Business Roundup
July 3, 2026
Edmonton city council is set to debate three rezoning applications on Monday that would see ambitious direct control zones shrunk to allow buildings between eight and 18 storeys. Westrich Pacific has applied to rezone two properties in Wîhkwêntôwin. The developer has proposed rezoning a lot at 10004 112 Street from a direct control zone that allows for a 35-storey building to the mixed use zone, which allows for a 12-storey building. Westrich has also applied to rezone three lots a block away, at the corner of 100 Avenue and 111 Street, from a direct control zone that allows for a 18-storey building to the medium-scale residential zone, which allows for an eight-storey building.
This isn't the first time developers have downzoned central projects that would have placed among the tallest buildings in Edmonton. Several lots surrounding O-day'min Park were rezoned into standard, shorter zones in the last year. Henry Edgar of Autograph Group told Taproot "towers are just too expensive" after the company rezoned its lot at 10157 106 Street. Autograph had initially proposed to build two towers at 38 and 35 storeys with 780 units, but now plans to construct a seven-storey building with about 200 units.
Meanwhile, Yorkton Equity Group has applied to rezone the Pacific Mall site and an adjacent parking lot in Chinatown to allow for an 18-storey building and a six-storey building, respectively. The current zoning allows for buildings up to 38 storeys high. Administration said it supports the application because the proposed buildings would align with Chinatown's economic development plans.
Economic development
- Prime Minister Mark Carney and Premier Danielle Smith announced the proposed route for the West Coast Oil Pipeline Project. It will run from Bruderheim to an unspecified destination on the southwest B.C. coast along the Trans Mountain pipeline route, Smith said. Smith submitted a proposal to the Major Projects Office on July 2, the same day as the announcement, that names Pembina Pipeline (a partner in the newly approved $4.6 billion Greenlight Energy Centre) and Trans Mountain Corporation as private partners. Carney made a "low-ball" estimate that the pipeline will create $200 billion in direct investment and create more than 175,000 jobs. At the same news conference, Carney said the Oil Sands Alliance and the federal and provincial governments have agreed on terms for the Pathways carbon capture utilization and storage project.
- The Edmonton Chamber of Commerce hosted Finance Minister Jason Nixon for a conversation on Alberta's fiscal outlook, oil price volatility, and plans for a new pipeline. Nixon noted that oil prices have significantly exceeded budget projections, creating an opportunity for strategic investment. He said "there is no path forward for Alberta without Canada, and there is no path forward for Canada without Alberta."
- Representatives from the Edmonton region visited Eurosatory 2026, one of the world's largest defence and security exhibitions, which took place in Paris earlier this month. Participants from the University of Alberta, the City of Leduc, Sarcomere Dynamics, and RUNWITHIT Synthetics showcased the Edmonton region's advanced manufacturing and defence ecosystem.
- Sherritt International Corp. is shutting down operations at its Fort Saskatchewan refinery after running out of feed material from its Moa mine in Cuba, which suspended operations due to fuel shortages caused by U.S. sanctions cutting off Venezuelan oil. The company says no jobs were lost and that it is continuing to produce fertilizers and sulphuric acid using existing inventory. The refinery is the only producer of battery-grade cobalt in North America, Richard Hiller of the Energy Futures Lab told The Canadian Press.
- Tourism spending in the Edmonton area reached $2.5 billion in 2024, driven by a mix of international visitors, out-of-province travellers, and growing staycation interest as rising costs prompt Albertans to vacation closer to home. The Tourism Industry Association of Alberta projects moderate growth of 1–3% for the rest of 2026, citing global economic uncertainty and high fuel costs as factors that could dampen momentum.
- KDays has partnered with 55 food and beverage businesses to offer free tickets when customers purchase items themed around the event. The KDays Local Business Partnerships program has distributed 52,000 tickets and brought in $460,000 for business partners since launching in 2024.
- Bryanna Kumpula-Yung of Bar OA Farms and Eiblis Doherty of Strathcona County Tourism delivered a presentation on what they've learned about making agritourism work at the Global Agritourism Conference in Aberdeen, Scotland. "The question is no longer whether agritourism matters, it's how communities can support it effectively," they said in their talk, noting the efforts Strathcona County has made to enable farmers to diversify as part of its tourism strategy.
