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Calgary & Alberta Economy
- Thread starter Oddball
- Start date
Chowda7
Active Member
Construction starting on Canada's largest solar farm
ca.finance.yahoo.com
$500M investment means construction to start on Canada's largest solar farm this year
Construction of what will be Canada's largest solar farm will soon start in southern Alberta after the project secured a major funding partner. Greengate Power announced Monday that the Travers Solar project in Vulcan County will receive $500 million in funding from Denmark-based Copenhagen...
JonnyCanuck
Senior Member
Trans Mountain scores a win as Federal Court dismisses First Nations' challenges
In a unanimous, 3-0 decision today, the court dismissed four challenges to that approval launched last summer by First Nations in British Columbia.
calgaryherald.com
What's happening? ? Keystone XL construction restarts. Pipelines getting approval (Line 3)! Now court challenges being dismissed (TMX)! Finally a run of good news for the energy industry. Now if we could only get one of the pipelines operational before the world forgets Canada still is an oil & gas producer.
Chowda7
Active Member
Calgary drew the fifth highest level of venture capitalist funding in the country for 2019 at $132 Million. Encouraging sign is that early and seed stage funding make up 50% of the total.
UrbanWarrior
Senior Member
that's not exactly great, considering we're the 4th largest metro and 3rd largest municipality.
Edit: But seeing we are only slightly behind Waterloo RM and ahead of Ottawa, I'm more content with our placement.
Edit: But seeing we are only slightly behind Waterloo RM and ahead of Ottawa, I'm more content with our placement.
Chowda7
Active Member
that's not exactly great, considering we're the 4th largest metro and 3rd largest municipality.
Edit: But seeing we are only slightly behind Waterloo RM and ahead of Ottawa, I'm more content with our placement.
Agreed plus the big thing for Calgary compared to a few of the other cities is that investment actually increased substantially in Q4 2019 so hopefully that means momentum going into 2020
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JonnyCanuck
Senior Member
Toronto and Vancouver seem to be getting the bulk of investment in this sector.BNN Bloomberg – Canada Business News, TSX Today and Interest Rates
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Chowda7
Active Member
That's not surprising to me. Honestly I don't expect Calgary to directly compete with the Toronto, Vancouver, Montreal markets. Rather I see Calgary becoming more of a secondary market for the tech firms which would still be very significant for us.
Chowda7
Active Member
Western Canada regional HQ for an angel investment organization is opening up in Calgary this Spring. Great to see the investment side of the tech ecosystem continuing to grow. This should help drive growth for the tech industry in the province.
calgarysbusiness.ca
Angel investor office opening in Calgary this spring - YYCCalgaryBusiness
In global rankings, Startup Genome’s 2019 Report listed Calgary and Edmonton as ecosystems that are in the early stages of emergence
calgarysbusiness.ca
JonnyCanuck
Senior Member
Alberta manufacturers, retailers struggle with fallout from blockades on CN Rail lines
Industries that ship their products across Canada by rail say Indigenous protests over a natural gas pipeline that have stopped much of the country's Canadian National Railway Co. network say the shutdown will likely have a widespread impact in Alberta.
calgaryherald.com
This disruption to the economy is Canada wide. It would seem that the grievances expressed by most indigenous groups is less about Coastal Gaslink, and more to do with injustices (some real, some perceived) done to aboriginals going back 100 years and more. I saw one interview on CBC on the weekend, where an indigenous woman was crying that 'our people are dying'. If you were just tuning in, you would think that the pipeline project is the cause of this.The 'no more fossil fuels' groups have jumped on this bandwagon to confuse things even more.
I fear that the precedent is now set. Going forward, any infrastructure project in Canada that affects indigenous land faces the same opposition. It does not matter that you consult with the band leadership in advance, and most importantly gain agreement. It does not matter if the project will create revenue and jobs for those same indigenous groups. It is never enough.
It is no wonder why we can't get anything done in this country.?
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Real Estate story, but some overall positive news.
calgaryherald.com
Calgary's housing market shows growing strength
The market is in better shape than you might think.
calgaryherald.com
darwink
Senior Member
The rental market is certainly tighter. Tenants gave notice and in a week have 15+ inquires with 10% higher rent. Late 2017 the market was dead.
gsunnyg
Senior Member
https://www.cbc.ca/news/business/mortgage-stress-test-1.5467330 although not a massive change, Im curious to see how the new stress test coupled with foreseeable lower interest rates are going to have an affect on our condo and rental market. Although I'm starting to like the recent trend of rental built apartments I'm wondering how long the trend will last if Calgarys housing market begins moving up towards a sellers market. Vancouver and Toronto have already priced out many middle class buyers so I would expect the rental trend to last a lot longer in those cities.
Co-sharing office space takes over 10 floors in Calgary downtown towers
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