Calgary

city in Alberta, Canada

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Events

01.07.2024Labour Party wins the general election

01.07.2024Labour Party wins the general election

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business 2025-06-11 10:44
OPEC predicts 24% rise in oil demand by 2050
  • OPEC projects a 24 percent increase in global oil demand by 2050 due to population growth.
  • Brent crude prices are expected to fall to $60 per barrel by the end of 2025.
  • These factors suggest a continuing reliance on oil despite discussions on energy transition.
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business 2025-05-27 10:12
Marty Scase takes charge as executive chairman at Volt Lithium
  • Marty Scase has been appointed as the Executive Chairman of Volt Lithium Corp.
  • The company plans to change its name to LibertyStream Infrastructure Partners Inc.
  • This shift reflects Volt's strategy to engage with the U.S. oil and gas sector amid increasing demands for domestic mineral resources.
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business 2025-05-27 03:10
Waskahigan Oil & Gas Corp plans critical meeting to discuss major shareholder decisions
  • Waskahigan Oil & Gas Corp will hold a meeting on June 4, 2025, to discuss crucial shareholder matters.
  • The company is seeking shareholder approval for its restructuring plans which include a spin-off of subsidiaries and possible privatization.
  • The outcomes of this meeting could significantly impact shareholders' investments and the operational direction of Waskahigan.
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business 2025-05-16 11:49
Benevity launches platform to revolutionize corporate social responsibility efforts
  • Benevity Inc. launches its Enterprise Impact Platform to streamline CSR and social impact programs.
  • The platform integrates multiple functions such as giving and volunteering to enhance program visibility.
  • This initiative reflects a major shift in corporate strategies towards social responsibility and measurable impact.
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business 2025-05-08 23:04
Journey Energy Inc. reports $19.6 million in adjusted funds flow
  • Journey Energy Inc. reported sales volumes of 10,997 boe/d in Q1 2025, with a diverse product mix.
  • Despite a decrease in sales volumes compared to the previous year, the company achieved an adjusted funds flow of $19.6 million, reflecting improved average commodity prices.
  • The financial results suggest Journey Energy Inc. is well-positioned for growth, particularly in the sustainable energy sector.
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business 2025-05-08 22:01
Greenfire Resources announces successful annual meeting results
  • Greenfire Resources held its annual meeting of shareholders with over 80% of shares voted.
  • All nominees for the Board of Directors were successfully elected and new committee appointments were made.
  • The company is poised for growth in the oil sands sector following strong shareholder approval.
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business 2025-03-21 22:59
Concerned shareholders challenge Blacksteel Energy asset sale plans
  • A group of shareholders, the Concerned Shareholders, seeks to call a meeting to reconstitute Blacksteel Energy's Board.
  • They oppose the proposed sale of the Girouxville oil and gas assets, believing it threatens the value of shares.
  • The shareholders' action aims to ensure that decisions benefit all stakeholders, particularly current shareholders.
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business 2024-12-16 17:00
John Tilson leaves NXT Energy Solutions board amid uncertainty
  • John Tilson has concluded his tenure on the Board of Directors of NXT Energy Solutions as of December 16, 2024.
  • Jeffrey S. Tilson, son of John Tilson, has been appointed to the board, bringing extensive experience in finance and investment.
  • The company anticipates benefiting from both the informal guidance of John and the expertise of Jeffrey as they navigate future challenges.
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business 2024-12-16 07:00
Canadian Premium Sand Inc. successfully completes critical financing initiatives
  • Canadian Premium Sand Inc. announced completion of two financing initiatives totaling over $3 million.
  • The maturity date of convertible debentures has been extended by one year, indicating strong investor support.
  • The company aims to finalize financial backing and secure a lead investor for its solar glass projects.
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Touchstone Exploration unveils shocking preliminary guidance for 2025
business 2024-12-13 13:07
Touchstone Exploration unveils shocking preliminary guidance for 2025
  • Xcoub has closed a $7 million Series A funding round to enhance its DeFi staking platform.
  • The funding will be used to expand its global reach and feature sets for users.
  • This investment underscores the confidence in Xcoub's potential to innovate in the DeFi ecosystem.
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Calgary reverts fluoride decision as public demands change
politics 2024-12-13 00:00
Calgary reverts fluoride decision as public demands change
  • In 2011, Calgary City Council voted to remove fluoride from the water supply after resident concerns.
  • Public opinion shifted over the years, leading to support for reinstating fluoride due to its dental health benefits.
