Local news delivered daily to your email inbox. Subscribe for FREE to the rdnewsNOW newsletter.

Business

Meeting requested
Fourth site for future permanent shelter no longer on table; focus placed on province
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...
3h ago
Read More
Sponsored
Market Watch: March 15
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...
4h ago
Read More
110 Units Sold
February brings increase in Red Deer home sales
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...
Mar 15, 2024
Read More
6.9 per cent
Red Deer region's unemployment rate drops in February
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...
Mar 13, 2024
Read More

Business

Provincial Politics
Alberta amending tax rules to offer $5,000 incentive to out-of-province workers
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...
Mar 13, 2024
Read More
But At A Slower Pace
Canadian farmland value rises again in 2023, finds report
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 ...
Mar 12, 2024
Read More
Bringing the best and brightest
Province invests $20 million in grant programming for graduates creating new technologies
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...
Mar 11, 2024
Read More
Sponsored
Market Watch: March 8
This week's highlightsAI fueled tech rally takes a breather as further signs of a soft-landing emergeTreasury yields lower following Fed comments and strong jobs reportBank of Canada holds interest rate steady, offers few hints about timing of cutsFed Chair still expects rate cuts this year, but inflation progress 'not...
Mar 11, 2024
Read More
CyberAlberta
Alberta government hunting down cyber threats with new website
Officials with the provincial government have announced a new website that connects Alberta cybersecurity leaders and supports organizations as they respond to threats.Government officials say the global cybersecurity landscape has changed significantly. The introduction of sophisticated tools, artificial intelligence ...
Mar 07, 2024
Read More
field & forge, co-op liquor partner up
Central Alberta beer supports Int'l Women's Day and Dress for Success
Central Alberta-made beer is once again raising funds and awareness for Dress for Success this March. For the fourth year, Innisfail's Field & Forge has crafted a new brew that will launch in local Co-op liquor stores March 8, which is also International Women's Day. Two dollars from the sale of every 'Class'd Up O...
Mar 07, 2024
Read More

Business

$4.8 million
Building permit values in Red Deer decline in February
The City of Red Deer says building permit values decreased this February.Last month, 72 permits were approved valued at $4.8 million, compared with 98 permits issued in February 2023 worth $14 million.Year-to-date values are also lower in 2024, with current values at $12 million, compared with $18.8 million at this tim...
Mar 06, 2024
Read More
Lemonade Day June 22, 2024
Lemonade Day Youth Entrepreneur registration now open in Sylvan Lake
Lemonade Day is back on June 22, 2024. Officials with the Town of Sylvan Lake are inviting young Lakers to launch their own small business - a lemonade stand! Organizers say fun, hands-on experiences teach business planning, budgeting, and goal setting. The Town says young bosses will serve customers and make hard-earn...
Mar 06, 2024
Read More
'Price Pressures Still Persistent'
Bank of Canada holds key rate steady at five per cent, says too early to cut
The Bank of Canada is holding its key interest rate steady at five per cent today, arguing it is still too soon to start lowering rates.The central bank says inflation has continued to ease and the economy is weakening but underlying price pressures are still persistently high.Canada's inflation rate dropped to 2.9 per...
Mar 06, 2024
Read More
World of Choices Summit
Red Deer Polytechnic empowering the next generation of apprentices
Red Deer Polytechnic (RDP) recently provided 55 high school students in central Alberta with an opportunity to explore careers in skilled trades at the World of Choices Summit. At the event, organizers say the high school students learned about careers in Carpentry, Heavy Equipment Technician and Welding through intera...
Mar 04, 2024
Read More
Sponsored
Market Watch: March 1
This week's highlightsAI fueled tech rally continues to propel indices to new highsBond yields move lower following release of inflation and consumer sentiment dataCanada's economy tops fourth-quarter growth forecastsU.S. Federal Reserve's preferred inflation gauge picked up in JanuaryGerman consumer confidence ticks u...
Mar 04, 2024
Read More
Accountability & forward-thinking
Red Deer & District Chamber of Commerce describe provincial budget as "a good balance"
The Red Deer & District Chamber of Commerce says they find the provincial government's 2024-25 budget to be a good balance, reflecting a commitment to accountability and a forward-thinking approach. Despite a projected surplus, they believe the government's emphasis on fiscal responsibility, spending restraint, and...
Mar 01, 2024
Read More

