Alberta
Big weekend for Red Deer’s Parker Thompson
Four Races and Four Podiums for Thompson in Busy Victoria Day Speedfest Weekend
CANADIAN TIRE MOTORSPORT PARK – TORONTO, ONTARIO
from Parker Thompson Racing:
Parker Thompson boldly kicked off the new race season in Canada this weekend at Canadian Tire Motorsport Park. The 21-year-old competed in four races as part of two different series that joined the annual Victoria Day Speedfest weekend at the Toronto area racetrack. In those four races, Thompson earned four podiums. In the Canadian Touring Car Championship (CTCC), he dominated the weekend, taking the Audi R8 LMS GT4 of Speedstar Motorsport to two overall victories. In the Porsche GT3 Cup Challenge Canada, Thompson earned a 2nd and 3rd place finish in two tightly contested races.
The performance puts an exclamation mark on what has been a commanding start to Thompson’s 2019 season. Thompson has been racing south of the border since March when the Indy Pro 2000 season commenced in St. Petersburg, Florida. He joined Porsche GT3 Cup Challenge USA shortly after. Thompson is in contention for championship titles in those two series. After this weekend, he is set up to challenge for the Porsche GT3 Cup Challenge Canada and CTCC championship titles as well. In this calendar year, Thompson has already raced 12 times within the four series. In those races, he has 10 podiums and 5 wins.Racing two series in one weekend presented a unique opportunity for Thompson.
“I’m so fortunate to have the opportunity to work with two great teams in SCB Racing and Speedstar Motorsport. Sports GT racing is still very new to me. With some great people behind me though, we’ve managed some great results. We have a great chance to contend for two championships here in Canada. Speedstar Motorsport has proven great results in international series as well. I’m excited about future possibilities that exist with that team and their partners.” – Parker Thompson
Canadian Touring Car Championship
Driven by Thompson, the #1 Audi R8 LMS GT4 of Speedstar Motorsport and New Roads Automotive Group, dominated both CTCC races on the weekend. With future endeavors in other series on the horizon, Thompson and the team had a watchful eye on the SRO GT4 America’s races that also took place as part of the Victoria Day Speedfest weekend. Running cars identically classed to Thompson’s Audi R8, the GT4 America’s series features drivers from around the globe and participation from a variety of manufacturers.
In the Speedstar Motorsport / New Roads Automotive Group Audi R8, Thompson marked a lap time that bested not only all CTCC competitors, but all GT4 America’s entrants as well. In fact, the 1:23.332 that Thompson posted is faster than any GT4 lap on recent record at Canadian Tire Motorsports Park.
“We’re racing guys over in the SRO GT4 America’s paddock. We’re comparing and making sure we’re faster than all the manufacturers over there. The Speedstar Motorsport / New Road Automotive Group #1 Audi R8 was on rails all weekend long. It’s amazing to drive for this team. Thank you to everyone who came out from New Roads Automotive Group and Audi Uptown.” – Parker Thompson.
photo credit CTCC & Phillip Sutherland) 
photo credit CTCC & Phillip Sutherland) 
Photo credit CTCC & Phillip Sutherland)
Porsche GT3 Cup Challenge Canada
As expected of the popular one-make series, the opening races of the Porsche GT3 Cup Challenge Canada were tightly contested. An incident in Saturday morning’s qualifying cut the session short, leaving multiple drivers unhappy with their starting positions for race one. Thompson would start in second position. Over the course of the race he applied good pressure on leader, Jeff Kingsley, but was not able to execute a pass. The two crossed the finish line with a comfortable margin over 3rd place Marco Cirone.
The starting line-up for race two put Thompson in the fifth position. Intense battles with Marco Cirone, Jeff Kingsley, and Patrick Dussault saw Thompson make his way up to second position. Heavy rain would fall, ending the race before he had any chance to challenge for the lead. The excitement of Thompson’s dramatic performance was tempered somewhat post-race when he was penalized one position for making a pass outside of track limits. The final result was third place.
After combining point totals for both races, Thompson holds second place in the overall championship standings, just one point behind race 2 winner Roman DeAngelis. The two drivers are also first in second in the Porsche GT3 Cup Challenge USA standings. Having shared the track for six races so far this year, Thompson and DeAngelis are demonstrating the tight competition that the GT3 Cup series is renowned for.
MAY 24 – 26, 2019 – INDY PRO 2000 Race 4 & 5 – Lucas Oil Raceway, Indianapolis, IN
JUN. 02 – 03, 2019 – CTCC Race 3 & 4 – Calabogie Motorsport Park – Ottawa,
JUN. 08 – 09, 2019 – GT3 CUP CANADA & USA – Circuit Gilles Villeneuve – Montreal
About Parker Thompson
Red Deer, Alberta native Parker Thompson is regarded as one of Canada’s premiere racing drivers. He started racing karts at age 8 and his natural talent and competitive drive quickly elevated him to international level competitions. By age 13 he was ranked 3rd in the world in Rotax Max karts. Now 21 years old, Parker continues his successful career racing on the Road to Indy, and in multiple sports car series.
