Business

Red Deer unemployment rate 10.6% for April

The unemployment rate for the Red Deer region for the month of April was 10.6 per cent.That's an increase from 10.2 per cent in March and is tied with Edmonton for the highest regional unemployment ra...

May 07, 2021

Alberta eases security payment burden for oilsands companies

EDMONTON - Alberta is changing how it calculates the payments oilsands mines make to ensure there's enough money to clean up the mess they leave behind. The province says the decision is in reaction t...

May 06, 2021

Peace Region pipeline expansion project granted federal approval

The federal government has given the stamp of approval to the NOVA Gas Transmission Ltd. (NGTL) North Corridor System Expansion Project in the northern Peace Region.Minister of Natural Resources Seamu...

May 04, 2021

Building permit numbers up in April

The number of building permits issued in the city of Red Deer last month was up compared to the same month last year.According to City officials, there were 123 approved permits in April, compared wit...

May 04, 2021

Alberta updates Forestry Act

The provincial government says changes to the outdated five-decade-old Forests Act will bolster Alberta's competitive forest sector by supporting reliable and consistent access to trees. These changes...

May 03, 2021

Peavey Mart breaks ground on new 'flagship' Red Deer location

Construction is officially underway for Peavey mart's new flagship store in south Red Deer. A groundbreaking ceremony for the project was held on Monday at 2810 Gaetz Avenue, where the 40,000-square-f...

May 03, 2021

Alberta's GDP fell 8.2% in 2020, hardest-hit province in Canada

LETHBRIDGE, AB - To say that this past year has been tough for the economy is an understatement.Stats Canada has released its full report on real GDP across the country for 2020 and Canada did not far...

May 03, 2021

Market Watch: April 30

Big Picture Market Optimism Growing as U.S. Recovery Gains Steam It was an auspicious start to the week Monday with the Nasdaq setting its first record since February, as investors looked ahead to a b...

Apr 30, 2021

Statistics Canada says retail sales up 4.8% in February

Canadian retail sales climbed in February, boosted by sales at new car dealerships, gas stations and clothing stores, but economists cautioned the pandemic's third wave will again dent sales.Statistic...

Apr 28, 2021

London Drugs offering shelf space to restaurants in Alberta impacted by COVID-19 restrictions

One year after the launch of the Local Central program, London Drugs is expanding support to help local restauranteurs in Western Canada sell their house brand consumer packaged products at its retail...

Apr 28, 2021