- The recent Game Con Canada and North American Games Industry Summit in Edmonton attracted about 40,000 attendees, highlighting the city's importance in Canada's gaming scene. Lucid Rain showcased its game Inferius at GCC, winning awards, thanks partly to support from Edmonton Screen. The event, which also featured a BioWare panel, underscored the potential of Alberta's gaming industry, despite the lack of a provincial tax credit.
- The Opportunity Calgary Investment Fund has invested up to $368,000 in Applied Pharmaceutical Innovation to expand the company's Calgary team and establish a life sciences commercialization centre at the Biohubx facility. The funding is expected to support 16 companies and create two high-skilled jobs over two years, and will also establish a graduation-pathway partnership with the Life Sciences Innovation Hub.
- Shauna Feth of the Alberta Chambers of Commerce argued that separation uncertainty is already costing Alberta businesses — economically and reputationally — long before any referendum takes place.
- MacEwan University president Annette Trimbee said Alberta needs to redesign its post-secondary funding framework to address enrolment growth, community impact, and operating costs. MacEwan anticipates 30,000 students by 2030, with programs tailored to labour market demands. Trimbee noted that more than 90% of its alumni stay in Alberta.
- Edmonton Centre MP Eleanor Olszewski, the minister responsible for emergency management and community resilience, visited the University of Alberta on June 24 to highlight the launch of the National Food Security Strategy, which aims to put Canada more in control of its own food system. The strategy's objectives are to spur grocery store competition, boost domestic food production, grow fruits and vegetables year-round, and decrease regulation in the agricultural supply chain.
- Visionstate is raising up to $1 million through a private placement to accelerate commercial expansion of its MIRA Compliance Intelligence Platform. The company plans to use the proceeds to grow enterprise sales, expand into the U.S. market, and develop its AI-powered compliance tools for hospitals, airports, shopping centres, and other facilities.
- PCL Construction has earned Platinum Club status in Canada's Best Managed Companies for a 25th consecutive year, making it one of the program's longest-standing honourees with 31 appearances overall.
- Business in Edmonton profiled the Alberta Enterprise Group, a business advocacy organization founded nearly 20 years ago whose member companies collectively employ more than 150,000 Albertans. The AEG advocates on economic policy, connects business leaders with government, and organizes trade missions to promote Alberta as an investment destination.
Startups and SMBs
- Alberta's early-stage entrepreneurial activity and angel investment are above national averages, while business scaling, exits, and product innovation trail the national average, says the Global Entrepreneurship Monitor Alberta Report. "What we can take away from this report is that Alberta remains an incredible place to start a business, fueled by ambitious founders, diverse communities, and a supportive financial framework," wrote ATB's Carol Kamel. "But starting a fire isn't the same as keeping it burning."
- Aeternum founder Aaron Tong celebrated being selected for the Backing Canadian Small Businesses cohort from DMZ and American Express Canada. He said the $10,000 non-dilutive grant and 12 weeks of mentorship will help the company accelerate Project Aegis, its UI/UX research initiative dedicated to making digital legacy preservation accessible to older people.
- The Alberta Machine Intelligence Institute will offer its AI literacy programs through the African Canadian Civic Engagement Council's ANZA 2.0 Entrepreneurship Ecosystem program. "Contributing to the growth of Black-owned businesses means equipping leaders with the knowledge to confidently navigate this technological shift, transforming AI from a complex concept into an accessible tool for sustainable growth," Amii's Mitchell McCaig said in a release.
- The Alberta Machine Intelligence Institute announced five new curriculum resource packages for post-secondary instructors, marking one year of its AI Workforce Readiness program.
- Matt Aubin of KEEN Creative discussed serial entrepreneurship on the Executive Wins podcast. He shared how community, leadership, and incremental improvements shaped his journey building multiple businesses, including Blakhausens, VentureOut, and Woven Technologies.
- Serial entrepreneur Kari Enns, founder of ScaleIQ, joined the Business Development Podcast to discuss how resilience, community, and authentic human connection will be key competitive advantages as AI reshapes business.
