Alberta economic decline to be most severe ever
The forecast 5.6 per cent year-over-year decline in the economy will be the worst in the country set off by collapsing oil prices, says RBC
Melcor laying off 25% of its full-time staff
Response to “unprecedented economic challenges brought about by the COVID-19 global pandemic and the drastic drop in the price of Alberta oil.”
Calgary Co-op introducing more safety measures
The grocery store retailer is installing plexiglass dividers in-store to provide additional distancing measures between shoppers and staff
Canadian GDP to contract by as much as 28% in Q2
Canadian GDP is expected to fall 4.1 per cent this year followed by a rebound of 5.1 per cent in 2021, says Scotiabank Economics report
Canada heading for a significant recession
RBC Economics forecasts a 2.5% decline in GDP this year and an 18% drop in the second quarter as a result of the coronavirus
Small business confidence in Canada plunges
Small business sentiment has never been this low in the Business Barometer’s 32-year history, including during the 2008 and 1990 recessions
Activity in Calgary’s top-tier real estate market subdued
Sales of $1 million-plus residential real estate contracted eight per cent in the first two months of 2020 to 57 properties
Trend in flexible office space
The trend in flexible office space in major cities across Canada is growing.
Shaw Communications founder JR Shaw has died
He grew Shaw into one of Canada’s leading connectivity providers, serving over seven million subscribers with cable, internet, voice, satellite and wireless