Business Roundup
Aug. 28, 2026
Representatives of the construction sector say they need to be involved in how extreme weather risks are addressed in project planning, procurement, and contract delivery. On Aug. 26, council's infrastructure committee heard from representatives from the Edmonton Construction Association, which represents the industrial, commercial, and institutional construction sectors, including contractors hired for public projects such as roads and neighbourhood renewal. The shortness of Edmonton's construction season has been exacerbated by repeat storms, and it can be hard to make up for weather-related delays, said Ryan Christensen, chair of the ECA's board.
The association is calling for risk to be fairly allocated in construction contracts. "Contractors can manage labour, productivity, and construction methods, but no contractor can manage record rainfall or prolonged weather events," Christensen said. "When weather moves beyond what could have been reasonably anticipated, the focus should not be on which party can absorb the impact. It should be on how project partners work together to overcome that." The ECA's Falynn Schellenberg said the city needs to offer contractors flexibility on schedules, contract administration, and sequencing to ensure projects are completed safely and to a high standard.
The Edmonton region experienced 34 thunderstorms in June and July, which dropped about 580 millimetres of rain. The city's administration said land development projects have been delayed due to rain, and some timelines for land sales in Goodridge Corners, the Exhibition Lands, and Blatchford will need to be pushed from 2026 to 2027. The rain caused delays for stages 2 and 3 of the Terwillegar Drive expansion, the Yellowhead Trail Freeway conversion, and the Valley Line West LRT, but overall, those projects are expected to be complete on schedule. Some work on the Capital Line South LRT will be rescheduled into winter or the 2027 season.
Economic development
- Premier Danielle Smith and Technology and Innovation Minister Nate Glubish were expected to host a virtual town hall about data centres on Aug. 27. Glubish has defended AI data centre development at previous forums amid boos, jeers, and profanity from attendees. Many at the Sturgeon County meeting opposed the projects over concerns about water, land, and electricity use; Glubish said the centres will provide jobs and be regulated to minimize environmental impacts. Mark Plamondon, the CEO of Alberta's Industrial Heartland Association, said he was surprised by the opposition.
- Edmonton Mayor Andrew Knack told Taproot he remains committed to Edmonton Global as a vehicle for regional economic development, even as five municipalities have left and three more are in the process of departing. "Unless you're going to put out almost unlimited money, you do have to prioritize," Knack said, adding that the agency's return on investment justifies Edmonton's continued support. The Aug. 28 episode of Speaking Municipally will have more.
- The Edmonton International Fringe Theatre Festival wrapped up its 45th edition with a record 825,000 visitors to its festival sites. This year's 209 indoor productions sold more than 142,000 tickets, including 550 sold-out shows, and returned $1.53 million to artists, up from $1.47 million last year.
- Game Con Canada in Edmonton resulted in seven Canadian developers landing publishing deals, organizer Chris Meilleur said. The event, to be held in Edmonton through 2031, is expected to grow from 55 to 250 booths next year, with plans to fully take over the Edmonton EXPO Centre by 2028. There will also be a third day added to the North American Games Industry Summit, an event preceding the convention with networking opportunities for indie game developers.
- Edmonton companies are up for dozens of Rosie Award nominations from the Alberta Media Production Industries Association, with the gala set for Nov. 7 in Calgary. Catapult Pictures's Crip Trip leads with 15 nominations, including best unscripted series, while Sticks and Stones is up for 12, many for The Secret Longtree Society.
- Edmonton Expo organizers said limited non-stop service between Edmonton and Los Angeles contributed to four of 30 scheduled celebrities cancelling ahead of the Sept. 18 to 20 event. In a statement, the Edmonton International Airport said there are six direct flights to Los Angeles, and it "remains focused on strengthening Edmonton's connections to Los Angeles and other key markets."
- Edmonton Unlimited is accepting applications until Sept. 5 for deep-tech founders to participate in curated one-on-one investor meetings during Edmonton Startup Week on Oct. 8.
Trade and tariffs
- Premier Danielle Smith called U.S. negotiators' demands "untenable" and "too painful" after Canada-U.S. trade talks collapsed, triggering 50% U.S. tariffs on a wide range of Canadian exports. But as Ottawa plans dollar-for-dollar retaliatory tariffs starting Sept. 8, Smith also rejected cutting off Alberta's energy exports. Former premier Jason Kenney said Canada should keep oil and gas exports as potential leverage in the trade war. "They should be mindful that if they really want to escalate, it will not end well for the American economy two months before mid-term elections," he told Global News, though he conceded that cutting off exports is not feasible.
- Due to high oil prices, the Alberta government is now projecting a $2-billion surplus, instead of the $9.4-billion deficit forecast in February. Finance Minister Jason Nixon said the windfall will not be applied to program spending, but rather potential relief for businesses affected by the tariff war, or perhaps energy rebates for Albertans.
- Richard Ozero of Parkland County's Good Morning Honey said Alberta honey is among the products hit by new U.S. tariffs after Canada-U.S. trade talks broke down. A 50% tariff now applies to about $6 million worth of Alberta honey exported annually to the U.S. "The Canadian honey has to go somewhere," Ozero told CTV News Edmonton. "If it's backed up back into Canada, now we're facing a glut of honey here, and that's going to suppress prices if we can't find other international buyers or encourage Canadian honey consumption."
