Source: Mickey Djuric, globalnews.com, July 16 2020 The work will be spread throughout the Lloydminster, Kindersley, Swift Current and Estevan areas. More workers in Saskatchewan’s oil and gas industry will head back to work after the province approved $12 million in federal funding to clean up inactive wells. “This first parcel of work projects incorporates… Continue reading Sask.-Based Companies to Receive Federal Funding for Inactive Well Cleanup
Tag: dollar
Higher Crude Oil Prices Means Baytex Can Restart Most of Its Suspended Wells
Source: The Canadian Press, jwenergy.com, June 26 2020 The company will only restore half it’s 2020 capital spending plan. Baytex Energy Corp. says it is responding to higher oil prices by bringing back on line some of the wells it had shut down in April and May to avoid selling into an oversupplied market. The… Continue reading Higher Crude Oil Prices Means Baytex Can Restart Most of Its Suspended Wells
More Canadians Are Going Hungry as COVID-19 Squeezes Economy
Source: Patrick Cain, globalnews.ca, June 24, 2020 A recent survey shows a direct connection between COVID-19’s damage to the economy and Canadians going hungry. The novel coronavirus has ravaged the national economy and more Canadians are going hungry as a result, Statistics Canada announced Wednesday. Food insecurity is sharply higher than the last time StatCan… Continue reading More Canadians Are Going Hungry as COVID-19 Squeezes Economy
Canadians Working Permanently From Home Could See Salary Changes
Source: Tara Deschamps The Canadian Press Staff, ctvnews.ca, June 22 2020 Companies need to consider what salaries will help them retain talent, but also how their costs will change if employees are working from home. TORONTO — When Mark Zuckerberg hosted a townhall in late May with Facebook’s 48,000 employees, some were tuning in from… Continue reading Canadians Working Permanently From Home Could See Salary Changes
800 Enbridge Staff Have Take Voluntary Buyouts to Avoid Layoffs
Source: The Canadian Press, pipelinenews.ca, June 18 2020 Some of the options employees have taken include early retirement, severance, educational or personal leaves of absence or part-time work. CALGARY — Enbridge Inc. says 800 employees have voluntarily left the company, allowing it to avoid layoffs as it cuts costs to counter impacts from COVID-19 and… Continue reading 800 Enbridge Staff Have Take Voluntary Buyouts to Avoid Layoffs
Weak Canadian Dollar This Monday Morning
Source: MarketsFarm, producer.com, June 15 2020 To start the week off, West Texas Intermediate crude oil was down by nearly four per cent. WINNIPEG, June 15 (MarketsFarm) – The Canadian dollar was weaker Monday morning, as losses in crude oil weighed on the energy-linked currency. At 8:36 CDT Friday morning the Canadian dollar was at… Continue reading Weak Canadian Dollar This Monday Morning
Canada’s sudden economic vigour may be short-lived
Source: www.theglobeandmail.com Economy perks up Canada’s economy is suddenly looking brighter on several fronts, but analysts aren’t optimistic that it’s going to last. Economists are marking up their forecasts for economic growth, and they expect the Bank of Canada to do the same when it releases its monetary policy report this week. Bank of America Merrill… Continue reading Canada’s sudden economic vigour may be short-lived