Alberta News

CALGARY — Canada's oil and gas producers are continuing to cut billions of dollars from capital spending budgets and reduce payouts to investors in the wake of this week's sharp plunge in oil prices. Calgary-based ARC Resources Ltd.

CALGARY — ARC Resources Ltd. cut its capital budget and slashed its dividend to help deal with the plunge on commodity markets.

Calgary Flames executive Ken King has died at 68 after guiding the organization through several defining moments. King, from Hanley, Sask., was vice-chair of Calgary Sports and Entertainment Corporation, which owns the Flames.

EDMONTON — Alberta's chief medical officer is urging all events with more than 250 people be cancelled immediately to help stop the spread of the novel coronavirus. Dr.

CALGARY — A two-year-old who recently returned from a family vacation in Florida is among four new COVID-19 cases confirmed in Alberta, prompting a daycare in a downtown Calgary office tower to temporarily shut down.

CALGARY — An energy company has been fined $125,000 for a pipeline failure southwest of Edmonton nearly three years ago. Calgary-based Journey Energy Inc. was originally facing five charges under the Environmental Protection and Enhancement Act.

EDMONTON — Canadian country music star Brett Kissel's benefit concert in Edmonton has raised $57,000 for victims of last week's tornadoes in Tennessee.

CALGARY — A deal to sell its Pioneer Pipeline will help insulate Calgary-based Tidewater Midstream and Infrastructure Ltd. from a "severe downturn" that's afflicted the energy industry for the past three years, the company's CEO said Thursday.

CANMORE, Alta. — A World Cup cross-country ski event scheduled for next week in Canmore, Alta., has been cancelled because of the COVID-19 outbreak.

CALGARY — Canadians can begin collecting Canada Pension Plan payments as early as age 60, but financial advisers warn it rarely makes sense to do so. And there are even fewer reasons to start drawing retirement funds early when you're still working.