Strategic Group—which has filed for protection for 50 properties, a combined 3.7 million square feet—also cited the city’s high vacancy rate. (The Logic)

Talking point: Thirty-two per cent of Calgary’s office space is vacant or available for sublease, according to Strategic Group’s affidavit, which details that it holds 61 office and retail locations in the province, along with 22 residential properties. Back when oil surpassed $100 a barrel, the rate was 0.2 per cent. Earlier this week, The Logic reported that tech firm Wattpad skipped over Calgary in part due to concerns over Wexit. Today, ATB Financial reported the province’s economy is in for a difficult 2020, with GDP growth of just 0.9 per cent. Calgary’s mayor said he had a plan to turn things around, relying in part on diversifying the city’s economy: “Last week we had a $30 million investment in tech education at SAIT from local philanthropist David Bissett. The progress of our tech sector has an incredible amount of momentum,” Naheed Nenshi told The Logic. Alberta Premier Jason Kenney, by contrast, is focusing on bolstering the oil industry.