News and stories about business related info and developments.
Business
Rev Engineering has consolidated its North American operations in Calgary, establishing a new 90,000-square-foot facility. This strategic move aims to meet the escalating demand for data center and critical power systems across the continent, complementing the company’s existing 35,000-square-foot operation in Arlington, Texas. By centralizing design, fabrication,
Business
The Canadian Investment Regulatory Organization (CIRO) is set to convene a disciplinary hearing on December 9, 2025, via videoconference from Calgary, to address allegations against Tiffany Lee Felker. Felker, a former Registered Dealing Representative with BMO Investments Inc., faces accusations of executing unauthorized transactions and updating client information without consent
Business
Calgary, AB – Canada has unveiled its Climate Competitiveness Strategy within Budget 2025, a significant initiative announced by Minister Eleanor Olszewski on November 9, 2025. This strategy is designed to bolster the nation's economic future by integrating comprehensive measures to drive low-carbon investments. The plan strengthens industrial carbon pricing,
Business
Calgary Short-Term Stays, a newly BBB-accredited luxury rental provider, is significantly expanding its offerings in anticipation of both the upcoming holiday season and the 2026 FIFA World Cup. The company, known for its upscale properties in Calgary's southwest, is introducing premium short- and mid-term rentals to cater to
Business
Calgary-based MEG Energy Corp. announced a record third-quarter production of 108,166 barrels per day on November 10, 2025, a significant achievement driven by efficient post-maintenance operations and the ramp-up of new facilities. The company demonstrated strong financial performance with Adjusted Funds Flow reaching $368 million and Free Cash Flow
Business
Teneo, a global CEO advisory firm, has significantly bolstered its Canadian operations with the strategic appointment of Martha Hall Findlay and Simon Kennedy as Senior Advisors. Announced on November 10, 2025, these additions are set to enhance Teneo’s presence in Calgary and Ottawa, deepening its expertise in energy, policy,
Business
The federal government is poised to unveil a significant housing announcement in Calgary, addressing local infrastructure and economic development needs. Corey Hogan, MP for Calgary Confederation, will represent Housing and Infrastructure Minister Gregor Robertson during the event scheduled for Wednesday, November 12, 2025, at 10:30 AM MT. The announcement
Business
Calgary-based Decibel Cannabis Company Inc. is set to release its third-quarter 2025 financial results pre-market on November 19, a highly anticipated update for the local industry. The company, recognized for its premium cannabis products, will host a live conference call at 10:00 a.m. MST to delve into the
Business
Calgary-based energy infrastructure firm AltaGas Ltd. has successfully completed a $500 million medium-term note offering, a strategic financial move executed on November 10, 2025. The notes carry a 3.025% annual interest rate and are set to mature on November 10, 2027. The proceeds, denominated entirely in Canadian dollars, are
Business
Calgary-based Gas Liquids Engineering Ltd. (GLE) has successfully completed its engineering scope for the Ridley Island Energy Export Facility (REEF) in British Columbia, marking a significant milestone for Canadian energy exports. The project, a joint venture between AltaGas Ltd. and Royal Vopak, aims to boost Canadian energy shipments to Asian
Business
Calgary’s accounting and financial services sector demonstrated robust performance in 2024, reporting a significant $30.3 billion in operating revenue. This marks a 7.3% increase from 2023, showcasing the sector’s enduring strength despite a broader national economic slowdown where GDP growth stood at 1.6%. While slightly
Business
Calgary, AB — Federal Budget 2025 is set to bring substantial infrastructure investments to Calgary, reinforcing Canada’s economic resilience with a national commitment of $1 trillion over five years. Locally, these funds are directed at bolstering community infrastructure, including a significant $51 billion allocation through the Build Communities Strong Fund.
