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Alberta’s Industrial Heartland: an Under-Reported Economic Driver

We attended a function this week and had a presentation on a massive project that is being under-reported by the media.  Alberta’s Industrial Heartland, comprised of the City of Edmonton, Strathcona County, Lamont County, City of Fort Saskatchewan and Sturgeon County, is a non-profit association “dedicated to the sustainable development of Canada’s largest hydrocarbon processing[…]

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Whyte Avenue is About to Go Crazy

No, we’re not talking 2006 Oilers playoffs crazy (although we hope to see that again soon), we’re referring to a few unprecedented developments slated for construction. Much to the chagrin of many residents in the area, and against recommendations by senior planners, the City of Edmonton has now given approval to two 17-19 storey towers[…]

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A Surprising Graph on Non-Residential Permits in Edmonton (with Poll)

A five year graph of oil prices (WTI:$USD) shows the first 2.5 years hovering around $100 / barrel and the second 2.5 years hovering around $50 / barrel: With the oil prices making front page news for the past few years, it may come as a surprise to see how the development community in Edmonton has responded.  While many[…]

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Oil Dips Below $50 / Barrel

For the first time since December, oil prices have dipped below $50 / barrel (WTI:USD$).  We wrote a few weeks ago that the US shale industry poses a big risk to oil prices.  Incidentally, it just was announced by the Weekly Petroleum Status Report that US crude inventory rose to the highest amount since record keeping began.  The[…]

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Big Growth in Alberta Manufacturing, Incorporations and Exports

While Albertans have become accustomed to reading negative headlines, this week we are purveyors of good news.  Recent statistics show we have had a noticeable increase in year-over-year manufacturing sales, business incorporations and merchandise exports. More specifically, manufacturing sales in Alberta increased 7.5% from December of 2015 to December of 2016.  Entrepreneurs are also becoming[…]