April 2015 Alberta Economic Fundamentals

Ally

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#41
Telus investing more than $200 million in Calgary and area



Telus is investing $212 million in new infrastructure and facilities in Calgary and area this year to enhance wireless capacity and speed, connect homes and businesses directly to its fibre optic network, pilot Telus Health programs, and continue construction of the Telus Sky tower in the downtown, the company says.

“We are committed to putting our customers first and part of that includes ensuring that we give them access to the latest and greatest technology. We’re investing in the delivery of leading-edge communications and want to make sure that Calgary and all of Alberta remains a leader with respect to telecommunications infrastructure,” said Andrea Goertz, chief communications and sustainability officer for Telus.

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Ally

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#42
Alberta's growth in 2014 was strongest in Canada

Alberta led all provinces in real gross domestic product growth last year at 4.4 per cent, Statistics Canada said Tuesday.

Nationally, GDP rose 2.4 per cent in 2014, up from 2.1 per cent the year before, it said.

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Ally

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#43
Thousands of people jeopardized by loss of rental subsidies

EDMONTON - Social housing agencies are staring down a decade of massive upheaval as federal grants run out on nearly 11,700 units.

The massive scale of the problem has been detailed for the first time in a report being presented Thursday to Mayor Don Iveson.

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Ally

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#44
Alberta only province where restaurants aren't optimistic about future

CALGARY – Alberta restaurant operators are the only ones in the country not feeling a sense of optimism about the future, according to a recent survey from Restaurants Canada.

“Thirty-eight per cent of respondents in Alberta believe their sales will decelerate over the next six months while just 25 per cent expect sales to accelerate,” said the Restaurant Outlook Survey for the first quarter of 2015.

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Ally

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Langley
#45
It's a tenant's market for office space in downtown Calgary thanks to oil drop

CALGARY - Downtown Calgary's commercial real estate market is swinging in favour of tenants as more office space gets freed up in the white-collar heart of the oilpatch.

Weak oil prices have caused companies to cut their head counts in recent months, pushing vacancy rates into the double-digits.

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