OTTAWA – Canada’s national annual inflation rate was 2.2 per cent in February, Statistics Canada says. Here’s what happened in the provinces (previous month in brackets):— Newfoundland and Labrador: 1.7 per cent (1.1)— Prince Edward Island: 3.0 (1.6)— Nova Scotia: 2.3 (1.4)— New Brunswick: 2.7 (1.8)— Quebec: 1.5 (1.3)— Ontario: 2.1 (1.8)— Manitoba: 2.4 (2.1)— Saskatchewan: 2.9 (2.5)— Alberta: 2.2 (1.4)— British Columbia: 2.8 (2.1)
From Canada’s national alpine ski team to real estate entrepreneur, Calgary businessman Scott Hutcheson has been tasked with leading the group that will formulate a vision and budget for a potential 2026 Olympic bid.“This is a giant task, of course it is,” the Aspen Properties co-founder said at the Olympic Oval Thursday. “But that’s what we’re supposed to do, we’re supposed to step up.”Hutcheson’s appointment comes as the BidCo. faces tight deadlines ahead of a potential decision by council to submit a formal bid to the International Olympic Committee.Later this month, the Canadian Olympic Committee will decide whether to give initial approval for a Calgary bid, followed by the development of a multi-party agreement.Along with presenting a fully-costed budget, that agreement will lay out which stakeholders will pay for what parts of a potential bid, including the three levels of government, COC and IOC.There’s also a plebiscite anticipated to be held in November and Calgary’s bid book – should council vote to move ahead – is due in January.“I’m not nervous about it, I’m keen to get my sleeves rolled up,” he said. “It’s a tight timeline, but we’ll do that.”Hutcheson will have to name a vice-chair and CEO soon and already has a briefing planned for Friday.“It’s the job of this board to gather the information with accuracy and disclose that information and engage in our community,” he said. “At the end of the day, it’s not up to me to make a decision as to whether this community wants the Olympics or not.”“The last poll I saw though said 63 per cent of Calgarians are keen to go forward with an Olympic bid, but they need more information and that’s our job.”The BidCo. group will build on the work done by the previous Calgary Bid Exploration Committee, which pegged the total cost of a 2026 Calgary Olympiad at $4.6 billion, although that cost didn’t take into account several planned infrastructure projects.Mayor Naheed Nenshi has previously said that a more accurate idea of how much the Games could cost would probably be known in late June, while the just as important multi-party agreement is planned for September.Meanwhile, Calgary’s Olympic oversight committee is mulling over public engagement options, ahead of the planned November plebiscite.Double Olympic speed skating champion and former CBEC member Catriona Le May Doan said it’s a day of relief and excitement.“I think everybody just kind of said, finally,” she said. “This will happen very quickly, so as much as people were saying, when are things happening, now we’re going to see things at a pace that’s escalated.”“People have said to me, well you’re from sport, you would’ve of course want that,” she said. “I do not want to leave my children with a legacy if it’s not going to make financial sense, so we all need all the information.”Along with his business work, Hutcheson is Chair of the Board of Directors of Arts Commons, co-chair of the Board of Directors for Witnerstart and Chair of the Board of WinSport.