CALGARY - Thousands of layoffs that have hollowed out many of Calgary's downtown office towers are translating into tough times for health-care businesses that offer services covered by workplace insurance plans. Dentists, massage therapists and optometrists say they're cutting staff and getting by with lower profits as they wait for the economy to turn around and employment levels to bounce back. Meanwhile, a human resources expert says employees who have kept their jobs could [Read more]
ARC sells Saskatchewan oil-producing assets to Spartan for $700 million
CALGARY - Spartan Energy (TSX: SPE) announced it will spend $700 million to buy southeastern Saskatchewan assets from ARC Resources (TSX:ARX). The deal between the two Calgary-based companies involves wells producing 7,500 barrels of oil equivalent per day and related oil batteries and gathering pipelines, Spartan said. It said the purchase will make it one of the largest oil producers in Saskatchewan with expected year-end output of about 20,800 barrels of oil equivalent per [Read more]
Husky Energy says ground movement to blame for spill into N. Saskatchewan River
CALGARY - Husky Energy says shifting ground is to blame for a pipeline burst in July that leaked crude oil into the North Saskatchewan River and jeopardized the drinking water of thousands downstream. "The break was a sudden, one-time event in a section of the pipe that had buckled due to the force of ground movement," Husky said in a summary of a detailed report released Thursday. The break, which happened about 160 metres from the riverbank, spewed out about 225,000 litres of [Read more]
Suncor Energy sees increased production and lower capital spending next year
CALGARY - Suncor Energy Inc. (TSX:SU) says production is expected to increase next year, but the company plans to reduce its capital spending. The energy company says average production for 2017 is expected to be between 680,000 to 720,000 barrels of oil equivalent per day. Capital spending is budgeted for between $4.8 billion and $5.2 billion. Suncor says the midpoints of these ranges represent a year-over-year increase to production of more than 13 per cent and a [Read more]
Advocates call out Canada’s twin pursuit of GHG cuts, fossil fuel expansion
OTTAWA - The Liberal government's twin pursuits of expanded foreign markets for Canadian fossil fuels and global action on climate change are getting some unfavourable notice at an international climate summit in Morocco. The newly elected Trudeau government made a big splash at last December's United Nations-sponsored COP21 in Paris by helping push aggressive global ambition in the battle against a warming planet. But while negotiating a national plan with the provinces and [Read more]
Canadian oil and gas producers release higher spending plans for 2017
CALGARY - Oil and gas companies are opening their wallets, emboldened by lower oilfield costs, a favourable new Alberta royalty regime and optimism that commodity prices will at least stabilize next year. Producers that can afford to spend more are signalling a willingness to do so in budget announcements this fall. That's despite a forecast issued last week by the Paris-based International Energy Agency of more supply and little demand growth in 2017, suggesting continued poor global [Read more]
TransCanada ends Mainline open season, open season bids fall short
CALGARY - TransCanada Corp. (TSX:TRP) says it's not going ahead with a plan for new lower-priced long-term contracts for Alberta natural gas shippers that want to use its Canadian Mainline system. The company says the "open season" resulted in bids that fell well short of the volumes required to make the plan viable. The Canadian Mainline system extends from the Empress receipt point in Alberta to the Dawn hub, near Sarnia, Ont. The proposal for a new round of binding [Read more]
Warren Buffett’s Berkshire Hathaway sells its stake in Suncor Energy
CALGARY - Warren Buffett has sold the rest of his holdings in Suncor Energy Inc. (TSX:SU). According to filings with the U.S. Securities and Exchange Commission, Buffett's Berkshire Hathaway no longer holds any shares in the Canadian energy company. The quarterly regulatory filing lists his investments as of Sept. 30. Berkshire Hathaway began selling its stake in Suncor earlier this year. An earlier regulatory filing disclosed Berkshire Hathaway held about 22.3 [Read more]
Fort McMurray wildfire recovery to spur $5.3 billion in spending by end of 2019
CALGARY - The massive efforts to respond to and rebuild after the wildfire of Fort McMurray, Alta., will spur economic growth in the coming years but leave insurance companies and governments with a tab of more than $5 billion, says a new report. The Conference Board of Canada said in a paper released Tuesday that the spending will add 0.4 per cent or $1.1 billion to Alberta's GDP next year, followed by growth of 0.2 per cent and 0.1 per cent in 2018 and 2019, respectively. The [Read more]
Notley defends oilsands group appointees, Wildrose wants them fired
CALGARY - The Alberta government is facing renewed criticism over its choice of panellists to head up its oilsands advisory group. The Wildrose party is calling for co-chair Tzeporah Berman and another appointee, Karen Mahon, to be fired. The opposition party claims Mahon sent out a fundraising email “imploring people to fight against the Kinder Morgan pipeline.” Berman is a well-known anti-oilsands advocate. She co-chairs the group with Dave Collyer, the former [Read more]
- « Previous Page
- 1
- …
- 329
- 330
- 331
- 332
- 333
- …
- 553
- Next Page »