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Economy

Calgary Santas vow no lumps of coal as city stares down economic Grinch – Calgary Herald

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Santa, whose elf name is Michael Shepherd, poses in Calgary, Alta on Friday December 16, 2016. Jim Wells//Postmedia


A quarter-century after his first gig as a Calgary Santa, Michael Shepherd says the city’s economic doldrums haven’t dulled the twinkle in his eyes.

But they have made him adapt to a fiscal reality that’s played Grinch with some of his bigger jobs.

“There was one company with a $1,000 gig and one with a $500 or $600 one — and those are gone,” said Shepherd.

“There are layoffs and not so many kids, but there are some places that have doubled their (Santa) hours.”

The veteran St. Nick said he’s remained busy this holiday season, a dozen years after he left the shopping mall throne to do corporate and other party appearances.

But the nature of some of those jobs has changed.

If companies once had an adult Christmas party and another for their children that both demanded a Santa, “most places have gone just with the kids’,” said Shepherd.

Magicians, he said, are doing worse.

But if one of the city’s few dozen professional jolly old elves are short a few jobs, their red-suited colleagues will come sleighing to the rescue as part of a Santa support network, said Shepherd.

“I’ve turned gigs over to them . . . we all have to work together, we have to,” he said, adding he personally knows 10 other local Santas.

“There’s no need of a union.”

But some things never change, said Shepherd, who’ll join adults in their holiday merriment when the time is right.

When that moment arrives, he’ll peel off his red suit to spare it drink and food spills, and avoid dry-cleaning bills, in favour of underlying Kris Kringle apparel.

“For Kris Kringle, it’s just a puffy shirt, it doesn’t take long to clean,” he said.

The dean of Calgary’s Santa School also said its graduates have had to adapt to lumps of economic coal.

“While we might once have done a lot of corporate things, maybe (there are) more mall things instead,” said Jennifer Andrews.

“Some of our corporate customers are out of business, but if people aren’t paying top dollars, (Santas) are still finding a way to do it.”

Overall, bookings remain numerous, though the Santas have noticed some of the gifts at functions “aren’t as big as they always were, but there are still presents,” said Andrews.

Over the past 10 years, the Santa School has trained hundreds of red-clad mirth-makers while finding its grads bookings, she said.

Some of them have gone on to spread joy in places as far flung as Malaysia, Hong Kong and Sweden.

Calgary’s slumping economy, she said, has only bolstered the number of enrollees at the school.

“These are people that have been laid off or packaged out, and this is something they were definitely interested in pursuing but never had the time,” said Andrews.

Among those doing Santa on the side are an ex-RCMP officer, military vets, a judge, a physiotherapist and a lawyer, she said.

A laid-off oil and gas worker is “an excellent Santa, it’s his whole paycheque,” said Andrews.

No matter what happens to the economy, there’ll always be a place for Santas, catering to both adults and younger true believers, said Shepherd.

“I’ll do this until I die,” he said.

Said Andrews: “You speak to the needs of what they are now — you evolve, you always want to keep the magic alive.”

BKaufmann@postmedia.com

Twitter: @BillKaufmannjrn

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Economy

PBO projects deficit exceeded Liberals’ $40B pledge, economy to rebound in 2025

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OTTAWA – The parliamentary budget officer says the federal government likely failed to keep its deficit below its promised $40 billion cap in the last fiscal year.

However the PBO also projects in its latest economic and fiscal outlook today that weak economic growth this year will begin to rebound in 2025.

The budget watchdog estimates in its report that the federal government posted a $46.8 billion deficit for the 2023-24 fiscal year.

Finance Minister Chrystia Freeland pledged a year ago to keep the deficit capped at $40 billion and in her spring budget said the deficit for 2023-24 stayed in line with that promise.

The final tally of the last year’s deficit will be confirmed when the government publishes its annual public accounts report this fall.

The PBO says economic growth will remain tepid this year but will rebound in 2025 as the Bank of Canada’s interest rate cuts stimulate spending and business investment.

This report by The Canadian Press was first published Oct. 17, 2024.

The Canadian Press. All rights reserved.

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Economy

Statistics Canada says levels of food insecurity rose in 2022

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OTTAWA – Statistics Canada says the level of food insecurity increased in 2022 as inflation hit peak levels.

In a report using data from the Canadian community health survey, the agency says 15.6 per cent of households experienced some level of food insecurity in 2022 after being relatively stable from 2017 to 2021.

The reading was up from 9.6 per cent in 2017 and 11.6 per cent in 2018.

Statistics Canada says the prevalence of household food insecurity was slightly lower and stable during the pandemic years as it fell to 8.5 per cent in the fall of 2020 and 9.1 per cent in 2021.

In addition to an increase in the prevalence of food insecurity in 2022, the agency says there was an increase in the severity as more households reported moderate or severe food insecurity.

It also noted an increase in the number of Canadians living in moderately or severely food insecure households was also seen in the Canadian income survey data collected in the first half of 2023.

This report by The Canadian Press was first published Oct 16, 2024.

The Canadian Press. All rights reserved.

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Economy

Statistics Canada says manufacturing sales fell 1.3% to $69.4B in August

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OTTAWA – Statistics Canada says manufacturing sales in August fell to their lowest level since January 2022 as sales in the primary metal and petroleum and coal product subsectors fell.

The agency says manufacturing sales fell 1.3 per cent to $69.4 billion in August, after rising 1.1 per cent in July.

The drop came as sales in the primary metal subsector dropped 6.4 per cent to $5.3 billion in August, on lower prices and lower volumes.

Sales in the petroleum and coal product subsector fell 3.7 per cent to $7.8 billion in August on lower prices.

Meanwhile, sales of aerospace products and parts rose 7.3 per cent to $2.7 billion in August and wood product sales increased 3.8 per cent to $3.1 billion.

Overall manufacturing sales in constant dollars fell 0.8 per cent in August.

This report by The Canadian Press was first published Oct. 16, 2024.

The Canadian Press. All rights reserved.

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