Alberta small business confidence takes a hit in March

CALGARY — Small business owners in Alberta are demonstrating a decline in optimism, according to the latest Canadian Federation of Independent Business survey of confidence among entrepreneurs.

The Business Barometer Index, released Thursday, said the confidence of small business owners took a hit in March as it fell by almost four points to 66.7 and as a result, Alberta has lost its lead position among provinces.

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Tight Alberta labour market loosens

CALGARY — Alberta’s tight labour market saw some loosening in December, according to the Conference Board of Canada’s Help-Wanted Index.

The board said the Index fell nationally by 2.4 points, bringing it to 124.8.

“Alberta’s Index was relatively unchanged, declining by just 0.5 points,” said the board in releasing the Index on Tuesday.

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Calgary prices for repeat home sales climb

CALGARY — House price growth for repeat home sales in Calgary topped the Canadian average in December, according to the Teranet-National Bank National Composite House Price Index, which was released Wednesday.

The index showed prices in Calgary in December grew by 4.1 per cent year-over-year while the 12-month gain in 11 metropolitan markets across the country increased by 3.1 per cent.

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Alberta help-wanted index on the rise

CALGARY — Alberta posted the second largest increase in October in the Conference Board of Canada’s Help-Wanted Index, behind only Saskatchewan in Canada.

On Tuesday, the board said the overall index in Canada rose nine points in October. The gain more than offset the losses recorded in the previous two months and suggests more job growth in the near term.

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Secret ingredients in Calgary’s inflation rate

CALGARY — City hall’s homegrown inflation rate, a key formula for setting civic budgets and now property tax hikes, is a pioneering tool other cities have tried to emulate.

What does this exact balance of factors for Calgary’s municipal price index have in common with the KFC colonel’s blend of 11 herbs and spices? It, too, is a closely guarded secret.

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A BETTER WAY THAN “BUY AND HOLD”

In the late 1950s, John Bogle changed the investing world.

Bogle became the chief advocate for index investing, a strategy based around the idea that investors should stop trying to pick individual stocks, quit buying mutual funds, and just buy the big stock indexes.

Why would an investor take such a hands-off approach? Bogle cited research that proved that most actively managed mutual funds don’t beat the market — and on top of that, they charged hefty management fees for their mediocre performance. The data was damning, and Bogle’s fund, the Vanguard 500 Fund, became one of the most popular investment funds in history, today worth more than $26 billion.

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