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Alberta News

Cenovus unveils capital spending plan, confirms up to 2,150 layoffs still targeted

Cenovus unveils capital spending plan, confirms up to 2,150 layoffs still targeted

CALGARY — Most of the hundreds of layoffs expected in the wake of Cenovus Energy Inc.'s takeover of rival Husky Energy Inc.
Canadian drilling forecast rises on bump in commodity price expectations

Canadian drilling forecast rises on bump in commodity price expectations

CALGARY — The association representing oilfield service companies is boosting its 2021 drilling forecast by 29 per cent thanks to a stronger commodity price outlook.
Canadian moguls king Mikael Kingsbury prepares to compete again after injury

Canadian moguls king Mikael Kingsbury prepares to compete again after injury

CALGARY — A place that gives Mikael Kingsbury confidence is doing it again, but for different reasons. The reigning men's Olympic and world moguls champion from Deux-Montagnes, Que.
Feel-good funds with positive returns draw legions of responsible investing fans

Feel-good funds with positive returns draw legions of responsible investing fans

CALGARY — Growing numbers of Canadian investors are putting their money where their hearts are and finding that investing in companies that share their convictions can also deliver respectable returns.
Former youth in care to lose benefits after top Alberta court sides with province

Former youth in care to lose benefits after top Alberta court sides with province

EDMONTON — Alberta's top court has lifted the suspension of a law that lowers the age at which young adults can receive financial and other benefits once they've transitioned out of government care.
Health minister says Alberta won't follow Manitoba's stricter COVID-19 travel rules

Health minister says Alberta won't follow Manitoba's stricter COVID-19 travel rules

EDMONTON — Alberta's health minister says the province won't join Manitoba in placing new COVID-19 restrictions on interprovincial travellers.
More southern Alberta communities voice concern over province's plans to expand coal

More southern Alberta communities voice concern over province's plans to expand coal

Concern over the Alberta government's decision to drop a coal policy that has protected the eastern slopes of the Rocky Mountains for decades is growing among area communities.
Alberta to fund treatment for child spinal muscular disorder

Alberta to fund treatment for child spinal muscular disorder

EDMONTON — Health Minister Tyler Shandro says Alberta will fund, on a case-by-case basis, treatment for children with a rare genetic disorder known as spinal muscular atrophy.
CP Rail beats earnings forecasts as Q4 profit up 21 per cent despite softer revenues

CP Rail beats earnings forecasts as Q4 profit up 21 per cent despite softer revenues

CALGARY — Canadian Pacific Railway Ltd. capped 2020 with its net profit surging nearly 21 per cent in the fourth quarter despite softer revenues. The Calgary-based railway says it earned $802 million or $5.
Cautious optimism rules oilpatch as fourth-quarter reporting season dawns

Cautious optimism rules oilpatch as fourth-quarter reporting season dawns

CALGARY — Canada's oil and gas producers are expected to maintain spending discipline in 2021 as optimism from stronger oil prices is offset by fears of weak demand due to new strains of the COVID-19 pandemic.
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