U.S. imports of Canadian heavy crude oil continues to grow

U.S. is by far the world’s largest refining market for heavy oil, processing more than half of all that type of crude globally in 2018

U.S. imports of Canadian heavy crude oil continues to growA new report released on Tuesday by IHS Markit says imports of Canadian heavy crude are an increasingly important source of supply to the United States, the world’s largest refining market for such crudes. The report, Looking North: A U.S. Perspective on Canadian Heavy Oil, said U.S. imports of Canadian heavy crudes will approach 2.8…

Capital expenditures in Canadian oil patch plunge 58% from 2014

ATB report blames the decline on the completion of major projects and the dramatic oil price differential

Capital expenditures in Canadian oil patch plunge 58% from 2014The news from the oil patch continues to raise concerns across Alberta and Canada. The latest is the revelation that capital expenditure in the oil patch, a driving force of the national and provincial economies, is falling again. ATB Financial’s Economics & Research Team on Thursday released data from Statistics Canada indicating that there were “whispers…

We can’t ignore the roots of some rural crime

Trotting out historical excuses for criminal actions will only leave rural residents to continue to be terrorized by gangsters

We can’t ignore the roots of some rural crimeRural crime near troubled reserves on the Prairies must be acknowledged if there’s any hope of remedying the situation. Doug Cuthand, an Indigenous Saskatchewan columnist, believes the phrase ‘rural crime‘ is code for crimes committed by Indigenous thugs. But in Saskatchewan, for example, an Indigenous man is 33 times as likely to be convicted of…

Has Saskatchewan Government Insurance outlived its purpose?

A private insurance corporation would be better suited to take on any risk, instead of leaving taxpayers to bear losses

Has Saskatchewan Government Insurance outlived its purpose?Ian Madsen and Alexandra Burnett Frontier Centre for Public Policy Many Crown corporations created long ago are showing signs that they’re no longer appropriate for life in evolving competitive markets. Saskatchewan Government Insurance (SGI) may be one that’s outlived its purpose of providing vehicle insurance to Saskatchewan drivers. SGI is the monopoly owned by the…

Is the ‘shale revolution‘ already winding down?

The efficiencies of shale exploitation technology may be sowing the seeds of a rapid decline

Is the ‘shale revolution‘ already winding down?Ten-plus years ago, we heard about the “shale revolution” – the realization that horizontal drilling and hydraulic fracturing were changing the face of the oil industry, unleashing huge new supplies of gas and oil from unconventional (shale and tight) reservoirs. And while the revolution is still confined largely to the United States and Canada, it…

Canada’s climate policy mess is hardly cost-effective

The federal government is simply layering a carbon tax on top of a pre-existing and very inefficient mix of regulations

Canada’s climate policy mess is hardly cost-effectiveIn the latest example of carbon-pricing confusion, the C.D. Howe Institute recently published a report that describes the federal carbon-pricing plan as “cost-effective” – while noting evidence that the overall policy mix is anything but. Since we don’t get to pick which policies bite, it’s important to see the carbon tax not in isolation but…

Crude oil and equivalent products production up 9.6%

Alberta (82.6%), Saskatchewan (10.3%) and Newfoundland and Labrador (4.7%) accounted for the vast majority of Canadian production

Crude oil and equivalent products production up 9.6%Canadian production of crude oil and equivalent products continued at a robust pace in August as production totalled 23.6 million cubic metres (148.6 million barrels), up 9.6 per cent compared with the same month in 2017, says Statistics Canada. And Alberta produced a record 19.5 million cubic metres of crude oil and equivalent products in…

Sundial Growers partners with U of S for cannabis research

Project to study the effectiveness of using cannabis as a treatment for dementia

Sundial Growers partners with U of S for cannabis researchAlberta-based cannabis producer Sundial Growers is partnering with the University of Saskatchewan to research the efficacy of cannabis as a treatment for dementia. Clinical studies will be undertaken as part of the research. “With today's (Tuesday) announcement and similar collaborations with the University of Calgary and Sundial's Mitacs research initiative, we are demonstrating our commitment to becoming…

A century later, UFA still providing farmers with supplies and leverage

CEO Carol Kitchen talks about how UFA is part of the fabric of rural Alberta, helping agriculture feed people around the world

A century later, UFA still providing farmers with supplies and leverageCarol Kitchen is president and CEO of UFA. Calgary’s Business: What’s the United Farmers of Alberta and what does it do? Kitchen: United Farmers of Alberta (UFA) is a member-owned co-operative. We’re a progressive and diversified business that provides the products, services and solutions our owners and customers in rural communities need to successfully run…

ATB Financial lends Westleaf Cannabis funds for SK facility

Company plans 115,000-square-foot cannabis cultivation facility near Battleford

ATB Financial lends Westleaf Cannabis funds for SK facilityWestleaf Cannabis is receiving a development loan of up to $24 million from ATB Financial to build its business. “As one of the first traditional lenders to enter the cannabis space, we’re proud of our long-term partnership with ATB as it has been instrumental in bringing our Westleaf vision to life,” said Taylor Ethans, chief…