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Edmonton News |
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3/18/2010
10:19am
A business watchdog group says Canada's oil and gas industry could see a surge in profits this year, driven partly by the rising price of crude oil.
The Conference Board of Canada says in a report that higher crude prices and stronger production will help the oil industry boost its pretax profits as much as 66 per cent higher than last year, reaching $8 billion.
The think-tank says that's still well below results from when the industry peaked in 2008 amid a big rise in energy prices. The report suggests that cost pressures will keep industry profits from returning to those peak levels until late 2014, when it's forecast that oil prices could go as high as $114 U.S.
In the meantime, the revenues of Canada's oil companies are expected to climb an average of more than 14 per cent each year for the next four years. (CHQR, ccg)
On the Net:
ConferenceBoard.ca: Canada’s Oil Extraction Industry: Industrial Outlook Winter 2010
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3/18/2010
9:00am
Funny how just one year can change your whole outlook on life.
But, that appears to be the case for Alberta businesses.
ATB Financial and the U of A School of Business do regular surveys. And, results show that businesses here are more optimistic than a few months ago and feeling much better than they were a year ago.
The improvement includes sectors such as manufacturing, and oil and gas. ATB's senior economist Todd Hirsch says the survey was done before the new energy royalty framework came out, so that optimism is likely even higher today.
The survey also shows pessimism in the construction sector. (bd, ccg)
On the Net:
Business.UAlberta.ca: Western Centre for Economic Research
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3/18/2010
7:45am
Hundreds of post-secondary students from across Alberta are expected to rally on the steps of the Legislature, Thursday afternoon.
They're upset with recent education funding cuts and subsequent tuition hikes.
Beverly Eastham, with the University of Alberta students' union, expects at least 100 or 200 students from across the province to take part.
"These are things that really do affect students," says Easthum, "and students are passionate enough about the changes that are being made that they are willing to take some time out of their day to come out with us for about an hour and show how these things affect them."
Eastham says students from the University of Lethbridge and University of Calgary have confirmed that they will attend.
The march starts at noon at the UofA student union building on campus. Students will then walk across High Level Bridge, before their rally at the Legislature which is expected to start around 12:45 p.m.(aw, bp, ccg)
On the Net:
SU.UAlberta.ca: Legislate This! Rally
AdvancedEducation.gov.ab.ca
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3/18/2010
7:35am
Police are pouring over surveillance video to see if they can identify suspects wanted after an attack at the Millwoods Transit Centre.
Police say, at about 4:00p.m. Wednesday, an 18-year-old was targetted by six men.
The victim ran towards the buses looking for help but was caught and beat up. He was treated for minor injuries in hospital, and released. (bp, rh, ccg)
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3/18/2010
7:05am
Around 250 people packed into Fulton Place Elementary (10310-56th Street) Wednesday night to meet with the Edmonton Public School Board.
It was the last of six public meetings as the board considers closing down five elementary schools and an elementary program.
If Fulton Place was to close, it would see the students moved to Hardisty Junior High School, just a few blocks away, which would cover grades K to 9 after about $800,000 dollars in renovations.
Dena Boyle, the Chairperson for Fulton Place School Council, says they tried to point out some of the problems with that idea.
"One of the major concerns is the possible congestion on the street near Hardisty School as there is only one street there for people to drop of children. And the safety of being on such a busy road as 106th Avenue. With $800,000 you can't build a parking lot for the safe drop off and pick up of children, you can't build a park for them to play in, and you can't relocate a daycare next door."
Boyle points out that Fulton Place has a fully loaded daycare sitting right next to it which has a two year waiting list with parents ...
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3/18/2010
6:29am
Bauer Hockey is launching a massive recall of about 100,000 kids' hockey sticks after Health Canada testing raised concerns about lead.
Thirteen models of sticks failed to meet the acceptable standard for lead content in the U.S. The allowable limit of lead is lower in the U.S. than Canada.
Company CEO Kevin Davis told the Toronto Sun the company is acting ``very quickly'' to deal with the issue to ensure it never happens again. The company has issued a global stop sale order on the 13 models and is telling parents of kids with the sticks to call 1-888-734-0443.
Bauer will take the stick back and give a free, elite level stick.
Davis says the company _ which makes around one million sticks a year _ first learned of the lead issue when Health Canada told Bauer in February that paint on a randomly selected stick had tested high. (Toronto Sun, lk, ccg)
On the Net:
CPSR-RSPC.hc-sc.gc.ca: Nike Bauer Junior Hockey Stick Recall Notice
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3/18/2010
6:01am
The federal government has unveiled a new North American Avalanche Danger Scale.
Environment Minister Jim Prentice says the five-level warning system will help backcountry users make better risk-decisions when entering avalanche terrain. It will be implemented starting next winter.
Parks Canada, the Canadian Avalanche Centre and American agencies such as the Colorado Avalanche Information Centre took part in establishing the new scale. It was announced just days after two Alberta men were killed and 31 people injured in a massive avalanche near Revelstoke, BC. (CHQR, ccg)
On the Net:
PC.gc.ca: Single North America Standard for Public Avalanche Warnings
Avalanche.ca
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3/18/2010
5:53am
Homicide detectives are currently investigating what could be Calgary's fifth homicide of 2010.
Police were called to a fight in the 900 block of 43rd Street south west, around 7:30pm Wednesday evening. When they arrived on the scene, they found a man deceased in Rosscarrock alley.
Duty Inspector Rob Williams couldn't confirm reports of a knife being involved, but says there were likely witnesses because it was in a residential area and it was still light out.
Williams says there's few details right now, but detectives should be releasing more information Thursday. (CHQR, ccg)
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3/18/2010
4:20am
It appears northern Alberta no longer has to get ready for a major dump of snow.
Environment Canada is ending their ''Snowfall Warning'' for:
high level - rainbow lake - fort vermilion & mackenzie hwy
According to the weather agency, the snowfall is tapering off in the High Level region and no significant accumulations are expected. (ccg)
On the Net:
WeatherOffice.gc.ca: Alberta Warnings
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3/18/2010
2:44am
Police in Calgary have issued a Canada-wide warrant for an 18-year-old man accused of spray-painting anti-Semitic graffiti on synagogues and a war memorial for Holocaust survivors.
The graffiti discovered in mid-November included swastikas and the words ``kill Jews'' and ``six million more.''
Police launched an extensive investigation and a warrant was issued after they consulted with the Crown prosecutor's office and the Alberta justice minister.
The suspect faces several mischief and hate-related charges.
The suspect cannot be named because the offences were committed when he was 17.
The Canadian Jewish Congress praised Calgary police for investigating the case.
C-E-O Bernie Farber says ``criminal acts motivated by hate impact not only individuals but target entire communities as well.''
(aw/cp)
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