Silver lining: Alberta natural gas — and budget — get boost with historic LNG ocean shipment
If LNG prices are the silver lining of non-renewables, the light clouds could be gas prices — and the shadow comes from U.S. President Donald Trump's tariffs.
Article content
'Overall, the oil market is good, not great,' Botterill said.
Article content
OPEC+ has reversed voluntary production cuts, announcing consecutive monthly production increases since April.
Article content
'This strategy aims to capture greater market share from non-OPEC producers amidst a volatile global trade environment influenced by U.S. tariffs,' the Deloitte & Touche report found.
Article content
The Energy Information Administration expects oil production growth in 2025 will surpass annual demand growth, posing a risk of oversupply.
Article content
Article content
'We are in a little bit of an oversupply place right now around the globe, meaning that I think we're probably going to see OPEC probably stay the line and stay the course, because I think they'd much rather see higher prices than flooding the market,' Botterill said.
Article content
'Obviously, with some of the conflicts going on right now, there's big supply chain issues and cargoes not being able to move directions we'd like to move them due to foreign conflicts, so we may see some problems on that.'
Article content
Overall, in the Canadian market, the discount on Western Canadian Select (WCS) to WTI settlement prices has narrowed with markedly low fluctuation, to around US$10 in the past quarter, achieving one of the lowest quarterly averages observed for this differential in recent years, the Deloitte & Touche report found.
Article content
Much of the credit goes to the 2024 twinning of the Trans Mountain Pipeline from Edmonton to Burnaby, B.C. and Washington state, with a 'batching' process allowing different petroleum products—and more than twice as much of it—to move through the pipeline in sequence.
Article content
Article content
'This suggests that the TMX, which was completed last year to enable pipeline egress for heavy crude from Western Canada, is the main factor sustaining the narrow differential and appears to have fundamentally affected the Canadian oil market on whole,' the report found.
Article content
'What has been great about the Trans Mountain Pipeline extension is having that those extra seaborne volumes going out into Asia have strengthened Canadian received prices. It kind of proves the case that, hey, if we have more markets that we can get to, people have to compete for our volumes, right?' Botterill said.
Article content
In Q3 2025, Canadian oil differentials may tighten further as wildfires across Alberta have contributed to the shut-in of 7 per cent of Canada's production, according to Reuters estimates.
Article content
The Alberta government saw the 2024-25 fiscal year ending March 31 with a healthy bottom line, with a $4.7 billion injection from non-renewable resource revenue and record-high production, as well as the opening of the Trans Mountain pipeline expansion in May 2024.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Global News
31 minutes ago
- Global News
Trade war could kill 1 in 5 B.C. small businesses within 6 months: CFIB
One in five small businesses in British Columbia could go under within six months, without help or a speedy resolution to Canada's ongoing trade war, according to an industry group. The Canadian Federation of Independent Businesses (CFIB) says a recent survey of its members has concluded small businesses are being disproportionately hammered by U.S. tariffs on steel and aluminum and Canada's own retaliatory tariffs. 'A bad deal is the worst case scenario, but the next worst thing is the uncertainty,' said Ryan Mitton, CFIB director of legislative affairs for B.C. 'That's cause for concern because if governments don't act fast to provide immediate relief, then we're going to start seeing layoffs or small business closures.' 3:24 B.C. gets a B+ in CFIB trade report That's a concern for Megan Nakazawa, owner of Local Space in Chilliwack. Story continues below advertisement Even though her business sells only Canadian products, she says her company is already feeling the consumer chill, and closed its Langley location several months ago. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy 'Every day there is an announcement of a small business just like mine that is closing its doors,' she said. 'A lot of people are just scared of what the next couple of years are going to be like and they are just not spending what they used to spend.' Mitton said eight in 10 B.C. businesses are exposed to the U.S. for trade in some way, and more than half (56 per cent) of B.C. businesses are exposed to U.S. steel and aluminum tariffs or Canada's own tariffs on U.S. goods. 