Take the next step at Edmonton Startup Week
From Oct. 5 to 9, Edmonton's founders, innovators, investors, students, and big thinkers are coming together to learn, connect, and build momentum. Step in for candid panels and lunch-and-learns, step up through hands-on workshops and mentorship, and step forward at community meetups, Startup Crawl, Launch Party, and more. Wherever you are in your startup journey, there's a next step waiting for you.
Startups and SMBs
- Emissions Reduction Alberta will invest $15.7 million in five Edmonton-based projects advancing hydrogen, advanced manufacturing, and sustainable construction technology. Azolla Hydrogen will receive $3 million to deploy a methanol-to-hydrogen fueling system and rapid deployment station to expand access to affordable high-pressure hydrogen refuelling. Mangrove Lithium will receive just over $3 million to demonstrate the use of an industrial byproduct as a low-carbon material for concrete production. Quantiam Technologies will receive $3.4 million to develop technologies that convert captured carbon dioxide and clean hydrogen into low-emissions, low-cost methanol. VulcanX Energy Corp will receive $2.5 million to demonstrate a next-generation methane pyrolysis reactor that produces low-emission hydrogen and high-value solid carbon. Zylotex will receive $3.75 million to scale up production of low-emissions cellulose.
- ELIXR Simulations is running a playtest of a student-made augmented reality experience applied to Busyrawk's Azure Dragon of the East mural in Chinatown on Aug. 29. "The mural transforms, where you actually see the dragon come to life and then moving throughout the space," ELIXR's CEO Andrea Urbina told Taproot. The project was funded by a $140,000 grant from the province's Northern and Regional Economic Development Program to advance ELIXR's tech and train young talent; the next intake for the program opened on Aug. 24 and closes on Nov. 19.
- Keith Cleland shared the origin story of Aqua-Cell Energy, which is developing flow batteries powered by salt water as an affordable alternative to conventional lithium-based storage. "(We) are poised to help people save billions of dollars in energy costs while protecting the climate at the same time," he told Canada's National Observer. "This technology can be sourced locally, so it will strengthen national sovereignty and the economy."
- Edmonton HVAC company Trust Home Comfort is among the home-services companies to receive grants from Jobber's annual grants program. Owner Van Wu plans to use the $50,000 to add a service and installation vehicle, hire technicians, and upgrade tools and technology.
- The Métis Settlements Development Corporation has announced a new partnership with Stony Plain-based Carvel Electric, a Métis-owned electrical contractor operating across Alberta's energy, industrial, and commercial sectors. The organizations aim to combine MSDC's network with Carvel's contracting expertise to bring Métis-owned businesses into more electrical and construction opportunities.
- Four regional contractors — Acheson-based Prairie North Construction and BTO Contracting and Edmonton-based Eng-Con Holdings and Ventura Power and Gas — are merging to form Theoden Infrastructure. The combined company will have 350 employees and more than 250 pieces of heavy equipment, with the partners retaining their existing trade names during a 12- to 24-month transition.
- Shani Gwin, founder of pipikwan pêhtâkwan and wâsikan kisewâtisiwin, discussed building an Indigenous public relations agency and an AI-driven technology company as a Métis entrepreneur on the Women in Leadership and Entrepreneurship podcast.
- Antigoni Studios has announced the lineup for its Femtech Connect Summit, set for Sept. 21, as part of Life Sciences Week, featuring a panel that includes DiveThru founder Sophie Gray. Also at LSW, Future Fields has partnered with the University of Alberta to host an evening of panels and networking focused on sustainable research labs on Sept. 24.
- Proholistic Discovery, which is among the 10 companies to be celebrated at Launch Party during Edmonton Startup Week, spoke to Calgary Tech about its AI-powered platform aimed at reducing drug development failures by predicting how drug candidates are absorbed, distributed, metabolized, and excreted.
- Liquid Software CEO Ryan Malloy discussed building software for mid-sized businesses and charities on the Executive Wins podcast. Malloy, who transitioned from oilfield work to software entrepreneurship, said the company focuses on affordable, purpose-built solutions for businesses that have outgrown QuickBooks.
- Trust Science has received a U.S. patent for a machine-learning-driven identity system that builds a continuous profile of a person using partial or evolving data from multiple sources. The Edmonton-based fintech company said the technology supports applications from credit decisions and fraud prevention to document recovery.
- Valleyview IGA has reopened at 142 Street and 91 Avenue in the Parkview neighbourhood of west Edmonton. The store replaces the short-lived premium grocer L'OCA Quality Market, which closed both of its locations in March, and fills a space that Andy's IGA held for nearly six decades before owner Andy Taschuk retired in 2024. The new store has hired about 45 to 50 staff, some of them former L'OCA employees.
- The Globe and Mail profiled Aliya's Foods, the frozen-foods manufacturer behind the Chef Bombay brand. Chief operating officer Khadija Jiwani, who joined the family business founded by her parents in 1999, has helped grow the brand to more than 7,000 stores across Canada and the United States, with a new Mexican-American product line launching this fall.
