Archive For The “Economy” Category

Growing demand in Saskatoon for high end office space

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Growing demand in Saskatoon for high end office space

Saskatoon’s skyline is set to see some big changes over the next few years.The change is mostly due to two new offices towers to be developed in the downtown core: a 13-storey office tower at River Landing and the recently announced $55 million dollar Saskatoon World Trade Centre at 3rd Avenue and 22nd Street. Story…

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BUSINESS REPORT: Earning season proves to be a blockbuster for U.S. equity markets

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BUSINESS REPORT: Earning season proves to be a blockbuster for U.S. equity markets

We’re well into second quarter earnings reports, and in the U.S. the results have been nothing short of spectacular, which is driving U.S. stock indices to new all-time record highs.Led by Boeing and AT&T Wednesday morning, and following huge bottom line surges by the major U.S. banks, investors are getting a magnificent ride as all…

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Disappointment on B.C.’s north coast as Pacific Northwest LNG scrapped

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Disappointment on B.C.’s north coast as Pacific Northwest LNG scrapped

The decision by Malaysian energy giant Petronas to pull the plug on a proposed multi-billion dollar LNG project on B.C.’s north coast is being met with disappointment from communities in the area.The Pacific Northwest LNG board announced on Tuesday that it would not proceed with a $36-billion export terminal at Lelu Island, near Prince Rupert.The…

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Summertime temporary workers may be fooled by common business scams: BBB

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Summertime temporary workers may be fooled by common business scams: BBB

Businesses are bombarded every day with calls and emails from clients, suppliers and contractors — but officials are warning some of them may not be legitimate.The Calgary Better Business Bureau (BBB) is reminding office managers to educate staff about common office scams, particularly while regular staff are on vacation during the summer. Story continues below…

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BUSINESS REPORT: The Loonie has topped more than 80 cents…now what?

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BUSINESS REPORT: The Loonie has topped more than 80 cents…now what?

The Canadian dollar is performing at a level that is top notch in the G-20, as it managed yesterday to hit the 80-cent level.Eighty cents is noteworthy, but not so much as how it got there. READ MORE: Canadian dollar hits nearly three-month high as greenback slides On May 7, the dollar was trading at…

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Aylmer-based ethanol plant to double production with $120M expansion

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Aylmer-based ethanol plant to double production with $120M expansion

A $120-million expansion means an ethanol plant in Aylmer will double its production capacity, and hire for 25 new high skilled jobs.Ontario’s Energy Minister Glenn Thibeault toured the IGPC Ethanol Incorporated Plant Monday, as employees and political representatives gathered to celebrate the achievement.“The construction jobs are going to be fantastic for the area,” Thibeault explained,…

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Shortage of drivers causing a ‘crisis’ in transportation industry: trucking association

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Shortage of drivers causing a ‘crisis’ in transportation industry: trucking association

According to industry experts, a crisis is looming in the transportation industry and at the centre of it all is a shortage of drivers.“[American Trucking Associations] were estimating up to 80,000 by 2020,” said Lane Jacobson, president of the Southern Alberta Truck Exposition Association. “Now they’ve corrected that number and they’re saying shortages of over…

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Siemens locks out employees ahead of Tuesday meeting in Tillsonburg

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Siemens locks out employees ahead of Tuesday meeting in Tillsonburg

Hundreds of people are questioning the future of their employment at Siemens Canada in Tillsonburg after the plant shut its doors Sunday night.“Please be advised, all production scheduled to start Sunday, July 16 at 11 p.m. is currently cancelled until further notice, so that all employees can attend the mandatory all-employee meeting on Tuesday, July…

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Housing demand continues to outstrip supply in B.C.

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Housing demand continues to outstrip supply in B.C.

The BC Real Estate Association is crediting what it calls a ‘strong economy’ for keeping housing demand above the long-run average.Even though home sales were down 9.6 per cent from the same time last year, along with the sales dollar volume, BCREA Economist Brendon Ogmundson says demand is still quite robust.In a statement, he says…

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Greater Vancouver housing market continues to defy expectations: Royal Lepage

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Greater Vancouver housing market continues to defy expectations: Royal Lepage

Royal Lepage is out with its latest House Price Survey and Forecast, and it says Greater Vancouver continues to be a sellers’ market, led by significant demand for condominiums.It says compared to a year ago, the aggregate price of a home in Greater Vancouver in the second quarter rose 2.6 per cent to $1.1-million. Story continues…

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