Premier Danielle Smith issued the following statement on the April 2, 2025 U.S. tariff announcement:
“Today was an important win for Canada and Alberta, as it appears the United States has decided to uphold the majority of the free trade agreement (CUSMA) between our two nations. It also appears this will continue to be the case until after the Canadian federal election has concluded and the newly elected Canadian government is able to renegotiate CUSMA with the U.S. administration.
“This is precisely what I have been advocating for from the U.S. administration for months.
“It means that the majority of goods sold into the United States from Canada will have no tariffs applied to them, including zero per cent tariffs on energy, minerals, agricultural products, uranium, seafood, potash and host of other Canadian goods.
“There is still work to be done, of course. Unfortunately, tariffs previously announced by the United States on Canadian automobiles, steel and aluminum have not been removed. The efforts of premiers and the federal government should therefore shift towards removing or significantly reducing these remaining tariffs as we go forward and ensuring affected workers across Canada are generously supported until the situation is resolved.
“I again call on all involved in our national advocacy efforts to focus on diplomacy and persuasion while avoiding unnecessary escalation. Clearly, this strategy has been the most effective to this point.
“As it appears the worst of this tariff dispute is behind us (though there is still work to be done), it is my sincere hope that we, as Canadians, can abandon the disastrous policies that have made Canada vulnerable to and overly dependent on the United States, fast-track national resource corridors, get out of the way of provincial resource development and turn our country into an independent economic juggernaut and energy superpower.”
From the Fraser Institute
By any measure, Alberta is an energy powerhouse—within Canada, but also on a global scale. In 2023, it produced 85 per cent of Canada’s oil and three-fifths of the country’s natural gas. Most of Canada’s oil reserves are in Alberta, along with a majority of natural gas reserves. Alberta is the beating heart of the Canadian energy economy. And energy, in turn, accounts for one-quarter of Canada’s international exports.
Consider some key facts about the province’s energy landscape, as noted in the Alberta Energy Regulator’s (AER) 2023 annual report. Oil and natural gas production continued to rise (on a volume basis) in 2023, on the heels of steady increases over the preceding half decade. However, the dollar value of Alberta’s oil and gas production fell in 2023, as the surging prices recorded in 2022 following Russia’s invasion of Ukraine retreated. Capital spending in the province’s energy sector reached $30 billion in 2023, making it the leading driver of private-sector investment. And completion of the Trans Mountain pipeline expansion project has opened new offshore export avenues for Canada’s oil industry and should boost Alberta’s energy production and exports going forward.
In a world striving to address climate change, Alberta’s hydrocarbon-heavy energy sector faces challenges. At some point, the world may start to consume less oil and, later, less natural gas (in absolute terms). But such “peak” consumption hasn’t arrived yet, nor does it appear imminent. While the demand for certain refined petroleum products is trending down in some advanced economies, particularly in Europe, we should take a broader global perspective when assessing energy demand and supply trends.
Looking at the worldwide picture, Goldman Sachs’ 2024 global energy forecast predicts that “oil usage will increase through 2034” thanks to strong demand in emerging markets and growing production of petrochemicals that depend on oil as the principal feedstock. Global demand for natural gas (including LNG) will also continue to increase, particularly since natural gas is the least carbon-intensive fossil fuel and more of it is being traded in the form of liquefied natural gas (LNG).
Against this backdrop, there are reasons to be optimistic about the prospects for Alberta’s energy sector, particularly if the federal government dials back some of the economically destructive energy and climate policies adopted by the last government. According to the AER’s “base case” forecast, overall energy output will expand over the next 10 years. Oilsands output is projected to grow modestly; natural gas production will also rise, in part due to greater demand for Alberta’s upstream gas from LNG operators in British Columbia.
The AER’s forecast also points to a positive trajectory for capital spending across the province’s energy sector. The agency sees annual investment rising from almost $30 billion to $40 billion by 2033. Most of this takes place in the oil and gas industry, but “emerging” energy resources and projects aimed at climate mitigation are expected to represent a bigger slice of energy-related capital spending going forward.
Like many other oil and gas producing jurisdictions, Alberta must navigate the bumpy journey to a lower-carbon future. But the world is set to remain dependent on fossil fuels for decades to come. This suggests the energy sector will continue to underpin not only the Alberta economy but also Canada’s export portfolio for the foreseeable future.
Jock Finlayson
Senior Fellow, Fraser Institute
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