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Economists expect end of consumer carbon price pulled down April inflation to 1.6%

Canadian motorists were paying less at the pump in April after the Liberals nixed the consumer carbon price — a move economists expect will help keep inflation around the Bank of Canada’s two per cent target as tariff woes percolate. Statistics Canada is...

What a month of Alberta’s electrical mix shows: enormous variability backed up by natural gas

Alberta has one of the most dynamic electrical grids in the country, in large part because it’s a deregulated grid. That means that independent power producers can sell power into the grid, and they have in turn chosen a wide variety of power generation method....

Keystone restrictions, market uncertainty weigh on South Bow earnings forecast

CALGARY — Oil shipper South Bow Corp. is lowering the upper end of its 2025 earnings forecast due to market uncertainty and ongoing pressure restrictions on its Keystone pipeline. A segment of the Alberta-to-Texas system ruptured and spilled crude onto North Dakota...

Strathcona Resources makes stock-and-cash takeover offer for MEG Energy

CALGARY — Strathcona Resources Ltd. is making a takeover stock-and-cash offer for oilsands producer MEG Energy Corp. that values the company at about $5.9 billion. The offer comes after Strathcona, which already owns about a 9.2 per cent stake in MEG, says it sent a...

‘A first step’: Crowsnest Pass mayor excited about Northback drilling approval

CALGARY — The mayor of Crowsnest Pass in southwestern Alberta says the Alberta Energy Regulator’s approval of a controversial coal exploration project on the eastern slopes of the Rocky Mountains is long overdue. “I think they finally woke up. I think they...
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