Business

Alberta changing regulations to allow direct farm-to-consumer meat sales

The provincial government says Albertans will have improved access to locally produced meat through changes to the Meat Inspection Regulation."Alberta produces the world's best beef, pork and poultry ...

Jul 30, 2020

Husky Energy reports $304 million loss in Q2 as revenues plunge

CALGARY- Husky Energy swung to a $304 million net loss in the second quarter as revenues plunged nearly 55%.The Calgary-based oil producer says it lost 31 cents per diluted share for the three months ...

Jul 30, 2020

Province updates emissions regulation

EDMONTON- An expansion of eligibility in the Technology Innovation and Emissions Reduction (TIER) regulation will see fewer Alberta industries will pay the federal carbon.The provincial government say...

Jul 30, 2020

More bad news for Alberta's oilsands

EDMONTON- French energy giant Total says it is writing off $9.3 billion worth of oilsands assets in Alberta and cancelling its membership in the Calgary-based Canadian Association of Petroleum Produce...

Jul 30, 2020

Aviation tour to showcase Drayton Valley Airport and surrounding area

Showcasing the Drayton Valley area's business, tourism, recreation, and educational opportunities is the goal behind an event being held at the Drayton Valley Industrial Airport next month. On Aug. 8,...

Jul 29, 2020

Beef processing still pushed back but recovering amid COVID-19

MEDICINE HAT, AB - With closures and near closures of meatpacking plants this spring due to COVID-19, the industry saw everything fall behind.Now the processing industry and supply chain are starting ...

Jul 29, 2020

Petroleum Services Association of Canada lowers 2020 drilling forecast (again)

CALGARY - The Petroleum Services Association of Canada is cutting its 2020 Canadian drilling forecast for a third time as the industry remains mired in a slump expected to extend well into the second ...

Jul 29, 2020

Enbridge Q2 earnings slip as revenues plunge 40% due to COVID aftermath

CALGARY- Enbridge is reporting that its net income slipped to $1.65 billion in the second quarter on a 40% drop in revenues due to lower crude oil prices caused by the COVID-19 pandemic and OPEC price...

Jul 29, 2020

Lower livestock prices expected for the rest of 2020 says FCC expert

REGINA- A Farm Credit Canada expert is predicting lower than average cattle prices for the rest of this year.A report by James Bryan says prices for a 550-pound steer will be around $219 per hundredwe...

Jul 28, 2020

Deutsche Bank says it won’t back any new oilsands or coal projects

CALGARY- Frankfurt-based Deutsche Bank is joining a lengthening list of European lenders and insurance companies that say they won't back new oilsands projects.The German bank says its new fossil fuel...

Jul 28, 2020