Higher oil prices are expected to boost cash flow for the large Canadian crude producers as they roll out second-quarter results beginning next week, but analysts say the extra money is unlikely to be added to growth budgets.
After months of taking to the streets to demand pipeline project approvals and rallying last month to call for lower property tax increases, Calgary's business community is looking forward to heading outside for pancakes and parties as the Calgary Stampede kicks off this week.
Third-generation farmer Ron Lamb remembers his father pulling six-metre-wide crop-seeding equipment around his southern Alberta grain fields in the 1990s, overlapping on each pass to make sure he covered all the ground.
Ottawa's approval of the Trans Mountain pipeline expansion pleased business leaders on Tuesday, June 18, 2019, but they say they will hold off on popping champagne corks until construction begins on new pipe from Edmonton to the West Coast.
Indigenous competition for the right to buy an equity stake in the Trans Mountain pipeline system is heating up, with an Alberta group announcing Wednesday it intends to assemble a province-wide coalition of supporters.
A Chinese company's $817-million investment in a northern Alberta heavy oil project nine years ago has collapsed in value to less than $80 million, based on the price its Canadian partner has negotiated for the sale of its majority stake.
A reduction in price discounts on Canadian oil following Alberta government-ordered production cuts this year has put more money in producer pockets and that's fuelling more oilpatch activity, according to the head of Ensign Energy Services Inc.