
Alberta unemployment hits 9%, highest in 22 years
More jobs were lost and more Albertans were looking for work in November, pushing the unemployment rate to the highest its been in over 22 years. Continue reading
More jobs were lost and more Albertans were looking for work in November, pushing the unemployment rate to the highest its been in over 22 years. Continue reading
Mergers and acquisitions experts are predicting fewer Canadian oil and gas companies will go bust over the next year as most of the “troubled children” of the industry have already failed or been sold. Continue reading
The Canadian dollar weakened to a two-week low against its U.S. counterpart on Monday as oil fell. Continue reading
Five years after Alberta raised a record-setting $3.5 billion at auctions of provincially owned oil and gas drilling rights, sales are on pace this year to set a historic low. Continue reading
Precision Drilling Corp.’s second-quarter loss nearly doubled to $58 million as revenue dropped 51 per cent from a year earlier. Continue reading
A pair of forecasts released Thursday see little in the way of good news for Canada’s ailing oil and gas sector. Continue reading
Cenovus Energy Inc. reported a first-quarter loss of $118 million as it said its cost-cutting plan was on track. Continue reading
Alberta Finance Minister Joe Ceci says Thursday’s budget will not only contain a huge deficit, but also a plan on how to dig out of it. Continue reading
When times were good, Canadians moved from across the country to the oilpatch in Alberta looking for work. Now some are leaving and could face a higher income tax bill at home. Continue reading
Canada’s oil and gas sector is on track to have the biggest two-year decline in capital spending in its history. Continue reading