Get ready Southern Alberta, winter is here.
Areas in Southern Alberta won’t just be the coldest places on earth this weekend, they’ll also be one of the snowiest in Canada.
Western Canada has a new group dedicated to helping founders with disruptive ideas go big without leaving the area.
That group’s name? Harvest.
Set up by SkipTheDishes co-founder and former CEO Chris Simair, Harvest has received initial investment capital from Western Economic Diversification Canada, to set up a large venture builder project.
Venture building firms are similar to incubators or accelerators in that multiple ideas are supported by one group, but also quite different in that normally no demo days are run. Instead, venture builders use internal resources to grow companies from within the organization. In effect, a venture builder is a start-up that builds startups.
Currently, Harvest also plans to leverage the unique infrastructure that built SkipTheDishes, in order to support its projects and is looking to set up offices across the Prairies. Possible cities for the company’s headquarters include Calgary, Saskatoon and Winnipeg.
According to CEO Chris Simair, the first company in Harvest’s portfolio, Neo Financial, has already grown to over “20 employees with plans to go to market next year.”
The inclusion of a firm dedicated to disruption could also greatly help the economy out west, which according to the Canadian government, has continuously lagged behind provinces such as Quebec and Ontario when it comes to venture capital funding.
It seems Alberta is in for more cuts.
According to the CBC, Huskey Energy CEO Rob Peabody revealed on a conference call Monday that his firm will be cutting 370 jobs this year as it looks to reduce spending.
“What we’re seeing is that (the reductions) will generate forward savings of about $70 million … per year,” said Peabody, adding the company will take a charge against earnings of $70 million in the fourth quarter to account for the cuts.
“We’re going to continue those efforts to capitalize on the fact we’ve created a more focused and a simpler company.”
While these cuts will provide roughly $70 million in savings, overall spending for 2020 and 2021 will be cut $500 million due to worsening market conditions.
The split will be heavier in 2021, with over $400 million coming in cuts.
Huskey stock has fallen by over 40% in the last year.
A female conservative journalist has been assaulted in Calgary by a left-wing protestor outside the United Conservative Party’s Annual General Meeting in Calgary.
According to a post made by the company’s main Twitter profile, Sheila Gunn Reid was assaulted while attempting to cover the protestors outside the event.
The event involved speeches by the NDP and included members from the Federation of Labour.
In response to the attack, Rebel Media has put out a $1,000 reward for anyone who can identify the assailant.
This is not the first time a journalist in Canada has been assaulted for their work. In 2018, a Toronto Sun photographer was assaulted by antifa members for doing his job. In 2017, Gunn Reid herself was assaulted, leading to a conviction and civil suit.
The Post Millennial reached out to Gunn Read, who said, “No one attempted to help me, in fact, the protesters continued to chant at us that we were Nazis after we were assaulted. CTV had a news truck sitting on the street running right beside where it all happened. It is evident in our footage from the incident.
This is the second time that this sort of thing has happened to me in an NDP protest and no NDP politician has ever renounced the violence against me. The NDP needs to dial down their rhetoric before somebody is seriously hurt.”
Bill Peters has resigned as the head coach of the NHL’s Calgary Flames after former player, Akim Aliu, accused him on racism on social media, according to Sportsnet.
The Calgary Flames’s general manager, Brad Treliving, made these comments during a press conference. During this, he also stated that Geoff Ward would take over as the interim coach.
Aliu accused Peters on Twitter of directing a racial slur towards the player “several times” when they were both in the AHL. Peters was Aliu’s coach during his time at the Rockford IceHogs.
After Aliu’s tweets, Peter’s released an apology, although he did not direct it specifically to Aliu.