'The result of tariffs and counter tariffs is raising prices for everyone, we're seeing increased costs, reduced profits, and small businesses are having to completely change their supply chains,' he said. 'They're confused when it comes to orders, in fact, one in three small businesses have had orders pause lately as a result of the impacts of not just U.S. tariffs, but counter tariffs as well.' 4:37 How jump in B.C. minimum wage will impact small businesses On top of that, a quarter are being affected by U.S. duties on softwood lumber, according to the CFIB data. Story continues below advertisement 'That includes small businesses, restaurants in lumber communities, forestry communities that work on serving those workers, providing supplies, or even contracting with forestry operations themselves,' he said. While coming to a clear and stable agreement with U.S. President Donald Trump is a riddle no country has yet solved, Mitton said there are actions provincial and federal governments can take to give small businesses some breathing room. At the top of the list is ensuring all revenue from Canadian counter-tariffs is returned to domestic businesses being hurt by the trade war. The group is also calling for action to cut the cost of doing business and reduce taxes, including temporarily cutting the small business tax rate to zero or offering a tariff rebate similar to the former carbon tax rebate. That's an approach Nakazawa would support. 'The government puts a lot of Band-Aids on situations and there isn't a lot of actual help,' she said. 'We pay a lot in taxes, a lot more than these big corporations are paying when you look at percentages.'
Globe and Mail
31 minutes ago
- Globe and Mail
Edge Computing Market Innovations 2030, Technology Growth, Leading Companies, Future Scope & Opportunities
"HPE (US), AWS (US), Dell Technologies (US), Cisco (US), Microsoft (US), IBM (US), Google (US), Nvidia (US), Intel (US), Huawei (China)." Edge Computing Market by Component (Edge Hardware (Servers, Gateways, Sensors, Devices), Edge Software (Data Management)), Edge Application (Edge AI & Inference, Real-Time Processing & Control, Immersive & Interactive Experiences) - Forecast to 2030. The global edge computing market is growing very quickly. It is estimated to grow from about USD 168.40 billion in 2025 to USD 249.06 billion by 2030, at a compound annual growth rate of 8.1%. The edge computing market is experiencing significant growth, driven by four primary factors reshaping enterprise IT deployment models. The rapid adoption of IoT across industries such as manufacturing, transportation, healthcare, and energy generates large volumes of decentralized data, requiring real-time processing at or near the data source to ensure operational efficiency. At the same time, the increasing reliance on low-latency applications, ranging from autonomous systems to immersive digital experiences, is prompting infrastructure investments that minimize data transmission delays by bringing compute closer to the edge. Download PDF Brochure@ IoT & industrial automation application to register the largest market share during the forecast period The IoT & industrial automation application segment is expected to register the largest market share during the forecast period. This segment covers key functions such as device management and protocol bridging, robotics coordination, and asset and inventory tracking, which are fundamental to driving industrial digital transformation. Manufacturing, utilities, logistics, and oil and gas organizations are embracing edge computing to efficiently manage millions of connected devices generating real-time operational data across dispersed environments. Edge nodes process and analyze sensor information related to temperature, vibration, flow, and energy use directly at the source, facilitating rapid alerts, automatic equipment shutdowns, or load adjustments that safeguard assets and ensure energy efficiency. The ability to coordinate robotics, synchronize operations, and maintain seamless industrial communication through protocols such as OPC-UA and MQTT gives vendors a strong foundation for delivering reliable and scalable solutions that bridge diverse systems. In highly regulated industries, built-in cybersecurity measures and audit logging within edge architectures help meet strict compliance requirements and protect critical infrastructure. For solution providers, the surge in IoT and automation adoption means investing in robust device management, lightweight AI and analytics deployment, and support for interoperability across equipment manufacturers. By focusing on streamlined integration, predictive maintenance, and automated workflows, vendors can enable customers to achieve higher operational efficiency, safety, and autonomy, positioning themselves as essential partners in the expanding digital industrial ecosystem. By component, the edge software segment is poised for the highest growth rate during the forecast period The edge