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Alberta

Travel Pass would rebate Albertans up to $200 for staycations

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From the Alberta NDP

ALBERTA TRAVEL PASS WOULD BOOST SUMMER TOURISM, SUPPORT BUSINESSES: NDP 

The Alberta NDP Caucus is calling for the introduction of an Alberta Travel Pass tourism voucher to encourage more Albertans to vacation in our province’s mountains and parks this summer.

Under the Alberta Travel Pass, families who vacation within the province this summer would be eligible for a one-time rebate of 20 per cent of their travel costs up to $1,000 for expenses such as accommodation, food and drinks, activities like museums and recreation, and petty expenses such as rentals or parking.

“In Alberta, the landscape is part of who we are: we are campers, hikers, mountain bikers and more. We are weekend warriors to the very core,” said NDP Leader Rachel Notley. “The Rockies are the ultimate staycation and the Alberta Travel Pass will encourage more families to spend their summer here, experiencing our beautiful parks, supporting local businesses and helping grow our economy.”

Notley called for the implementation of Alberta Travel Pass as part of her remarks Wednesday to the Bow Valley Chamber of Commerce.

It is estimated the program would cost approximately $30 million. Before COVID-19, Albertans spent about $7 billion dollars per year on travel outside of Alberta.

The Alberta Travel Pass is based on similar programs underway in Ontario and New Brunswick, where residents there are eligible for up to 20 per cent of their vacation expenses back in rebates or tax credits.

 

 

After 15 years as a TV reporter with Global and CBC and as news director of RDTV in Red Deer, Duane set out on his own 2008 as a visual storyteller. During this period, he became fascinated with a burgeoning online world and how it could better serve local communities. This fascination led to Todayville, launched in 2016.

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Alberta

“With success comes challenge.” Premier Smith to Alberta Municipalities

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Premier Danielle Smith delivered a keynote address at the 2023 Alberta Municipalities Convention in Edmonton.

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Alberta

Aurora Cannabis to raise $33.8M in share offering, plans to repay convertible debt

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EDMONTON — Shares of Aurora Cannabis Inc. were down more than 10 per cent after the cannabis company announced plans to raise $33.8 million in a share offering.

The company says Canaccord Genuity has agreed to buy, on a bought deal basis, 46,250,000 shares of the company at a price of 73 cents per share.

It has also granted Canaccord Genuity an over-allotment option for up to an additional 6,937,500 shares on the same terms. If the over-allotment option is exercised in full, the offering will total $38.8 million.

Aurora says it plans to use the money raised to repay the remainder of its outstanding convertible senior notes at or prior to maturity.

The company says the remainder, if any, will be used for strategic purposes, including potential acquisitions.

Aurora’s stock price was down 13 per cent at 79 cents per share in early trading on the Toronto Stock Exchange.

This report by The Canadian Press was first published Sept. 28, 2023.

Companies in this story: (TSX:ACB)

The Canadian Press

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