Calgary companies dominate TSX's top 30

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🗳️ Question of the Week

Calgary companies dominate this year’s TSX30

Last week, the Toronto Stock Exchange released its annual list of top-ranking stocks, and Calgary companies came out on top. Now in its sixth year, the TSX30 highlights companies based on dividend-adjusted share price performance over a three-year period.

It’s been a big year for the natural resource sector. The oil and gas, industrial products and services, and mining sectors make up the majority of this year’s ranking, with 25 of the 30 companies listed fitting into that bracket.

Calgary companies dominated the list, with a full fifteen of the 2024 TSX30 companies calling the city home:

• ARC Resources

• Athabasca Oil Corporation

• Canadian Natural Resources

• Cardinal Energy

• Cenovus Energy

• CES Energy Solutions

• Computer Modelling Group

• Imperial Oil

• MEG Energy

• NuVista Energy

• Obsidian Energy

• Olympia Financial

• Pheonix Technology Services

• Secure Energy

• Spartan Delta

Several of the companies included in this year’s ranking have been listed previously on the TSX30 — NuVista Energy, MEG Energy, and ARC Resources are now in their third consecutive year.

🤝 Funding, Deals, and Partnerships

• Government of Canada announces investment to support training in the skilled trades in Alberta. The Minister of Employment, Workforce Development and Official Languages announced more than $1.1 million in funding for three projects under the Canadian Apprenticeship Strategy’s Investments in Training Equipment stream. Government of Canada

• PwC Canada and AWS Launch "Jump Start Your Career" program, fueling next generation of cloud engineering talent. PwC Canada will invest $500,000 in pre-graduate certification and training. PwC Canada

• Alberta Securities Commission launches $130,000 tech challenge in bid to combat crypto scams. The organization estimates $309 million of investment fraud reported last year was tied to crypto. Betakit

• Two UCalgary projects funded by CIHR program. The projects focus on antimicrobial resistance and health system training. University of Calgary

• Syantra secures $4.9 million in Series A-1 funding; adds Dr. Rick Mangat to board of directors. The funding will empower Syantra to fast-track clinical validation and commercialization of its platform for early detection of breast cancer. Syantra

• Schulich Leader Scholarship winners focus on driving innovation and creating change. Six incoming students have received one of the prestigious STEM scholarships. University of Calgary

• Request for Proposal: Calgary region transportation and logistics sector study. Calgary Economic Development works with business, government, and community partners to position Calgary as the location of choice for attracting business investment, fostering trade, and growing Calgary’s workforce. Calgary Economic Development

📰 Need To Know

• Calgary tops North American cities for tech job growth. Calgary is now the fastest-growing tech talent market in North America, proudly landing among the continent’s top 20 tech hubs. Calgary Economic Development

• Top Calgary cleantech CEOs to showcase their solutions at Energy Disruptors. These seven CEOs represent a combined total of more than $1B invested to commercialize and scale revolutionary energy and climate solutions at scale. Calgary.Tech

• Applied Pharmaceutical Innovation to build critical medicines production centre. The company will create its production facility in partnership with the University of Alberta by 2026. Pharmaceutical Technology

• Innovator of the Week: Susan Groeneveld uses AI to help improve health outcomes for cats. Sylvester.ai combines technology with veterinary pain scales to analyze feline facial expressions for pain management. Avenue Calgary

• Drivee is driving an online service and repair marketplace for car enthusiasts. Calgary-area entrepreneur Denny Brian has been starting and building businesses since he was 13. Livewire Calgary

• SAIT Interactive Design students soar at business innovation bootcamp in Portugal. SAIT students stood out from the crowd of almost 450 bootcamp participants, applying their design and software skills to build viable businesses as solutions to real-world problems. SAIT

• Celebrate the extraordinary 2024 Arch Awards recipients. Meet six award-winning UCalgary alumni whose passion and commitment are reshaping our world. University of Calgary