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Husky Energy layoffs “in the hundreds”

October 23, 2019

Oil and gas giant Husky Energy on Tuesday laid off what some staffers are saying was hundreds of Calgary employees amid continuing doldrums in Canada’s oil patch. According to the Calgary Herald, a number of staffers could be seen leaving

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Trudeau insider says PM pledged to making Trans Mountain a reality

October 23, 2019

One of Justin Trudeau’s top lieutenants told Bloomberg News the prime minister will proceed with an expansion of the Trans Mountain oil pipeline even as he’s now likely to share power with the more environmentally minded New Democratic Party. “We

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CAODC ready to work with Liberals after minority government victory

October 23, 2019

The Canadian Association of Oilwell Drilling Contractors (CAODC) issued a statement that it is looking forward to working with Justin Trudeau’s Liberals, and getting the oil and gas industry back on its feet. “The Trans Mountain Expansion Project and other

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Husky Energy confirms staff layoffs are coming

October 23, 2019

Calgary-based Husky Energy Inc. is confirming it is laying off staff but won’t say how many. The company controlled by Hong Kong billionaire Li Ka-Shing told Canadian Press the reductions are a result of steps taken to align its workforce

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Loonie at three-month high as Canadians head to the polls

October 21, 2019

The Canadian dollar edged higher against its U.S. counterpart on Monday, hitting a new three-month high, as millions of Canadians cast their ballots in the country’s 43rd general election. At 09:37 a.m., the Canadian dollar was trading up 0.1 per

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PSP, ATRF acquire AltaGas Canada for $1.7 billion

October 21, 2019

The Public Sector Pension Investment Board (PSP Investments) and the Alberta Teachers’ Retirement Fund Board (ATRF) today announced that they are indirectly acquiring all of the issued and outstanding common shares of AltaGas Canada Inc. (ACI). “This premium all-cash offer

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What a Conservative or Liberal government would mean for Canadians

October 21, 2019

Canada’s economic landscape is poised to see some minor changes after today’s election, regardless of whether Justin Trudeau’s Liberals or Andrew Scheer’s Conservatives take power, though the big picture drivers and challenges to growth will largely remain unchanged. According to

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First Nations explains to Thunberg need to develop oil sands responsibly

October 21, 2019

Swedish climate activist Greta Thunberg continued her tour of Alberta’s oil sands region on Saturday, an Indigenous group says, conducting interviews that the group says will be part of an upcoming BBC documentary. The Mikisew Cree First Nation told Canadian

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Canadian dollar would benefit from Scheer-led government: analysts

October 18, 2019

Canada’s loonie is the best-performing major currency this year and the nation’s stocks are going strong. But now isn’t the time for investors to rest on their laurels, as the upcoming federal election is the next big event to test

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Edmonton climate change marchers rally to Swedish teen

October 18, 2019

A crowd stretching two city blocks is moving through the streets of Edmonton to support Swedish environmental activist Greta Thunberg’s visit to the Alberta capital. The 16-year-old Stockholm student spoke at a climate rally at the legislature at noon, according