Prolonged slump in world oil prices is on track to wallop province with a record $10.4-billion deficit in the next budget, fiancé minister says. EDMONTON—Alberta Finance Minister Joe Ceci says the prolonged cratering of world oil prices is expected to saddle his province with a record $10.4-billion deficit in the next budget. “Our deficit could… Continue reading Alberta faces record $10.4B deficit as oil slump is felt
Tag: Alberta
Canadian oil production growth could slow down or freeze altogether: report
CALGARY — Growth in Canadian oil production is likely to slow down or grind to a halt five years from now once projects now under construction are built, the International Energy Agency warns in a report released Monday. The Paris-based organization said it projects Canada to add 800,000 barrels a day of production by 2021,… Continue reading Canadian oil production growth could slow down or freeze altogether: report
'It swallowed me up': Alta. man recounts crushing avalanche
An Alberta man is crediting his friends and his faith for helping him survive a crushing avalanche that broke his leg and forced him to spend a chilly night in the snow. Todd Wyatt and a group of friends were skiing near Lake Louise over the weekend when he says he heard a loud cracking… Continue reading 'It swallowed me up': Alta. man recounts crushing avalanche
‘It’s a serious situation that’s coming’: Alberta landowners’ advocate on ‘mushrooming’ problem of abandoned oil wells
An advocate for Alberta landowners says the glut in oil prices is leading to a growing number of smaller energy companies going under, exacerbating the issue of already ballooning numbers of abandoned oil and gas wells in the province. On Friday, representatives for Alberta landowners met with the NDP’s rural caucus in Strathmore to discuss… Continue reading ‘It’s a serious situation that’s coming’: Alberta landowners’ advocate on ‘mushrooming’ problem of abandoned oil wells
Corb Lund says Alberta diversification bound to happen
Musician says Albertans have the know-how to figure it out Despite Alberta’s economic downturn, a self-described sixth-generation Albertan Corb Lund says that the economy and its industry need to diversify, but he thinks the province “will figure stuff out.” Lund, a country musician, played in Regina and Saskatoon this past week. He spoke with Saskatchewan Weekend host Eric Anderson about… Continue reading Corb Lund says Alberta diversification bound to happen
Going bankrupt a bitter pill for N.L. worker in wake of oil price collapse
Casualties of the Collapse: More workers tossed into turmoil by economic downturn Jamie Parsons appeared to have it all a year ago. A job in the Alberta oilsands earning $140,000 and a strong sense of pride and self-respect. The crash in oil prices has ripped it all away. His job. His income. His dignity. He finds it hard… Continue reading Going bankrupt a bitter pill for N.L. worker in wake of oil price collapse
B.C. throne speech cites Alberta as example of how not to run a province
Speech says British Columbia must ‘stay vigilant’ to avoid becoming like Alberta, which ‘lost its focus’ British Columbia’s government has laid out its plan for the future in a throne speech that highlighted how the province must avoid becoming like its neighbour to east. Alberta was mentioned several times in the speech as an example of how… Continue reading B.C. throne speech cites Alberta as example of how not to run a province
Storm Chaser
Storms. There is just something so awe inspiring of what Mother Nature produces. It terrifies some but draws out others. I’m one of the others. I have been like that since I was a kid. I could watch storms all day. No two are ever the same. In the prairies there is some amazing examples… Continue reading Storm Chaser
Two dead, six injured following after-hours visit to Calgary bobsled-track
Calgary police are investigating after two teens died in what officers are calling an “after-hours incident” on a local luge and bobsled track. According to a police press release, emergency crews received a call at about 1:30 a.m. on Saturday from the WinSport athletics complex, which was closed to the public at the time. Police… Continue reading Two dead, six injured following after-hours visit to Calgary bobsled-track
Canada lost 5,700 jobs in January
Alberta had 10,000 fewer jobs, country’s unemployment rate inches up to 7.2% The Canadian economy lost 5,700 jobs in January and the unemployment rate inched up to 7.2 per cent. That’s worse than what economists were expecting — for the economy to add about 6,000 jobs during the month. Statistics Canada reported Friday that fewer people were… Continue reading Canada lost 5,700 jobs in January