Calgary Business Warns Economic Damage from Alberta Separation Referendum

Friday, May 16, 2025, 1:21 pm more...

Leaders from Calgary’s business community have sharply criticized the proposed Alberta separation referendum. They warn that such a move would inflict lasting economic harm on both Alberta and Canada, undermining investor confidence and destabilizing regional markets, no matter the eventual outcome.

globalnews.ca / Stockwell Day supports Alberta vote on separation, doesn’t think referendum would get 50% support

globalnews.ca / Alberta separation referendum would be ‘bad for the country’: Calgary Chamber of Commerce

thestar.com / Separation referendum would be 'bad for the country': Calgary Chamber of Commerce

permalink / 3 stories from sources in 2 days ago #provincial #economy #business #albert +

Hudson’s Bay brand sale lands $30M deal with Canadian Tire

Thursday, May 15, 2025, 6:21 pm more...

In a nostalgic yet bold move, Hudson’s Bay has sold its iconic name and brands to Canadian Tire for $30 million. The deal marks the end of an era for the historic retailer and kick-starts a new chapter under a very different corporate banner.

theglobeandmail.com / Canadian Tire to buy Hudson’s Bay name, stripes, brands for $30-million

financialpost.com / Canadian Tire buying Hudson's Bay stripes and brand name for $30M: 'Meant to stay Canadian'

ledevoir.com / La Baie d’Hudson vend son nom et ses marques à Canadian Tire

cp24.com/ / Hudson’s Bay to sell name, stripes, brands to Canadian Tire for $30 million - CP24

citynews.ca / Hudson’s Bay to sell name, stripes, brands to Canadian Tire for $30 million

permalink / 6 stories from sources in 3 days ago #finance #trade #business #canada +

Record-breaking BC lottery jackpot spurs life change move

Thursday, May 15, 2025, 4:21 pm more...

Two stories report the same jaw-dropping lottery win in British Columbia—an $80-million jackpot that has not only upended lives but also inspired the winner to quit his job in favor of giving back. Clearly, lady luck has a humorous way of rewriting life plans.

theglobeandmail.com / B.C. man wins record $80-million lottery jackpot

theglobeandmail.com / B.C. winner of record $80-million lottery jackpot quits job, vows to give back to community

cbc.ca / B.C. winner of record $80M lottery jackpot quits job, vows to give back to community

globalnews.ca / Winner of Canada’s largest lottery was buying buns before spontaneous ticket purchase

thestar.com / B.C. winner of record $80M lottery jackpot quits job, vows to give back to community

permalink / 5 stories from sources in 3 days ago #business #bc #canada #vancouver +

National home sales show nearly 10% decline in April

Thursday, May 15, 2025, 11:21 am more...

New figures from the Canadian Real Estate Association reveal that home sales fell by almost 10% in April compared to last year, a drop attributed to lingering tariff uncertainties. The market slowdown underscores buyer hesitancy and injects a dose of economic skepticism into an already cautious outlook.

ledevoir.com / Les ventes résidentielles au Canada ont reculé de près de 10 % en avril

calgaryherald.com / A more balanced Calgary resale market sees prices decline in April

calgaryherald.com / Home sales dampen in areas near Calgary

nationalpost.com / Home sales down almost 10% annually last month

citynews.ca / Home sales down almost 10% annually last month: Canadian Real Estate Association

permalink / 5 stories from sources in 3 days ago #economy #finance #housing #business +

Poilievre criticizes no federal budget on investor confidence

Thursday, May 15, 2025, 11:21 am more...

Conservative leader Pierre Poilievre lambasted the government for its failure to present a federal budget, warning that this fiscal oversight sends a dismal signal to investors and rating agencies. His remarks cut through the political gloss, reflecting a broader market impatience for clear fiscal direction.

theglobeandmail.com / How Carney's Liberal government can function without a tabling a budget this year

globalnews.ca / Poilievre says lack of budget tabling sends ‘bad signal’

ledevoir.com / Poilievre veut un changement de cap sur le budget

theglobeandmail.com / Poilievre says the lack of a federal budget sends a ‘bad signal’ to investors

citynews.ca / Poilievre says the lack of a federal budget sends a ‘bad signal’ to investors

permalink / 5 stories from sources in 3 days ago #budget #business #poilievre #canada +

Enbridge pipeline stake sold to Indigenous groups in B.C.

