Alberta January 2013 Economic Fundamentals
- Thread starter Ally
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Grande Prairie struggles with acute labour shortage
At Stratus Pipelines in booming Grande Prairie, general manager Errol White is posting help wanted ads and bumping up wages, sweetening the pot with extra training and footing the bill for housing and food.
Those are all signs that Alberta's long-looming labour shortage has arrived in Grande Prairie, and White is on the front lines.
"It's next to impossible to find people; we're getting into wage wars at this point," White said.
Read the full article here.
At Stratus Pipelines in booming Grande Prairie, general manager Errol White is posting help wanted ads and bumping up wages, sweetening the pot with extra training and footing the bill for housing and food.
Those are all signs that Alberta's long-looming labour shortage has arrived in Grande Prairie, and White is on the front lines.
"It's next to impossible to find people; we're getting into wage wars at this point," White said.
Read the full article here.
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Group wants to move bitumen by rail to Alaska
EDMONTON - Alison Redford`s cabinet is expected to decide in January whether the government will spend $10 million to study the idea of building a rail line to ship oilsands products from northern Alberta to a port in Alaska.
The money would help pay for a $40-million study that will investigate the feasibility of a proposed 2,400-kilometre rail line to carry landlocked oilsands products from Fort McMurray to Delta Junction, Alaska.
Read the full article here.
EDMONTON - Alison Redford`s cabinet is expected to decide in January whether the government will spend $10 million to study the idea of building a rail line to ship oilsands products from northern Alberta to a port in Alaska.
The money would help pay for a $40-million study that will investigate the feasibility of a proposed 2,400-kilometre rail line to carry landlocked oilsands products from Fort McMurray to Delta Junction, Alaska.
Read the full article here.
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Saskatchewan, Alberta battle for workers
For years, Saskatchewan`s youth left in droves for Alberta. That all changed in 2007 when the tide turned the other way. Now, the sister provinces are locked in a battle for labour.
While working as a young nurse in the 1980s, Linda Hosegood said her colleagues ` like people in other occupations in Saskatchewan ` were leaving the province in droves.
Read the full article here.
For years, Saskatchewan`s youth left in droves for Alberta. That all changed in 2007 when the tide turned the other way. Now, the sister provinces are locked in a battle for labour.
While working as a young nurse in the 1980s, Linda Hosegood said her colleagues ` like people in other occupations in Saskatchewan ` were leaving the province in droves.
Read the full article here.
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Calgary's mayor to focus on transportation in 2013
Calgary's mayor plans to make transportation one of his big goals in the coming year.
In 2013, Naheed Nenshi plans on working on problem areas and congestion and says one roadway that needs some work is Crowchild Trail.
Calgary city council rejected a plan created for Crowchild Trail earlier this month, voting unanimously to send transportation planners back to the drawing board.
Read the full article here.
Calgary's mayor plans to make transportation one of his big goals in the coming year.
In 2013, Naheed Nenshi plans on working on problem areas and congestion and says one roadway that needs some work is Crowchild Trail.
Calgary city council rejected a plan created for Crowchild Trail earlier this month, voting unanimously to send transportation planners back to the drawing board.
Read the full article here.
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Cold Lake homebuilders on record pace trying to meet demand
EDMONTON - Cold Lake may not have a hospitable name, but Nicole Mansfield warmed to it almost instantly three years ago after her husband`s struggles as a Newfoundland fisherman prompted a move.
Deciding to trade cod for crude, the family of four packed up their $30,000 home on the Atlantic coast and headed to northeastern Alberta, where her husband found work in the oilfield services sector. The decision has resulted in a dramatic improvement in the Mansfields` income, yet the family soon ran into a new and unexpected financial hassle ` finding an affordable place to live.
Read the full article here.
EDMONTON - Cold Lake may not have a hospitable name, but Nicole Mansfield warmed to it almost instantly three years ago after her husband`s struggles as a Newfoundland fisherman prompted a move.
Deciding to trade cod for crude, the family of four packed up their $30,000 home on the Atlantic coast and headed to northeastern Alberta, where her husband found work in the oilfield services sector. The decision has resulted in a dramatic improvement in the Mansfields` income, yet the family soon ran into a new and unexpected financial hassle ` finding an affordable place to live.
Read the full article here.
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Alberta boomtowns
Of the 15 fastest growing census areas in Canada over the last five years, 10 are in Alberta, the fastest growing province in Canada. All this growth in times of government restraint has created pressures on schools, hospitals, roads and other services. It has also changed the character of these towns.
Click on one of the maps below to read a profile of that community. The profile will appear below the maps. Or click on the button at the top to see a map of the entire province and a comparison of Canada's 15 fastest growing communities.
Read the full article here.
Of the 15 fastest growing census areas in Canada over the last five years, 10 are in Alberta, the fastest growing province in Canada. All this growth in times of government restraint has created pressures on schools, hospitals, roads and other services. It has also changed the character of these towns.
Click on one of the maps below to read a profile of that community. The profile will appear below the maps. Or click on the button at the top to see a map of the entire province and a comparison of Canada's 15 fastest growing communities.
Read the full article here.
