Sandip Lalli steps down as Calgary Chamber’s CEO and President

The Chamber said it will eventually conduct a search for a new President and CEO. Murray Sigler has been named interim CEO

Sandip Lalli steps down as Calgary Chamber’s CEO and PresidentThe Calgary Chamber of Commerce announced Monday it was “repositioning” the organization due to the “unprecedented economic situation” facing the city and as a result of that it was “mutually agreed” that Sandip Lalli would be stepping down as its President and CEO. “Our Board of Directors would like to thank Sandip Lalli for her…

More Canadian commuters now walk or bike to work

One reason for the decline in private vehicle and public transit use may be attributable to the more than five-fold increase (from four per cent to 22 per cent) in Canadians working from home since the onset of the pandemic

More Canadian commuters now walk or bike to workA new report by Statistics Canada indicates more commuters now walk or bike to work than take public transit. Prior to the pandemic, 75 per cent of workers commuted to work by private vehicle, 13 per cent used public transit, seven per cent walked or cycled to work and about one per cent used another…

CNRL acquiring Painted Pony Energy

Acquisition consists of a cash consideration of $0.69 per share and it will also assume Painted Pony’s total debt of approximately $350 million

CNRL acquiring Painted Pony EnergyCanadian Natural Resources Limited has entered into an agreement to acquire Painted Pony Energy Ltd.  In a news release, CNRL said the acquisition consists of a cash consideration of $0.69 per share and it will also assume Painted Pony’s total debt of approximately $350 million.  CNRL said Painted Pony’s land and production are located within…

Calgary’s overall retail vacancy on the rise

Trends to watch in the retail sector include accelerated e-commerce growth with an emphasis on store pickup and the use of in-store automation to cut labour costs with increased convenience and limited contact

Calgary’s overall retail vacancy on the riseThe overall retail vacancy rate in Calgary increased from 5.5 per cent a year ago to 6.5 per cent at the end of the first half of 2020, according to a new report by commercial real estate firm CBRE. “The prospect pool of new emerging businesses to backfill the vacancy remains shallow as many existing…
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