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Economy

Expanded BMO Centre to propel tourism economy, help compete against rivals, says retiring Calgary Tourism CEO

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Cindy Ady, CEO of Calgary Tourism for the past decade, will retire at the end of the year, kicking into gear a national search for her successor.

Cindy Ady’s tenure at the helm of Tourism Calgary was bookended by two crises: a flood and a pandemic.

In both cases, the city managed to come out on top of those challenges. When the flood hit Calgary in 2013, putting on a successful Stampede was her first major achievement.

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“Even though we stuffed some things under the sofa … it worked,” she said.

Ady, CEO of Calgary Tourism for the past decade, will retire at the end of the year, kicking into gear a national search for her successor.

During those 10 years, she saw hotel occupancy dip to six per cent at the height of the pandemic. Yet, under her decade-long watch, Calgary’s tourism industry has gone from contributing $1.6 billion to $3.1 billion to the local economy, while its organization’s membership has increased nearly 60 per cent.

BMO Centre fireplace
A rendering of the 21-metre tall fireplace that will anchor the second floor of the BMO Centre expansion, set to open in June 2024. Photo by Supplied/Calgary Municipal Land Corporation

With the BMO Centre’s expanded convention hall slated to open in spring 2024 — a facility she advocated for since the start of her time as CEO — Calgary is on the verge of being able to host major events that compete with Canada’s largest cities, Ady said. It will be opening at a time when group travel is up, which she called a “fortuitous” development. Calgary will have hosted six “city-wide” conventions (those that bring in more than 600 hotel guest rooms) by the end of 2023, the agency said.

“The fact that we now can compete with the likes of Vancouver and Montreal and Toronto when it comes to the size of a convention centre, we have not had that opportunity,” she said.

The city has seen eight straight months of record numbers of hotel rooms being used, Ady said. “I actually, in 20 years, haven’t seen numbers like this before.”

 

More boosts for Calgary tourism industry to come online

And she marks upcoming developments such as the $205 million Glenbow Museum overhaul, the multimillion-dollar Arts Commons refresh and the Saddledome-replacing events centre as major upcoming landmarks that will add thrust to Calgary’s tourism industry, she said.

Missing links are remaining, Ady added, including a major hotel near the BMO Centre and eventual event centre that can support the crowds that come with them. Ady said the Calgary Stampede board of directors and the Calgary Municipal Land Corp. are actively working on that file.

“Now we really all need to focus on the sand between the rocks — the interconnectivity, the transportation opportunities,” she said.

When the city hosts major events, it needs to improve at connecting visitors to its range of transportation and other tourism opportunities, she said, given more than half of convention visitors also engage in the tourism economy during their stay.

“You can hurt your brand by not being ready,” she said.

The city has seen eight straight months of record numbers of hotel rooms being used, Ady said. “I actually in 20 years haven’t seen numbers like this before.” The city agency will be releasing its new 10-year strategy in the approaching months.

“We got to make sure we can deliver now. That’s the key. You can put the facilities up but you have to deliver.”

Ady’s optimism toward the city’s trajectory makes her retirement bittersweet.

“It’s time for that next set of legs to kind of pull it into its activation,” she said. “Within six years, this whole downtown core is going to be renewed and different than it is today.”

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Business

A timeline of events in the bread price-fixing scandal

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Almost seven years since news broke of an alleged conspiracy to fix the price of packaged bread across Canada, the saga isn’t over: the Competition Bureau continues to investigate the companies that may have been involved, and two class-action lawsuits continue to work their way through the courts.

Here’s a timeline of key events in the bread price-fixing case.

Oct. 31, 2017: The Competition Bureau says it’s investigating allegations of bread price-fixing and that it was granted search warrants in the case. Several grocers confirm they are co-operating in the probe.

Dec. 19, 2017: Loblaw and George Weston say they participated in an “industry-wide price-fixing arrangement” to raise the price of packaged bread. The companies say they have been co-operating in the Competition Bureau’s investigation since March 2015, when they self-reported to the bureau upon discovering anti-competitive behaviour, and are receiving immunity from prosecution. They announce they are offering $25 gift cards to customers amid the ongoing investigation into alleged bread price-fixing.

Jan. 31, 2018: In court documents, the Competition Bureau says at least $1.50 was added to the price of a loaf of bread between about 2001 and 2016.

Dec. 20, 2019: A class-action lawsuit in a Quebec court against multiple grocers and food companies is certified against a number of companies allegedly involved in bread price-fixing, including Loblaw, George Weston, Metro, Sobeys, Walmart Canada, Canada Bread and Giant Tiger (which have all denied involvement, except for Loblaw and George Weston, which later settled with the plaintiffs).

Dec. 31, 2021: A class-action lawsuit in an Ontario court covering all Canadian residents except those in Quebec who bought packaged bread from a company named in the suit is certified against roughly the same group of companies.

June 21, 2023: Bakery giant Canada Bread Co. is fined $50 million after pleading guilty to four counts of price-fixing under the Competition Act as part of the Competition Bureau’s ongoing investigation.