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Newcomers to Lloydminster both good and bad news
Lloydminster fits the stereotype of a classic western boom town - a city full of transient young adults, an increase in drug-related crime, and a new strip club just off the highway.
But that's certainly not all there is to Lloydminster.
Read the full article here.
Lloydminster fits the stereotype of a classic western boom town - a city full of transient young adults, an increase in drug-related crime, and a new strip club just off the highway.
But that's certainly not all there is to Lloydminster.
Read the full article here.
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Booming Grande Prairie economy will bring challenges
The new year will bring another round of challenges to municipal leaders in both the city and the county.
A booming economy with boosts in population both of the permanent and the transient type brings with it all kinds of pros and cons. More people bring more money and more needs for our growing city.
Read the full article here.
The new year will bring another round of challenges to municipal leaders in both the city and the county.
A booming economy with boosts in population both of the permanent and the transient type brings with it all kinds of pros and cons. More people bring more money and more needs for our growing city.
Read the full article here.
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Alberta considers 2,400 rail line for conveying oilsands products to Alaska
The Alberta government is considering whether to launch a study on the feasibility of a 2,400 kilometer rail line to help convey oil sands products from the north of the landlocked Canadian province to key Asian markets via Alaska.
The Vancouver Sun reports that Alison Redford's government is set to decide in January whether to spend $10 million on a study of the proposed rail line, which would be part of a broader $40 million study.
Read the full article here.
The Alberta government is considering whether to launch a study on the feasibility of a 2,400 kilometer rail line to help convey oil sands products from the north of the landlocked Canadian province to key Asian markets via Alaska.
The Vancouver Sun reports that Alison Redford's government is set to decide in January whether to spend $10 million on a study of the proposed rail line, which would be part of a broader $40 million study.
Read the full article here.
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Alberta hit new in-migration record in 2012
CALGARY - Last year's net in-migration could prove to be the highest in Alberta's history, says Will van't Veld, an economist with ATB Financial.
"Final numbers aren't in, but odds are this province has never, not even during the boom years, welcomed more new Albertans than in 2012," says van't Veld. "This isn't surprising, as the labour market here has been the best in the country and housing costs are relatively affordable."
Read the full article here.
CALGARY - Last year's net in-migration could prove to be the highest in Alberta's history, says Will van't Veld, an economist with ATB Financial.
"Final numbers aren't in, but odds are this province has never, not even during the boom years, welcomed more new Albertans than in 2012," says van't Veld. "This isn't surprising, as the labour market here has been the best in the country and housing costs are relatively affordable."
Read the full article here.
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Flocking to Alberta
F
inal numbers aren`t in, but odds are this province has never, not even during the boom years, welcomed more new Albertans than in 2012. This isn`t surprising, as the labour market here has been the best in the country and housing costs are relatively affordable. The stage is set for the trend to continue in 2013 and beyond.
Read the full article here.
F
inal numbers aren`t in, but odds are this province has never, not even during the boom years, welcomed more new Albertans than in 2012. This isn`t surprising, as the labour market here has been the best in the country and housing costs are relatively affordable. The stage is set for the trend to continue in 2013 and beyond.
Read the full article here.
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Worsening oil bottleneck could cost Canada $1 trillion, shock government revenues
Federal and provincial governments are reeling from the impact of the lack of pipelines and new markets for Alberta crude - an alarming dilemma that could cost Canada more than a trillion dollars in lost economic activity.
With no quick fixes in sight, both the federal Conservatives and the Alberta Tories led by Alison Redford are now readjusting revenue projections and deferring plans to balance their respective budgets.
Read the full article here.
Federal and provincial governments are reeling from the impact of the lack of pipelines and new markets for Alberta crude - an alarming dilemma that could cost Canada more than a trillion dollars in lost economic activity.
With no quick fixes in sight, both the federal Conservatives and the Alberta Tories led by Alison Redford are now readjusting revenue projections and deferring plans to balance their respective budgets.
Read the full article here.
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Canada's need for more pipeline capacity a real concern
OTTAWA ` Canada risks stranding its resource bounty unless it adds new pipeline capacity to the West Coast, eastern provinces and the U.S., says Natural Resources Minister Joe Oliver, who believes the issue will be one of the biggest items on his plate in 2013.
But building new pipelines is anything but a sure bet. There`s strong opposition from citizens, some governments and environmental groups over transporting oilsands crude and other petroleum via pipelines such as the proposed Northern Gateway project to the B.C. coast and Keystone XL in the United States.
Read the full article here.
OTTAWA ` Canada risks stranding its resource bounty unless it adds new pipeline capacity to the West Coast, eastern provinces and the U.S., says Natural Resources Minister Joe Oliver, who believes the issue will be one of the biggest items on his plate in 2013.
But building new pipelines is anything but a sure bet. There`s strong opposition from citizens, some governments and environmental groups over transporting oilsands crude and other petroleum via pipelines such as the proposed Northern Gateway project to the B.C. coast and Keystone XL in the United States.
Read the full article here.
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Calgary home sales and prices spike higher in 2012
CALGARY ` Rising population numbers drove Calgary housing sales higher and brought average prices within a hair of the record set in 2007, according to the Calgary Real Estate Board.
