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Business & Economy

ENERGY
Pathways seeking bids for part of its proposed carbon capture network: Imperial
The Pathways Alliance group of oilsands companies has issued a request for proposals to pipe manufacturers for the massive carbon capture and storage network it wants to build in northern Alberta.The CEO of Imperial Oil Ltd., one of the six oilsands majors behind the proposed $16.5-billion project, provided the update ...
9h ago
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ENERGY
Medicine Hat gas rate lower than a year ago, electricity holds steady
The cost of natural gas in Medicine Hat is 40 per cent lower than a year ago and residential electricity continues to bounce off the lowest allowed price in the city's November utility rates released Friday.The default rate for natural gas, as is tradition, has jumped amid colder weather to $1.864 per gigajoule, up fro...
11h ago
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IN THE COMMUNITY
Culinary festival promoting locally-sourced food expands beyond Medicine Hat
An annual festival to encourage sourcing food locally has expanded beyond the borders of Medicine Hat to include participants from across southern Alberta for its 11th year. -Savour the Southeast aims to celebrate local restaurants, cafes, breweries, products and producers that will each offer at least one locally-sour...
14h ago
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BUSINESS
Looming Canada Post labour disruption could impact Medicine Hat businesses
A looming labour disruption for Canada Post could have an impact on Medicine Hat businesses - at least for those that still use the service.Canada Post and its union have been negotiating a new contract since November 2023 and, without some agreement at the bargaining table, job action could launch as early as Sunday.T...
Oct 31, 2024
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Business & Economy

ENERGY
Medicine Hat director says solar project is a 'no regret' strategic investment
Medicine Hat's managing director of energy, land and environment Rochelle Pancoast says the Saamis Solar project is an example of a "no regret" strategic investment the city can build at a reasonable pace if it acquires the rights to purchase it.Pancoast during a council budget meeting Wednesday reiterated th...
Oct 31, 2024
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energy
Helium company launches new project near Medicine Hat
A U.S.-based company focused on exploring, developing and producing untapped energy assets says it has successfully launched a new helium project near Medicine Hat. Weil Group Resources revealed this week it has kicked off its new modular helium purification facility, an innovation the group said represents the latest ...
Oct 30, 2024
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ECONOMY
Medicine Hat College instructor expects more rate cuts by Bank of Canada
A Medicine Hat College business instructor says the Bank of Canada's Wednesday rate cut is due to a weaker economy.-The Bank of Canada made an interest rate cut of a half a percentage point to bring it's rate to 3.75 per cent.This is the fourth cut to it's key lending rate since June, with the previous cuts being a qua...
Oct 24, 2024
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Medicine Hat's Women in Business Expo happening Saturday
The third annual Women in Business Expo, a market event that aims to highlight Medicine Hat's women-led businesses, will feature over 60 vendors across a diverse set of genres, organizers say. Real estate, financial services, homegrown goods, medical services, fashion, interior design, skincare, trades and other catego...
Oct 24, 2024
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Banks lower prime rates to 5.95% after Bank of Canada move
Canadian financial institutions say they are lowering their prime lending rates to match the decrease announced by the Bank of Canada. The central bank lowered its key interest rate by half a percentage point Wednesday to 3.75 per cent. All of the Big Six banks including RBC, TD, BMO, Scotiabank, CIBC and National Bank...
Oct 23, 2024
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WestJet changes course on new Medicine Hat flight times after feedback
WestJet revealed Tuesday it will change its daily Medicine Hat-Calgary arrival and departure times once again after feedback from business, political and community leaders.The WestJet Encore flight will depart Medicine Hat Regional Airport at 7:30 a.m. and touch down at Calgary International Airport at 8:16 a.m.Later i...
Oct 23, 2024
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THINGS TO KNOW
Three topics covered at Medicine Hat leadership breakfast
Mayors, reeves and a base commander gave introductory speeches and answered questions from an audience of Medicine Hat and area business leaders early on Tuesday morning. They were speaking at the 2024 Leadership Breakfast put on by the Southeast Alberta Chamber of Commerce at Chinook Village.Premier Danielle Smith, Cy...
Oct 22, 2024
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WestJet changes course on new Medicine Hat flight times after feedback
WestJet revealed Tuesday it will change its daily Medicine Hat-Calgary arrival and departure times once again after feedback from business, political and community leaders.The WestJet Encore flight will depart Medicine Hat Regional Airport at 7:30 a.m. and touch down at Calgary International Airport at 8:16 a.m.Later i...
Oct 22, 2024
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City of Medicine Hat sells land to Hut 8 Mining Corp. for $600K
Medicine Hat city council has approved the sale of two plots of land to cryptocurrency firm Hut 8 Mining Corp. for a total of $600,000.Hut 8 has been leasing the land from the city since it was launched in 2018, starting with one 10.96-acre site.At the time, typical off‐site levies were deferred with the development ...
Oct 11, 2024
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Fill seats to increase WestJet frequency to Medicine Hat, airport chief says
Medicine Hat's airport manager says people need to fill up the flights out of Medicine Hat Regional Airport so WestJet's service can expand from one daily departure and arrival. "We do need to put those bums in seats," Logan Boyd, the manager, said Wednesday after WestJet held a roundtable with members of the...
