CALGARY - Alberta's monthly unemployment rate climbed to its highest level in nearly 22 years in July, marking the first time the province has had a worse jobless rate than Nova Scotia, Statistics Canada said Friday. The federal agency reported that Alberta's rate rose to 8.6 per cent last month — the highest since September 1994 — from 7.9 per cent in June. That's above the 8.4 per cent July unemployment rate in Nova Scotia, the first time Alberta has had a higher rate since [Read more]
Claims centre opens for people with losses because of Saskatchewan oil spill
PRINCE ALBERT, Sask. - An insurance claim clinic has opened in Saskatchewan to help people affected by an oil spill, but both the province and Husky Energy officials says it too early to put a dollar figure on the disaster. A Husky Energy pipeline leak detected July 21 spilled up to 250,000 litres of oil mixed with a lighter hydrocarbon into the North Saskatchewan River near Maidstone, Sask., and forced communities downstream to close drinking water intakes. Businesses such as [Read more]
GMP Capital Inc. to acquire FirstEnergy Capital for $98.6 million
TORONTO - GMP Capital Inc. (TSX: GMP) is buying brokerage firm FirstEnergy Capital Corp. in a deal valued at $98.6 million. GMP issued a statement Thursday that it was appealing to join forces with a highly respected industry leader that has been part of the "fabric of Canada's energy culture for nearly a quarter century." FirstEnergy was founded in 1993 and has provided advisory and investment services to a broad range of corporate clients across the world. One of the [Read more]
NEB approves TransCanada’s 12-kilometre natural gas pipeline north of Toronto
CALGARY - The National Energy Board has conditionally approved an 11.7-kilometre natural gas pipeline set to run through the city of Vaughan, Ont., just north of Toronto. In a letter issued Thursday, the NEB said the TransCanada Corp. (TSX:TRP) pipeline will be subject to 19 conditions, including Aboriginal monitoring of construction for potential archaeological finds and habitat protection of the western chorus frog. The NEB said TransCanada has also made route changes to the [Read more]
Minister defends move to put cost of cap-and-trade in delivery line on bills
TORONTO - Premier Kathleen Wynne is defending the decision to bury the cost of Ontario's cap-and-trade plan in the "delivery" line on natural gas bills. The Ontario Energy Board announced last week that costs related to the Liberals' climate change plan would not appear in a separate line item on consumers' bills for natural gas, which is used to heat most homes in the province. Wynne said Thursday that the government doesn't interfere with decisions made by an arms-length agency [Read more]
Canadian Natural says Horizon oilsands expansion is on track; losses continue
CALGARY - Flooding in northeastern B.C. in June that exposed pipes and washed out an access road at a natural gas processing plant, prompting it to shut down, has interrupted about 10 per cent of gas production by Canadian Natural Resources Ltd., the company said Thursday. In its second quarter report, Canada's largest gas producer said the closure of the Pine River Gas Plant has forced it to cap wells that were producing 176 million cubic feet of natural gas per day. Canadian [Read more]
As oilpatch bleeds jobs, Alberta’s high-tech sector finds itself in need of workers
CALGARY - When Jeff Forsyth was laid off by Cenovus Energy during a company-wide downsizing last fall, he had an advantage over the hundreds of fellow employees who also found themselves out of work. His experience with a successful oilfield technology startup, along with expertise in chemistry and project management he honed at Cenovus, helped him land a new job as CEO of nFluids Inc., a five-person research firm developing new industrial products based on nanoparticle technology. [Read more]
Saskatchewan auditor wants to see better pipeline regulations from government
REGINA - Saskatchewan's provincial auditor says the province has only implemented two of seven recommendations her office made four years ago to improve oil pipeline safety. The auditor's office said in 2012 that the Ministry of Energy and Resources did not have effective ways to ensure full compliance with laws for pipeline construction and operation. It said one problem is that the ministry doesn't collect enough information to know if pipelines are properly maintained or if [Read more]
Clinton’s platform: A pause from Trump drama to peruse the front-runner’s plans
WASHINGTON - Some days, it seems Donald Trump is the only person running for president. Daily psychodramas and personal spats have overshadowed all else in this campaign. Even his opponent's aides say they accept this simple fact: Trump will dominate the news. Yet he's not the front-runner. Hillary Clinton is, according to the vast majority of polls. Here's what the Democratic nominee says she wants to do, if those surveys hold up and she becomes the U.S. president: — Supreme [Read more]
Red Cross says nearly $300M raised for Fort McMurray after fire
FORT MCMURRAY, Alta. - The Canadian Red Cross says $299 million has been raised to help with recovery from the Fort McMurray wildfire, with some money earmarked for people who can't make their mortgage payments or didn't have enough insurance. Red Cross CEO Conrad Sauve said this "unprecedented outpouring of support" included $165 million donated by Canadians to the charity. The federal government contributed $104 million to match funds donated made by individual Canadians and [Read more]
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