On Wednesday it announced that 15 per cent more residential real estate sales were completed in the city of Calgary in 2012 than in 2011 and that average prices were up five per cent.
Read the full article here.
CALGARY ` Rising population numbers drove Calgary housing sales higher and brought average prices within a hair of the record set in 2007, according to the Calgary Real Estate Board.
On Wednesday it announced that 15 per cent more residential real estate sales were completed in the city of Calgary in 2012 than in 2011 and that average prices were up five per cent.
Read the full article here.
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Brazil's offshore oil prospect to produce 'significant flaws'
An offshore oil prospect owned by Brazil`s Petroleo Brasileiro SA, Barra Energia, QGEP Participacoes SA and Portugal`s Galp Energia SGPS SA will have significant flows when it starts output later this decade, a project partner told investors on Thursday.
Wells in the Carcara offshore oil prospect, one of the largest recent `subsalt` discoveries in Brazil, will likely produce as much as 35,000 barrels of oil and natural gas equivalent a day (boepd) when it begins producing in 2018, QGEP, which owns 10 per cent of the prospect, said on a conference call with investors.
Read the full article here.
An offshore oil prospect owned by Brazil`s Petroleo Brasileiro SA, Barra Energia, QGEP Participacoes SA and Portugal`s Galp Energia SGPS SA will have significant flows when it starts output later this decade, a project partner told investors on Thursday.
Wells in the Carcara offshore oil prospect, one of the largest recent `subsalt` discoveries in Brazil, will likely produce as much as 35,000 barrels of oil and natural gas equivalent a day (boepd) when it begins producing in 2018, QGEP, which owns 10 per cent of the prospect, said on a conference call with investors.
Read the full article here.
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Enbridge to spend $400 million on Alberta-to-U.S. pipeline expansion
Enbridge Inc. plans to spend $400-million to expand the capacity of its pipeline system between Hardisty, Alta., and the U.S. border.
The project involves increasing pumping horsepower and no new line pipe construction is involved, the Calgary-based company said Friday.
It expects to increase capacity by 230,000 barrels a day when the upgrade comes on line in 2015, subject to regulatory approvals.
Read the full article here.
Enbridge Inc. plans to spend $400-million to expand the capacity of its pipeline system between Hardisty, Alta., and the U.S. border.
The project involves increasing pumping horsepower and no new line pipe construction is involved, the Calgary-based company said Friday.
It expects to increase capacity by 230,000 barrels a day when the upgrade comes on line in 2015, subject to regulatory approvals.
Read the full article here.
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Keystone XL pipeline gets boost from Nebraska report, but real fight remains
The countdown over the fate of the Keystone XL oil pipeline ` the new and improved version ` has begun. A report from Nebraska Friday found TransCanada Corp.`s proposed re-route of its Canada-to-United States line avoids many sensitive ecological regions in the state and generally paints a positive picture of the proposal.
The 2,000-page report from the Nebraska Department of Environmental Quality (NDEQ) is one of four big hurdles facing the Canadian project on the road to a presidential permit ` and the next three could be more politically charged as the debate picks up where it left off before the U.S. presidential election.
Read the full article here.
The countdown over the fate of the Keystone XL oil pipeline ` the new and improved version ` has begun. A report from Nebraska Friday found TransCanada Corp.`s proposed re-route of its Canada-to-United States line avoids many sensitive ecological regions in the state and generally paints a positive picture of the proposal.
The 2,000-page report from the Nebraska Department of Environmental Quality (NDEQ) is one of four big hurdles facing the Canadian project on the road to a presidential permit ` and the next three could be more politically charged as the debate picks up where it left off before the U.S. presidential election.
Read the full article here.
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Alberta retains lowest unemployment rate of all provinces
EDMONTON - Alberta created 55,500 jobs in 2012 ` more than a quarter of all the jobs created in Canada ` as the province maintained its position as having the lowest unemployment rate in Canada at 4.5 per cent, Statistics Canada reported Friday.
In December, the Canadian economy created 40,000 jobs in December ` all of it in full-time work ` and drove the unemployment rate to its lowest in four years.
Read the full article here.
EDMONTON - Alberta created 55,500 jobs in 2012 ` more than a quarter of all the jobs created in Canada ` as the province maintained its position as having the lowest unemployment rate in Canada at 4.5 per cent, Statistics Canada reported Friday.
In December, the Canadian economy created 40,000 jobs in December ` all of it in full-time work ` and drove the unemployment rate to its lowest in four years.
Read the full article here.
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Calgary luxury home market sets record year
CALGARY ` Calgary`s luxury home market has been on fire this year and that flame is expected to continue burning into 2013.
Sales of properties valued at more than $1 million set a record in 2012 and the increase in sales in this market from the previous year is taking place at a higher pace than overall residential MLS sales in the city.
Read the full article here.
CALGARY ` Calgary`s luxury home market has been on fire this year and that flame is expected to continue burning into 2013.
Sales of properties valued at more than $1 million set a record in 2012 and the increase in sales in this market from the previous year is taking place at a higher pace than overall residential MLS sales in the city.
Read the full article here.