Pembina buying Kinder Morgan Canada for $4.35 billion

Pembina buying Kinder Morgan Canada for $4.35 billionPembina Pipeline Corp. is buying Kinder Morgan Canada and the Cochin Pipeline for $4.35 billion, it was announced on Wednesday. Pembina said the transaction values Kinder Morgan Canada at approximately $2.3 billion, or $15.02 per share, and Cochin U.S. at approximately $2.05 billion. Pembina will acquire assets including the Cochin Pipeline system, the Edmonton storage…

Homes should be as unique as the people who live in them

Brigitte Lepage talks about the Capstone Custom Homes values of caring for clients, being accountable, innovative and passionate

Homes should be as unique as the people who live in themBrigitte Lepage is co-owner of Capstone Custom Homes. What is Capstone Custom Homes and what does it do? Lepage: Capstone Custom Homes is a luxury custom home builder based in Calgary. We’re also a relationship builder, a people-focused business that builds outstanding homes. The relationships that we have with our clients and everyone we deal…

Oil/gas provinces dominate Canadian labour productivity

Oil/gas provinces dominate Canadian labour productivityAlberta had the second highest level of labour productivity in 2018 among the provinces ($78.50 per hour) after Saskatchewan ($79.90) and just ahead of Newfoundland and Labrador ($76.90), according to ATB Financial’s Economics & Research Team. Productivity for Canada as a whole was $59.40 per hour. In its daily economic update, The Owl, ATB said…

Anti-Alberta bigotry clothed in environmental clichés and platitudes

Anti-Alberta bigotry clothed in environmental clichés and platitudesDave Yager has spent nearly half a century in Alberta’s oil and natural gas industry and 40 years in journalism, notably with the oilfield trade magazine, The Roughneck. His first book, From Miracle to Menace: Alberta, A Carbon Story, combines his extensive experience in a well-written and fact-centred analysis of the economics, politics and history…

Number of petroleum wells drilled to drop by nearly one-third this year

Number of petroleum wells drilled to drop by nearly one-third this yearNearly one-third fewer petroleum wells will be drilled in Canada this year compared to 2018, according to an industry association. The Petroleum Services Association of Canada (PSAC), in its third update to its 2019 Canadian Drilling Activity Forecast, is again decreasing its forecasted number of wells to be drilled across Canada for 2019 from 5,300…

Marriott opens Edmonton luxury hotel complex beside Rogers Place

Marriott opens Edmonton luxury hotel complex beside Rogers PlaceMarriott's luxury hotel development in downtown Edmonton adjacent to the Rogers Place has thrown open its doors. Named the JW Marriott Edmonton ICE District, the development features 346 tech-integrated guestrooms and approximately 22,000 square feet of meeting and conference space. The company claims the district has Edmonton's largest event ballroom, featuring 9,000 square feet of…

Alberta cities lack tech talent of other major North American markets

Toronto ranked third, Vancouver 12th, Montreal 13th and Ottawa 19th in top-50 list: CBRE report

Alberta cities lack tech talent of other major North American marketsAs Calgary and Edmonton try to establish a significant tech industry in Alberta, a report released on Thursday by commercial real estate firm CBRE indicates just how far behind Alberta is when it comes to tech talent. Neither Alberta city made it to the top 50 list in North America for tech talent. But both…

Albertans’ retirement income expectations highest in country

RBC poll says many Canadian baby boomers worry about a retirement savings shortfall

Albertans’ retirement income expectations highest in countryMany Canadian baby boomers worry about a retirement savings shortfall and Albertans have the highest expectations for how much they think they’ll need to save for retirement, according to a report released on Thursday by RBC. In a poll, Albertans surveyed said they think they will have to save $1.1 million for their retirement. The…

Alberta EI beneficiaries continue to decline

In Canada, 441,310 people received regular benefits in May, up by 2,020 from the previous month but down 19,630 from a year ago

Alberta EI beneficiaries continue to declineThe number of people receiving regular Employment Insurance benefits continues to fall in Alberta. Statistics Canada reported on Thursday that there were 49,090 regular EI beneficiaries in the province in May, down 1,920 from April and a decrease of 4,120 from a year ago. “The decline was similar to the one observed in April. In…
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