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News/Canada/Calgary

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Alberta offers cash in push to become top global petrochemical producer

October 30, 2020 by admin
Alberta offers cash in push to become top global petrochemical producer

The Alberta government says it’s prepared to give billions of dollars to lure investors willing to build or expand petrochemical facilities in the province, part of what it says is a push to be a top global player in the field. 

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Imperial Oil ekes out Q3 profit as Kearl oilsands mine rebounds from outage

October 30, 2020 by admin
Imperial Oil ekes out Q3 profit as Kearl oilsands mine rebounds from outage

Imperial Oil Ltd. eked out a third-quarter profit on Friday, after two straight quarters of losses, as demand started to recover after collapsing earlier in the year due to the COVID-19 pandemic.

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Cenovus to cut up to 25% of combined workforce with Husky Energy after merger

October 27, 2020 by admin
Cenovus to cut up to 25% of combined workforce with Husky Energy after merger

The $3.8-billion merger between Cenovus Energy and Husky Energy will result in a trimming of the workforce by as much as 25 per cent, CBC News has confirmed.

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Historic Alberta coal community wrestles with plans for new mining

October 27, 2020 by admin
Historic Alberta coal community wrestles with plans for new mining

Some residents of historic Crowsnest Pass, Alta., hope a new mining opportunity will lift up their town’s economy. But others fear negative consequences from open-pit mining in a postcard setting tucked at the foot of the Rocky Mountains.

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WestJet to provide refunds (not just credits) for flights cancelled due to pandemic

October 21, 2020 by admin
WestJet to provide refunds (not just credits) for flights cancelled due to pandemic

WestJet says it will begin providing refunds to all its passengers whose flights were cancelled due to the pandemic. 

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Plenty of finger pointing, little transparency, in province’s $2.1B crude-by-rail losses

August 28, 2020 by admin

The Alberta government is out $2.1 billion after unloading crude-by-rail contracts signed by the previous government, but the process and the reasons for the staggering loss are mired in secrecy. 

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Alberta government to support feasibility study for Edmonton-Calgary hyperloop under new agreement

August 25, 2020 by admin

Toronto-based TransPod has signed an agreement with the Alberta government that will see the province support the firm’s early efforts to advance development of an ultra-high-speed transportation line between Calgary and Edmonton.

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COVID-19 outbreak declared at Cargill processing facility in Calgary

August 14, 2020 by admin

An outbreak of COVID-19 has been declared at a Cargill processing facility in Calgary, a “further processing” facility that provides retail meat products for supermarkets across Western Canada.

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Record lumber prices adding thousands of dollars to new home building costs

August 14, 2020 by admin

Soaring lumber and wood panel prices are adding thousands of dollars to the cost of building a home in Canada as strong renovation and new housing demand outstrip supply.

Categories News/Canada/Calgary Tags Business news, Global Economy, India Business News, India Economy, World & Business News Leave a comment
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