software segment is expected to achieve the fastest growth rate in the edge computing market during the forecast period, resulting from rising demand for solutions that streamline deployment, management, and orchestration of edge workloads. As organizations move significant operations to the edge, in manufacturing, healthcare, and retail sectors, they require advanced software for real-time analytics, security, compliance, and seamless connectivity across distributed environments. In February 2025, Microsoft emphasized the expanding role of edge-native platforms and toolkits for developers, noting integrations that simplify the build, test, and deployment of intelligent edge applications at scale. In March 2025, HPE highlighted enhancements to its edge software portfolio, including automated lifecycle management and improved support for hybrid cloud environments designed to help enterprises operate efficiently across remote sites. Integrating machine learning frameworks and container technologies, such as Kubernetes for the edge, makes it easier for businesses to roll out, update, and secure applications at the edge, driving rapid adoption. For vendors and solution providers, this momentum creates opportunities to focus on building flexible, modular, and interoperable software platforms that cater to industry-specific needs and accelerate digital transformation. By investing in robust support and training programs, developing open-source integrations, and offering managed services, providers can differentiate themselves and capture a larger share of this evolving market. The shift toward software-driven edge architectures signals a clear trend favoring dynamic, scalable solutions that empower organizations to respond quickly to changing requirements and support next-generation applications efficiently. North America accounts for the largest market during the forecast period North America is expected to lead the global edge computing market through its advanced digital infrastructure, widespread 5G availability, and high adoption of distributed technologies, offering a dynamic environment for vendors and enterprises. The region's mature telecommunications networks, strong cloud ecosystems, and deep technology provider engagement enable enterprises to process data closer to its source, delivering real-time insights, compliance, and agility across manufacturing, healthcare, and logistics industries. This infrastructure supports organizations in meeting stringent regulatory requirements and achieving faster, more resilient operations, making North America an attractive region for new edge use cases and investments. Specific developments in May and June 2025, such as HPE's launch of enhanced Edgeline converged edge systems for AI and analytics, and Cisco's expanded IoT Operations Dashboard for centralized management, demonstrate how companies rapidly integrate edge computing into their core operations. For vendors, North America's market dynamics present clear opportunities to increase market share and establish leadership by delivering flexible, industry-tailored platforms, seamless integration, and managed services that simplify adoption. The region's mix of early adopters, technology expertise, and favorable business climate means vendors who anticipate customer needs, prioritize security and regulatory alignment, and support end-to-end edge deployments will stand out. Vendors can secure lasting partnerships and drive long-term expansion in the world's most advanced edge computing market by aligning with North America's integration capabilities, technological leadership, and enterprise demand. Request Sample Pages@ Unique Features in the Edge Computing Market A unique feature of the edge computing market is its ability to process data locally at the network's edge rather than relying solely on centralized cloud servers. This decentralized approach significantly reduces latency, improves response times, and ensures smoother operation for applications that require real-time decision-making, such as autonomous vehicles, smart factories, and healthcare devices. Edge computing provides a higher level of data security by minimizing the need to transmit sensitive information over long distances to centralized data centers. Since data can be processed locally, organizations gain greater control over critical information, reducing exposure to cyber threats and enabling compliance with stringent data protection regulations. The market is characterized by scalable and flexible solutions that can be deployed across a wide range of industries and use cases. Edge infrastructure can be tailored to support everything from small IoT sensors to large-scale industrial operations, making it adaptable to diverse business needs while optimizing bandwidth and storage usage. Edge computing plays a pivotal role in enabling next-generation technologies such as 5G, Artificial