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Crop yields shrivelling in the heat

“PDQ” is how Alberta Agriculture crop specialist Harry Brook sums up how soon Central Alberta farmers need some decent rainfall.

Pretty darn quick is what it stands for and for many producers, some moisture can’t come quick enough. READ

Oilsands cleanup may not be adequately funded: Alberta auditor general

Alberta’s auditor general says the province may not be requiring oilsands companies to save enough money to ensure their gigantic mines are cleaned up at the end of their life. READ

SNC-Lavalin says Ottawa not going far enough in changes to anti-corruption rules

SNC-Lavalin says the federal government’s softening of anti-corruption rules doesn’t go far enough and raises new legal questions. READ

Canada, Japan at odds over B.C. timber in TPP trade talks, documents show

One of Canada’s most protected industries — British Columbia timber — has been targeted by Japan in the massive Trans-Pacific Partnership trade talks, The Canadian Press has learned. READ

Bank of Canada survey points to regional divide in confidence amid low oil

There is a divide in business confidence across the country as low oil prices weigh on the outlook for some regions more than others, according to the latest reading from the Bank of Canada. READ

Importers of Greek food stockpiling products amid economic turmoil

Major Canadian importers of olive oil, sea salt, preserved vegetables and other delicacies from Greece say they’ve been stockpiling goods in their warehouses in anticipation that the economic turmoil overseas will get worse. READ

Gulf states reach $18.7 billion settlement with BP over 2010 Deepwater Horizon oil spill

British oil giant BP and five U.S. Gulf states announced a record $18.7 billion record settlement Thursday that resolves years of legal fighting over the environmental and economic damage done by the energy company’s oil spill in 2010. READ

Nova Chemicals' expansion on target for startup late next year

The workforce is ramping up on Nova Chemicals’ $1-billion polyethylene plant expansion. READ

Greek leader presses on with vote on austerity after creditors reject bid for quick deal

Eurozone finance ministers decided Wednesday to break off talks on more aid for Greece until after it holds a weekend referendum, even as the Greek government pressed ahead with plans to let the people decide whether to accept more austerity measures in exchange for a rescue deal. READ

Business innovation has continued to fade despite billions in federal cash: memo

Spending billions of public dollars over two decades has done little to reverse Canada’s long decline in the key economic category of business innovation, the federal government acknowledges in a newly released document. READ

Local economy predicted to slump

Red Deer’s economy will shrink this year because of slumping oil prices, predicts the Conference Board of Canada. However, city and Red Deer Chamber of Commerce representatives are more bullish on the local economy. READ

Alberta’s Industrial Heartland welcomes NDP approach to oil and gas processing

Alberta’s NDP government has made it clear it would prefer to see less of Alberta’s resources ripped and shipped, and more processed into higher value products at home. READ

Statistics Canada says gross domestic product edged down 0.1 per cent in April

The Canadian economy slipped in April, hurt by weakness in the mining and energy sectors, to post the fourth consecutive monthly decline. READ

Greece confirms it will not repay IMF loan as its bailout program is due to expire

Greece is set to become the first developed nation to not pay its debts to the International Monetary Fund on time, as the country sinks deeper into a financial emergency that has forced it put a nationwide lockdown on money withdrawals. READ

Ahead of referendum, Greeks hit by closed banks, warnings from eurozone

Anxious pensioners swarmed closed bank branches Monday and long lines snaked outside ATMs as Greeks endured the first day of serious controls on their daily economic lives ahead of a July 5 referendum that could determine whether the country has to ditch the euro currency and return to the drachma. READ

Alberta vaults from one of lowest minimum-wage payers to one of highest

Alberta, one of the lowest payers of minimum wage in Canada, is becoming one of the highest. READ

Head of ATB to lead panel that will review Alberta’s energy royalty system

Alberta’s NDP government has taken a first step toward fulfilling its promise to determine whether taxpayers are getting a fair portion of profits from development of their oil and gas resources. READ

Public sector jobs increased more than private sector over decade: report

A new report shows job growth in Canada’s public sector far outpaced that in the private sector over a decade. READ

Canada can pursue trade deal while protecting supply management, says Harper

Prime Minister Stephen Harper says Canada will defend its supply management system for dairy and poultry while still pursuing one of the biggest trade deals in history. READ

Figures show average wait time was 12 minutes on government 1-800 number

Calling the government to ask about your employment insurance case? Get comfortable — you’re likely to wait more than 10 minutes to talk with someone. READ

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