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Economic Status

Calgary’s DIRTT seeking to break into residential construction industry

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CALGARY C As the American home construction industry rebounds, one Calgary-based interior planning and manufacturing company is looking to break in. DIRTT Environmental Solutions, a business that uses proprietary software to streamline interior planning and work place projects, is targeting renewed development in the U.S. construction sector to go in the residential market. “We’re going head-on into the construction industry, ...

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Retail sales bounce back in January, but experts don’t expect the good times to last

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OTTAWA – By almost equal measure, Canada’s retail sector has been both good and not-so-good in recent months. Now, it seems shoppers are back inside a good mood. But for how long? Consumers rebooted their spending at the start of 2016, making up for the 2.1-per-cent loss in retail purchases in December with a matching rise in buying during January ...

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Kevin Libin: Pour some ketchup for the victims of the French’s revolution

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Stuff the freezers with only McCain pizzas! Ketchup connoisseurs face a very different Canada today. There’s more danger that topping your fries having a splatter of Heinz could earn a dirty look from a fellow diner. Perhaps even a lecture from an Ontario busybody ready to tell you just how you’re insufficiently patriotic. After this week’s social networking hounding of ...

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SNC-Lavalin slashes another 950 positions amid restructuring, including 600 in Canada

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MONTREAL — SNC-Lavalin is eliminating 950 jobs all over the world, including 600 in Canada. The Montreal-based engineering and construction firm says all the employees affected happen to be notified, with most having already left. The company says the downsizing in Canada mainly involves employees in Ontario and Alberta, followed by Quebec, and follows the removal of 4,000 positions in ...

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Federal government defines ‘upstream emissions’ for proposed energy regulations

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Twitter Google+ Reddit Email Typo?More Comments LinkedIn TumblrPinterest DiggFarkItStumbleUpon OTTAWA – The us government has officially slapped a definition on “upstream emissions,” which are now being factored into all environmental reviews for major oil and gas projects. The Department of Environment and Climate Change quietly released its proposal Friday for which should be come under the classification during environmental assessments of large energy ...

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Penn West Petroleum Ltd retreats from one of its core areas, selling Slave Point in northern Alberta for $148M

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CALGARY — Penn West Petroleum Ltd. says it has negotiated the sale of an additional $230 million of assets, including a formerly core property in the Slave Point section of northern Alberta. The Slave Point transaction may be worth $148 million. The sale of non-core assets will prove to add an additional $80 million in cash. Penn West says the ...

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Canada’s inflation slows to 1.4% in February on lower gas prices

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OTTAWA – Canada’s annual inflation rate cooled off to 1.4 per cent in February, down from 2.0 percent in January, mostly because of a decline in gasoline prices. Inflation by province and territories Canada’s national inflation rate was 1.4 percent in February, Statistics Canada says. Here’s what happened within the provinces and territories. (Previous month in brackets): – Newfoundland and ...

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DavidsTea co-founder, namesake, David Segal resigns as chain’s brand ambassador

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TORONTO – David Segal – the David behind DavidsTea Inc. – has resigned as brand ambassador for that Montreal-based tea retailer he created and co-founded. Segal, who first envisioned creating a boutique business to sell blended loose-leaf teas when he would be a student in Quebec, founded the organization in 2008 together with his cousin Herschel Segal, the magnate behind ...

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