NEW ANGEL GROUP LAUNCHES TO INJECT EARLY-STAGE CAPITAL INTO WESTERN CANADA TECH STARTUPS

BY ISABELLE KIRKWOOD  Canadian Startup News A new angel organization has formed with an aim to expand access to capital for early-stage tech entrepreneurs in Western Canada. This week, Calgary-based Allied Venture Partners​ announced the official launch of its angel investment group. Allied Venture Partners will make seed-stage investments across North America, with a focus on Western […]

Strategic group

Strategic group

Calgary – Strategic group is ordered to put properties with $650 million in mortgages into receivership. Strategic Group CEO Riaz Mamdani who spoke at an opening ceremony for cube, which is a former office building – which Riaz company has converted into residential use. Strategic Group was hoping to put more than 50 properties under […]

Lowe’s Home Improvement

Lowe’s Home Improvement

Lowe’s Home Improvement, is closing nearly three dozen outlets across Canada, including two in Calgary, due to underperformance. Lowe’s in Shawnessy, which employs 118 people, and the Rona in Midnapore, which employs 35, are scheduled to shut their doors Jan 31,2020. Underperforming stores are necessary steps in their plan to ensure the long-term stability and […]

Why co-working space exposes threat to companies to new legal risks

Why co-working space exposes threat to companies to new legal risks

Sharing an open office space whether it’s with your co-workers or other companies in your shared office space, it poses a potential threat. Why does this pose a legal risk? Sharing office space can let other employees oversee what you’re doing, as well as sneaking a peek at your personal information and confidential information. Therefore, […]

Protection for 50 commercial prop

Protection for 50 commercial prop

The city of Calgary – based real estate developers has obtained court-ordered creditor protection for mot than 50 commercial properties as it looks to restructure, citing the poor state of Alberta’s economy. Strategic Group CEO Riaz Mamdani said the company’s revenues have dropped significantly over the past five years and continue to fall as the […]

Husky Energy

Husky Energy

Canadians well known Oil and Gas energy company “Husky Energy” headquarter in Calgary gets struck hard again this month. 370 job loss and slashing spending by $500 million. These layoffs are compulsory for the economy to generate $70 million in savings and in hope to bring back jobs. Well known Oil and Gas energy company […]

Suncor Coke Boiler Replacement

Suncor Coke Boiler Replacement

Suncor Energy Inc. is spending $1.4 billion dollars to replace its coke fire boilers with two cogeneration) units at its oilsands plant north of Fort McMurray, Alta. These changes will help reduce costsand reduce greenhouse gas emissions associated with steam production by approximately 25 per cent. The project is expected to be in service in […]


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