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Calgary & Alberta Economy

Even if it made economic sense, a big if, I can’t see the Americans being able to get an approval that sticks.
 
www.barrietoday.com

Trans Mountain pipeline expansion on schedule, budget after one year, CEO says

CALGARY — A year after construction was allowed to restart on the Trans Mountain pipeline expansion, its chief executive says the project is on budget and on schedule for completion by the end of 2022.
www.barrietoday.com www.barrietoday.com

20200915130924-5f60f93d61ca0878e2938019jpeg.jpg
 
It's nice to see more of our tech companies concentrating downtown

renx.ca

Hines signs tech firms to leases at Calgary’s First Tower

There hasn’t been much good news in Calgary’s downtown office market over the past six years. However, Hines bucked the trend this week, announcing the signings of two local tech firms to leases at its downtown class-A First Tower. Symend
renx.ca renx.ca
 
It's been a surprisingly good year for tech in Calgary. VC funding is getting awfully close to breaking CAD 200 million for 2020 which would be an impressive milestone for Calgary. It's currently around 170 million as of September.
 
Wowza
Disraeli said:
It's been a surprisingly good year for tech in Calgary. VC funding is getting awfully close to breaking CAD 200 million for 2020 which would be an impressive milestone for Calgary. It's currently around 170 million as of September.
Click to expand...
wowza!

Any idea what the pipeline is like? Having a bunch at the lower end would hopefully mean can consistently hit that rather than have a few down years before another good one.

a number like that can start to be a virtuous circle if marketed right. Especially with the early stage r&d supports the province has put in. Hopefully will draw a few VCs to have a physical presence to try to scoop deals and better support their Investments. And more just draws more.

but if you have some down years then it starts to look like not a smart market to try to have an advantage in.
 
Disraeli said:
It's been a surprisingly good year for tech in Calgary. VC funding is getting awfully close to breaking CAD 200 million for 2020 which would be an impressive milestone for Calgary. It's currently around 170 million as of September.
Click to expand...

That's awesome so we are already over what we raised in all of 2019

www.pwc.com

Audit, Tax and Business Advisory Services – PwC Canada

PwC Canada helps Canadian businesses thrive, offering professional services, audit and tax expertise across industries that help solve important problems.
www.pwc.com www.pwc.com
 
darwink said:
Wowza

wowza!

Any idea what the pipeline is like? Having a bunch at the lower end would hopefully mean can consistently hit that rather than have a few down years before another good one.

a number like that can start to be a virtuous circle if marketed right. Especially with the early stage r&d supports the province has put in. Hopefully will draw a few VCs to have a physical presence to try to scoop deals and better support their Investments. And more just draws more.

but if you have some down years then it starts to look like not a smart market to try to have an advantage in.
Click to expand...
Better than before the oil bust that's for sure. The number of deals have increased almost every year alongside an increase in funding which is a good indicator of pipeline strength.
I agree, we've had a couple good years but we need long term consistency if we want to establish a reputation as a solid ecosystem to invest in.

potatopizzafan said:
is there somewhere we can see this data online?
Click to expand...
I just added together all the deals that are publicly known but PWC will publish a list in the new year with a breakdown assuming Calgary is in the top 5
 
Kind of a good news bad news article, but mostly good IMO. Jobs have been added in Calgary.

calgary.ctvnews.ca

Calgary a month behind in terms of COVID-19 relaunch, officials say

Officials say Calgary's economy is having a slow, but steady recovery after the COVID-19 lockdown, but statistics show the city's unemployment rate is still well into the double-digits.
calgary.ctvnews.ca
 
This would be a huge boost to the tech ecosystem if this goes through

betakit.com

MaRS in talks with University of Calgary to bring new innovation hub to Alberta | BetaKit

Toronto-based MaRS is in exploratory talks with the University of Calgary to bring a new innovation hub to Western Canada. MaRS confirmed to BetaKit Wednesday that it is hoping to bring its innovation hub model to Calgary in order to help accelerate innovation in the region. "We’re able to take...
betakit.com betakit.com
 
^^^ That's fabulous news!



Disraeli said:
It's been a surprisingly good year for tech in Calgary. VC funding is getting awfully close to breaking CAD 200 million for 2020 which would be an impressive milestone for Calgary. It's currently around 170 million as of September.
Click to expand...

Could we have a source please?

Edit: Oh I see you addressed that.
 
Chowda7 said:
This would be a huge boost to the tech ecosystem if this goes through

betakit.com

MaRS in talks with University of Calgary to bring new innovation hub to Alberta | BetaKit

Toronto-based MaRS is in exploratory talks with the University of Calgary to bring a new innovation hub to Western Canada. MaRS confirmed to BetaKit Wednesday that it is hoping to bring its innovation hub model to Calgary in order to help accelerate innovation in the region. "We’re able to take...
betakit.com betakit.com
Click to expand...

If this goes through I can see them setting up downtown which would go a ways to filling some of that vacant office space
 
Then... where is it gonna go? The article says no new building is being considered, and we don't have major, vacant office space near U of C.
 
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