With the deal for Myokardia, Bristol Myers will get access to mavacamten, a drug candidate for a chronic heart disease that affects up to 200,000 people across the United States and Europe. woman seeks to find owners of vintage photos of Calgary family, Cenovus to buy Husky Energy for $3.8 billion in shares, CEO will be Alex Pourbaix. Once complete, the Keystone XL project is expected to transport up to 830,000 barrels per day of oil from Alberta to Nebraska. Wilks Brothers, led by oil billionaires Dan and Farris Wilks, has been acquiring stakes in hard-hit services firms in the United States and has been trying to buy Calfrac’s U.S. business since July. CTVNewsCalgary.ca Senior Digital Producer/Digital Lead, TC Energy confirmed Tuesday that 'staffing changes' have been made in its Canada Gas Operations & Projects team (file). READ MORE: TC Energy enlists Alberta to help finish US$8 billion Keystone XL project. By ticking this box I agree to receive the chosen newsletter(s), including promotional, programming, marketing and other survey emails. “Our Canada gas operations and projects team is implementing a new structure to ensure the optimal skill sets to navigate the next tranche of our expansion and operations,” the company’s statement reads. At a news conference on Tuesday afternoon, Opposition Economic Development Critic Deron Bilous blamed the Alberta government for what he called an insufficient response to the province’s ailing economy and for presiding over mounting job losses. TC PipeLines common shareholders will receive 0.650 common shares of TC Energy, representing a value of US$27.31 per share, a premium of 5.4-per-cent to TC PipeLines' Friday close. Canadians Interested in investing and looking at opportunity in the market besides being a potato … © 2020 Global News, a division of Corus Entertainment Inc. “Our understanding is this is deals with the NGTL system… Just last week, the company announced its president and CEO Russ Girling will retire at the end of the year and give up his seat on the board of directors. mike.bendixen@newstalk1010.com, Looking to advertise with us? Full Disclaimer, A roundup of some of the North American equities making moves in both directions today. Heroux-Devtek Inc. (HRX-T) increased after saying it has won a multi-year contract with the Boeing Company to manufacture new actuation components for several types of commercial aircraft. This isn’t a good sign for Alberta.”. See also: Calfrac rejects Wilks Brothers' takeover, sweetens recapitalization bid. TC Energy builds and operates safe and reliable energy infrastructure. Cookies help us deliver our Services. “TC Energy continually reviews our organizational structure and processes to ensure we continue to deliver safe and reliable services while meeting the needs of our customers.”, A spokesperson for Alberta’s energy minister told Global News that the changes being implemented by the company “are not related to the Keystone XL project.”, READ MORE: TC Energy inks deal for Indigenous ownership stake in Keystone XL pipeline. “Instead, the Keystone XL project is embroiled in legal and political uncertainty and the company itself is laying off people right here in Calgary. “Jason Kenney and the UCP gave TC Energy $7.5 billion dollars [sic] with no strings attached," said NDP MLAs Irfan Sabir and Deron Bilous in a statement released Tuesday afternoon. “The Government of Alberta has a direct financial interest in KXL but does not decide the day-to-day operations or management of TC Energy,” Kavi Bal said in an email. webmaster@newstalk1010.com, 299 Queen Street West The Lead TC Energy Corp.’s natural gas division experienced a series of layoffs this week as the global demand for oil continues to falter due to the pandemic. TC Energy has not disclosed how many positions were cut as a result of the staffing changes. “Our country will continue to rely on the hard work and ingenuity of the people employed in this industry as we build a stronger, more sustainable economy.”. 140-year-old bible returned to an Ottawa family, weeks after it was found in Calgary, Alberta Health Services seeking company to deal with its dirty laundry, Parents worry notification lags may lead to unknowing COVID-19 contacts attending school, Jennifer Aniston votes, tells fans it's 'not funny' to vote for Kanye, High-tech Calgary startup pilots a ‘last mile’ autonomous delivery service, U.S. government approves alliance between WestJet and Delta, with conditions, This is the scariest movie of all time according to science, Watch this group of animals peek out from inside pumpkins, British veteran raises money by rowing up and down a canal, Anand says Conservative COVID-19 motion could endanger Canada's ability to procure vaccines, PPE, COVID-19 immunity may be related to the severity of one's symptoms, study finds, 'Ticking time bomb': Abandoned seafarers stranded without water, food, or money, Ontario hits highest seven-day average of COVID-19 cases since pandemic began, Armenia, Azerbaijan accuse each other of truce violations, Niagara-area dog has tested positive for COVID-19, Calgary's COVID-19 field hospital hasn't seen a single patient with the illness, High River, Alta. advertising@newstalk1010.com, Questions about a prize won with NEWSTALK 1010? Discussion would be geared around any investment opportunities a Canadian has access to. In the news release, O’Regan added that the “continuity of Canada’s energy sector is critical to the recovery of our economy.”, “Canada’s economy has benefited from our oil