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Alberta News

Imperial Oil reports $3-million profit in Q3, production up from previous quarter

Imperial Oil reports $3-million profit in Q3, production up from previous quarter

CALGARY — Imperial Oil Ltd. posted a profit of $3 million in its latest quarter down from a profit of $424 million in the same quarter last year. The company says the profit amounted to zero cents per diluted share for the quarter ended Sept.
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Shaw Communications posts higher Q4 profit but revenue flat compared with last year

Shaw Communications posts higher Q4 profit but revenue flat compared with last year

CALGARY — Shaw Communications Inc. says its fourth-quarter profit was up 5.4 per cent from the same time last year, but total revenue remained steady at just under $1.35 billion.
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Alberta removing two COVID-19 symptoms that required people under 18 to isolate

Alberta removing two COVID-19 symptoms that required people under 18 to isolate

EDMONTON — Alberta’s top doctor says the province will be removing two symptoms from its COVID-19 checklist for people under the age of 18 that required mandatory isolation. Dr. Deena Hinshaw says they include runny nose and sore throat.
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Alberta panel recommends no-fault auto insurance to address rising, costly premiums

Alberta panel recommends no-fault auto insurance to address rising, costly premiums

EDMONTON — A government panel is recommending a fundamental overhaul of automobile insurance in Alberta to move away from costly, protracted court fights to a collaborative no-fault model.
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Hockey Canada still holding out hope that Lafreniere can play in world juniors

CALGARY — The Canadian junior hockey team will play the waiting game with Alexis Lafreniere and the New York Rangers after learning Thursday that another NHLer will join the squad for selection camp.
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Suncor says end of Alberta oil quotas a "positive signal" as it reports $302M loss

Suncor says end of Alberta oil quotas a "positive signal" as it reports $302M loss

CALGARY — The Alberta government's decision to end its oil production curtailment program in December after almost two years is "a very positive signal" for oilsands and refining giant Suncor Energy Inc., CEO Mark Little said Thursday.
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One-time costs of Husky takeover expected to be about $500 million, says Cenovus CEO

One-time costs of Husky takeover expected to be about $500 million, says Cenovus CEO

CALGARY — The one-time costs of merging with Husky Energy Inc. are expected to total about $500 million, including severance, says the CEO of Cenovus Energy Inc., adding the expense is worth it given the expected savings of about $1.
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'Bleak' drilling forecast calls for even fewer Canadian oil and gas wells in 2021

'Bleak' drilling forecast calls for even fewer Canadian oil and gas wells in 2021

CALGARY — The Petroleum Services Association of Canada says it expects another "bleak" year for Canadian oil and gas drilling in 2021.
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Canadian women's hockey team yearns for international competition

Canadian women's hockey team yearns for international competition

CALGARY — The Canadian women's hockey team is in desperate need of international games. Gina Kingsbury hopes a Rivalry Series against the United States can happen this winter.
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Husky Energy hit by non-cash impairment charges, reports $7-billion loss in Q3

Husky Energy hit by non-cash impairment charges, reports $7-billion loss in Q3

CALGARY — Husky Energy Inc. reported a nearly $7.1-billion loss in its latest quarter as it was hit by $6.7 billion in non-cash impairment charges after taxes related to lower long-term commodity price assumptions and reduced capital investment.
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