  • The Calgary City Council decided to incorporate fluoride back into the water supply following the 2021 budget approval.
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business 2024-12-12 17:01
Cardinal Energy increases credit facility, but what does it mean for investors?
  • Cardinal Energy Ltd. has restructured its financial agreements, successfully increasing its credit facilities to $275 million.
  • The raised facilities, supported by new lender Trafigura, are aimed at boosting liquidity for ongoing capital projects.
  • This financial maneuver is expected to enhance the company's operational sustainability and output in the near future.
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environment 2024-12-12 15:00
Alberta Energy Regulator exposes shocking water use in the energy industry
  • The 2023 report reveals that the energy sector used only 22% of its water allocation.
  • A significant 82% of the water used was recycled, indicating a major shift towards sustainability.
  • The report shows notable improvements in the industry’s water use intensity, with a 19% reduction since 2013.
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Alberta dominates Canada’s honey industry, but at what cost?
environment 2024-12-12 00:00
Alberta dominates Canada’s honey industry, but at what cost?
  • Calgary is Alberta's largest city and has been designated a 'Bee City' due to community initiatives supporting local beekeeping.
  • Prominent businesses like Burwood Distillery and The Dorian Hotel integrate honey and beekeeping into their offerings, fostering local food connections.
  • The growth of beekeeping in Calgary signifies the importance of bees to local agriculture and the overall food culture in Alberta.
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business 2024-12-10 18:46
Decibel cannabis company shareholders approve controversial new stock option plan
  • Decibel Cannabis Company conducted its annual and special meeting of shareholders on December 10, 2024.
  • Shareholders approved a new 10% rolling stock option plan, replacing the previous plan.
  • This decision strengthens Decibel's governance and aims to enhance its competitive position in the cannabis market.
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Calgary museum reopens after abandoning brutalist style for a brighter future
society 2024-12-10 12:00
Calgary museum reopens after abandoning brutalist style for a brighter future
  • The Glenbow Museum is undergoing a $205-million renovation scheduled for completion in 2026.
  • Architect DIALOG is leading the redesign to create a more inviting atmosphere and improve accessibility.
  • The renovation includes innovative architectural features like natural light integration and a new rooftop terrace.
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business 2024-12-05 17:00
Headwater Exploration Inc. raises dividends in a surprising move for 2025
  • Headwater Exploration Inc. announced a 10% increase to its quarterly dividend, which is set to take effect in 2025.
  • The company plans for a $225 million capital expenditure budget for 2025, aimed at enhancing production and exploration.
  • This increased dividend signal reflects Headwater's strong operational performance and commitment to shareholder value.
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business 2024-12-05 15:03
Alberta Energy Regulator reveals shocking findings in 2023 liability report
  • In 2023, over $1 billion was spent on closure work in Alberta's oil and gas industry.
  • A 5% decrease in inactive wells was reported, falling from 83,000 to 79,000.
  • The AER's report indicates continued effort will be essential to manage oil and gas liabilities effectively.
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business 2024-12-05 09:05
Ceffu's support for EOS mainnet shakes up the crypto custody landscape
  • The EOS Network Foundation partners with Ceffu to enhance custody solutions for EOS assets.
  • Ceffu's technology allows institutions to securely manage EOS holdings and leverage CeDeFi strategies.
  • This integration is expected to strengthen EOS's appeal to institutional investors and showcase its growth in the crypto economy.
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Former Calgary police officer wanted for breach of trust sparks outrage
society 2024-12-05 00:32
Former Calgary police officer wanted for breach of trust sparks outrage
  • A former Calgary police officer is wanted on a Canada-wide warrant for misconduct involving personal relationships with women met through police-related matters.
  • The officer has been charged with breach of trust and misuse of a computer system following a lengthy 16-month investigation.
  • Chief Constable Mark Neufeld stated that the Calgary Police Service has zero tolerance for such behavior and aims to protect public trust.
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business 2024-12-04 12:08
TransAlta completes controversial acquisition of Heartland Generation and Alberta Power
  • TransAlta has successfully acquired Heartland Generation Ltd. and Alberta Power (2000) Ltd. for $542 million, adjusted to $215 million.
  • The acquisition includes divesting specific assets to meet regulatory requirements set by the federal Competition Bureau.
  • This move enhances TransAlta's position in the power generation sector while aligning with its sustainability goals.
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Northern Super League prepares for its highly anticipated launch in April
sport 2024-12-04 01:19
Northern Super League prepares for its highly anticipated launch in April