Real estate
- Kingsway Mall has been acquired by Montreal-based Westcliff Management Ltd. Financial terms were not disclosed. The mall had been owned and managed by Oxford Properties since 2000. Westcliff president Alan Marcovitz said in a release that the acquisition "reflects our confidence in the Edmonton market and in the enduring value of retail destinations that bring people together."
- The federal government announced a $51.2-million low-interest loan for the Gilbertson Block, a 199-unit rental building in Mill Woods with many units planned as affordable housing. Rohit Group is building the six-storey project with Covenant Health as part of the larger Covenant Wellness Community, with completion expected in late 2027.
- A 696-unit student housing development at the 1947 Massey Ferguson building downtown has been approved. Faction has been hired to design and build four six-storey mid-rise buildings around two courtyards and a central pedestrian pathway while keeping most of the existing building intact. The building, designated a municipal historic resource in 2025, most recently served as a Healy Ford showroom and warehouse until the dealership moved to Sherwood Park in 2011. The first phase of the project is expected to be complete in June 2028.
- The St. Albert real estate market is returning to balance after years of a seller's market, with residential sales across the Edmonton region down 11% year-over-year in July. REALTORS Association of Edmonton board chair-elect Chris Hedstrom said the region now has three to four months of inventory — up nearly 18% from last year — and he expects a more balanced market to persist into fall.
More headlines
- Former Alberta premiers Rachel Notley and Jason Kenney have joined forces to co-chair a Canadian Chamber of Commerce campaign against Alberta separation, ahead of an Oct. 19 referendum on whether the province should remain in Canada or start the process toward a binding separation vote. "We'll no doubt be standing shoulder to shoulder on this up until we can put it to bed once and for all," Notley said.
- Three former University of Alberta Pandas soccer players — Janelle Janis, Keshia Weatherald, and Lyndsay Stewart — reflected on how their time as student-athletes shaped their business careers in a feature marking 20 years since they played together. Janis now leads event attraction and sponsorship for Explore Edmonton, while Stewart is an executive advisor with the Government of Alberta and Weatherald is a chartered accountant.
- Alberta has appointed Jennifer Venance as its first music commissioner, a new role created to support and grow the province's music industry. Venance has been a musician and music educator for more than 20 years, most recently as director of K-12 curriculum and French education with Alberta Education and Childcare.
- The University of Alberta is accepting applications until Aug. 31 for a Startup & Investor Speed Dinner during Edmonton Startup Week 2026. Eight founders who are raising capital or preparing to do so will be selected for a "speed dating" dinner with investors and ecosystem leaders.
- The organizers of the ASTech Awards have begun announcing finalists for its 37th annual awards, with the gala slated for Nov. 6 in Edmonton. The gala will be preceded by opening ceremonies in Calgary on Sept. 18.
- Aurora Cannabis has acquired two UK companies — Internode Pharma Limited and HAP Pharma Limited — to expand its medical cannabis distribution in the UK, one of Europe's largest medical cannabis markets.
- Aurinia Pharmaceuticals has settled patent litigation with Teva over its lupus nephritis drug LUPKYNIS (voclosporin). Teva acknowledged Aurinia's patents as valid and enforceable, and agreed not to launch a generic product in the U.S. before December 2036.
Happenings
Here are some events coming up soon:
- Aug. 28: Coffee with the Chamber starting at 8:30am at Edmonton Valley Zoo
- Aug. 28: The Advice Constellation: A Mentorship Circle in Edmonton starting at 6pm at Edmonton Public Library (Stanley A. Milner)
- Aug. 29: Stories in Motion: Chinatown AR Showcase & Community Feedback Weekend starting at 2pm at Mah Society of Edmonton
- Sept. 1: ERINnovation Meetup - BITO Lab Launch starting at 4:30pm at Edmonton Public Library (Stanley A. Milner)
- Sept. 2: India-Canada Investment Webinar: Oil & Gas, Renewable Energy & Advanced Manufacturing starting at 9am online
- Sept. 2: Community Coffee starting at 9am at Edmonton Unlimited
- Sept. 3: Edmonton Community Foundation's Community Grant Sessions: Coffee, Conversations & Funding Ideas starting at 10am at Edmonton Community Foundation
- Sept. 3: Startup TNT Happy Hour starting at 6pm at Fawkes
And here are more to keep in mind:
- Sept. 15: Edmonton Then and Now: The Leaders Who Shaped the City at JW Marriott (Edmonton ICE District)
- Sept. 24: Directors Crisis Playbook: Why Here, Why Now? at Royal Glenora Club
- Sept. 25: Edmonton Business Association Talks 2026 at Evario Events Centre
Visit the Taproot Edmonton Calendar for many more events in the Edmonton region.
This roundup was sponsored by CPA Alberta.
CPA Alberta is the professional organization for more than 30,000 Chartered Professional Accountants (CPAs) across the province. CPAs are known for the experience, expertise, and business acumen they bring to organizations everywhere. CPAs are leaders, entrepreneurs, business advisors, personal financial advisors, management consultants, financial analysts, and so much more!