Automation growing in upstream oil and gas industry

Technologies over the next 20 years such as robotic process automation, artificial intelligence, natural language processing and machine learning could gradually reduce oil and gas workforce jobs by up to 30 per cent

Automation growing in upstream oil and gas industryA new report says the COVID-19 pandemic and low commodity prices will accelerate job automation in the upstream oil and gas industry and automation could gradually replace 50 per cent of job competencies by 2040. The report by EY, Preparing for the future now: Rethinking the oil and gas workforce in 2040, said technologies over…

Alberta continues to face economic challenges

Tanya Fir, Alberta Minister of Economic Development, Trade and Tourism, talks about the current state of the economy in the province

On today's episode of Business Insider with Mario Toneguzzi, Tanya Fir, Alberta Minister of Economic Development, Trade and Tourism, talks about the current state of the economy in the province. Be our Next Guest on Business Insider: Click on the icon below to book a call: Click on the icon below to Subscribe to our…

Canadian merchandise trade deficit balloons to $3.2 billion

The value of exports in the second quarter was the lowest observed since the last quarter of 2010

Canadian merchandise trade deficit balloons to $3.2 billionCanada's merchandise trade deficit with the world widened from $1.3 billion in May to $3.2 billion in June, according to a report released Wednesday by Statistics Canada. In June, Canadian merchandise imports and exports rebounded sharply, mostly on the strength of motor vehicles and parts. Imports rose 21.8 per cent and exports were up 17.1…

Only 1 in 4 small businesses back to making normal sales

CFIB survey also found that 63 per cent of small businesses are fully open (+10 per cent since June)

Only 1 in 4 small businesses back to making normal salesOnly one in four small businesses are back to making normal sales, according to new data released Wednesday by the Canadian Federation of Independent Business (CFIB). ‚ÄúThis summer has been a hard one for small businesses. As Canadians drive or walk through their neighbourhoods, they see more open shops and restaurants and may believe that…
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