Alberta News

Cenovus retires $1 billion in debt as oil price surge lifts Canadian energy sector

CALGARY — Cenovus Energy Inc. retired nearly $1 billion in debt in the second quarter as the easing of COVID-19 restrictions and a related commodity price surge provided a lift to Canadian oil and gas producers.

Jul 29, 2021 12:22 PM Read more >

Suncor Energy cuts guidance for Fort Hills due to slope instability at mine site

CALGARY — Suncor Energy Inc. said Thursday it will produce less bitumen than expected this year from its Fort Hills oilsands mine.

Jul 29, 2021 9:14 AM Read more >

Demand increasing: Canadian Blood Services watching supply as COVID-19 rules eased

CALGARY — A return to a somewhat normal summer as COVID-19 restrictions are eased is putting a strain on Canada's blood supply.

Jul 29, 2021 2:00 AM Read more >

Alberta to end isolation rules for COVID-19 cases, close contacts as cases rise

CALGARY — Alberta is ending isolation requirements for people who test positive for COVID-19 and their close contacts as cases climb in the province. Dr.

Jul 28, 2021 6:05 PM Read more >

CP Rail says ruling on CN-KCS merger expected soon; CP not giving up on its own bid

CALGARY — With a U.S. regulator set to rule soon on Canadian National Railway Co.'s proposed merger with Kansas City Southern, rival Canadian Pacific Railway Ltd. says it stands "ready to re-engage" with KCS if CN's $33.

Jul 28, 2021 4:50 PM Read more >

UCP backbencher fined $15K by Elections Alberta for funding violations

EDMONTON — A United Conservative backbencher has been fined $15,000 by Elections Alberta for a variety of offences including filing false financial statements.

Jul 28, 2021 4:42 PM Read more >

Crescent Point raises 2021 production guidance as higher prices boost Q2 profits

CALGARY — Crescent Point Energy Corp. expects to generate "significant" excess cash flow this year as energy prices surge, chief executive Craig Bryksa said Wednesday.

Jul 28, 2021 11:27 AM Read more >

ASIRT investigating after man shot during confrontation with Edmonton police

EDMONTON — Alberta's police watchdog is investigating after a man who was reportedly firing a gun in an Edmonton parking lot was shot and killed during a confrontation with police officers.

Jul 28, 2021 10:46 AM Read more >

Inter Pipeline board recommends shareholders support revised Brookfield offer

CALGARY — Inter Pipeline Ltd. says its board of directors is recommending shareholders accept a $16-billion takeover offer by Brookfield Infrastructure Partners LLP.

Jul 28, 2021 8:47 AM Read more >

Cost of data breaches in Canada hit new record in 2021: IBM

CALGARY — The average cost of a data breach in Canada hit a record high last year as companies grappled with new cybersecurity risks during the COVID-19 pandemic.

Jul 28, 2021 2:30 AM Read more >