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Provincial Business

Oilpatch pain persists as Cenovus to cut 300 to 400 more jobs this year

CALGARY — Cenovus Energy says 300 to 400 workers will be let go from its Calgary office by year end as hopes for a quick recovery in oil prices evaporate.

The cuts announced Thursday are on top of 800 positions Cenovus eliminated in February. READ

TransAlta plans review after Alberta ruling it shut down plants to raise prices

TransAlta Corp. (TSX:TA) says it will undertake an independent review following a ruling from the Alberta Utilities Commission that the company deliberately triggered outages at power plants to raise electricity rates, thereby manipulating the markets. READ

White House: Keystone XL decision will come before Obama goes

The White House says a decision will be made on the Keystone XL pipeline while President Barack Obama is still in office, as rumours swirl that the long-delayed project is on the verge of rejection. READ

Two Calgary men convicted in elaborate Ponzi scheme sentenced to 12 years each

A judge has sentenced two men to 12 years in prison for one of the largest Ponzi schemes in Canadian history. READ

A complicated harvest

Recent rains will help crops but also complicate the harvest on many farms, says a Central Alberta crop specialist. Harry Brook, with Alberta Agriculture, said the precipitation will spur on fresh growth in fields from seeds that have been dormant in dry soil. “You’re going to have crop that’s mature and ripe. Then you’re going to have this stuff that’s as green as grass. Trying to harvest it is going to make it difficult because it invites a storage problem. You have quality issues as well,” Brook said on Monday. READ

Canada’s two largest railways report job cuts as falling shipments take toll

CALGARY — Canada’s two largest railways are reporting job cuts of up to 900 people as falling shipments of oil, grain and coal take a toll on their industry. Canadian Pacific Railway Ltd. (TSX:CP) said Tuesday it plans to slash 200 to 300 jobs later this year as the sector faces lower than expected freight volumes. READ

Notley hopeful Quebec will warm to Energy East if environment protected

Alberta Premier Rachel Notley is hopeful Quebec will get behind the Energy East oil pipeline, provided her province does its part to fight climate change and protect the environment. READ

New meat shop opens Friday

Longtime Lacombe-area bison rancher Armin Mueller is hanging his shingle on a new shop. Mueller and partner and master butcher Jakob Jud will swing open the door on Friday on a new storefront location in Lacombe featuring frozen natural meat, mostly from surrounding producers. Rangeland Meat Shops is the first of what could be a string of stores offering bison, elk, chicken, pork and beef free of antibiotics and growth hormones. READ

Environmental groups say $16K fine for pipeline spill not even a slap on wrist

An energy company with a history of pipeline problems has been fined and warned by Alberta’s regulator for a 2013 spill that sent millions of litres of salty water into the muskeg. 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

Critics seek tough rules for old wells

New research is raising concern about tens of thousands of dormant Alberta oil wells that don’t meet even minimum safety standards. READ

Business confidence up in August

Alberta business owners regained some of their swagger in August, according to the latest survey conducted by the Canadian Federation of Independent Business. READ

Oil, agriculture to buoy economy in West

Economically speaking, Western Canada should still be one of the best places in the world to live in 2012, a banking expert says. READ

TransCanada may be able to sped up urgently needed leg of Keystone pipeline

It may be possible for TransCanada Corp. to build the most urgently needed leg of its delayed Keystone XL oil pipeline as early as next year, an executive with the pipeline giant said Wednesday. READ

Cash Store reports big increase in Q2 profit

EDMONTON — Lender of last resort The Cash Store Financial Services Inc. (TSX:CSF) announced Wednesday it was boosting its dividend after reporting a major increase in second-quarter profits. READ

Shaw interested in some of Canwest's assets

The chief executive officer of Shaw Communication Inc. (TSX:SJR.B) confirmed Thursday that his company has been looking at buying some of Canwest’s assets, although he wouldn’t say what has caught his interest. READ

Finning posts loss

VANCOUVER — Finning International Inc. (TSX:FTT) shares sank Wednesday after the heavy equipment dealer said revenues and earnings fell more than analysts expected as the recession hit all of its businesses. READ

Missing man’s father seeks answers

The father of a slain Medicine Hat man says he is searching for answers in his son’s killing. READ

Canpages directory should be bigger

The Canpages directory should make a louder thump when it hits Central Alberta doorsteps this year. READ

Agriculture Financial Services Corporation one of best workplaces

Looking for a good place to work? You might want to send your resume to Agriculture Financial Services Corporation. READ

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