Alberta News

EDMONTON — Political observers say the United Conservative leadership debate demonstrated that former Wildrose leader Danielle Smith is the pacesetter of a party defining itself not by what it stands for but by what it rails against.

CALGARY — MEG Energy Inc. reported a $225-million profit in its latest quarter as it completed on time and on budget the planned turnaround at its Christina Lake Phase 2B facility.

CALGARY — Cenovus Energy Inc. chief executive Alex Pourbaix said Thursday that inflation has been "manageable" for the energy company so far, but is something he is certainly keeping an eye on.

CALGARY — Calfrac Well Services Ltd. reported a lower loss in its most recent quarter as its revenues climbed amid improved pricing and increased activity. The oilfield services company says it lost $6.

CALGARY — Canadian Pacific Railway Ltd. reported a lower profit despite higher revenue in its latest quarter. The Calgary-based railway reported a net income of $765 million in its second quarter, down from $1.25 billion in the same period last year.

CALGARY — TC Energy Corp. posted a lower quarterly profit as its Coastal GasLink project reaches a "significant milestone.

MEDICINE HAT, ALBERTA, CANADA — Two of Alberta’s pacesetters in the United Conservative leadership race squared off over a provincial sales tax Wednesday night in the first party debate.

LAC STE. ANNE, Alta. — Pope Francis spoke in three First Nations languages at a sacred pilgrimage site hours after his public mass in Edmonton was called a missed opportunity for not including Indigenous culture or traditions.

CALGARY — Precision Drilling Corp. says it had a net loss of $24.6 million for the second quarter, down from a net loss of $75.9 million in the same quarter last year. The net loss for the quarter ending June 30 worked out to $1.

CADOTTE LAKE, Alta. — Mounties in northern Alberta say a shelter in place order has been lifted after a shooting.