Alberta economy: Latest News

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29.01.2021 / 01:25

City of Calgary embracing more risk, opportunity during pandemic

Calgary’s water likely safe following coal policy changes, High River area a concern Increased risk levels resulted from the confluence of the coronavirus pandemic and the economic shock of the ongoing economic downturn that started with the drop in oil prices in 2015.“These risk events and impacts will continue to be felt throughout 2021 and beyond,” Duckworth said.The city’s chief administrative officer identified two broad areas of risk immediately facing the city’s operations.

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Hundreds of eviction notices issued; late rent payments up: Calgary Housing Company

Coronavirus pandemic raises question: Is it time for a basic income? She said the non-profit is working with those tenants and all other tenants who are behind in rent payment to support them and find solutions so they don’t have to lose their homes.“Eviction prevention is a primary focus for Calgary Housing and it has been since the beginning of COVID isolation in March. We work very, very hard with tenants, and we’re working very hard to ensure that no one loses their home,” she said.“At this point, we have 10 households who are unfortunately moving into enforcement.“And even though they’re moving into enforcement, we would be working with them to help them get on a payment plan,” Woodgate said.

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Oil and gas spending fell by 54% in last quarter: Stats Can

COVID-19 pandemic, low energy prices leave Alberta with $24.2B deficitThe federal agency says the industry spent about $3.88 billion in the three-month period, down from $8.46 billion in the first quarter and $8.59 billion in the second quarter of 2019, as a global price war and demand destruction caused by the COVID-19 pandemic eroded crude prices.

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Suncor reports $3.5 billion in losses due to low oil prices

Suncor Energy Inc. is reporting a first-quarter net loss of $3.525 billion mainly due to asset impairments linked to low oil prices, compared with net earnings of $1.47 billion in the same quarter of last year.

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Alberta tech companies face challenges, opportunities during COVID-19 pandemic

Like many businesses across Alberta, Showpass has seen better days. But it’s not “curtains” for the online ticket seller yet.

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Flair Airlines rehires all laid-off employees and restores wages following federal subsidy

Flair Airlines has made the move to rehire all the employees it previously laid off, restoring it to a “pre-pandemic” level, after the company was assisted by the Canada Emergency Wage Subsidy.

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Alberta oilsands struggling as Western Canadian Select plunges to $5 per barrel

Oil and gas producers in Alberta may very well be facing their toughest challenge to date, as the price of Western Canadian Select closed at US$5.29 Wednesday.

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Coronavirus: Calgary Airport Authority lays off one-third of staff as travel drops

The Calgary Airport Authority confirmed Friday it’s saying goodbye to one-third of its staff due to plummeting passenger volumes as countries suspend flights in the face of the COVID-19 pandemic.

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Beaumont allows people to defer taxes, some utility payments amid COVID-19 crisis

The City of Beaumont announced new measures on Tuesday to ease the financial burden of people in the community struggling amid the ongoing COVID-19 crisis.

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Coronavirus: No panic buying at liquor and cannabis stores in Lethbridge

Through stressful times like the COVID-19 pandemic, some people have resorted to panic buying.

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United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0