Urban Outdoorsman
Active Member
Super glad to hear Neo's expanding. I've been with them for about 6 month's now and I've been really happy with their services! Proud that they're based here!
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- Thread starter Oddball
- Start date
JonnyCanuck
Senior Member
RBC chief executive calls for 'rapid action' on interest rates to tame inflation
Says multiple rate hikes needed to tame 'permanent, sustained' inflation
financialpost.com
It is pretty much consensus now that inflation is not transitory. Some damage is done and if left undeterred, further inflation will cause great harm to the economy and to the livelihood of every one of us. Our PM and his financial wizards are going to have to come terms with monetary policy even though he does not think it important ....to him, that is. There is a faction in the financial community that does not think rates will be raised for fear of bringing the economy to a screeching halt. Judging from the current stock market, investors don't think rates are going up either even though it has been signaled they will. Will rates go up or won't they? What is worse ... status quo or combating inflation with rate hikes?
darwink
Senior Member
Good thing is CAD$ is going up, which will take some price pressure off. As will it on exports, which will be an automatic stabilizing effect and help hold off rate hikes by making CAD priced exports less attractive, slowing business investment.
And transitory or not, we were below. Now we're above. I'm not worried. And why wouldn't a Bank want a return to more regular interest rates? It isn't like they're a disinterested observer.
And transitory or not, we were below. Now we're above. I'm not worried. And why wouldn't a Bank want a return to more regular interest rates? It isn't like they're a disinterested observer.
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Mountain Man
Senior Member
I've heard their software guys may stay in the Edison.
adamyyc
Active Member
This is the type of thing we need more of if Alberta is going to diversify and compete!
globalnews.ca
Alberta announces plans to fast-track visas for foreigners hired into province’s tech industry | Globalnews.ca
The Alberta government is getting behind tech companies trying to recruit international talent to the growing sector that is struggling to fill positions.
globalnews.ca
JustDandy
New Member
RBC chief executive calls for 'rapid action' on interest rates to tame inflation
Says multiple rate hikes needed to tame 'permanent, sustained' inflation
It is pretty much consensus now that inflation is not transitory. Some damage is done and if left undeterred, further inflation will cause great harm to the economy and to the livelihood of every one of us. Our PM and his financial wizards are going to have to come terms with monetary policy even though he does not think it important ....to him, that is. There is a faction in the financial community that does not think rates will be raised for fear of bringing the economy to a screeching halt. Judging from the current stock market, investors don't think rates are going up either even though it has been signaled they will. Will rates go up or won't they? What is worse ... status quo or combating inflation with rate hikes?
i have a hunch that interest rates won't go up by any meaningful amount, and the impacts to the GTA and Vancouver housing markets will be a temporary blip. Things have moved so far so fast people are sitting on a stupid amount of gains, hell one of my presale properties is sitting on a nearly $400k equity gain since July 2020.
I'm still looking to pick up a Calgary property as an investment and de facto contingency exit plan.
Chowda7
Active Member
EY to create 200 jobs, set up new finance hub in Calgary
The consulting and accounting giant, which operates in more than 150 countries, has already started hiring staff for the centre.
calgaryherald.com
"Calgary's affordable cost of living, well-educated workforce and quality of life were cited as key factors behind the company's decision"EY to create 200 jobs, set up new finance hub in Calgary
The consulting and accounting giant, which operates in more than 150 countries, has already started hiring staff for the centre.
Basically the same reasons my employer decided to make Calgary its backup hub.
darwink
Senior Member
Generations ago London, Ontario was the backup. Now they're part of the main hub, not affordable for early, mid career professionals, and Calgary is the main game in town. It is unfortunate we had the tough medicine of the past 5 years, but the next 10 are going to be even stronger because of it.
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Chowda7
Active Member
CTV News Calgary: U of C named among Top 5 research universities in Canada in 2021.
calgary.ctvnews.ca
U of C named among Top 5 research universities in Canada in 2021
The University of Calgary has been named among the top five research universities in Canada in 2021.
Chowda7
Active Member
Another record year for VC funding in Calgary in 2021. Total $322 million and most encouraging the number of pre-seed deals tripled although the number of Serie A deals actually decreased.
betakit.com
Calgary broke its venture funding record in 2021 as deal volume almost doubled
In 2021, Calgary tech companies raised a total of $322 million over 55 deals.
betakit.com
Silence&Motion
Senior Member
Ontario's small/mid-sized cities are really interesting from an urbanization perspective (especially compared to bigger, younger cities like Calgary). On the one hand, they have good bones from having city centers that were developed pre-WWII and that didn't face the same massive demolitions that occurred due to the skyscraper booms in places like Calgary and Toronto. A lot of them have universities that have kept an urban/bohemian culture alive over the decades (indie theatres, concert clubs, bookstores, etc).
On the other hand, over the decades, their local governments have embraced just about every flavour-of-the-month economic development strategy in the toolbox of a declining, backwater town: half-empty suburban-style malls occupying several downtown blocks, casinos surrounded by surface parking, fortress-style government office buildings, etc. It's still happening. Brantford recently demolished several blocks of 200-year-old commercial buildings to make room for a single big-box YMCA with zero active frontage. It's the kind of thing you do when the electorate of your town is comprised of cantankerous fogies or exurban commuters who live there only because they can afford a McMansion and still make the daily drive into the GTA for work.
ByeByeBaby
Active Member
Good news, although here's the bigger perspective:Another record year for VC funding in Calgary in 2021. Total $322 million and most encouraging the number of pre-seed deals tripled although the number of Serie A deals actually decreased.
Calgary broke its venture funding record in 2021 as deal volume almost doubled
In 2021, Calgary tech companies raised a total of $322 million over 55 deals.
Stephen Ave
Active Member
Vancouver and Toronto are where most of the money is going, but good that Calgary is on the list. I wonder where some of the other cities like Edmonton, Ottawa or Winnipeg sit?
Stephen Ave
Active Member
Looking back at a post by Surreal, I see different numbers for Calgary coming from this website In the reports at the other site, Calgary's numbers look more competitive relative to the other 4 markets. Both sets of data appear to be related to VC funding, curious what the difference is?