Challenges in Managing a Business in a Commodity-Based Economy

April 17, 2019


The Chateau Lacombe Hotel

10111 Bellamy Hill

Eventbrite - Challenges in Managing a Business in a Commodity-Based Economy


Running a large business in Alberta presents unique challenges. Alberta’s economy remains driven by the oil and gas industry. Oil and gas drilling and oil sands production have tentacles throughout Alberta’s economy. Whether it be rural motels that accommodate derrick workers or clothing manufacturers which make articles for industry golf tournaments, many businesses depend on the oil and gas sector for much of their business.


When this critical sector is booming this often means that the supply of and price for labour increases significantly affecting business costs. For construction businesses, this can mean shortages in supply of critical materials. However, when the energy sector is depressed, required revenue fails to materialize causing business to contract or look for new markets.


How do businesses manage to survive in such a volatile environment?


Lawrance Schembri, Deputy Governor of Bank of Canada

June 17, 2019

  Eventbrite - Lawrence Schembri, Deputy Governor of the Bank of Canada

The Chateau Lacombe Hotel

10111 Bellamy Hill

Lawrence L. Schembri was appointed Deputy Governor of the Bank of Canada in 2013, serving as one of two deputy governors responsible for overseeing the Bank’s analysis and activities to promote a stable and efficient financial system. In 2016, he became responsible for overseeing the Bank’s analysis of domestic economic developments. As a member of the Bank’s Governing Council, he shares responsibility for decisions with respect to monetary policy and financial system stability, and for setting the strategic direction of the Bank. Born in Toronto, Ontario, Mr. Schembri received a Bachelor of Commerce degree from the University of Toronto in 1979, an MSc in Economics from the London School of Economics and Political Science in 1980, and a PhD in Economics from the Massachusetts Institute of Technology in 1985. After completing his PhD, Mr. Schembri was an assistant professor and, later, associate professor of economics at Carleton University until 2001. Mr. Schembri joined the Bank in 1997 as a visiting Research Advisor in what is now the International Economic Analysis Department. In 2001, he was appointed Research Director in the same department and became Chief of the department in 2005. In 2010, he was appointed Advisor to the Governor, with responsibilities for financial stability analysis and coordinating the Bank’s contribution to the Financial Stability Board. His published research has focused on exchange rate and monetary theory and policy in open economies, the international monetary system and financial stability.



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Past Speakers

Don Iveson

Mayor of Edmonton

Honourable Doug Horner

President of the Treasury Board and Minister of Finance, Government of Alberta

Carolyn Wilkins

Senior Deputy Governor of the Bank of Canada

Kevin Page

Parliamentary Budget Officer, Government of Canada

Leo de Bever

Chief Executive Officer, AIMCo

Todd Hirsch

Chief Economist, ATB Financial