- Cree-Métis entrepreneur Veronica McRae, a NAIT alumna, became the first Indigenous owner of Western Varieties Wholesale — Canada's largest retailer and wholesaler of Indigenous goods — after working at the Edmonton company for 14 years as an accountant. McRae plans to expand the 20,000-square-foot store's community programming, tourism offerings, and global reach, with a vision of eventually bringing Indigenous goods to international markets.
- ATS Traffic is marking 60 years in business, having grown from a flashing light barricade rental company founded in 1966 into Canada's largest 3M-certified sign manufacturer, with 16 branches and more than 500 employees across North America. CEO Bobby Cantera said the company's future will be built on data, technology, and smart infrastructure as cities grow and traffic projects become more complex.
- Business in Edmonton profiled Leading Edge Physiotherapy founder Grant Fedoruk, who has grown the company from a single five-bed clinic in 2008 to dozens of locations across Alberta and B.C., accumulating more than $3 million in charitable donations along the way.
- Gummy Nutrition Lab's gummy supplements are now available in airports across Canada through Paradies Lagardère, the company shared with Taproot. The company has also secured shelf space and promotion from Walmart Canada.
- The team behind Waffle Bird is looking for a new operator for Woahnuts, a waffle-doughnut business that they haven't been able to focus on. They are offering recipes, production space, and mentorship to the right candidate in exchange for a portion of future sales. Waffle Bird's restaurant at 10347 80 Avenue NW is also home to Twist & Taste.
- Marion Fyshe, vice-president of business development at McNish Steel, discussed joining and sustaining the family-owned rebar fabrication business on the Women in Leadership and Entrepreneurship podcast. Fyshe, who joined the company in 2013, emphasized the importance of intentional communication, long-term thinking, and relationship-driven business development in a multigenerational family enterprise.
- Fourteen months after a suspected arson destroyed 25 businesses at Plaza 34 — a hub for Edmonton's South Asian community on 34 Avenue — no arrests have been made, and the rebuild is still incomplete. Operators from Bombay Spices, which has stayed at Plaza 34, and Spice Centre, which has moved nearby, described the myriad challenges they've faced with CBC Edmonton's Radio Active.
- Rain has been dampening Edmonton's food truck business this summer. Kona Ice operator Sal Maredia told Global News that sales plummet for his cold treats on cold and rainy days. Meanwhile, Crystal Reid of Firewheel Fusion Kitchen said it's no picnic for hot-food vendors either, noting food waste costs and low return on investment for markets.
- The Alberta government ordered a rollback of minimum alcohol prices in bars and restaurants, directing Alberta Gaming, Liquor and Cannabis to immediately reverse the hike, which had raised the minimum pint price from $3.20 to $5.
Find things to do in the Edmonton region
The Taproot Edmonton Calendar brings together events from across the Edmonton region so you can spend less time searching and more time participating. Find useful, local listings that help you get oriented and stay connected.
Real estate
- The Hive by Elev is now accepting student move-ins at 9629 102 Avenue NW in The Quarters, with rent starting at $588 per month for 65 fully furnished units. The building, a converted Salvation Army Centre of Hope co-developed with Five Oaks, sits steps from The Quarters stop on the Valley Line LRT. "I see it as an opportunity to try new things — to get creative, to get innovative, to leverage different resources," Elev co-founder Jean Bruce Koua told Taproot. "I think The Quarters has a lot of opportunities, and it's just a matter of taking a risk."
- A three-year, $34-million renovation project has been completed, upgrading nearly 2,000 subsidized homes across Edmonton. Mayor Andrew Knack and federal minister Eleanor Olszewski toured the renovated properties, which include subsidized townhomes and apartments. The project was supported by $19.6 million from the federal government and $14 million from the City of Edmonton, modernizing buildings with improved insulation, windows, and accessibility features. However, more than 10,000 families remain on Civida's waiting list for housing, according to CEO Bree Claude.
- St. Albert's housing needs assessment identified gaps in the diversity of options for homeownership, the supply of purpose-built rentals, and the amount of non-market housing for seniors and people of all abilities. The report will inform an affordable housing strategy to be developed in the coming months and satisfies a new federal requirement for infrastructure grant eligibility.
