This week's highlightsGlobal equities trade lower as risks begin to pile upYields push new highs as rate cut expectations unwindBank of Canada holds rate steady, says it's more confident in inflation easingHigher gas and rents keep U.S. inflation elevated, likely delaying Fed rate cutsEuropean Central Bank holds rates ...

Red Deer home sales saw an increase in March when compared to the month before and the same month last year.According to the latest Market Update from Central Alberta Realtors Association, there were 157 units sold in March, up from 110 units sold in February, and 147 units sold in March 2023.Year-to-date numbers show ...

There was a slight rise in the Red Deer region's unemployment rate last month, but the rate is still lower than in March of last year.According to the latest figures from Statistics Canada, the Red Deer region's unemployment rate was 7.0 per cent last month, up slightly from 6.9 per cent in February, but still lower th...

Safe Harbour is offering customizable workshops for businesses and interested individuals to learn about homelessness, addictions, and ways they can help. The organization, currently running the temporary homeless shelter on Cannery Row along with many other services, began offering the workshops a few months ago to en...

Officials gathered in Red Deer County on Wednesday to discuss their plans for the $8 million investment into broadband services and increased speed connectivity for roughly 1,200 households. In early March, the provincial and federal governments announced a $112 million investment in the Universal Broadband Fund (UBF) ...

A new poll done for CIBC says 76 per cent of Canadians who don't own a property say entry to the housing market feels out of reach.The bank says the online survey done in February found that 70 per cent of non-owners cited overpriced markets as one of the main barriers to achieving their homeownership goal, while 63 pe...

Construction on a multi-million dollar milk concentration plant north of Red Deer continues to progress. The Western Milk Pool (WMP), a collaboration between BC Milk, BC Dairy, Alberta Milk, SaskMilk and Dairy Farmers of Manitoba, are building Dairy Innovation West (DIW), a state-of-the-art milk concentration plant und...

CALGARY - Canadian energy producers say they are prepared and ready for what could be another spring and summer of drought and wildfires in Western Canada. Last year's hot, dry weather conditions saw oil and gas companies in northwest and central Alberta as well as northeast B.C. temporarily halt production as wildfire...

Officials say Alberta's construction industry is leading the province in employment growth. The province claims investment in the industry is forming the foundation of strong employment growth, with 12,767 more Albertans employed in the sector in the first quarter of 2024 compared to the same period in 2023. Officials ...

This week's highlightsMarkets close broadly lower despite late-week rallyStronger-than-expected jobs growth drives rise in sovereign yieldsCanadian factory PMI edges up to 11-month high in MarchPowell still sees room for the Fed to cut rates this yearEurozone inflation cools, setting stage for rate cutIn the news: EV t...

The Government of Alberta says $30 million from Budget 2024 are allocated to the Aboriginal Business Investment Fund (ABIF) over the next three years, with 13 community-owned businesses benefiting this year.One of those businesses is in central Alberta, that being the Bear Hills Casino Limited Partnership on Louis Bull...

Starting today (April 5), a new bus service expands to Alberta under the FlixBus banner.FlixBus, a partner brand of Greyhound in the United States, will operate stations in Red Deer, Fort Macleod, Okotoks-Aldershyde, Claresholm, Lethbridge, Edmonton and Calgary."We are thrilled to bring our services to Alberta, Ca...

On March 21, 10 local entrepreneurs took to the podium in front of local business leaders to showcase ideas they believe will rocket them to success at the Catalyst Incubator finale. The pitch process represents a culmination of the Catalyst Incubator program presented by Central Alberta Regional Innovation Network (CA...

Officials with the City of Red Deer say the Downtown Activation 4 Seasons Grant is returning to support community-led initiatives supported by local not-for-profit organizations. According to the City, downtown is the vibrant heart of Red Deer, animated by spaces to gather, connect, entertain and reflect, all year long...

Canada looks set to dodge a recession despite the ongoing downward pressure from higher interest rates, Deloitte Canada said in its economic outlook report. A number of worrisome trends are still weighing on the economy, Deloitte said, including sticky inflation, rising business insolvencies and increasing mortgage del...

The hiring climate is looking healthy for the next few months in central Alberta, according to the latest survey by Manpower. However, a gap remains unbridged between skillsets job seekers have, and what employers need. The global workforce solutions company released this month the results of their quarterly Employment...

Fuel retailer Parkland Corp. has put 157 of its gas and convenience store locations across six provinces up for sale.The Calgary-based company said Tuesday it is partnering with NRC Realty & Capital Advisors LLC and Colliers Canada to find buyers.The assets up for sale include locations under the Chevron, Ultramar,...

Week in reviewEquity markets rally on central banks' movesEquity markets applauded the U.S. Federal Reserve's (Fed) policy rate decision, economic projections, and Fed Chair Jerome Powell's press conference. Despite a minor decline on Friday, major global indices closed with strong weekly gains. In the absence of econo...

A new survey suggests that the majority of Albertans want to completely eliminate the federal carbon tax.The Angus Reid Institute polled 1,602 Canadian adults, including 155 residents of Alberta between March 20-22, 2024.Among all Canadians surveyed, 40 per cent said they would abolish the carbon tax, 11 per cent would...

Results from a local project in central Alberta have proposed recommendations to bridge the gaps between employers and individuals over the age of 55 seeking work.The report's conclusions were shared at a press conference held at the Golden Circle in Red Deer on Friday. Beginning in April 2023, the Golden Circle Senior...

The Red Deer & District Chamber of Commerce unveiled a new brand and logo during its 130th anniversary celebration Monday night.Hundreds attended the event held March 18, 2024, at the Harvest Centre in Westerner Park which also featured live entertainment.Chamber officials say the refreshed identity, inspired by th...

The most recently considered site for a future permanent shelter in Red Deer is no longer on the table after city council ceased negotiations with the private landowner last week; the focus is now on the province. City officials say the site in the northeast of Red Deer, first coming onto the radar in May 2023, was det...

This week's highlightsEquity rally loses steam as wholesale inflation ticks higherBond yields move higher on inflation reading ahead of Fed meetingCanadians' wealth is bolstered by stock rally amid housing slump, StatCan saysU.S. inflation up again in February in latest sign that price pressures remain elevatedU.K. eco...

Red Deer home sales increased in February when compared to the month before and year over year.That's according to the latest Market Update from Central Alberta Realtors Association which shows 110 units sold in Red Deer last month, up from 90 in January and 104 units sold in February 2023.Year-to-date numbers show 200...

The Red Deer region's unemployment rate saw a significant drop last month.According to Statistics Canada, the Red Deer region's jobless rate was 6.9 per cent in February, down from 8.2 per cent in January, and 7.7 per cent in February 2023.The Red Deer region's unemployment rate is also no longer the highest in the pro...

The Alberta government has introduced legislation that would direct $10 million from this year's budget toward luring more workers to the province.The funds for the Alberta is Calling Attraction Bonus are aimed at bringing skilled tradespeople from elsewhere in Canada.During the last election campaign, the United Conse...

The average value of Canadian farmland rose again in 2023, albeit at a slower pace compared to 2022.Farm Credit Canada's latest Farmland Values report says the average value rose 11.5 per cent -- slightly less than the 12.8 per cent from 2020 to 2022.Chief economist JP Gervais said farmland prices continue increase at ...

The Alberta government is investing $20 million in grant programming to support graduates that are creating new technologies. The funding will support graduates from science, technology, engineering and mathematics (STEM) disciplines in post-secondaries to pursue entrepreneurship, develop business skills, and commercia...