Struggling for growth

Calgary is gearing up for July’s annual Stampede – a 10-day event that includes the Stampede Rodeo. Contestants compete in events such as horse rodeo, bull riding and steer wrestling for the $50,000 top prize. Meanwhile, a lower-profile contest is unfolding, but one with rather more at stake financially: the battle for trading volumes among the city’s energy exchanges.

Just as the rest of the world – and particularly Asia – seeks to take advantage of the huge oil and gas reserves sitting nort