Monthly Archives: November 2012

Ewart: Oilsands success, pipeline failures prove costly

Posted on by

The Alberta government is paying the price for the success of efforts to develop the oilsands and the failure to develop pipelines to get that oil to market.

The price – as measured by what is known as the differential, or discount, from global benchmark crudes – is currently about $29 on each of the 2.5 million barrels of oil pumped every day in Canada’s biggest oil-producing province. That works out to $72.5 million a day. Over a year, that’s $26.5 billion of potential revenue not circulating in the provincial economy.

Read more:  http://tinyurl.com/bvs6h2u  

Pembina Pipeline boosts spending to record level

Posted on by

CALGARY — A 75 per cent increase in capital spending plans for 2013 compared with 2012 will take Pembina Pipeline Corp. into record territory.

The Calgary-based energy transportation firm announced Wednesday afternoon it would spend $965 million next year, three-quarters higher than its 2012 budget and the highest in its history.

Read more:  http://tinyurl.com/cly6d44

Council denies request for changes to industrial zoning

Posted on by

Airdrie City defeated a bylaw that would allow new recreational vehicle (RV) sales centres in King Heights, Nov. 19.

The move came after a developer approached council requesting a change in zoning that would allow for a range of commercial and industrial uses such as automobile sales, equipment repair, bus depots, autobody and paint shops.

Read more:  http://tinyurl.com/ayxreds  

EU ‘very close’ to an ‘ambitious’ trade deal with Canada

Posted on by

The European Union is “very close” to an “ambitious” free-trade deal with Canada, its trade commissioner said Thursday, with negotiations still seemingly needed on agriculture and investor protections, among other issues.

European Trade Commissioner Karel De Gucht couldn’t confirm when the trade talks would conclude toward the Comprehensive Economic and Trade Agreement, but he said the EU is “united in working together with Canada to close the gaps on the final issues.”

Read more:  http://tinyurl.com/chq5u3w  

34% of Calgary condo buyers not confident they could afford condo fee increase

Posted on by

CALGARY — Many Calgary condo owners are not aware that their monthly condo fees can increase at any time, says a report released Thursday by TD Canada Trust.

A survey of condo buyers in Toronto, Montreal, Calgary and Vancouver found that 66 per cent of buyers in Calgary didn’t realize condo fees could increase at any time. It also found that 34 per cent of them are not confident they could afford a condo fee increase.

Read more:  http://tinyurl.com/ct8qyf2  

Businesses must plot direction for Sylvan downtown: official

Posted on by

Sylvan Lake’s downtown is at a crossroads — and it’s up to the business and property owners there to choose a direction.

The Town of Sylvan Lake and Sylvan Lake Chamber of Commerce have been supporting the development of a revitalization strategy for the downtown. They hired Calgary consulting firm Canadian Ventures Inc. to conduct a survey and organize a local meeting on the issue, and have participated in the process.

Read more:  http://tinyurl.com/c4fa3op  

Alberta lumber prices rolling higher

Posted on by

CALGARY, AB, Nov. 28, 2012/ Troy Media/ – The footprint of the forestry industry in Alberta is often understated. Alberta’s lumber industry is the third most important in Canada, after B.C. and Quebec, but it’s often overshadowed by the stupendous amount of economic activity generated by the energy and agriculture industries. The forestry industry was hit hard by the downturn, but lately it’s been showing signs of life.

Read more:  http://tinyurl.com/butoqen