EDMONTON - Alberta Premier Danielle Smith says her long-term goal is to be able to balance the province's books even with moderate oil prices. She says in about 10 years she'd like Alberta to bring spending in line with revenues that average US$60-per-barrel oil would bring to provincial coffers. Alberta's latest budget, tabled last month, projected a $9.4-billion deficit in the upcoming fiscal year based on the price of the benchmark West Texas Intermediate at US$60.50 per [Read more]
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Saskatchewan Premier Scott Moe says deficit budget aims to protect public services
REGINA - Saskatchewan Premier Scott Moe says a deficit budget he's to unveil tomorrow aims to protect services, with more dollars going toward health care. Moe says health care spending will build from a recent plan that aims to add more nurse practitioners, lower wait times and expand virtual appointments. He says his government also won't make cuts to a revenue sharing program with municipalities. The premier has said the budget will be a deficit due to revenue problems caused by [Read more]
Natural gas and electricity emerge as pivotal forces shaping Canada’s energy future in new energy outlook
CALGARY, AB, March 17, 2026 /CNW/ - Rising electricity demand and the rapid growth of renewables are reshaping Canada's energy system at home, while expanding natural gas production and potential production gains for oil, could strengthen the country's footprint in global markets, according to a new report from the Canada Energy Regulator (CER). Canada's Energy Future 2026: Energy Supply and Demand Projections to 2050, presents four long‑term scenarios for the country's energy system: [Read more]
Fiddlehead Resources disposition of non-core acreage, debt repayment and operational update
/THIS NEWS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./ CALGARY, AB, March 17, 2026 /CNW/ - Fiddlehead Resources Corp. ("Fiddlehead", or the "Company") (TSXV:FHR) is pleased to announce that it has generated $1.4 million in cash proceeds through the sale of its minority, non-operated working interest in nine sections of non-core acreage. The disposition reduces Fiddlehead's abandonment liabilities by [Read more]
Canada electricity demand, natural gas production to accelerate by 2050, regulator says
A long-term outlook from the Canada Energy Regulator on Tuesday says both electricity demand and Canadian natural gas production will accelerate by 2050. * The regulator analyzed a variety of potential scenarios, including a baseline that assumes existing government policies and moderate economic growth, as well as other scenarios assuming higher or lower energy prices and a scenario assuming greater climate action in the future. * In all cases, the regulator sees electricity demand in [Read more]
China’s economic hand quietly strengthens as Trump hogs spotlight: McGeever
With much of the world's focus this year fixed on U.S. President Donald Trump's controversial foreign policy agenda, many may have missed China's quiet - but significant - economic renaissance. The U.S. president was originally scheduled to meet China's President Xi Jinping for a summit in Beijing on March 31-April 2, but Trump on Monday confirmed that he has requested a delay of around a month, citing the need to be in Washington to prosecute the war on Iran. Beijing hasn't officially [Read more]
Will Canada unshackle itself in time? The global energy and minerals window of opportunity
“We are touchingly prone to mistaking our models of reality for reality itself, mistaking the strength of our certainty for the strength of the evidence, thus moving through a dream of our own making that we call life…we are simply not capable of processing the full scope of reality. Our minds cope by choosing fragments of it to the exclusion, and often to the erasure, of the rest.” - Maria Popova/The Marginalian Great words, hey? All part of the human condition. All of us suck, in this [Read more]
China boosted crude stockpiles at start of 2026, but is not using them: Russell
China continued to boost its crude oil inventories in the first two months of the year as strong imports and domestic output exceeded an increase in refinery production. China's surplus of crude oil was 1.24 million barrels per day (bpd) in the January-February period, according to calculations based on official data. The extra crude was down from a record high of 2.67 million bpd in December, but was still higher than the average of 1.13 million bpd for the whole of 2025. China does [Read more]
Highwood Asset Management Ltd. announces fourth quarter and full-year 2025 results, 2025 year-end reserves and operational update
/NOT FOR DISSEMINATION IN THE U.S. OR THROUGH U.S. NEWSWIRES/ CALGARY, AB, March 17, 2026 /CNW/ - Highwood Asset Management Ltd. ("Highwood" or the "Company") (TSXV: HAM) is pleased to announce its financial and operating results for the three and twelve months ended December 31, 2025 and to provide the results of its independent oil and gas reserves evaluation as of December 31, 2025, prepared by GLJ Ltd. ("GLJ"). The Company also announces that its audited consolidated financial [Read more]
Oil tankers ‘starting to dribble through’ Strait of Hormuz, says White House
Oil tankers are crossing the Strait of Hormuz and Iran's actions to choke traffic through the shipping route have not hurt the U.S. economy, White House economic adviser Kevin Hassett told CNBC on Tuesday, reiterating the Trump administration's position that the war should be over in weeks, not months. "Already you're seeing tankers are starting to dribble through the straits, and I think it's a sign of how little Iran has left," he said. "We're very optimistic that this is going to be [Read more]
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