Capital Spending

• Lethbridge County increases taxes, Coaldale freezes taxes as both councils pass 2021 budgets

  Both the Town of Coaldale and Lethbridge County announced budget approvals this week.

  Politics

  Dec 18, 2020
  
• Oil and gas spending fell by 54% in last quarter: Stats Can

  Capital spending in the country's oil and gas sector fell by 54 per cent in the quarter ended June 30 as numerous producers chopped budgets amid sliding global oil prices.

  Canada

  Aug 28, 2020
  
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• Saskatchewan tops up economic stimulus package by $2 billion

  Over 10,000 jobs are expected to be created through new capital spending says the government of Saskatchewan.

  Economy

  May 6, 2020
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• MEG Energy cuts capital spending plan again, reports $284M Q1 loss

  MEG Energy cut its capital spending guidance for a second time due to the COVID-19 pandemic as it reported a first-quarter loss of $284 million.

  Economy

  May 5, 2020
• Oilpatch workers face pay cuts and layoffs as companies like Cenovus react to low prices

  Budget cuts in the western Canadian oil and gas sector are hitting home for front-line workers who are facing smaller paycheques as well as the ever increasing risk of being laid off.

  Economy

  Apr 2, 2020
• Imperial Oil cutting spending plans for 2020 by $1 billion amid COVID-19 pandemic

  Imperial Oil Ltd. is reducing its spending for this year by $1 billion, including a $500-million cut to its capital spending plan as it deals with the COVID-19 pandemic and crash in oil prices.

  Canada

  Mar 31, 2020
• Precision Drilling moves to cut costs and capital spending plan in response to COVID-19

  Precision Drilling is reducing staff, cutting salaries and lowering its capital spending plan in response to the COVID-19 pandemic and current market conditions.

  Canada

  Mar 24, 2020
• Shares in Calgary-based Birchcliff fall after higher-than-expected 2020 budget unveilved

  Shares in natural gas producer Birchcliff Energy Ltd. fell by as much as 13.7 per cent on Thursday after it announced a higher-than-expected $350-million 2020 capital spending budget.

  Canada

  Jan 23, 2020
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• Cenovus says capital spending to edge higher in 2020, production to rise

  Cenovus plans to increase its capital spending in 2020 compared with 2019.

  Economy

  Dec 10, 2019
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• Husky Energy confirms 370 job cuts as it trims 2020-21 spending by $500M

  About 370 jobs have been cut at Husky Energy this year with most of the reductions coming in a major round of layoffs in October, CEO Rob Peabody revealed Monday.

  Money

  Dec 2, 2019