and gas sector,” he added. Be the first to know about the stories that will shape your day -- delivered to your inbox twice every weekday, Newstalk 1010 - Breaking News and Programming Alerts, Stay up-to-date and in-the-know! ... were barred from laying workers off until today in … Toronto Food & Drink. The company says it is the largest contract for Heroux-Devtek Spain. TC Energy says Keystone XL pipeline will lead to lower greenhouse gas emissions as opposed to other transportation, Kenney announces partnership with TC Energy for Keystone XL pipeline, Crews use vacuum to destroy nest of ‘murder hornets’ in Washington near B.C. Restructuring at Calgary-based TC Energy Corporation has resulted in the loss of jobs. The NDP are calling on Premier Jason Kenney to release the undisclosed details of the deal the Government of Alberta made with TC Energy earlier this year. From bad weather to car accidents to political decisions that will affect you, NEWSTALK 1010 delivers alerts right to your inbox, Sign up to receive information on contests and promotions from NEWSTALK 1010. It gave no indication of when cinemas might reopen. Also weighing on sentiment was Cineworld’s announcement that it will close all of its UK and U.S. movie theatres this week, leaving as many as 45,000 workers unemployed for the foreseeable future as it strives to survive a coronavirus collapse in film-making and cinema-going. 71010, Newsroom Line STADA will commercialize the products, initially in Germany. Click here to subscribe. –With files from Global News’ Tomasia DaSilva and The Canadian Press’ Dan Healing, TC Energy confirms ‘staffing changes’ being made ‘to remain competitive’, “Our understanding is this is deals with the NGTL system… [a] natural gas pipeline system,” he said, adding that it’s his understanding that TC Energy’s plans to expands the NGTL system have faced federal approval delays “and that has cost us about 8,500 jobs in this construction season.”. Keystone pipeline operator TC Energy owns a 23.96-per-cent stake in TC PipeLines, according to Refinitiv data. Please log in to listen to this story. “We need a plan that sets Alberta up for the future,” he said. Kenney reiterated that TC Energy would be required to notify his government of significant layoffs and that has not happened. 76.6k members in the CanadianInvestor community. At a news conference on Wednesday, Kenney was asked about TC Energy’s restructuring and defended his government’s investment into the Keystone XL pipeline. READ MORE: Encana completes corporate shakeup as it becomes Ovintiv, shifts to U.S. Once complete, the Keystone XL project is expected to transport up to 830,000 barrels per day of oil from Alberta to Nebraska. We believe that the agreement with STADA reinforces LABS' pharma-quality production capabilities and is a decisive step to explore the European medical cannabis market, one of the largest in the world. By using our Services or clicking I agree, you agree to our use of cookies. Submit reception reports to CFRB 1010 or CFRX 6.070 MHz by going to this link: BREAKING DOWN THE NUMBERS: Nearly 30% of the new cases of COVID-19 are in people who are 60+, undisclosed details of the deal the Government of Alberta made with TC Energy earlier this year, A $2,000 mistake leads to paying it forward, Mother of Fredericton shooter says she often advised him to see a doctor for help, Saanich police respond to business break-ins over weekend. The contract win by the company’s CESA subsidiary in Spain includes the supply of production requirements and spare parts for the 787, 777, 777X, 767, and 747. If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. "TC Energy continually reviews our organizational structure and processes to ensure we continue to deliver safe and reliable services while meeting the needs of our customers. "TC has no work from policies and keep denying how successful people are being in the current environment " (in 12 reviews) " At times can be Canadian-centric, but changing to be more a global-minded company " (in 11 reviews) A major Calgary pipeline firm working on the Keystone XL pipeline project confirmed Tuesday it is making staffing changes “to remain competitive and optimize our operations. "TC Energy continually reviews our organizational structure and processes to ensure we continue to deliver safe and reliable services while meeting the needs of our customers. At a news conference in Calgary on Tuesday afternoon, Opposition Energy Critic Irfan Sabir accused the Alberta government of giving TC Energy billions of dollars “with no strings attached.”. "Our Canada Gas Operations & Projects team is implementing a new structure to ensure the optimal skill sets to navigate the next tranche of our expansion and operations," said TC Energy in a statement released Tuesday afternoon. 250 Richmond Street West, Third Floor, Toronto ON M5V 1W4, 416-872-1010 | 1-877-518-5151 (toll-free long distance), General policy questions or comments: Mike Bendixen - Program Director, Questions about News programming and policy. DraftKings Inc. (DKNG-Q) dropped after announcing an underwritten public offering of 32 million shares of its Class A common stock, consisting of 16 million shares being offered by DraftKings and 16 million shares being offered by certain selling stockholders. READ MORE: TC Energy enlists Alberta to help finish US$8 billion Keystone XL project. “We’ve actually created a mini-boom in parts of Alberta where the construction is underway.”.

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