COUNCIL/DIVIDED: Follow news and updates regarding sanctions on Mayor Clark.
Bitcoin miner credits Medicine Hat start for new international success
MEDICINE HAT, AB - A Bitcoin mining company that got its start with operations in Medicine Hat and Drumheller is taking on the continent.Hut 8 merged with American miner U.S. Bitcoin Corporation on Monday, expanding its Canadian operations across the border.The deal is the largest merger and acquisition transaction tha...
Dec 06, 2023
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Telus announces 6,000-person layoff after Q2 saw 61% drop in net income
VANCOUVER - Telus Corp. says it is cutting 6,000 jobs.The Vancouver-based telecommunications company says the cut includes 4,000 workers at its main Telus business and another 2,000 at Telus International.The company also says it will offer early retirement and voluntary departure packages.Financial markets data firm R...
Aug 04, 2023
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Deal requires shareholder and regulatory approval
Crypto company Hut 8 Mining signs deal to merge with US Bitcoin
TORONTO - Canadian cryptocurrency company Hut 8 Mining Corp. says it has signed a deal to merge with U.S. Data Mining Group Inc., the company behind US Bitcoin Corp.Under the agreement, the combined company will be named Hut 8 Corp. and will be an U.S.-domiciled company.The deal will see shareholders of Hut 8 receive 0...
Feb 07, 2023
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Local cryptocurrency mining facility unaffected by bankruptcy of major crypto exchange
MEDICINE HAT, AB - A prominent cryptocurrency firm filed for bankruptcy over the weekend. Trading firm FTX, formerly one of the world's largest exchanges, filed for bankruptcy protection on Friday, causing the price for bitcoin and other digital currencies to fall. Several big backers, like the NBA's Miami Heat and Mer...
Nov 15, 2022
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Liberals say Line 5 is 'non-negotiable'
OTTAWA, ONT -- Canada's natural resources minister says the continuing operation of the Line 5 oil pipeline is "non-negotiable."Jonathan Wilkinson threw the government's support behind the Enbridge project as Opposition M-Ps in the Commons seized on media reports that the controversial cross-border pipeline i...
May 07, 2022
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Rogers, Shaw vow to fight competition commissioner's effort to block merger
TORONTO, ONT -- The proposed $26-billion merger between two of Canada's telecom titans has hit a new regulatory hurdle after the Commissioner of Competition has indicated it intends to block the deal. Rogers Communications Inc. and Shaw Communications Inc. issued a joint statement late on Friday evening indicating they...
May 07, 2022
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Calling on feds to help level the playing field between Canadian media and big tech
OTTAWA - The Public Policy Forum says ``urgent'' action is needed from the Canadian government to level the playing field between news media and tech giants such as Meta and Google amid broad revenue declines in the media industry. In a new report titled ``The Shattered Mirror; 5 Years On,'' the organization emphasizes...
Mar 04, 2022
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Fertilizer stocks soar over Ukraine worries
SASKATOON - Shares in Canadian fertilizer giant Nutrien Ltd. have been soaring amid market worries that the war in Ukraine could exacerbate a global supply shortage.The Saskatoon-based company is the largest fertilizer producer in the world. Its shares were trading at $108.47 on the Toronto Stock Exchange Tuesday morni...
Mar 01, 2022
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Aurora Cannabis to close Edmonton facility, won't say how many workers impacted
EDMONTON - Aurora Cannabis Inc. is closing one of its Alberta facilities as it strives to streamline its operations.The cannabis company says its Aurora Polaris property in Edmonton will be shut down as part of a plan to create a leaner and more agile firm.Aurora Polaris' medical distribution operations will move to th...
Sep 22, 2021
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Lethbridge-Medicine Hat sees Alberta's lowest unemployment rate in August at 4.9 per cent
LETHBRIDGE, AB - As Alberta continues to grapple with surging COVID-19 case numbers, the latest job numbers show the Lethbridge-Medicine Hat region has its fair share of workers.The latest unemployment statistics have been released, with the Lethbridge-Medicine Hat economic region at 4.9 per cent in August. That's the ...
Sep 10, 2021
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