Canada needs to pick up the pace and diversify its oil and gas markets to become a competitive global energy player, including shipping western oil to eastern consumers, said a new senate energy committee report.
The prolonged and tenuous approval process for TransCanada Corp.'s Keystone XL bitumen pipe-line to the U.S. Gulf Coast was "a stark reminder" of the importance of export market diversification for Canada's oil and gas, the report, re-leased Thursday, stated.
CALGARY — A monthly price index of repeat home sales shows Calgary and Ottawa as having the highest percentage of month-over-month growth in the country.
The Teranet-National Bank National Composite House Price Index, released Wednesday, said house prices in Calgary and Ottawa rose by 1.7 per cent in June from May.
The index is estimated by tracking observed or registered home prices over time using data collected from public land registries.
CALGARY, AB, Jul 25, 2012/ Troy Media/ – Not since the boom years have so many people arrived in Alberta – and if the pace keeps up it will have important implications for the local economy.
That people are coming to Alberta shouldn’t be a surprise. In fact, it’s slightly more surprising that it took until the first quarter of 2012 to see the numbers really spike. The unemployment rate is not only well below the national average, but wages have been steadily climbing. In fact, the average weekly wage in Alberta is now $156 higher than in Ontario.
While migrants from other provinces have recently shown more interest in the province, the upward trend in international migration has been occurring since the recession hit. Alberta gained about 6,000 migrants due to international migration in the first quarter, almost double what the province was recording just five years ago.
Alberta Premier Alison Redford says when it comes to the controversial Northern Gateway pipeline proposal she has nothing to talk about with British Columbia’s Premier Christy Clark.
The two are in a very public spat over the proposed $6-billion project. And on Friday morning, that dispute goes behind closed doors as Ms. Redford kick-starts a debate over a pan-Canadian energy strategy at this last day of the Council of Federation gathering of premiers.
CALGARY — The Alberta economic outlook is generally positive with the highest rate of growth for all provinces of 3.8 per cent this year, says the Conference Board of Canada in its latest forecast released Friday.
“But weak natural gas prices and volatile crude oil prices — particularly the wide spread between Canadian crude and the international benchmark – are leading to uncertainty about future capital spending plans in the energy sector,” said the board.
The board forecasts that prices will remain sufficiently elevated so that energy sector investment continues to grow strongly in Alberta. In addition, the province has positive outlooks for employment, income growth and consumer spending, it said.
The construction of three new schools in Airdrie is on pace to be completed by Fall 2014, according to Alberta Education Spokesman Timothy Chamberlain.
The three schools set to be built in Airdrie are a part of the $550 million announcement made last May by the Alberta government to build or modernize 35 schools across the province.
A new K-12 francophone school, a high school and a middle school will be constructed in the city.
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