trtcttc
Active Member
Doesn't sound like a big conference (held at UofC not BMO) but crazy that our immigration department has gotten so bad that we're losing international events. Hopefully this doesn't affect the big Rotary one.
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- Thread starter Oddball
- Start date
JTron
Active Member
I’m not familiar with the issue at hand. Why would it be bad for Canada, but good for Alberta as long as it’s in Alberta?
DougB
Active Member
I would assume that the plant would buy from suppliers with existing quota, so really shouldn't matter. Supply Management in general is bad for Canada as it inflates prices, stifles innovation and creates political inertia.
jianxia15
Active Member
Shell going ahead with Canadian carbon capture and storage projects
The project is designed to capture about 650,000 tonnes of carbon dioxide annually.
calgaryherald.com
jianxia15
Active Member
Pembina, B.C. First Nation give green light to multibillion-dollar LNG project
Pembina Pipeline Corp. and the Haisla First Nation say they have made a final investment decision that will see them go ahead with their proposed US$4-billion Cedar LNG project off the B.C. coast.
jianxia15
Active Member
Bow Valley College reveals design for new esports arena
Esports are coming to Calgary in a big way, as Bow Valley College heads towards the completion of a new esport arena to be located in the college’s downtown south campus. The arena, which had…
livewirecalgary.com
badc0ffee
Active Member
I missed that it was "esports" at first. Given the size of the site, that makes more sense than an actual arena
jianxia15
Active Member
LithiumBank Announces Largest Known Lithium-Brine Resources in North America and Highest Resource Grade in Alberta
jianxia15
Active Member
Japan, S. Korea Refiners Join China in Buying Canadian TMX Oil - Canadian Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow
Asia’s crude oil imports from Canada’s newly expanded Trans Mountain pipeline will rise in September as major refiners in Japan and South Korea and a refinery in Brunei have bought their first cargoes alongside China, multiple trade sources said. The purchases come after exports commenced from...
energynow.ca
jianxia15
Active Member
Keurig Dr Pepper Canada selects Calgary region for its new distribution centre in Western Canada - Invest Alberta
Keurig Canada Inc., doing business as Keurig Dr Pepper Canada (KDP Canada), announced today an expansion of its distribution capabilities through an agreement with XTL Group (XTL) for the lease of a 100,000 square foot space in their new warehouse in Balzac, just outside of Calgary.
investalberta.ca
jianxia15
Active Member
For the first time, Alberta surpasses B.C. in attracting venture capital investment
Alberta surpasses B.C. in attracting venture capital investment dollars in the first half of 2024, marking a first for Wild Rose Country.
calgaryherald.com
Interesting article. BC will probably top Alberta again, but nice to see Albert/Calgary competitive. I don't have the numbers handy, but Calgary has been gaining on Vancouver in recent years, hopefully this is a trend. Also interesting to note is that out of Alberta's $383M, $346M of that (%90) is for Calgary based ventures.For the first time, Alberta surpasses B.C. in attracting venture capital investment
Alberta surpasses B.C. in attracting venture capital investment dollars in the first half of 2024, marking a first for Wild Rose Country.
CBBarnett
Senior Member
I always wonder about the actual value in these kinds of VC funding numbers broken out by city - how much, if anything does it translate to on the ground in the cities they list?
I assume there’s a few jobs that are supported, but loads of this work is distributed and international, raising money here doesn’t mean jobs or spending here necessarily. Plus funding is spent on all sorts of random things like data storage and processing, so doesn’t really mean anything to the locality in which the money was raised.
These articles are always a bit too boostery- big numbers with arrows that point up to help sell cities, but always stop short of explaining what practical value has been created in jobs or spending or local investments.
Perhaps I’m just too old now and don’t get this part of the economy, but these articles comparing VC funding seem a bit more of a sales pitch than a useful economic indicator. Would appreciate if someone was able to explain this to help change my mind.
InfrastructureEnthusiast
New Member
You aren't really wrong about the boosterey part, for Calgary the deals work out to roughly 10mil each, and that isn't necessarily an annual budget.
But each of those startups will employ at least a few local people, and lease a bit of office space. Some of the money will go into things like legal council, or engineering consultants which may or may not be local. Ditto with the data side, though many startups may not fully trust the cloud with their brainchild and decide to use a local data center instead.
Of course some could turn out to be elaborate money laundering schemes, but the bigger takeaway from the article for me is that people don't throw 10 mil at bad ideas, that kind of money goes to creative and ambitious types.
It's no surprise there's more of those in Calgary than Edmonton, but the really exciting part IMO is that Calgary is shaking the oil town reputation and taking on Vancouver for new entrepreneurial activity.
One never knows where the next Amazon may come from..