Canadian crude oil production on the rise

Exports on the rise to U.S. and elsewhere: StatsCan

Canadian crude oil production on the riseCanadian production of crude oil and equivalent products totalled 264.6 million cubic metres in 2018, up 8.5 per cent from the previous year, according to Statistics Canada. The federal agency reported on Monday that non-upgraded production of crude bitumen (+12.7 per cent) was the main contributor to the overall rise. Since January 2016, the average…

Alberta leads the way in crude oil production increase

Statistics Canada said exports of crude oil and equivalent products increased 10.7% from the same month a year earlier

Alberta leads the way in crude oil production increaseCanada produced 23.1 million cubic metres (145.6 million barrels) of crude oil and equivalent products in October, up 13.2 per cent from the same month a year earlier, according to Statistics Canada. The federal agency said on Friday that Alberta produced 19.3 million cubic metres of crude oil and equivalent products in October, an increase…

Indigenous communities should tap into the medical tourism market

The James Smith Cree Nation could create what would be Saskatchewan’s first private-pay MRI facility

Indigenous communities should tap into the medical tourism marketA First Nation community about 70 kilometres southeast of Prince Albert, Sask., hopes to generate profit within five years from a private MRI clinic. The James Smith Cree Nation could create what would be the province’s first private-pay MRI facility. This became possible when the Saskatchewan government passed legislation in 2016 allowing for such facilities…

Mainstreet Equity records best fiscal year since recession

A return to double-digit growth across all of its key real estate metrics

Mainstreet Equity records best fiscal year since recessionMainstreet Equity Corp. says the apartment rental company managed to not only survive but thrive in 2018, producing its best annual results since the recession began in 2014. For Fiscal 2018, which ended Sept. 30, this included a return to double-digit growth across all of its key real estate metrics. Net operating income grew 12…

The Canada option: is it still viable for Alberta?

Separation has become a real possibility thanks to the abuses and injustices imposed by Ottawa

The Canada option: is it still viable for Alberta?In the past couple of weeks, a retired senior oil executive, Gwyn Morgan, a former premier of Saskatchewan, Brad Wall, and a veteran journalist, Don Braid, all commented publicly on the current position of Alberta in Canada. They agreed on the nature of the problem, but stopped short of suggesting the obvious response. It’s not…

U.S. imports of Canadian heavy crude oil continues to grow

U.S. is by far the world’s largest refining market for heavy oil, processing more than half of all that type of crude globally in 2018

U.S. imports of Canadian heavy crude oil continues to growA new report released on Tuesday by IHS Markit says imports of Canadian heavy crude are an increasingly important source of supply to the United States, the world’s largest refining market for such crudes. The report, Looking North: A U.S. Perspective on Canadian Heavy Oil, said U.S. imports of Canadian heavy crudes will approach 2.8…

Capital expenditures in Canadian oil patch plunge 58% from 2014

ATB report blames the decline on the completion of major projects and the dramatic oil price differential

Capital expenditures in Canadian oil patch plunge 58% from 2014The news from the oil patch continues to raise concerns across Alberta and Canada. The latest is the revelation that capital expenditure in the oil patch, a driving force of the national and provincial economies, is falling again. ATB Financial’s Economics & Research Team on Thursday released data from Statistics Canada indicating that there were “whispers…

We can’t ignore the roots of some rural crime

Trotting out historical excuses for criminal actions will only leave rural residents to continue to be terrorized by gangsters

We can’t ignore the roots of some rural crimeRural crime near troubled reserves on the Prairies must be acknowledged if there’s any hope of remedying the situation. Doug Cuthand, an Indigenous Saskatchewan columnist, believes the phrase ‘rural crime‘ is code for crimes committed by Indigenous thugs. But in Saskatchewan, for example, an Indigenous man is 33 times as likely to be convicted of…

Has Saskatchewan Government Insurance outlived its purpose?

A private insurance corporation would be better suited to take on any risk, instead of leaving taxpayers to bear losses

Has Saskatchewan Government Insurance outlived its purpose?Ian Madsen and Alexandra Burnett Frontier Centre for Public Policy Many Crown corporations created long ago are showing signs that they’re no longer appropriate for life in evolving competitive markets. Saskatchewan Government Insurance (SGI) may be one that’s outlived its purpose of providing vehicle insurance to Saskatchewan drivers. SGI is the monopoly owned by the…

Is the ‘shale revolution‘ already winding down?

The efficiencies of shale exploitation technology may be sowing the seeds of a rapid decline

Is the ‘shale revolution‘ already winding down?Calgary’s Business and Troy Media are pleased to welcome Brad Hayes to our roster of contributors. Brad is president of Petrel Robertson Consulting Ltd., a geoscience consulting firm addressing technical and strategic issues around conventional and unconventional hydrocarbon exploration and development. He earned a PhD in geology from the University of Alberta, and a BSc…

Canada’s climate policy mess is hardly cost-effective

The federal government is simply layering a carbon tax on top of a pre-existing and very inefficient mix of regulations

Canada’s climate policy mess is hardly cost-effectiveIn the latest example of carbon-pricing confusion, the C.D. Howe Institute recently published a report that describes the federal carbon-pricing plan as “cost-effective” – while noting evidence that the overall policy mix is anything but. Since we don’t get to pick which policies bite, it’s important to see the carbon tax not in isolation but…

Crude oil and equivalent products production up 9.6%

Alberta (82.6%), Saskatchewan (10.3%) and Newfoundland and Labrador (4.7%) accounted for the vast majority of Canadian production

Crude oil and equivalent products production up 9.6%Canadian production of crude oil and equivalent products continued at a robust pace in August as production totalled 23.6 million cubic metres (148.6 million barrels), up 9.6 per cent compared with the same month in 2017, says Statistics Canada. And Alberta produced a record 19.5 million cubic metres of crude oil and equivalent products in…

Volunteers make it happen

Gary Hamilton has been described as a tireless champion for Kindersley who has made our community better

Volunteers make it happenBy Joan Janzen of the Clarion “Volunteers don’t do what we do for the honors we receive,” said long-time volunteer Gary Hamilton. “We do it because there’s a need in our community and if we don’t do it, it doesn’t happen.” Nevertheless, Gary has been described as a tireless champion for Kindersley who has made…

Sundial Growers partners with U of S for cannabis research

Project to study the effectiveness of using cannabis as a treatment for dementia

Sundial Growers partners with U of S for cannabis researchAlberta-based cannabis producer Sundial Growers is partnering with the University of Saskatchewan to research the efficacy of cannabis as a treatment for dementia. Clinical studies will be undertaken as part of the research. “With today's (Tuesday) announcement and similar collaborations with the University of Calgary and Sundial's Mitacs research initiative, we are demonstrating our commitment to becoming…

ATB Financial lends Westleaf Cannabis funds for SK facility

Company plans 115,000-square-foot cannabis cultivation facility near Battleford

ATB Financial lends Westleaf Cannabis funds for SK facilityWestleaf Cannabis is receiving a development loan of up to $24 million from ATB Financial to build its business. “As one of the first traditional lenders to enter the cannabis space, we’re proud of our long-term partnership with ATB as it has been instrumental in bringing our Westleaf vision to life,” said Taylor Ethans, chief…
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