Monthly Archives: February 2018

Alberta deficit forecast drops to $9.1B, as province gains 90,000 jobs in latest financial update

Alberta is now forecasting a year-end deficit of $9.1 billion, a drop of $1.4 billion from the figure in the March 2017 budget. The improvement, reported Wednesday in the third-quarter update, is mostly due to higher oil and gas revenues and gains in investment income. The brightening economic outlook has prompted Alberta Finance to update…

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On gun control, Dick's 'has opened the door' as Corporate America does what Congress hasn't

News that Dick’s Sporting Goods, one of the largest sporting goods retailers in the U.S., would stop selling assault-style rifles in response to the school shooting in Parkland, Fla., seemed to come surprisingly quickly. How quickly? As Dick’s footwear salesperson La’Shawn Watson walked to work at her east Washington, D.C., location for her Wednesday 11…

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Suncor applies to build new oilsands project near Fort McMurray

Suncor is proposing to build a new oilsands project north of Fort McMurray that could employ as many as 1,000 workers during construction and 288 during operations, according to the company. This month, Suncor submitted documents to the Alberta Energy Regulator showing the oilsands giant intends to build the Lewis steam-assisted gravity drainage project 25 kilometres north of Fort McMurray.…

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Alberta marijuana grower says $56M in ATB financing a 'key milestone' for the industry

A medical marijuana grower in Olds, Alta., has secured a $56-million financing deal with ATB Financial in order to accelerate the second and third phases of the company’s expansion plans. That was the word Wednesday from Sundial Growers Inc., which plans to use the financing to develop a 19,509-square-metre (210,000-square-foot) structure with three production pods. The final $22 million will be…

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Credit unions get OK from feds to offer 'banking' services

Credit unions across the country will once again be able to use the words “bank,” “banker” and “banking” to describe what they do, thanks to a one-line entry buried on page 356 of the federal budget. Last June, the Office of the Superintendent of Financial Institutions (OSFI) announced it would start applying the rules of the…

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