Oct. 25 2023: Canada Bread files a statement of defence in the Ontario class action denying participating in the alleged conspiracy and saying any anti-competitive behaviour it participated in was at the direction and to the benefit of its then-majority owner Maple Leaf Foods, which is not a defendant in the case (neither is its current owner Grupo Bimbo). Maple Leaf calls Canada Bread’s accusations “baseless.”

Dec. 20, 2023: Metro files new documents in the Ontario class action accusing Loblaw and its parent company George Weston of conspiring to implicate it in the alleged scheme, denying involvement. Sobeys has made a similar claim. The two companies deny the allegations.

July 25, 2024: Loblaw and George Weston say they agreed to pay a combined $500 million to settle both the Ontario and Quebec class-action lawsuits. Loblaw’s share of the settlement includes a $96-million credit for the gift cards it gave out years earlier.

Sept. 12, 2024: Canada Bread files new documents in Ontario court as part of the class action, claiming Maple Leaf used it as a “shield” to avoid liability in the alleged scheme. Maple Leaf was a majority shareholder of Canada Bread until 2014, and the company claims it’s liable for any price-fixing activity. Maple Leaf refutes the claims.

This report by The Canadian Press was first published Sept. 19, 2024.

Companies in this story: (TSX:L, TSX:MFI, TSX:MRU, TSX:EMP.A, TSX:WN)

The Canadian Press. All rights reserved.

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Economy

S&P/TSX composite up more than 250 points, U.S. stock markets also higher

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TORONTO – Canada’s main stock index was up more than 250 points in late-morning trading, led by strength in the base metal and technology sectors, while U.S. stock markets also charged higher.

The S&P/TSX composite index was up 254.62 points at 23,847.22.

In New York, the Dow Jones industrial average was up 432.77 points at 41,935.87. The S&P 500 index was up 96.38 points at 5,714.64, while the Nasdaq composite was up 486.12 points at 18,059.42.

The Canadian dollar traded for 73.68 cents US compared with 73.58 cents US on Thursday.

The November crude oil contract was up 89 cents at US$70.77 per barrel and the October natural gas contract was down a penny at US2.27 per mmBTU.

The December gold contract was up US$9.40 at US$2,608.00 an ounce and the December copper contract was up four cents at US$4.33 a pound.

This report by The Canadian Press was first published Sept. 19, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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Construction wraps on indoor supervised site for people who inhale drugs in Vancouver

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VANCOUVER – Supervised injection sites are saving the lives of drug users everyday, but the same support is not being offered to people who inhale illicit drugs, the head of the BC Centre for Excellence in HIV/AIDS says.

Dr. Julio Montaner said the construction of Vancouver’s first indoor supervised site for people who inhale drugs comes as the percentage of people who die from smoking drugs continues to climb.

The location in the Downtown Eastside at the Hope to Health Research and Innovation Centre was unveiled Wednesday after construction was complete, and Montaner said people could start using the specialized rooms in a matter of weeks after final approvals from the city and federal government.

“If we don’t create mechanisms for these individuals to be able to use safely and engage with the medical system, and generate points of entry into the medical system, we will never be able to solve the problem,” he said.

“Now, I’m not here to tell you that we will fix it tomorrow, but denying it or ignoring it, or throw it under the bus, or under the carpet is no way to fix it, so we need to take proactive action.”

Nearly two-thirds of overdose deaths in British Columbia in 2023 came after smoking illicit drugs, yet only 40 per cent of supervised consumption sites in the province offer a safe place to smoke, often outdoors, in a tent.

The centre has been running a supervised injection site for years which sees more than a thousand people monthly and last month resuscitated five people who were overdosing.

The new facilities offer indoor, individual, negative-pressure rooms that allow fresh air to circulate and can clear out smoke in 30 to 60 seconds while users are monitored by trained nurses.

Advocates calling for more supervised inhalation sites have previously said the rules for setting up sites are overly complicated at a time when the province is facing an overdose crisis.

More than 15,000 people have died of overdoses since the public health emergency was declared in B.C. in April 2016.

Kate Salters, a senior researcher at the centre, said they worked with mechanical and chemical engineers to make sure the site is up to code and abidies by the highest standard of occupational health and safety.

“This is just another tool in our tool box to make sure that we’re offering life-saving services to those who are using drugs,” she said.

Montaner acknowledged the process to get the site up and running took “an inordinate amount of time,” but said the centre worked hard to follow all regulations.

“We feel that doing this right, with appropriate scientific background, in a medically supervised environment, etc, etc, allows us to derive the data that ultimately will be sufficiently convincing for not just our leaders, but also the leaders across the country and across the world, to embrace the strategies that we are trying to develop.” he said.

Montaner said building the facility was possible thanks to a single $4-million donation from a longtime supporter.

Construction finished with less than a week before the launch of the next provincial election campaign and within a year of the next federal election.

Montaner said he is concerned about “some of the things that have been said publicly by some of the political leaders in the province and in the country.”

“We want to bring awareness to the people that this is a serious undertaking. This is a very massive investment, and we need to protect it for the benefit of people who are unfortunately drug dependent.” he said.

This report by The Canadian Press was first published Sept. 18, 2024.

The Canadian Press. All rights reserved.

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