Alberta oilsands struggling as Western Canadian Select plunges to $5 per barrel

Oil and gas producers in Alberta may very well be facing their toughest challenge to date, as the price of Western Canadian Select closed at US$5.29 Wednesday. Experts have attributed the price drop to the ongoing COVID-19 pandemic, as well…

Oilsands companies in the red as blended bitumen price dips below $4 per barrel

Oilsands producers are likely losing money or barely breaking even as prices for Western Canadian Select bitumen-blend crude dipped as low as US$3.82 per barrel on Monday, analysts said. Realized prices for bitumen likely crossed into negative territory as they…

Alberta unemployment forecast to reach 9.5% amid COVID-19 pandemic: economist

TD Bank is forecasting Alberta’s economy will shrink more than 5 per cent in 2020 as the Prime Minister introduces measures attempting to soften the blow. As provincial affairs reporter Tom Vernon explains, some businesses worry they won’t be able…

Alberta unemployment rate to reach 9.5% amid COVID-19 pandemic: economic outlook

A new economic forecast released by one of Canada’s big banks on Friday projects a severe hit to Alberta’s economy this year as the world grapples with the COVID-19 pandemic. The TD Economics forecast projects a recession deeper than what…

Beaumont allows people to defer taxes, some utility payments amid COVID-19 crisis

The City of Beaumont announced new measures on Tuesday to ease the financial burden of people in the community struggling amid the ongoing COVID-19 crisis. The city is allowing both residents and businesses who are enduring financial difficulties the option…

Canadian environmental groups, unions, churches ask that potential oil bailout be for families, not companies

Some Canadian organizations are asking the federal government to focus any bailout of the oil industry on workers and families, not corporations. The request comes in an open letter to Prime Minister Justin Trudeau, released Tuesday morning and signed by…

Albertans react to $82B in federal aid for families & businesses

March 18 2020 7:24pm Promises of financial help due to economic impact of the coronavirus come as many employers and employees are struggling: work has all but disappeared and so have wages. Fletcher Kent has more on how Albertans are…

Alberta premier worried about layoffs as oil and gas sector struggles with coronavirus

By Staff The Canadian Press Posted March 11, 2020 2:37 pm Updated March 11, 2020 2:38 pm Smaller font Descrease article font size –A Larger font Increase article font size A+ Premier Jason Kenney says time is of the essence…