Oilsands companies restore production as demand growth spurs higher prices

Oilsands companies are restoring thousands of barrels of daily production to take advantage of higher oil prices as relaxed pandemic measures allow North American consumers to get back on the road. Related News Executives speaking at a TD Securities energy…

Global oil demand rebounds from COVID-19 pandemic’s lows, prompts price spike forecasts

Oil analysts say a rebound in the world’s hunger for oil has already started after demand destruction caused by the COVID-19 pandemic fell far short of what many experts had expected. Amrita Sen, co-founder and director of research for international…

Kenney celebrates Trans Mountain court decision as ‘critical victory’ for Alberta, Canada

Alberta Premier Jason Kenney called the Supreme Court of Canada’s Thursday decision to reject an Indigenous challenge to the Trans Mountain pipeline expansion approval a “critical victory.” Read more: Supreme Court rejects Indigenous challenge to Trans Mountain pipeline approval Speaking…

CUSMA taking effect at ‘significant’ time for Alberta’s energy industry: cabinet minister

The U.S.-Mexico-Canada Agreement (CUSMA) took effect on Canada Day and the new North American trade agreement comes at an important time for Alberta’s energy industry and economy as a whole, according to one cabinet minister. “As we begin to reopen…

Fitch lowers Alberta credit rating, cites concerns on heavy borrowing

Alberta’s plan to relaunch its economy is taking a hit right out of the starting gate. The United States-based Fitch rating agency has announced it’s reducing Alberta’s credit rating to AA- from AA. Fitch cites a concern with sharply higher…

Alberta push to suspend temporary foreign worker program concerning for food industry

In an effort to see out-of-work Albertans hired to fill vacant positions, Premier Jason Kenney’s UCP government will be asking the federal government to suspend large sections of its temporary foreign worker program for the next 12 months. Tom Vernon…

Alberta unveils economic stimulus package

June 29 2020 8:05pm The Alberta government has announced its $10 billion plan to repair the province’s battered economy. Heather Yourex-West reports on its path ahead, and whether the government’s plan will be enough. ‘ }); } else { var…

Alberta boosts infrastructure spending by 40%, cuts business tax to boost economy

June 29 2020 7:51pm Premier Jason Kenney announced Alberta will spend $10 billion on infrastructure projects to boost the economy and create jobs. As Tom Vernon explains, the province is also cutting the corporate business tax to boost the economy.…

‘Alberta open for business’ as corporate tax rate is lowered to 8%

June 29 2020 2:55pm Premier Jason Kenney and Finance Minister Travis Toews said the corporate income tax rate was set to go from 10 to eight per cent in the coming years, but on Monday announced it will be done…