- Residents in Edmonton's Mill Woods area are considering the use of restrictive covenants to oppose infill developments, such as eight-plexes. The legal tool restricts land title changes, aiming to maintain existing community structures. Rio Terrace has successfully used this method to curb infill for more than a decade.
- There's no need to choose between infill and outfill, argued Murtaza Haider, executive director of the University of Alberta's Cities Institute and Toronto-based Stephen Moranis. Canada's housing needs are many and varied, they wrote. Infill works especially well near transit and is most suitable for smaller families, while outfill (or suburban development) is better for bigger families and is cheaper when considering the number of occupants.
- Social Life Magazine explored Devon's pros and cons for home ownership in the context of the region, noting its property tax rate of about 0.81% and housing priced as low as $139,000.
- Spruce Grove introduced a city centre tax incentive program to encourage commercial and mixed-use redevelopment in its downtown core. The program offers a municipal property tax abatement during the early years after redevelopment for qualifying projects within the First Avenue and McLeod Avenue precincts.
- The downtown office market is recovering from years of post-pandemic instability, with return-to-office trends driving more than 100,000 square feet of positive absorption in the first quarter of 2026 — all of it in the financial and government districts. Demand is concentrating in Class A and AA buildings with strong amenities, according to experts at Avison Young and CBRE Edmonton, while older buildings face pressure from rising costs and weaker tenant interest.
- The organization formerly known as NAIOP Edmonton is now the Commercial Real Estate Development Association – Edmonton, or CREDA for short. The rebrand aligns with NAIOP chapters across North America.
- Imperial Equities Inc. has purchased the Interstate Battery building at 118 Avenue and 158 Street for $5 million. The 22,315-square-foot industrial warehouse on a three-acre site adjoins existing Imperial Equities properties along 118 Avenue.
More headlines
- MacEwan University has appointed Kassie Burkholder as its new associate vice-president of entrepreneurship, a newly created role. Burkholder, a MacEwan alumna and a Top 40 Under 40, most recently served as executive director of corporate and continuing education at NAIT.
- An Alberta court ruled that a private electric scooter is an automobile under the province's Insurance Act, allowing Aviva Canada to deny Section B no-fault accident benefits to a rider injured when the driver of a corporate minivan turned into his path in a downtown Edmonton bike lane. The court said it is up to the Alberta government to update definitions as powered micro-mobility devices multiply, noting the rider retains a separate tort claim against the minivan's driver.
- Business in Edmonton highlighted that the United Way of the Alberta Capital Region is marking its 85th anniversary, crediting business leaders' involvement with success programs like All in for Youth, which is linked to improved school attendance and graduation rates.
- Cheryll Watson argued that Edmonton's city leadership would make better decisions by regularly experiencing city services the way residents and business owners do, as compared to relying solely on reports and dashboards. She drew on her time at Intuit, where all employees were required to use the company's own products as customers would.
- A new Real Canadian Superstore is coming to the Riverview community in southwest Edmonton, with construction expected to begin this year and the store slated to open in the latter half of 2027.
Happenings
Here are some events coming up over the next seven days:
- July 7: Speed Networking starting at 5pm at P.F. Chang's
- July 7: Dirty Soda Social starting at 6pm at Hawke Prohibition Distilleries
- July 8: Community Coffee starting at 9am at Edmonton Unlimited
- July 9: Loan Readiness: Understanding Financial Projections starting at 1pm online
- July 9: Agricultural Service Board (ASB) Farm Tour starting at 7:30pm at Sturgeon Agriplex
- July 9: EBA Goes Lawn Bowling starting at 5pm at Commonwealth Lawn Bowling Club
And here are some upcoming events to keep in mind:
- July 17: Edmonton AI Tech & Finance Networking Event at The Bell in Scona
- July 19-23: Pacific Northwest Economic Region Summit: Gateway to Growth at JW Marriott (Edmonton ICE District)
- July 21: Coffee with the Chamber at KDays starting at 8:30am at Edmonton EXPO 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!