Good morning, Calgary! It's mainly clear and –8 C at the airport at 8 a.m. Here's what's happening in Calgary today.

Weather

We're expecting cooler temperatures today, with sunshine and a high of 2 C in the forecast. (The normal high for this time of year is 1 C.)

Overnight, the low will drop to –5 C. 

For the rest of the week, we'll return to double-digit highs, with a high of 10 C expected on Thursday and a high of 17 C in the forecast for Friday.

Traffic

Eastbound Glenmore Trail near Deerfoot Trail is once again fully open after lane closures earlier this morning. (updated at 7:55 a.m.)

If you see anything happening on Calgary roads or southern Alberta highways, you can give Calgary Eyeopener traffic reporter Angela Knight a call at #1010, *1010 or 403-521-1010. You can also send a tweet to @CalgaryCommute.

News headlines

Dozens of angry residents in the southwest are firing back at the city over the proposed Southwest Transitway. At a meeting last night, residents complained about what they call a "lack of consultation," as well as the cost and design of the project. The line will link southwest communities to Mount Royal University and downtown with a bus rapid transit service. ​The project will cost at least $40 million, but city officials say that figure will likely be higher, depending on the final design.

Encana Corp. says it's planning a further 20 per cent reduction in its workforce as it works to achieve up to $250 million in additional cost savings this year, beyond what had previously been announced. Details on how many jobs will be affected and when they'll happen weren't immediately available.The Calgary-based oil and gas producer announced the cuts with its fourth-quarter financial report, which included a $612 million net loss or 72 cents per share — mostly the result of asset write downs and other non-operating items.

More grim news is expected this afternoon when Alberta Finance Minister Joe Ceci delivers the province's third quarter fiscal update. In his first-quarter update last August, Ceci was already projecting Alberta's deficit could balloon up to $6.5 billion if the price of oil continued to fall. Economists are now projecting a deficit of up to $8 billion. Ceci has yet to set a date to unveil the 2016 budget, but it's expected in March.

On your radio

Jennifer Keene and Angela Knight host the Wednesday morning edition of the Calgary Eyeopener on CBC Radio One from 6 a.m. to 8:30 a.m. They'll have all your news, weather, traffic, sports and business throughout the morning — you can tune in at 1010 AM, 99.1 FM, online at cbc.ca/calgary or through the CBC Radio app.


This daily roundup of news, weather and traffic stays live from 6 a.m. to late morning. What would you like to see here to start your day? Email us at calgarynewstips@cbc.ca or contact us via Twitter @CBCCalgary. Would you like to see your photo in this space? We'd love to share your photos of Calgary and area! Send your photos to calgaryphotos@cbc.ca