Business

Fraud Prevention Month
Real Estate Council of Alberta speaks to Red Deerians about fraud prevention in property
With the ever-increasing need for housing, the Real Estate Council of Alberta (RECA) spoke to Red Deerians on Thursday of common property-related frauds and increasing trends.March is also national Fraud Prevention Month, with this year's theme as "20 years of fighting fraud: From then to now", to help Canadi...
Feb 29, 2024
Read More
national corridors still a priority, feds say
Alberta's Minister Dreeshen meets with transportation counterparts in Montreal
Alberta's Minister of Transportation and Economic Corridors says a trip to Montreal last week allowed for a chance to discuss with provincial, territorial and federal counterparts, concerns about the National Trade Corridors Fund (NTCF).This comes after comments from federal Minister of Environment and Climate Change, ...
Feb 29, 2024
Read More
Budget Day February 29, 2024
Budget shoes video and photo release
The Alberta government has released a video featuring Nate Horner, finance minister and president of the Treasury Board, highlighting how the upcoming budget will grow Alberta's economy responsibly and sustainably. In the video, provincial officials say the finance minister wears new boots purchased from Calgary's Albe...
Feb 27, 2024
Read More
Tech Sector Growth
Provincial officials say Edmonton tripled venture capital investment in 2023
The provincial government says Alberta's tech sector continues its strong momentum, with Edmonton seeing its strongest growth ever, proof that Alberta remains a hot tech market. As global and national investment have declined, provincial officials say Alberta has remained a strong tech market and is showing continued l...
Feb 23, 2024
Read More
facilitating connections
Red Deer Polytechnic holds Future of Work Career Fair and Conference
Red Deer Polytechnic (RDP) will be holding on campus their Career Fair and Conference on February 27. The event aims to create opportunities for students, employers and community members to engage in meaningful dialogue about employment and trends in the labour market. "At Red Deer Polytechnic, we are proud to off...
Feb 22, 2024
Read More
Potato company in Alberta expanding to produce more ready-to-cook spuds
A company has qualified for Alberta's Agri-Processing Investment Tax Credit program by building a new facility to produce ready-to-cook spuds.The Little Potato Company is building a new $39.5 million project in the hamlet of Nisku. The goal is to double its processing capacity and produce more packaged potatoes with se...
Feb 22, 2024
Read More

Business

In Effect For Five Years
Alberta signs MOU for energy cooperation with Ukraine
Standing in solidarity, provincial government officials say Alberta and Ukraine's Ministry of Energy have signed a memorandum of understanding (MOU) to establish closer collaboration and support in the energy sector. The Alberta government says the new partnership will focus on sharing knowledge, expertise and best pra...
Feb 22, 2024
Read More
YQF
Red Deer Regional Airport prepares for transition in leadership
The Red Deer Regional Airport is gearing up for a significant transition in leadership as CEO Graham Ingham steps aside. Airport officials say Ingham, who has led the organization for over seven years, leaves behind a legacy of strategic vision and accomplishment.Acknowledging Ingham's pivotal role in the airport's gro...
Feb 22, 2024
Read More
8.2 per cent
Red Deer region sees another rise in its unemployment rate
The Red Deer region's unemployment rate climbed higher last month to remain once again, the highest in the province. According to Statistics Canada, the Red Deer region's jobless rate in January was 8.2 per cent, up from 7.9 per cent in December and 7.7 per cent in January 2023. That compares to unemployment rates of 7...
Feb 21, 2024
Read More
Sponsored
Market Watch: February 16
This week's highlightsU.S., international markets diverge on a recalibration of expectationsBond yields move higher following inflation readingsCanadian building permits dropped 14% in December from NovemberU.S. consumer prices rose more than expected in JanuaryEurozone industrial production unexpectedly expands amid s...
Feb 21, 2024
Read More
Vacant Spaces Grant
Rental incentive grant returns to attract entrepreneurs to downtown Red Deer
Red Deer's Vacant Spaces Grant program returns to offer up to $10,000 in rental subsidy for entrepreneurs looking to set up shop downtown.New in 2023, officials say the City of Red Deer's Vacant Spaces Grant incentivizes the development of a unique, well-invested downtown where people and businesses can thrive. The Cit...
Feb 16, 2024
Read More
Staying In The Loop
Town of Sylvan Lake announces Centennial Street modernization information webpage launch
The Town of Sylvan Lake has announced the launch of its Centennial Street modernization information web page. Town officials say the Centennial Street project is an investment in the future of Sylvan Lake's downtown. The project upgrades Centennial (50) Street from Lakeshore Drive to 48 Avenue. Upgrades include new sur...
Feb 16, 2024
Read More