Week of May 11 – May 15, 2015
- Rogers Media has cut 110 positions from its conventional television operations across Canada. Shows in Edmonton are affected, as are operations in Calgary.
- Trinidad Drilling, an international drilling services company based in Alberta, recently reported a 53% decline in first-quarter 2015 earnings compared to the same period in 2014. The company anticipates a continued slowdown through 2015.
- Lowe’s Canada is picking up 13 former Target store leases across Canada, including two locations in Calgary. The company stated that approximately 2,000 jobs in total would be created through the acquisition.
- Brewster Travel Canada is introducing a new sightseeing bus tour between Edmonton and Jasper starting May 31, 2015. The service is aimed mainly at European and U.S. visitors, but could also appeal to locals who don’t want to drive.
- Telus is hiring staff and committing $11M for infrastructure and service improvements in Lloydminster. The projects will update the wireless network to 4G LTE and increase Internet speeds.
- The Town of High Prairie has awarded two contracts for road construction and waterline upgrades with a total value of approximately $1.8M. Timelines for the projects were not provided.
- Trican Well Service cut 2,000 employees from its North American operations in the first quarter of 2015, due to depressed oil prices. The company is also in negotiations to sell some of its international operations in a move to reduce costs.
- The Town of Ponoka and Ponoka County are set to negotiate a new fire services agreement following plans to terminate the current contract which has existed since 1979. The actions follow concerns from senior fire department officials with the town.
- The Town of Rimbey has transferred administrative duties for its fire department to Ponoka County. The county will take on ownership and administration but the firefighter duties remain unchanged.
- Total Energy has reported a 70% reduction in drilling activity for the first quarter of 2015 compared to the same period in 2014. The company also reported significant reductions in other divisions, due to declining crude oil prices.
- The City of Spruce Grove is working towards a bylaw amendment that would allow food trucks to operate within five districts of the city. A recent municipal survey of residents and businesses found majority support for food trucks.
- RBC Dominion Securities has announced that it will be a major tenant of Edmonton Tower in the downtown Arena district. The building is scheduled to open in 2016, with RBC occupying space by 2018.
- Athabasca Minerals has announced its intention to purchase a private rail transloading facility near Obed. The company plans to use the site for aggregate processing and loading, as well as for the storage and distribution of fracturing sand.
- Lantic Inc., a sugar beet processor in Taber, has announced a four-year agreement with the Alberta Sugar Beet Growers Association. The new agreement provides stability for the plant, its employees and the local community.