Skip to content

Alberta News

Analysis finds Alberta public pension manager loses big in oilpatch investments

Analysis finds Alberta public pension manager loses big in oilpatch investments

EDMONTON — Alberta's public pension manager has lost millions after investing in smaller energy companies at a time when the entire sector is in decline, an analysis has found.
Energy sector shutting down oil production as low crude oil prices persist

Energy sector shutting down oil production as low crude oil prices persist

Calgary-based energy companies are continuing to reduce production, cut spending and trim costs as volatile oil prices remain stubbornly below profitable levels. Enerplus Corp.

Staff at Alberta meat plant scared of COVID-19, not showing up to work: union

CALGARY — The union representing workers at a southern Alberta meat-packing plant says some employees don't feel safe because of an outbreak of COVID-19 and they aren't showing up for work.
Plunging oil prices point to 'deep collapse' in sector, drilling firm CEO warns

Plunging oil prices point to 'deep collapse' in sector, drilling firm CEO warns

CALGARY — The CEO of one of Canada's largest drilling rig contractors says plunging North American crude prices on Monday and Tuesday are signs that the oil industry is headed for a "deep, deep collapse." On Tuesday, U.S.
Dylan Cozens, Adam Beckman finalists for WHL's top player award

Dylan Cozens, Adam Beckman finalists for WHL's top player award

CALGARY — Lethbridge Hurricanes forward Dylan Cozens and Spoken Chiefs forward Adam Beckman were named finalists for the Western Hockey League's Four Broncos Trophy that goes the season's most valuable player. The winner will be announced May 20.
Canadian Pacific lowers guidance for 2020 as it faces fallout from virus

Canadian Pacific lowers guidance for 2020 as it faces fallout from virus

CALGARY — Canadian Pacific Railway Ltd. is revising its financial guidance for the year and lowering its expectations as a result of the fallout from the COVID-19 pandemic.
Beef ranchers to bear the brunt of Alberta processing plant closure due to COVID-19

Beef ranchers to bear the brunt of Alberta processing plant closure due to COVID-19

The temporary closure of an Alberta meat processing facility due to a COVID-19 outbreak isn't expected to result in beef shortages, but the reduction in capacity will mean that ranchers will bear the brunt as their costs rise and prices for their pro
Steadier prices no cure for Western Canada's natural gas producer woes

Steadier prices no cure for Western Canada's natural gas producer woes

CALGARY — Stronger and more stable natural gas prices in the wake of North American oil production cuts are offering hope for better times to some gas producers but haven't changed Keyera Corp.
Alberta hikes pay, hiring to fight COVID-19 in continuing-care centres

Alberta hikes pay, hiring to fight COVID-19 in continuing-care centres

EDMONTON — Alberta is bumping up salaries, funding and hiring at long-term care centres, which have been hit hard with COVID-19 infections and deaths.

'A difficult decision:' Alberta meat-packing plant pausing production

CALGARY — A meat-packing plant in southern Alberta where a worker died because of COVID-19 is temporarily shutting down as the result of an outbreak at the facility.