  • Team owners, presidents, and sporting directors of the Northern Super League met in Toronto to prepare for the league's launch.
  • The meetings focused on finalizing competition rules, safe-sport initiatives, and reviewing the 2025 business plan.
  • This gathering signifies a significant step towards the establishment and growth of women's professional soccer in Canada.
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Tragic loss: man dies helping stranded driver in Calgary
society 2024-11-30 19:10
Tragic loss: man dies helping stranded driver in Calgary
  • A man named Khalid Farroq died on November 27 after helping a stranded driver on Crowchild Trail.
  • Farroq, who was a devoted family man, was accompanied by his 10-year-old son at the time of the incident.
  • The tragic events have prompted an outpouring of support for his family and renewed discussions about road safety.
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business 2024-11-29 21:40
High Arctic Overseas sees significant turnaround with net income in 2024
  • High Arctic Overseas Holdings Corp. released financial results for Q3 2024 following its separation from High Arctic Energy Services Inc. in August 2024.
  • The corporation reported a 30% revenue decline year-over-year, with revenues totaling $21,654 for the first nine months of 2024.
  • Despite the downturn in revenue, the company achieved a net income of $1,051, marking a turnaround from the previous year's losses.
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technology 2024-11-29 21:00
Katipult Technology faces challenges with revenue decline amid corporate updates
  • Katipult Technology Corp. reported a 68.3% decrease in subscription revenue for Q3 2024 compared to the prior year.
  • The company incurred a widened adjusted EBITDA loss of $477,000 for the same period.
  • The financial performance is attributed to a one-time adjustment from a change in an enterprise client's subscription terms.
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business 2024-11-29 16:10
Legacy Lithium announces significant share consolidation for investors
  • The consolidation reduces the number of outstanding shares from 12,875,453 to 2,575,092.
  • Shareholders will not receive fractional shares and will either be rounded up or down.
  • This strategic move aims to enhance shareholder value and streamline the capital structure.
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business 2024-11-29 07:01
Aurwest reports significant net loss in financial results
  • Aurwest Resources Corporation reported a net loss of $62,752 for the first quarter of 2024.
  • The company agreed to sell its Stars Property to Interra Copper Corp for approximately $1.1 million.
  • The upcoming shareholder meeting on December 10, 2024, will address the approval of the asset sale.
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Exro Technologies faces lawsuit after significant loss post-merger
business 2024-11-28 23:43
Exro Technologies faces lawsuit after significant loss post-merger
  • Exro Technologies Inc. is facing a shareholder lawsuit claiming misrepresentation of revenue prospects after a $332-million acquisition of SEA Electric.
  • The lawsuit highlights concerns regarding the legitimacy of Exro's order book and its current financial difficulties, including a substantial net loss.
  • The legal and financial challenges underscore broader uncertainties within the electric vehicle technology sector.
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business 2024-11-28 19:59
Prospera Energy reports significant losses amid increased production and revenue
  • Prospera Energy Inc. reported Q3 2024 financial results, showing increased production and revenue.
  • Despite higher revenues, the company posted a substantial loss owing to increased operating costs and lower sales prices.
  • The company indicates ongoing efforts for expansion and improving financial performance in a challenging market.
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business 2024-11-28 19:12
Fiddlehead Resources Corp. faces significant net loss amid acquisition and market changes
  • Fiddlehead Resources Corp. reported its financial results for Q3 2024, highlighting key developments including an acquisition and financing.
  • During the third quarter, the company encountered various expenses leading to a net loss of approximately $1.6 million.
  • The company remains optimistic about achieving higher commodity prices and improved operational performance in the upcoming months.
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business 2024-11-28 16:20
CanadaBis Capital reports positive income amid expansion challenges
  • CanadaBis Capital reported a positive net income of $600,285 for the year ending on July 31, 2024.
  • The company faced increased costs due to operational expansions and new product launches.
  • Strategic initiatives and product innovation have positioned CanadaBis for continued growth in the market.
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business 2024-11-28 08:30
Postal strike delays delivery of shareholder meeting materials in Canada
  • Waskahigan Oil & Gas Corp will hold a meeting on December 12, 2024, for its shareholders.
  • A postal strike has prevented the company from delivering management solicitation materials as required.
  • The company is utilizing electronic means to ensure shareholders receive essential information in light of these disruptions.
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