Calgarians rebelled against the mother hens

Big forces were at play in the campaign to vote yes to hosting the Olympics. But public distrust was a more powerful force

Calgarians rebelled against the mother hensYou’ve probably already read and heard a lot of so-called experts explaining why the people of Calgary voted against a bid for the 2026 Olympic Games. A lot of the analysis misses the mark. On the surface, it appeared this venture was tailor-made for a city known for its entrepreneurism, can-do spirit and accomplished winter…

Is the ‘shale revolution‘ already winding down?

The efficiencies of shale exploitation technology may be sowing the seeds of a rapid decline

Is the ‘shale revolution‘ already winding down?Calgary’s Business and Troy Media are pleased to welcome Brad Hayes to our roster of contributors. Brad is president of Petrel Robertson Consulting Ltd., a geoscience consulting firm addressing technical and strategic issues around conventional and unconventional hydrocarbon exploration and development. He earned a PhD in geology from the University of Alberta, and a BSc…

Dazed and confused: legalizing cannabis offers no payoff

Provinces and municipalities face a bevy of expenses and a web of regulations. And the tax benefits at all levels are questionable

Dazed and confused: legalizing cannabis offers no payoffYou might wonder how legislators could lose money by legalizing and taxing an addictive substance. Behold, Canadian officials have outdone themselves with the rollout of recreational cannabis. Provinces and municipalities, many already in financial dire straits, have revealed a bevy of legalization costs. Meanwhile, tax projections suggest relatively slim pickings, given the size of the…

A bold alternative to pouring money into another Calgary Olympics

Why not pioneer an Alberta climate change caravan resettlement program as part of an emerging new west?

A bold alternative to pouring money into another Calgary Olympics“Back to the future!” This thought echoes in my brain as I contemplate the imminent plebiscite on whether Calgary agrees to the omnibus International Olympic Committee, provincial and federal offers to co-fund the Winter Olympic Games again, along with some $390 million in Calgary municipal taxpayer dollars. While most Calgarians who were part of the…

Crude oil and equivalent products production up 9.6%

Alberta (82.6%), Saskatchewan (10.3%) and Newfoundland and Labrador (4.7%) accounted for the vast majority of Canadian production

Crude oil and equivalent products production up 9.6%Canadian production of crude oil and equivalent products continued at a robust pace in August as production totalled 23.6 million cubic metres (148.6 million barrels), up 9.6 per cent compared with the same month in 2017, says Statistics Canada. And Alberta produced a record 19.5 million cubic metres of crude oil and equivalent products in…

Put an end to the use of seclusion rooms for children

We need a national conversation about how Canadian schools can better deal with issues that lead to the use of such rooms

Put an end to the use of seclusion rooms for childrenI’ve often wondered why there’s very little public outcry when the media reports on the cruel use of seclusion rooms for kids with developmental disabilities and delays in schools across Canada. I’ve worked with kids born with developmental disabilities since I was 16 years old. I started out as a respite worker for families through…

Why are investors souring on Alberta?

Policy uncertainty almost certainly plays a role

Why are investors souring on Alberta?Alberta’s economy has suffered in recent years. A major factor was world oil prices, which plummeted in 2014. And limited pipeline capacity, which fetches Canadian oil producers depressed prices for Canadian oil exacerbated Alberta’s economic woes. A number of metrics indicate that oil and gas investment in Alberta is in steep decline. According to a…

Shaw Communications revenue tops $5 billion in fiscal 2018

Wireless network investments remain the company’s top priority

Shaw Communications revenue tops $5 billion in fiscal 2018Shaw Communications Inc. saw revenue from continuing operations increase by seven per cent to $1.34 billion in its fourth quarter, which ended Aug. 31. The Calgary-based company also reported on Thursday that revenue was also up by roughly the same amount to $5.24 billion for its full fiscal year of 2018. Operating income before restructuring…

Husky Energy net earnings $545 million in third quarter

The company said it generated funds from operations of $1.3 billion in the quarter, up 48%

Husky Energy net earnings $545 million in third quarterNet earnings for Husky Energy soared in the third quarter of this year. The Calgary-based energy company reported on Thursday that net earnings were $545 million, a 300 per cent increase compared to $136 million in the third quarter of 2017. Net debt at the end of the quarter was lowered to $2.6 billion. “Husky’s…

Calgary’s entrepreneurial spirit will lead to long-term prosperity

The determination to succeed against, at times, daunting odds is in Calgary’s DNA

Calgary’s entrepreneurial spirit will lead to long-term prosperityAs Calgary tackles the challenge of reshaping its economy, the ‘can-do spirit’ is building on a legacy of achievement. Calgarians have a rich history of remarkable success that flows from lofty ambitions and embracing hard work. Think of the world-famous Calgary Stampede, the 1988 Olympics, a globally significant energy sector, or the hell-or-high-water recovery from…