Thursday, May 15, 2025, 9:22 am more...

Enbridge Inc. is set to divest its stake in a British Columbia natural gas pipeline system by selling it to Indigenous communities. The landmark deal, backed by a substantial federal loan guarantee, marks a significant step toward empowering local groups in energy ventures and reshaping regional resource management.

globalnews.ca / Enbridge sells stake in Westcoast pipeline to First Nations group

calgaryherald.com / Enbridge to sell B.C. gas pipeline stake to Indigenous groups

financialpost.com / Enbridge to sell stake in B.C. pipeline to Indigenous groups

permalink / 3 stories from sources in 4 days ago #business #indigenous #pipelines #bc +

Walmart braces for rising prices amid tariff pressures

Thursday, May 15, 2025, 9:21 am more...

Walmart reported robust quarterly performance but warned that escalating tariff costs would necessitate price hikes. Executives expressed unease over the volatile economic landscape, with tariffs adding pressure to already strained profit margins—leaving consumers to absorb the extra cost with a touch of exasperated resignation.

cp24.com/ / Are food price hikes the new norm in the face of U.S. tariffs? - CP24

globalnews.ca / Canadian shoppers to see higher costs amid trade war: ‘No alternative’

citynews.ca / Walmart says it will raise prices due to tariff costs after posting solid first quarter sales

ledevoir.com / Walmart va augmenter ses prix en raison des droits de douane

permalink / 7 stories from sources in 4 days ago #economy #trade #business #tariffs +

ATCO CEO warns separatism debate is harming investments

Wednesday, May 14, 2025, 7:21 pm more...

ATCO’s chief executive, Nancy Southern, candidly criticized the ongoing separatism discussion, asserting that such debates are already dampening investment confidence. Her strong stance underscores concerns from business leaders that further divisiveness could derail economic growth and compound fiscal uncertainties.

nationalpost.com / Jamie Sarkonak: Alberta’s separatist minority is too small, divided to get its way

nationalpost.com / ‘This is about the economy’: What motivates Alberta separatists

calgaryherald.com / Bell: Most Albertans want provincial government plan for how Alberta exits Canada – poll

edmontonjournal.com / Premier Danielle Smith's demands for Ottawa has Canadians divided: report

globalnews.ca / Alberta separatism talk ‘unhelpful’ and driving away investment: ATCO CEO

permalink / 6 stories from sources in 4 days ago #politics #economy #business #albert +

Telecoms Struggle with Reduced Roaming Revenues Amid Fewer U.S. Trips

Wednesday, May 14, 2025, 2:21 pm more...

Canada's major telecommunications carriers are reporting a dip in international roaming revenue as diminished U.S. travel impacts cross-border calls. With tariffs and trade tensions still hanging in the air, industry leaders brace for what may be prolonged financial challenges—a modern twist on lost phone bills.

globalnews.ca / Canada’s telecoms say roaming revenue is down as U.S. travel drops

citynews.ca / Telecoms say roaming revenue down as Canadians reduce U.S. travel due to tariffs

permalink / 2 stories from sources in 4 days ago #economy #finance #usrelations #business +

High-Stakes Parkland-Sunoco Deal Amid U.S.-Canada Tensions and Scrutiny

Tuesday, May 13, 2025, 3:22 pm more...

In a deal worth $9.1 billion, Dallas-based Sunoco’s bid for Calgary’s Parkland Corp. comes under intense examination as new national security guidelines stir concerns over economic sovereignty. With U.S.-Canada relations already on edge, the deal finds itself under a microscope—proving billion-dollar deals are never just business as usual.

globalnews.ca / Parkland-Sunoco deal comes amid fraught U.S.-Canada relations, resource nationalism

theglobeandmail.com / Parkland-Sunoco deal comes amid fraught U.S.-Canada relations, resource nationalism

permalink / 2 stories from sources in 5 days ago #usrelations #business #energy #canada +