Latest news with #Alberta-made
Calgary Herald
20 hours ago
- Business
- Calgary Herald
Alberta commits $2.8 million to small- and medium-sized businesses
A $2.8-million investment in the Trade Accelerator Program aims to help Alberta-made companies and businesses expand their reach to markets around the world. Article content In an announcement on Wednesday, the Minister of Jobs, Economy, Trade, and Immigration Joseph Schow announced the province's commitment to help Alberta's small- and medium-sized businesses and companies expand their reach into international markets. Article content Article content Article content TAP was established nationally in 2017, with Calgary Economic Development administering the program within Alberta in 2018. Article content Article content Over the last seven years, 550 Alberta-based businesses were provided with knowledge, mentorship and resources to help their ventures grow and reach international markets. Article content 'This means bigger revenues, and more jobs for Albertans across the province,' Schow said. 'And of course, we get to showcase Alberta's economic success to the rest of the world.' Article content Schow said the province values small businesses and wants to see them succeed beyond Alberta's borders. Article content 'Our government is fulfilling a gap to fund the Trade Accelerator Program by providing Calgary Economic Development with $2.8 million,' he said. Article content The investment will continue to support TAP for the next five years. Over this period, the program is expected to assist 650 more companies, while expanding services and resources for businesses looking to grow. Article content Article content 'Increasing trade is a priority for our government, which is why we are helping small- and medium-sized businesses grow,' Schow said. 'More than ever, we need to diversify our global trade and give businesses the tools they need to succeed.' Article content In return, Schow said Alberta will see more jobs, investments, and a stronger economy through programs like TAP. Article content 'Those are businesses that supply families with good, mortgage-paying, grocery-buying, sport fee-paying jobs,' Schow said. 'Those are supporting families right here in Calgary, right here in Alberta.' Article content By doing their part to empower small businesses, Schow said the province sees great things happening from their success. Article content President and CEO of Calgary Economic Development, Brad Parry, said this is an important step forward in helping local Alberta and Calgary businesses grow, scale and compete on a national and global scale.
Yahoo
13-06-2025
- Business
- Yahoo
Alberta proposes new oil pipeline to British Columbia, seeks private sector leadership
Alberta is seeking a private sector proponent for a potential new crude oil pipeline, aiming to connect the oil-rich province to the Port of Prince Rupert in British Columbia, reported Reuters. Premier Danielle Smith announced the initiative at an energy conference in Calgary, highlighting the province's strategy to engage with Canada's major pipeline companies. The proposed pipeline, which has the capacity to carry one million barrels per day (1mbbl/d), is part of Alberta's plan to diversify its oil export markets, which are currently heavily reliant on the US. This comes in the wake of trade tensions and tariff threats from the US, underlining the need for Canada to broaden its trade horizons. Premier Danielle Smith said in a statement: 'The federal government should act now to remove production caps and join us in supporting an oil pipeline to the west coast, increasing access to tidewater and ensuring we can continue to provide Alberta-made energy for our valued partners around the world.' Smith expressed the province's openness to a consortium approach for the pipeline's construction or to support a single company that steps forward as the main proponent. The province recognises the strategic importance of a new export pipeline in supporting the long-term growth of Canada's oil industry, which achieved record production last year with the opening of the Trans Mountain pipeline expansion in May, the report stated. The premier also touched upon the potential benefits of aligning the development of the pipeline with the Pathways Alliance carbon capture and storage project, which aims to reduce emissions from Canada's energy sector. However, the Pathways project, estimated to cost between $10bn (C$13.65bn) and $20bn, has yet to secure funding support from the government. Earlier this month, wildfires in Alberta resulted in the suspension of roughly 350,000 barrels per day of heavy crude production, approximately 7% of Canada's overall oil output. "Alberta proposes new oil pipeline to British Columbia, seeks private sector leadership" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Epoch Times
08-05-2025
- Business
- Epoch Times
Alberta Pauses US Procurement Policy Tied to Tariff Dispute, Citing Diplomacy
Alberta says it's pausing its new U.S. procurements policy that prevents government departments, agencies, school boards, municipalities, and Crown corporations from purchasing goods and services from U.S. companies. In March, the province said it was asking the organizations not to purchase from the United States following U.S. tariff announcements on Canadian products, which Premier Danielle Smith Service Alberta Minister Dale Nally said U.S. President Donald Trump has since put a hold on further tariffs and the province has decided to pause its procurement prohibition to pursue diplomacy until the U.S.-Mexico-Canada free trade agreement (USMCA) is renegotiated. 'In the spirit of diplomacy Alberta has decided to also pause any further escalations,' Nally said in a statement to The Epoch Times. Nally also said the government would continue with its existing ban on new purchases of U.S. alcohol and video lottery terminals (VLTs) through the Alberta Gaming, Liquor and Cannabis Commission (AGLC). Alberta Opposition NDP critic for jobs, economy and trade, Rhiannon Hoylehas said the government's decision to pause the procurement policy won't help local businesses and demonstrated a lack of leadership. Related Stories 4/10/2025 3/5/2025 'They should be supporting Albertans, supporting Team Canada. Instead, we have this government supporting Team Trump,' she said. The announcement comes after the province launched a buy local campaign to encourage residents to support Alberta-made goods. 'Now, more than ever, we need to shop local and buy made-in-Alberta products,' Minister of Agriculture R.J. Sigurdson said in an April 14 'The next time you are grocery shopping or go out for dinner or a drink with your friends or family, support local to demonstrate your Alberta pride. We are pleased tariffs don't impact the ag industry right now and will keep advocating for our ag industry.' U.S. tariffs of 25 percent are currently in place on Canadian steel, aluminum, and auto manufacturers, and 10 percent tariffs on energy. Tariffs are not imposed on Canadian imports that are covered under the U.S.-Mexico-Canada free trade agreement (USMCA). Alberta Tariff Response Alberta announced its response to U.S. tariffs on March 5, saying it was taking U.S. liquor off shelves, following a similar move by other provinces. Smith said she supported the federal government's measures, which put retaliatory tariffs of 25 percent on $30 billion worth of U.S. good, including steel and aluminum. Canada has also announced a 25 percent tariff on non-USMCA compliant vehicles. However, Smith said she was opposed to Ottawa potentially putting tariffs on oil and gas exports to the United States. She citing it as a reason for not signing a joint statement between the federal government and premiers in January on a united response to tariffs. Carolina Avendano and The Canadian Press contributed to this report.
