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