Intelligence (AI), and the Internet of Things (IoT). By bringing computation closer to the source of data, it enhances the performance of these technologies, allowing businesses to leverage intelligent automation, predictive analytics, and immersive experiences like AR/VR with minimal delay. Another distinguishing feature is its ability to improve system resilience and reliability. By distributing workloads across multiple edge nodes, businesses can ensure continuous operation even if certain nodes or connections fail. This decentralized resilience is especially vital for mission-critical applications in sectors like energy, healthcare, and transportation. Major Highlights of the Edge Computing Market One of the major highlights of the edge computing market is the increasing demand for ultra-low latency in applications such as autonomous vehicles, smart manufacturing, telemedicine, and immersive AR/VR experiences. Edge computing addresses this by enabling real-time data processing closer to the source, which is essential for mission-critical operations. The rollout of 5G technology is accelerating the adoption of edge computing. With faster data speeds and higher bandwidth, 5G complements edge solutions by delivering enhanced connectivity, thereby driving advancements in IoT, smart cities, and connected devices on a global scale. The market is witnessing broad adoption across diverse sectors including healthcare, retail, energy, logistics, and telecommunications. Each industry is leveraging edge computing to enhance efficiency, improve customer experience, and enable data-driven decision-making tailored to specific business needs. With billions of IoT devices generating massive amounts of data, edge computing has become critical for managing and analyzing information effectively. The edge infrastructure reduces data congestion, improves response time, and enables scalable IoT deployments, making it a key driver of growth in the IoT ecosystem. Data privacy and compliance with regional regulations are becoming major market drivers. By processing data locally, edge computing reduces risks associated with data transmission and ensures greater control over sensitive information, supporting industries that operate under strict regulatory frameworks. Inquire Before Buying@ Top Companies in the Edge Computing Market The major players in the edge computing market include HPE (US), AWS (US), Dell Technologies (US), Cisco (US), Microsoft (US), IBM (US), Google (US), Nvidia (US), Intel (US), and Huawei (China). HPE Hewlett-Packard Enterprise is executing a well-defined edge-to-cloud strategy that positions it as a leader in the edge computing market by delivering secure, scalable, and integrated infrastructure through its HPE GreenLake platform. The company's core competencies include deep expertise in networking, edge infrastructure, cloud-native application management, and intelligent automation. These strengths enable HPE to support complex enterprise requirements for low-latency processing, data sovereignty, and secure device connectivity at the edge. To accelerate its capabilities, HPE has completed several strategic acquisitions, such as Juniper Networks in July 2024 to enhance its AI-driven networking foundation, Axis Security to strengthen secure remote access and Zero Trust architecture, and Morpheus Data to expand orchestration and automation across multi-cloud and hybrid edge environments. These acquisitions reflect vertical integrations, combining hardware, software, and security into a unified offering, and horizontal expansions across connectivity, security, and cloud operations. HPE's approach delivers a single management framework to orchestrate distributed workloads while maintaining performance, compliance, and ease of use. These strategic developments have positioned HPE as a key enabler of next-generation edge computing, with solutions that bridge operational technology and information technology for enterprises worldwide. AWS Amazon Web Services advances its edge computing strategy by delivering a robust ecosystem of distributed cloud services, developer tools, and integrated platforms tailored for low-latency, real-time workloads. AWS's core competencies span global cloud infrastructure, deep experience in IoT and event-driven architectures, and a broad portfolio that includes AWS IoT Greengrass, Wavelength, Local Zones, and CloudFront, enabling seamless data processing and application deployment at or near the data source. The acquisition of Fig in 2024 strengthens AWS's developer-centric edge proposition, integrating advanced command-line and automation capabilities that accelerate development, collaboration, and operational efficiency for edge-centric solutions. AWS also emphasizes security, compliance, and flexibility through continual enhancements to its security frameworks and zero-trust architecture, supporting regulated industries