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Provincial Business

Oil-price collapse to cut $4.3 billion from federal revenues: report

OTTAWA — The sharp collapse of world oil prices will cut the Canadian government’s income by $4.3 billion this year and deliver a nearly $10-billion blow to the provinces, says a new report Tuesday by the Conference Board of Canada.

The study predicts the slide in crude prices to chop $4.5 billion from provincial royalties in 2015, with the bulk of the losses expected to strike the oil-producing regions Alberta, Saskatchewan and Newfoundland and Labrador. READ

Cheap crude puts economy’s post-recession recovery at risk: Bank of Canada

The Bank of Canada says low oil and commodity prices are putting the Canadian economy’s post-recession recovery at risk. READ

Over to you, Obama: Nebraska court clears path for presidential decision on Keystone

The Keystone XL pipeline decision now rests in President Barack Obama’s hands, with a Nebraska court clearing an obstacle that has delayed the conclusion of the years-long debate over the Canadian oil project. READ

Most of Canada’s oilsands unusable if world moves on climate: report

A new study says most of Canada’s oilsands will have to be left in the ground if the world gets serious about climate change. READ

‘We can shrink-wrap anything’

Opportunity didn’t knock on Dennis Duncan’s door, but it did pass by his house. The steady flow of trailered boats heading to and from Sylvan Lake on Rainy Creek Road in front of Duncan’s farm provided the inspiration for a boat maintenance service. And that spawned a shrink-wrap business that now stretches across the province. READ

Ontario, B.C. to grow faster than Alberta in 2015 due to oil price: economist

Falling oil prices will shift the balance of power among Canada's provinces this year, with Alberta expected to see its growth rate slashed in half, according to Bank of Montreal chief economist Douglas Porter. READ

White House threatens to veto Keystone pipeline bill

The White House says President Barack Obama would veto legislation approving construction of the long-stalled Keystone XL oil pipeline. READ

Cheaper crude oil might actually benefit Canadian economy: RBC study

Perhaps an era of cheap crude won’t be so bad for Canada after all. 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

Senior managers, for hire

In the spring of 2006, Permolex Ltd. was in need of executive help. READ

Families finally getting flood relief?

A family that suffered flooding near Garrington Bridge on the Red Deer River last May will receive disaster assistance from the provincial government. READ

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