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Provincial Business

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

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

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

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

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

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

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

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

Local brewers serve up suds at Calgary Beerfest

It’s amber, it’s zesty and it’s a mouthful to say: it’s the newest beer from Olds College Brewmaster and Brewery Operations Management program, Irish Wristwatch. READ

Cenovus CEO pans idea of royalty review as May 5 Alberta election looms

The CEO of Cenovus Energy says it would be a bad idea to review Alberta’s royalty structure at a time when crude prices are down by half. 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

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