operating at the edge. While AWS's vertical integration unifies compute, storage, networking, and orchestration within a single management plan, its horizontal integration is evident in broad industry adoption and developer ecosystem growth. Through these strategies and continuous innovation, AWS enables enterprises to build, deploy, and manage scalable, secure, and intelligent edge environments worldwide, supporting the next wave of digital transformation. Cisco Cisco is a major player in the Edge Computing Market, offering robust networking and security solutions that extend data processing closer to where data is generated. Through its edge-native platforms, such as Cisco IOx and Edge Intelligence, the company enables real-time analytics, efficient data management, and secure IoT connectivity. Cisco's edge solutions are widely used across smart cities, manufacturing, and transportation sectors, helping businesses reduce latency and enhance operational efficiency. Dell Technologies Dell Technologies brings powerful infrastructure solutions to the Edge Computing Market through its portfolio of rugged edge servers, hyperconverged infrastructure, and edge gateways. With offerings like Dell VxRail and Dell EMC PowerEdge, the company supports real-time processing and AI workloads at the edge. Dell also collaborates with VMware and other ecosystem partners to deliver scalable, secure, and manageable edge deployments across industries such as retail, energy, and healthcare. Microsoft Microsoft is a prominent force in the Edge Computing Market, leveraging its Azure ecosystem to deliver hybrid and edge computing capabilities through Azure Stack Edge and Azure IoT. The company enables data processing and AI model deployment directly at the edge, empowering enterprises to run workloads locally while syncing with the cloud. Microsoft's edge solutions are instrumental in industries like manufacturing, agriculture, and logistics, facilitating low-latency applications and intelligent edge operations.
Cision Canada
2 hours ago
- Cision Canada
407 ETR joins Mayor Patrick Brown's team with a $50,000 assist for Hockey Night in Brampton
407 ETR's contribution amplifies the Company's commitment to advancing community health and bringing fans closer to the action for a great cause. The Company has been a longstanding donor to the William Osler Health System Foundation, contributing a total of $290,000 since 2015. "Quality health care is vital for thriving communities and we're proud to support William Osler Health System Foundation and their commitment to enhancing patient care in Brampton," says Jose Espinosa, President & CEO, 407 ETR. "Hockey Night in Brampton was a powerful way to connect health and hockey—two important pillars of Canadian communities and their culture, and we're deeply honoured to play a role in strengthening the communities we serve through this meaningful event." "Hockey Night in Brampton is about bringing our community together to support a cause that touches every family—quality health care", said Patrick Brown, Mayor of Brampton. "Thank you to 407 ETR for stepping up with such generosity as we build Brampton's second hospital, strengthening healthcare for our growing community." "We're grateful to 407 ETR for their generous support of Hockey Night in Brampton, and to Mayor Brown for championing this incredible event," says Ken Mayhew, President & CEO, William Osler Health System Foundation. "Together, we're bringing Brampton's second hospital closer to reality and building a healthier future for our community." Fast facts: Since 2006, 407 ETR has donated a total of $1.8 million to GTA hospitals, including William Osler Health System Foundation. 407 ETR sponsors City of Brampton community programs through ActiveAssist to help make community engagement more accessible to people living below the poverty line or with disabilities. The Company proudly supports Peel Region Football through Keep Moving TM by 407 ETR, helping over 500 youth play the sport. 407 ETR employees stepped up during the Company's One Big Day volunteer event in June to support local non-profit organizations, including Brampton Regeneration, Brampton Food Hub and Knights Table Food Bank. Since 2019, 407 ETR has proudly supported the business community as a member of the Brampton Board of Trade. For more information about how 407 ETR supports communities in the GTA, visit About 407 ETR Highway 407 ETR is an all-electronic open-access toll highway located in the Greater Toronto Area in Ontario, Canada. The highway spans 108 kilometres from Burlington in the west to Pickering in the east. 407 International Inc. is the sole shareholder of 407 ETR and is owned by: Cintra Global S.E., a subsidiary of Ferrovial S.A. (48.29%) Canada Pension Plan Investment Board (CPP Investments) and other institutional investors (44.20%) Public Sector Pension Investment Board (PSP Investments) (7.51%)
