Alberta Economy

Husky Energy issues more layoff notices, says step difficult but necessary

Husky Energy cut 400 jobs in Calgary CALGARY _ Slumping world oil prices continue to hit Calgary’s energy industry hard as more layoffs have been announced. Husky Energy (TSX:HSE) issued pink slips to 400 people arriving for work at the downtown Calgary office on Tuesday but there could be many more when cuts from their […]

Husky Energy issues more layoff notices, says step difficult but necessary Read More »

Alberta oil industry meeting with PM: Encouraging, but no pipeline assurances

Alberta oil industry reps met with Prime Minister Trudeau, Alberta Premier Notley CALGARY _The head of Suncor Energy says a meeting between major players in Canada’s oilpatch and Prime Minister Justin Trudeau was encouraging but there were no assurances on pipelines. Trudeau, federal Natural Resources Minister Jim Carr and Alberta Premier Rachel Notley took part

Alberta oil industry meeting with PM: Encouraging, but no pipeline assurances Read More »

Canadian oilpatch adjusts to the ‘new normal’ after a year of pain

Canadian oilpatch facing unrelenting global output, carbon cutting push CALGARY _ The stream of traffic between Cold Lake, Alta., and nearby oilfields has slowed to a trickle. “It’s definitely a noticeable slowdown,” said Mayor Craig Copeland, who has been hearing from hotels, restaurants and retailers that business is down about 30 per cent year-over-year in

Canadian oilpatch adjusts to the ‘new normal’ after a year of pain Read More »

Carbon tax major blow to Alberta’s investment climate

Alberta no longer has lowest top income tax rate, when federal and provincial or state taxes are combined, among Canadian provinces, US states Troy Media – Recent policy changes have buried the Alberta Advantage. The latest nail in the coffin comes from the provincial government’s new climate change strategy. For many years, Alberta’s strong investment

Carbon tax major blow to Alberta’s investment climate Read More »