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Boss of biggest oilsands player calls for tougher action on climate change

CALGARY — Calls for tougher carbon pricing are coming from what may, on the surface, seem like an unlikely source: Calgary business leaders, including the boss of Canada’s biggest oilsands player.

“Climate change is happening,” Suncor Energy CEO Steve Williams said in a speech Friday. “Doing nothing is not an option we can choose.” READ

Former Saskatchewan premier Calvert says Albertans need not fear royalty review

Former Saskatchewan NDP premier Lorne Calvert says oil and gas companies shouldn’t panic or lash out over the new Alberta government’s plans to review royalty rates. READ

Major oil spill could cost Vancouver’s economy $1.2 billion: city report

Vancouver’s economy could suffer a $1.2-billion blow in case of a major oil spill caused by Kinder Morgan’s Trans Mountain pipeline expansion, concludes a new report released by the city. READ

Crews start cleaning up California coastline after broken pipe spills oil into sea

Cleanup crews fanned out Wednesday along a stretch of scenic California coastline stained by thousands of gallons of crude oil that spilled from a broken pipe and flowed into the Pacific Ocean. READ

U.S. House to consider repeal of meat labelling law

A U.S. House of Representatives committee is moving swiftly to get rid of labels on packages of meat that say where the animals were born, raised and slaughtered. READ

Canadians dealing with debt prudently despite record levels: Fraser Institute

Canadians are carrying record amounts of debt, but they are managing their finances prudently, according to a report by the Fraser Institute. READ

Group of banks fined over $5 billion, will plead guilty to rigging global currency markets

Four global banks agreed Wednesday to pay more than $5 billion in penalties and plead guilty to rigging the world’s currency market, the first time in more than two decades that major players in the financial industry have admitted to criminal wrongdoing on such a scale. READ

Congressional committee moves to avert trade war over meat labelling laws

A group of U.S. lawmakers hopes to move swiftly to avoid a trade war with Canada. READ

CIBC reports insolvencies rising for the first time since the recession

The number of Canadians who can’t pay their debts and are being forced into insolvency is on the rise for the first time since the recession, according to a report by CIBC. READ

Recent climb of loonie, oil prices adds to economic uncertainty: Bank of Canada

The recent rise in oil prices and the exchange rate are adding to uncertainty about the direction of the country’s economy, Bank of Canada governor Stephen Poloz said Tuesday. READ

Canada sets new greenhouse gas reduction target; critics call it weak

Canada has set a new greenhouse gas emission reduction target as it prepares for international talks later this year, but critics say the goal is the weakest among G-7 countries. READ

Ikea recalling about 75,000 safety gates after malfunctions lead to 3 injuries

Ikea is recalling approximately 75,000 safety gates, including some 17,000 in Canada, because the gates may fail to stay closed. Three children have been injured. READ

Investigators checking leak on TransCanada sweet natural gas pipeline in Alberta

Investigators are checking a breach of a TransCanada Corp. sweet natural gas pipeline in southern Alberta. READ

Local home builders honoured

Laebon Homes was crowned builder of the year large volume on Saturday, winning five awards at the Central Alberta homebuilders awards of excellence. READ

Proposed measures to protect unpaid interns fall woefully short: NDP

Measures announced in last month’s budget to protect unpaid interns have turned out to be far less potent than advertised, New Democrats charge. READ

Central Alberta homebuilders recognized

Laebon Homes was crowned builder of the year large volume on Saturday, winning five awards at the Central Alberta homebuilders awards of excellence. READ

Canada loses 19,700 jobs in April, unemployment rate sticks at 6.8%

The Canadian economy lost 19,700 net jobs last month as the headline number in the latest labour-market data came in lower than economists’ expectations. READ

Two new fitness clubs planned for Parkland Mall

Side-by-side fitness clubs operated by the same company are planned at Parkland Mall next year. Located in the former Sears site at the mall, a 63,000-square-foot GoodLife Fitness and a 12,000- square-foot Fit4Less by GoodLife are expected to open next spring. READ

Home improvement giant eyes Red Deer location

Lowe’s could be expanding to Red Deer. READ

Energy stocks hit as oilpatch takes stock of NDP election victory in Alberta

The new reality of an orange-tinged Alberta was beginning to sink in across the oilpatch and Bay Street on Wednesday and, though there were some jitters, many are awaiting more details before they pass judgment. READ

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