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Alberta News

List of oil producers cutting budgets lengthens with Husky, ARC and more

List of oil producers cutting budgets lengthens with Husky, ARC and more

CALGARY — Canada's oil and gas producers are continuing to cut billions of dollars from capital spending budgets and reduce payouts to investors in the wake of this week's sharp plunge in oil prices. Calgary-based ARC Resources Ltd.

ARC Resources cuts capital budget for 2020, slashes dividend payment

CALGARY — ARC Resources Ltd. cut its capital budget and slashed its dividend to help deal with the plunge on commodity markets.
Longtime Calgary Flames executive Ken King dead at 68

Longtime Calgary Flames executive Ken King dead at 68

Calgary Flames executive Ken King has died at 68 after guiding the organization through several defining moments. King, from Hanley, Sask., was vice-chair of Calgary Sports and Entertainment Corporation, which owns the Flames.
Alberta wants no big events, but keeps schools open during outbreak

Alberta wants no big events, but keeps schools open during outbreak

EDMONTON — Alberta's chief medical officer is urging all events with more than 250 people be cancelled immediately to help stop the spread of the novel coronavirus. Dr.
Downtown Calgary daycare closed after child tests positive for COVID-19

Downtown Calgary daycare closed after child tests positive for COVID-19

CALGARY — A two-year-old who recently returned from a family vacation in Florida is among four new COVID-19 cases confirmed in Alberta, prompting a daycare in a downtown Calgary office tower to temporarily shut down.

Calgary-based energy company fined for pipeline failure three years ago

CALGARY — An energy company has been fined $125,000 for a pipeline failure southwest of Edmonton nearly three years ago. Calgary-based Journey Energy Inc. was originally facing five charges under the Environmental Protection and Enhancement Act.
Kissel benefit concert for Nashville tornado victims raises $57,000

Kissel benefit concert for Nashville tornado victims raises $57,000

EDMONTON — Canadian country music star Brett Kissel's benefit concert in Edmonton has raised $57,000 for victims of last week's tornadoes in Tennessee.
Pipeline sale to provide protection from 'severe downturn,' Tidewater says

Pipeline sale to provide protection from 'severe downturn,' Tidewater says

CALGARY — A deal to sell its Pioneer Pipeline will help insulate Calgary-based Tidewater Midstream and Infrastructure Ltd. from a "severe downturn" that's afflicted the energy industry for the past three years, the company's CEO said Thursday.
World Cup cross-country event in Canmore cancelled

World Cup cross-country event in Canmore cancelled

CANMORE, Alta. — A World Cup cross-country ski event scheduled for next week in Canmore, Alta., has been cancelled because of the COVID-19 outbreak.
Collecting CPP while still contributing goes against expert advice

Collecting CPP while still contributing goes against expert advice

CALGARY — Canadians can begin collecting Canada Pension Plan payments as early as age 60, but financial advisers warn it rarely makes sense to do so. And there are even fewer reasons to start drawing retirement funds early when you're still working.