Oct 03, 2024
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TC Energy says sale of minority stake in pipeline to Indigenous groups is delayed
A deal that was billed as Canada's largest-ever Indigenous equity ownership agreement has hit a snag. TC Energy Corp. said Tuesday the $1-billion agreement, announced in July, that would see it sell a minority stake in its Western Canadian natural gas transmission network to a consortium of Indigenous communities has b...
Sep 10, 2024
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Methanex buying OCI Global's international methanol business in US$2.05B deal
Methanex Corp. has signed a deal to buy OCI Global's international methanol business in an agreement valued at US$2.05 billion, including assumed debt.The deal includes OCI's interest in two methanol facilities in Beaumont, Texas, one of which also produces ammonia. It also includes a low-carbon methanol production and...
Sep 09, 2024
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Medicine Hat faces uphill battle in clean energy transition but 'sky is not falling', director says
Medicine Hat's gas and electricity revenues are headed towards a decade-long decline but the city's energy director insisted Thursday the "sky is not falling" as there's room to prepare for a looming transition away from non-renewables.In a presentation of the city's business strategy in the face of a nationa...
Sep 06, 2024
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Circle K owner 'confident' it can close on bid for 7-Eleven owner
Alimentation Couche-Tard Inc.'s incoming CEO says the company is convinced it can close on a blockbuster bid to take over 7-Eleven-owner Seven & i Holdings Co. Ltd. Alex Miller, who is set to replace outgoing CEO Brian Hannasch on Friday, said he is confident in the company's ability to finance and complete the pro...
Sep 05, 2024
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Medicine Hat city council delays approval of new off-site levy
Medicine Hat city council has pushed back approving a new off-site levy policy until December to give time for broader community consultation after overwhelming pressure from business leaders during a council meeting Tuesday evening. Executives of the Southeast Alberta Chamber of Commerce cited delays in consultations,...
Sep 04, 2024
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Medicine Hat to consider nearly $2M to support Tigers 2026 cup bid
Medicine Hat city council on Tuesday will consider helping out the Tigers with nearly $2 million should the WHL hockey team win an intended bid to host the Memorial Cup. Leadership is proposing council approve $1.25 million in cash and $655,000 through "in kind" services - a standard ask for host cities.The T...
Sep 03, 2024
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Medicine Hat business wants in on city's solar efforts, MHURA skeptical of farm buy
Medicine Hat-based Terralta wants to get more involved with the city's solar efforts as the municipality moves to diversify its power resources amid increased carbon levies and an expected energy transition.Carter James, who works for Terralta's sales and business development team, said Medicine Hat should keep local c...
Aug 30, 2024
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Medicine Hat seeks approval to buy major solar park project planned for city's north end
The City of Medicine Hat revealed on Tuesday its intent to purchase a large solar park project that, if successful, will mark a major step by the municipality to diversify its taxpayer-owned electricity generation business and prepare for a future of increased fossil fuel levies.Rochelle Pancoast, the city's managing d...
Aug 27, 2024
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Canada slams China with 100% tariff on electric vehicles, 25% for some metals
The federal government is imposing tariffs on Chinese-made electric vehicles as well as aluminum and steel from China in an effort to protect domestic manufacturing. Prime Minister Justin Trudeau announced in Halifax on Monday that Canada will impose a 100-per-cent tariff on electric vehicles, along with 25 per cent ta...
Aug 26, 2024
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National rail shutdown begins as employees locked out at both major Canadian railways
In a first for Canada, freight traffic on its two largest railways on simultaneously ground to a halt overnight, threatening to upend supply chains trying to move forward from pandemic-related disruptions and a port strike last year.In the culmination of months of increasingly bitter negotiations, Canadian National Rai...
Aug 22, 2024
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Mexican Hat restaurant staying open after refusing purchase offer, it says
The Mexican Hat restaurant is staying open and in the hands of its original owners after refusing a buy out offer, according to a new post to social media. "We need to set the record straight: a few weeks ago there was an offer from a local business looking to take over our restaurant and we considered this could ...
Aug 21, 2024
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Shipping by truck not realistic for a pair of Medicine Hat businesses if railway shuts down
A phased shutdown of the networks at Canadian Pacific Kansas City and Canadian National Railway is already underway as the clock ticks down on labour negotiations, putting a pair of Medicine Hat businesses in a pinch with trucking not a realistic option. Methanex said in a statement Tuesday it's been working on ways to...
Aug 20, 2024
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Ripple effect expected in Medicine Hat as railway labour dispute draws close to strike
A railway labour dispute is already having a ripple effect across Canada and in Medicine Hat, according to industry leaders.The union representing thousands of workers at Canadian Pacific Kansas City said it has served a 72 hour strike notice to the railway.The Teamsters Canada Rail Conference said it unless the partie...
Aug 20, 2024
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City of Medicine Hat prepared despite energy revenue drop, official says
A continued drop in Medicine Hat's utility rates this summer means the city's energy business will pull in less revenue than forecasted in 2024, a reality an official says city hall is prepared for.While natural gas rates are typically lower in the summer when homes do not require as much heating, electricity prices on...
Aug 09, 2024
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