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News Winnipeg. Business

Business
The cost of a barrel of Canadian oil soared to $44 in January. The reason was a sharp decline in production in Alberta. This may lead to a decrease in revenue for US exporters of Canadian oil. The government of the Canadian province of Alberta forced manufacturers to cut production by almost 9% to raise collapsed prices for a local brand of Western Canadian Select (WSC) oil. This led to the fact that the price of the WSC variety rose to $44.71 per barrel f...
Business
There is a new agreement between Manitoba and Saskatchewan: Manitoba Hydro will send hydroelectricity to Saskatchewan starting from 2022. On Monday a term sheet was signed between two provinces that says that up to 215 megawatts of hydroelectricity will be sent to Saskatchewan for at least 18 years starting from 2022. Later, the duration of the service can be extended to 30 years. A representative of Hydro said that at the moment electricity is being trans...
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