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.
“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.
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.”
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.
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.”
OTTAWA – Canada’s unemployment rate held steady at 6.5 per cent last month as hiring remained weak across the economy.
Statistics Canada’s labour force survey on Friday said employment rose by a modest 15,000 jobs in October.
Business, building and support services saw the largest gain in employment.
Meanwhile, finance, insurance, real estate, rental and leasing experienced the largest decline.
Many economists see weakness in the job market continuing in the short term, before the Bank of Canada’s interest rate cuts spark a rebound in economic growth next year.
Despite ongoing softness in the labour market, however, strong wage growth has raged on in Canada. Average hourly wages in October grew 4.9 per cent from a year ago, reaching $35.76.
Friday’s report also shed some light on the financial health of households.
According to the agency, 28.8 per cent of Canadians aged 15 or older were living in a household that had difficulty meeting financial needs – like food and housing – in the previous four weeks.
That was down from 33.1 per cent in October 2023 and 35.5 per cent in October 2022, but still above the 20.4 per cent figure recorded in October 2020.
People living in a rented home were more likely to report difficulty meeting financial needs, with nearly four in 10 reporting that was the case.
That compares with just under a quarter of those living in an owned home by a household member.
Immigrants were also more likely to report facing financial strain last month, with about four out of 10 immigrants who landed in the last year doing so.
That compares with about three in 10 more established immigrants and one in four of people born in Canada.
This report by The Canadian Press was first published Nov. 8, 2024.
The Canadian Press. All rights reserved.
The Canadian Institute for Health Information says health-care spending in Canada is projected to reach a new high in 2024.
The annual report released Thursday says total health spending is expected to hit $372 billion, or $9,054 per Canadian.
CIHI’s national analysis predicts expenditures will rise by 5.7 per cent in 2024, compared to 4.5 per cent in 2023 and 1.7 per cent in 2022.
This year’s health spending is estimated to represent 12.4 per cent of Canada’s gross domestic product. Excluding two years of the pandemic, it would be the highest ratio in the country’s history.
While it’s not unusual for health expenditures to outpace economic growth, the report says this could be the case for the next several years due to Canada’s growing population and its aging demographic.
Canada’s per capita spending on health care in 2022 was among the highest in the world, but still less than countries such as the United States and Sweden.
The report notes that the Canadian dental and pharmacare plans could push health-care spending even further as more people who previously couldn’t afford these services start using them.
This report by The Canadian Press was first published Nov. 7, 2024.
Canadian Press health coverage receives support through a partnership with the Canadian Medical Association. CP is solely responsible for this content.
The Canadian Press. All rights reserved.
As Canadians wake up to news that Donald Trump will return to the White House, the president-elect’s protectionist stance is casting a spotlight on what effect his second term will have on Canada-U.S. economic ties.
Some Canadian business leaders have expressed worry over Trump’s promise to introduce a universal 10 per cent tariff on all American imports.
A Canadian Chamber of Commerce report released last month suggested those tariffs would shrink the Canadian economy, resulting in around $30 billion per year in economic costs.
More than 77 per cent of Canadian exports go to the U.S.
Canada’s manufacturing sector faces the biggest risk should Trump push forward on imposing broad tariffs, said Canadian Manufacturers and Exporters president and CEO Dennis Darby. He said the sector is the “most trade-exposed” within Canada.
“It’s in the U.S.’s best interest, it’s in our best interest, but most importantly for consumers across North America, that we’re able to trade goods, materials, ingredients, as we have under the trade agreements,” Darby said in an interview.
“It’s a more complex or complicated outcome than it would have been with the Democrats, but we’ve had to deal with this before and we’re going to do our best to deal with it again.”
American economists have also warned Trump’s plan could cause inflation and possibly a recession, which could have ripple effects in Canada.
It’s consumers who will ultimately feel the burden of any inflationary effect caused by broad tariffs, said Darby.
“A tariff tends to raise costs, and it ultimately raises prices, so that’s something that we have to be prepared for,” he said.
“It could tilt production mandates. A tariff makes goods more expensive, but on the same token, it also will make inputs for the U.S. more expensive.”
A report last month by TD economist Marc Ercolao said research shows a full-scale implementation of Trump’s tariff plan could lead to a near-five per cent reduction in Canadian export volumes to the U.S. by early-2027, relative to current baseline forecasts.
Retaliation by Canada would also increase costs for domestic producers, and push import volumes lower in the process.
“Slowing import activity mitigates some of the negative net trade impact on total GDP enough to avoid a technical recession, but still produces a period of extended stagnation through 2025 and 2026,” Ercolao said.
Since the Canada-United States-Mexico Agreement came into effect in 2020, trade between Canada and the U.S. has surged by 46 per cent, according to the Toronto Region Board of Trade.
With that deal is up for review in 2026, Canadian Chamber of Commerce president and CEO Candace Laing said the Canadian government “must collaborate effectively with the Trump administration to preserve and strengthen our bilateral economic partnership.”
“With an impressive $3.6 billion in daily trade, Canada and the United States are each other’s closest international partners. The secure and efficient flow of goods and people across our border … remains essential for the economies of both countries,” she said in a statement.
“By resisting tariffs and trade barriers that will only raise prices and hurt consumers in both countries, Canada and the United States can strengthen resilient cross-border supply chains that enhance our shared economic security.”
This report by The Canadian Press was first published Nov. 6, 2024.
The Canadian Press. All rights reserved.
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