Alberta is working closely with Ottawa as the federal government crafts a strategy for helping the country's struggling oilpatch, says the province's energy minister, adding she's expecting a package to come "very shortly." "I'm still confident that something's coming out very shortly," Savage said Tuesday morning to the Scotiabank CAPP Energy Symposium. And I'm not seeing anything at this point to be concerned that there's not a liquidity package coming." When commodity prices are so low, oilpatch companies often struggle to obtain financing from banks, investors and the broader finance community. "Our finance minister, Travis Toews, has been in regular contact with [federal] Finance Minister Bill Morneau and our departments are working closely on what a liquidity package is going to look like," Savage said.

Source: CBC News April 07, 2020 14:37 UTC