rssLatest News Releases

Posted: 1 week ago | 0 CommentsPipeline Rejection Angers Manufacturing Groups

U.S. manufacturing groups ripped President Obama's decision Jan. 18 to reject a construction permit for the Keystone XL pipeline as a major setback to the nation's energy security.

"The decision to say no to a project that would create 20,000 manufacturing and construction jobs - with an additional 118,000 indirect jobs -- defies logic when the U.S. is suffering from high unemployment and a struggling economy," said National Association of Manufacturers President Jay Timmons in a prepared statement. "For America's future, it's always better to choose sound policy over politics. Instead, the administration followed the political winds and rejected a clear way to create jobs."

Read More

Posted: 1 week ago | 0 CommentsDaily Economic Comment - Manufacturing Rides the $100 Oil Highway

Across North America, a nascent recovery in manufacturing is raising some hopes fo the general economy returning to health.  Factory floors and refineries in Alberta were doing more than their part to boost shipments towards the end of last year.

Read More

Posted: 3 weeks ago | 0 CommentsDaily Economic Comment - Canadian Businesses Less Optimistic

Economists track a lot of numbers - stock market movements, capital flows, and currency exchange rates - to get a sense of what the economy is doing.  But much insight can be gained simply by going out and asking companies what they’re experiencing.  And according to one survey Canadian firms are less optimistic.


In the most recent Business Outlook Survey (BOS) of the Bank of Canada, released this morning, companies are reporting lower expectations for sales growth in the next 12 months.  It is the first time since the beginning of 2009 that more companies expect the rate of sales growth to fall rather than rise.  (the BOS is a survey of about 100 firms across the country, and was conducted between Nov. 14th and Dec 14th, 2011)

Read More

Posted: 3 weeks ago | 0 CommentsDaily Economic Comment - Alberta Businesses Look to the Bright Side

As 2011 drew to a close, the Canadian economy appeared vulnerable to a myriad of global concerns, But according to a survey of members by the Canadian Federation of Independent Business, small and medium-sized enterprises are becoming somewhat more optimistic- a trend that is particularly evident in Alberta.


In December, the index of business optimism in this province stood at 73.6 - the highest in the country, and just ahead of second-place Saskatchewan (72.2). Nationally, the index has improved over the past few months, and stands at 65.0.


The CFIB's Business Outlook Survey in conducted monthly form a sample of 900 independent business participants across the country. The survey produces an index value between 0 and 100. Values above 50 indicate that business owners expecting their company's performance to be stronger in the next year outnumber those expecting weaker performance.


The nation-leading optimizing in Alberta is, perhaps, not a surprise. Growth in the province has outpaced most of the rest of North America, despite the growing worries in Europe and elsewhere. Strong expanding labor market have contributed to a healthy economy. As a result, Alberta's independent business owners are in a relatively buoyant mood going into 2012.
 

Read More

Posted: 3 weeks ago | 0 CommentsCARMA session to talk foreign workers

By The Associated Press
Published: January 04, 2012 7:33 PM

 
Too few young workers entering the labour market; too many older workers leaving it — the consequence could be a labour crunch that will threaten many companies’ ability to compete.

A solution might exist outside Canada in the form of foreign workers. And advice about how to tap into this source of human capital will be provided next Wednesday in Red Deer.

The Central Alberta Rural Manufacturers Cluster, a partnership between the Central Alberta Rural Manufacturers Association (CARMA) and Community Futures, is sponsoring an information session on planning for, selecting and securing foreign workers.

Read More