Alberta's AI push could come with a big energy price tag
Generative AI has been taking the world by storm, and Alberta wants in on the action. The province currently has plans to break ground on at least six AI data centres this year. But, more data centres means more electricity usage, and in Alberta, that means more natural gas.
Joe Castaldo is a business reporter for The Globe and Mail. He's on the show to explain why Alberta is trying to become the next big data centre hub and what that means for the province's electricity needs and emissions.
Questions? Comments? Ideas? Email us at thedecibel@globeandmail.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
8 minutes ago
- Globe and Mail
iA Financial Group Named Canada's Best Auto Insurance Company for 2025 by Forbes
iA Financial Group has been named by Forbes magazine as Canada's best auto insurance provider in its 'World's Best Auto Insurance Companies' list. This prestigious award is presented in collaboration with Statista, the world-leading market research firm. The 'World's Best Insurance Companies' 2025 ranking is based on an independent survey of over 45,000 consumers in 15 different countries. The survey considered customers' overall recommendation, their general satisfaction, their loyalty, and five subdimensions: advice, customer service, price performance, transparency and claims service. 'We are honoured to be recognized by Forbes as Canada's Best Auto Insurer,' said President and COO of iA Auto and Home, Hugo Fortin. 'This award reflects the trust our clients place in us every day, as well as the hard work and dedication of our iA Auto and Home team. We are committed to continuously raising the bar for service excellence and delivering real value to our clients.' This recognition underscores the importance of innovation and client-centricity in the competitive insurance industry. iA Financial Group continuously adapts to the evolving needs of its clients by leveraging cutting-edge technology and fostering a culture of excellence throughout its operations. About iA Auto and Home A subsidiary of iA Financial Group for more than 50 years, iA Auto and Home offers general insurance products that meet the exact needs of its clients. It issues automobile, RV and leisure vehicle insurance policies, as well as home insurance products. About iA Financial Group iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is one of Canada's largest public companies. It is listed on the Toronto Stock Exchange under the ticker symbol IAG (common shares). iA Financial Group is a business name and trademark of
Globe and Mail
9 minutes ago
- Globe and Mail
3 Best Crypto Stocks to Buy Now, 6/11/25, According to Analysts
The cryptocurrency sector has entered the mainstream financing sector at a faster pace than expected. Although there is no single, unified law regulating cryptocurrencies, both investors and companies are making big bets on the sector's growth potential. Retail investors can also take advantage of the potential boom in the sector by investing in companies that mine digital assets or simply buy them and bulk up their treasuries. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Using TipRanks' Stock Comparison Tool for Best Cryptocurrency Stocks, we have identified three stocks with Strong Buy ratings from analysts. Here are this week's stocks: Riot Platforms (RIOT) – Riot Platforms is an American Bitcoin mining company, focused on expanding its operations by consistently increasing its Bitcoin mining hash rate and infrastructure capacity. In the last three months, all 10 Wall Street analysts covering RIOT stock have rated it a Strong Buy, with their 12-month average Riot Platforms price target indicating an upside of about 46.4%. RIOT stock is up 2.4% year-to-date. Strategy (MSTR) – Strategy is a software platform, providing business intelligence, mobile software, and cloud-based services. Strategy's business strategy involves buying and holding bitcoin for the long term. In the last three months, 12 Wall Street analysts covering MSTR stock rated it a Buy, while one analyst rated the stock a Sell. Their 12-month average Strategy price target indicates an upside of about 34.2%. MSTR stock is up 35.1% year-to-date. Nvidia (NVDA) – Nvidia is a semiconductor giant, whose GPUs (Graphic Processing Units) are used worldwide for training artificial intelligence (AI) models and for crypto mining. In the last three months, 35 Wall Street analysts covering NVDA stock rated it a Buy, while four analysts rated the stock a Hold, and one rated it a Sell. Their 12-month average Nvidia price target indicates an upside of about 19.8%. NVDA stock is up 7.1% year-to-date. View real-time prices of various cryptocurrencies, discover the latest happenings in the sector, and research crypto-related stocks on the TipRanks' Cryptocurrency page.
National Post
13 minutes ago
- National Post
S&S Activewear Strengthens Canadian Presence with Deeper Product Availability, Faster Delivery of Key Styles
Article content VANCOUVER, British Columbia — S&S Activewear, a leading technology-enabled distributor of apparel and accessories in North America, today announced the expansion of its product availability across Canada, with a particular focus on strengthening inventory depth at its Vancouver distribution center. The initiative ensures cross-country Canadian customers maintain consistent access to their preferred styles and brands with faster delivery times and reduced freight costs. Article content 'Our customers depend on us for consistent product availability and this enhanced inventory strategy in Vancouver demonstrates our commitment to meeting that expectation,' said Craig Ryan, VP of commercial Canada at S&S Activewear. 'We're providing the reliability and faster shipping that decorators and promotional product distributors need to serve their own customers effectively.' Article content S&S Activewear's Vancouver facility serves as a critical distribution hub for western Canada, complementing the company's Toronto operations to provide comprehensive coverage across the Canadian market. The facility will now stock popular owned brands and various private label collections favored by promotional product decorators and screen printers—including Team 365, CORE365, Harriton, Devon & Jones and North End—with delivery times dropping dramatically to western Canadian customers. Article content The announcement comes as part of S&S Activewear's broader commitment to adding more brands and inventory to its western distribution centers in 2025. The company's proactive inventory management approach includes strategic transfers between distribution centers and careful demand forecasting to minimize disruptions, reduce delivery times and decrease freight costs. Article content 'When our customers need it, we have it locally. That's the S&S advantage in action,' Ryan added. Article content Founded in 1988 and headquartered in Bolingbrook, Illinois, S&S Activewear is a leading technology-enabled distributor of apparel and accessories in the United States and Canada. S&S offers more than 100 brands, including basic garments to fashion-forward styles, with over 6 million square feet of warehouse space across North America. S&S services a broad range of customers through its nationwide network, including retail brands, e-commerce companies, garment decorators, promotional products distributors, entertainment merchandisers, lifestyle brands and web-based platforms for apparel customization. Article content Article content Article content Article content Contacts Article content Media Contact Article content Article content Hope Sander Article content Article content Article content
