companies across the country have formed a national coalition aimed at fighting the hazards caused by illegal drug labs.

The National Council Against Marijuana Grow Operations and Clandestine Labs, launched Thursday, brings together various partner organizations to co-ordinates efforts across Canada, said Ald. Diane Colley-Urquhart, who serves on the committee.

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Huge infestation threatens southwest neighbourhood trees

EDMONTON – Southwest Edmonton neighbourhoods are suffering a serious infestation of lilac ash borers that’s putting the future of 1,700 boulevard and park trees at risk.

Although the moth larva is widely distributed in Edmonton, large numbers of the destructive insect have turned up in ash around Terwillegar Towne and Terwillegar South, city principal of forestry Jeannette Wheeler says.

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Council considers prospective 3.96 per cent municipal tax increase for the 2013 budget

After two full days of deliberations, Devon town council has landed at 3.96 per cent as a prospective municipal tax increase contained in the 2013 budget.

Council members were joined by town administrative staff and the occasional member of the public during the deliberations that stretched over Nov. 23-24.

At the start of the meetings the increase had been pegged nearly three per cent higher, at 6.87 per cent. Deemed unacceptably high, council was presented with several options for lowering the rate.

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New CRH wing has future in mind

Regional Hospital’s new five-storey, 19,500-square-metre wing will certainly attract attention.

Community members had an opportunity to view renderings and floor plans for the project Wednesday night during a community information session. And according to Robert Storrier, public affair officer with Alberta Infrastructure, it won’t take long before those artist’s drawings become reality.

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Aldermen debate paying cash for Event Centre

Another $15 million of Medicine Hat’s Community Capital Reserve Fund should be earmarked for the construction of a large spectator arena, the City’s Corporate Service Committee recommended on Wednesday.

The final approval rests with city council, and while the item is simply an accounting matter – no funds are being spent, or removed from their interest-bearing accounts – the overall issue of how the final cost of an Event Centre will be paid and the City’s debt situation was raised in the committee meeting.

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