The Regional Municipality of Wood Buffalo is eliminating 168 job positions to save $24.2 million, citing slow oilsands growth and the impact of the 2016 area wildfire.
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The Alberta economy topped the list of concerns that particular businesses in Sylvan Lake had in a survey conducted through the Town of Sylvan Lake.
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Construction delays and closures are being planned as construction efforts for the SW connection of the Calgary ring road pick up.
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Estimated full-year 2016 earnings were $2,165 million compared with $1,122 million in 2015, reflecting a $1.7 billion gain from the sale of retail sites and the company’s ability to deliver results in the current crude price environment.
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Construction of new pipelines would boost the Canadian economy, but not enough to overcome an expected long-term drop in oil prices, Bank of Canada governor Stephen Poloz says.
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Real gross domestic product rose for the fifth time in six months, up 0.4% in November. The increase in November came mainly from higher output in manufacturing, mining, quarrying, and oil and gas extraction, finance and insurance and construction.
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Total sales for the food services and drinking places subsector rose 0.4% in November to $5.5 billion. Prices for food purchased from restaurants were up 2.5% in the 12 months to November, and prices for alcoholic beverages served in licensed establishments were 1.3% higher.
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Local contractors are calling foul on a new municipal tendering protocol they say has shut out local builders from bidding on the seniors’ centre.
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The North Saskatchewan River is cleaner compared to just 50 years ago.
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Despite a good start to the year for the loonie, U.S. President Donald Trump’s protectionist trade policies will keep pressuring the Bank of Canada into doing all it can to drive the currency down in 2017 according to one money manager.
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