The Canadian Association of Petroleum Producers (CAPP) is forecasting a 14 per cent increase in upstream natural gas and oil investment in 2021. Capital spending in the sector is expected to be around $3.36 billion higher this year, reaching $27.3 billion, compared to an estimated total investment of $24 billion in 2020. The planned investment […]
A new report has the province’s mining sector grinning. The “Mining Journal Intelligence World Risk Report” places Saskatchewan as one of the top jurisdictions in an “opportunity index”. The index is a combination of perceived mineral potential and investment risk. With respect to overall investment, Saskatchewan was one of only two jurisdictions that achieved the […]
Saskatchewan Chamber of Commerce CEO Steve McLellan believes “resilience” was the key word for 2020. McLellan said businesses faced the unknown challenges that were presented during the lockdown in the spring. He added that those same businesses and companies became resilient regarding operations during a pandemic. “Many businesses pivoted quickly and did great things, and […]
Canadians still holding on to old paper money have until midnight tonight to spend it, as stores will stop accepting certain denominations after the new year. Some bank notes made between 1935 and 1986 will lose the government’s legal tender status at midnight. The Bank of Canada’s website says the affected notes can still be […]
The provincial government’s restrictions on capacity at retail stores came into effect Christmas Day, but they shouldn’t be too much of a problem for at least one Regina-based retailer. The restrictions include a 25% capacity limit for large retail locations over 20,000 square feet, with small stores allowing 50% capacity. Jasmine Gemmell is the owner […]
With casinos having to close their doors effective Saturday under new public health orders issued this week, it means major layoffs are happening at both Casino Regina and Casino Moose Jaw. The Saskatchewan Gaming Corporation says 327 people (238 unionized and 89 non-union) at the two establishments are being laid off as of Monday. These […]
The Federation of Sovereign Indigenous Nations isn’t happy with the fact that Saskatchewan Indian Gaming Authority run casinos around the province have to shut down on Saturday. The organization says it is imperative First Nations are consulted by the province prior to implementation of public health orders that affect their communities or business. FSIN Chief […]
Calgary-based Whitecap Resources Inc. is cementing its position as a consolidator of conventional oil and gas producers in Western Canada with a friendly $550-million all-stock deal to buy rival TORC Oil & Gas Ltd. “This strong-on-strong combination will create one of the largest pure-play Canadian conventional light oil producers and the ninth largest publicly traded […]
Crescent Point Energy Corp. says it is cutting its capital spending budget for 2021 because of the ongoing volatility in oil prices. The Calgary-based company says it plans to spend between $475 million and $525 million next year, trimming $25 million from a preliminary budget it released with its third-quarter results report in late October. […]
The Saskatchewan Party can cross one of its election promises off the list. As stated during the election campaign, the government is providing all SaskPower customers a 10 percent rebate on their bill for the next 12 months. The rebate will apply to the “electrical charges” section of customers’ bills, which includes the basic monthly […]
