Alberta News
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Updated 2 hours, 37 minutes ago
Canadian Natural Resources Ltd., owner of the Horizon oil sands project, expects the spread between Brent crude and West Texas Intermediate to collapse as the reversed Seaway pipeline is completed and expanded.
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Updated 2 hours, 19 minutes ago
Canada’s commodity shares have fallen to their cheapest prices since the recession, wiping out the stock market’s best start to the year since 2004 as global economic concerns overshadowed the best two-month job growth in more than 30 years.
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Canadian employment rose almost six times faster than economists forecast in April, led by private- sector and full-time positions, creating the largest two-month increase in more than 30 years and leading investors to raise bets on higher interest rates.
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The woman responsible for many of the nation’s most permissive gun laws is a 4-foot-11, 73-year-old grandmother who carries a Smith & Wesson .38 Special with a laser sight in her purse.
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Carbon-dioxide emissions from Canada’s oil sands are low enough to allow the crude to be sold in Europe, the government of Alberta said, challenging a European Union study on the issue.
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Enbridge Inc. Chief Executive Officer Pat Daniel is counting on Canadians’ support for ending the nation’s reliance on U.S. markets to boost the company’s chances of building its proposed Northern Gateway pipeline.
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Canada buys high and sells low when it comes to crude oil, costing the world’s 10th largest economy billions in lost revenue as it expands production from one of the world’s largest energy deposits.
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Cenovus Energy Inc. had the best risk- adjusted returns among Canadian oil sands producers since it started trading 29 months ago, as the company controlled costs while expanding crude production.
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Canadian natural gas rose amid speculation that hotter-than-normal weather in the U.S. reduced additions to stockpiles, decreasing a record surplus.
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Declining gasoline prices have blunted what only a month ago was one of the leading Republican lines of attack against President Barack Obama.
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