Alberta News

CALGARY — Paramount Resources Ltd. raised its dividend by 20 per cent as it reported a first-quarter profit of $68.1 million. The oil and gas producer says it will now pay a monthly dividend of 15 cents per share, up from 12.5 cents per share.

EDMONTON — The Edmonton Oilers and Los Angeles Kings played a tight-checking series at even strength. But the special teams matchup was lopsided — and that’s why it ended in five games.

EDMONTON — Leon Draisaitl scored twice, and the Edmonton Oilers defeated the Los Angeles Kings 4-3 Wednesday to win their first-round NHL playoff series in five games.

EDMONTON — The Alberta government is reversing its plan to axe a subsidy program that helps low-income people pay for transit passes.

CALGARY — Fuel retailer Parkland Corp. says it posted a net loss of $5 million in its first quarter as its financial results took a hit due to an unplanned shutdown at its Burnaby refinery.

Edmonton-based Capital Power Corp. says it is no longer pursuing its proposed $2.4-billion carbon capture and storage project at its Genesee natural gas-fired power plant.

EDMONTON — Zach Hyman is extending the invitation. If basketball legend Shaquille O’Neal needs to learn how to skate — for real this time — Hyman will hit the ice with him.

CALGARY — Canada's energy sector as well as the country's main oil-producing province celebrated Wednesday as the long-awaited $34-billion Trans Mountain pipeline expansion officially came online. Crown corporation Trans Mountain Corp.

CALGARY — The Calgary Real Estate Board says April home sales were up 7.3 per cent from last year, driven by growth in the number of relatively more affordable, higher-density properties changing hands.

CALGARY — Cenovus Energy Inc. executives warn it could be well into next year before oil companies resolve their ongoing dispute with Trans Mountain Corp. over rising pipeline shipping fees.