This week's highlightsEquity markets move higher even as trade and growth issues simmerBond markets tread water amid interest rate uncertaintyCanada's annual inflation rate drops to 1.8% in December on sales tax reliefIMF raises U.S. growth estimatesU.K. jobs market weakens as BoE prepares to ease ratesWeek in reviewEq...

Red Deer-based Peavey Mart is going under, and will close all 90 of its Canadian locations, according to a report by website Retail Insider.'Store closing' signs are up at the Red Deer store this week, and many others.On Jan. 27, a staff member at an Alberta Peavey location told Pattison Media Alberta that the news of ...

The Central Alberta Collegiate Institute (CACI) announced in an industry update on Jan. 24, that its student enrollment has almost doubled since its first official year of operations in 2023. CACI is a partnership between Red Deer Polytechnic (RDP), Olds College of Agriculture and Technology, CAREERS, and the Chinook's...

Following a successful launch event this week, a new Business Retention, Expansion, and Workforce Development initiative (BREWD) is launching a survey.The BREWD was announced late last year, but held their launch event in Penhold on Thursday.Led by a group called Central Alberta First, the initiative looks to address c...

U.S. President Donald Trump stood buy his claims on Monday that his administration will move forward with 25 per cent tariffs on Canadian imports at the beginning of February.The initial threat from Trump came in November when he proposed tariffs on Canadian imports until the country stops drugs and illegal immigrants ...

Alberta Premier Danielle Smith has been down in the United States recently, talking to U.S. President Donald Trump about his imposed 25 per cent tariffs on all Canadian goods, which are expected to start February 1. In a media discussion with Smith on Tuesday morning, she says the trade relationship with the United Sta...

On Jan. 18, the Government of Alberta hosted a reception to celebrate and honour six Albertans who represented Canada at the 47th WorldSkills competition, including Red Deer's Polytechnic's Ben Rainforth. The WorldSkills competition showcases a variety of skilled trade and technology-based challenges and was last held ...

This week's highlightsEquity markets finish volatile week on a strong noteBond markets dance to the tune of inflation and central bank policyCanadian home sales finish strong in 2024U.S. inflation ticks up to 2.9%, but underlying price gains are mutedChina's central bank reiterates easing pledges amid policy dilemmasWe...

The Alberta Energy Regulator has laid nine charges against Imperial Oil almost two years after an estimated 5.3 million litres of toxic wastewater spilled from a pond at its Kearl oilsands mine north of Fort McMurray, Alta.The charges include failing to report the spill as soon as the company became aware of it, releas...

The Association of Science and Engineering Technology Professionals of Alberta (ASET) are providing a new opportunity for tradespersons in Alberta.ASET, which has 300 members from Red Deer, for example, is offering the tradesperson to CTech pathway program which helps a journey person earn the ASET designation of certi...

Red Deer Polytechnic announced on Wednesday they're among 38 post-secondary institutions across Canada who are receiving over $24 million in lab-to-market funding from the federal government.The grant from the Government of Canada will help bring more academic research ideas at RDP to life, support Indigenous business,...

This week's highlightsInflationary policy proposals, resilient labour market push equity markets lowerBond yields moved higher throughout the week on fears of inflationary tariffs and strong Canada, U.S. jobs reportsCanadian exports rise in November, trade surplus with U.S. increasesU.S. hiring blew past expectations w...

Alberta's Minister of Environment and Protected Areas Rebecca Schulz is heading to Sacramento, Calif. in an effort to promote Alberta's success in emissions reductions and responsible energy development, say government officials. Schulz will be travelling from Jan. 13-15 and will participate in discussions about Albert...

The Red Deer region saw a rise in its unemployment rate in December, coming in at 7.6 per cent, the highest rate in the province. That's up from 6.9 per cent in November, but down slightly from 7.9 per cent in December 2023. According to the latest figures from Statistics Canada, Calgary saw a jobless rate of 7.2 per c...

Alberta's minister of environment and protected areas, Rebecca Schulz, is renewing her call for the federal government to scrap its proposed oil and gas emissions cap regulations. In November 2024, the Government of Canada announced drafted regulations that would set a cap on greenhouse gas emissions in the oil and gas...

New data presented by ATB Financial highlights the importance of exports from Alberta to the U.S. but also a grim reminder of what could be ahead for exporters in the province when president-elect Donald Trump takes office in January.According to the data, of the $166 billion of goods sold internationally over the firs...

The Government of Alberta has signed a letter of intent with Enbridge, which will form a working group with the Alberta Petroleum Marketing Commission (APMC). The group is expected evaluate future egress, transport, storage, terminalling and market access opportunities across more than 29,000 kilometres of the Enbridge...

Red Deer Polytechnic is offering a new micro-credential masterclass in Solar Photovoltaic (PV) Installation.The micro-credential is in collaboration with Stardust Solar, an award-winning, registered provider of the North American Board of Certified Energy Practitioners (NABCEP).It includes a 20-hour portion done online...

CIBC says paying down debt is the top financial priority for Canadians heading into 2025.In its annual Financial Priorities poll, CIBC found Canadians continue to see rising costs for household goods and high interest rates as their biggest financial concerns.Keeping up with bill payments is the second biggest priority...

Barry Cavanaugh, industry-changing CEO of the Association of Science and Engineering Technology Professionals of Alberta (ASET), has announced he is retiring from the position effective as of the end of December. The engineering technology profession spans 21 disciplines and more than 120 occupations across a variety o...

This week's highlights:Equity markets re-price following 2025 rate cut guidanceForward guidance leads bonds lower, Feds preferred inflation gauge brings them back upCanadian inflation dips back below BoC's 2% targetFed signals plan to slow rate cuts after quarter-point reductionBundesbank cuts German growth forecasts, ...

Long awaited residential construction will soon be coming to Red Deer's Capstone neighbourhood.On Tuesday, Capstone announced the sale of 1.6-acres of land to Abbey Platinum Master Built, which marks a significant milestone in residential growth in the downtown area.The sale will now lead the way for the construction o...

The Red Deer District Chamber is reaffirming its commitment to finding a solution for homelessness in the community following the City's latest Point in Time (PiT) homeless count. According to the count, there are now at least 766 people experiencing homelessness in Red Deer, which is more than double the reported 334 ...

The Government of Alberta is pleased to share that in 2023, the Workers' Compensation Board (WCB) issued wage-loss benefits to 83 per cent of reported injured workers within 14 days of claim registration, a key achievement for the regulator. The details come from the WCB's 2023 annual report, which also said the provin...

Red Deer postal workers are angry and upset after being forced to return to work on Tuesday.For the first time in over a month, 55,000 members of the Canadian Union of Postal Workers (CUPW) returned to delivering mail across Canada after the federal government stepped in to end the strike.President of the CUPW Local 81...

Red Deer home sales were lower in November 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 110 units sold in November, down from 134 units sold in October, and 122 units sold in November 2023. Year-to-date number...

This week's highlightsEquity markets falter despite constructive backdropRate cuts, rate cuts, and possibly more rate cutsBank of Canada cuts rate by half-pointU.S. inflation ticked up to 2.7% in NovemberECB cuts rates by quarter point in attempt to boost slowing growthWeek in reviewEquity markets falter despite constr...

While mail is set to begin moving again on Tuesday as Canada Post employees return to work, key "structural issues" at the centre of the month-long strike remain outstanding heading into the next phase of negotiations.The federal government pushed to end the work stoppage last week, when Labour Minister Steve...