Category Archives: Business
COVID fails to ground high spirits at Red Deer Regional Airport
Despite a battered economy and worsening COVID-19 conditions across the country, the CEO of Red Deer Regional Airport says YQF is still poised for growth moving forward.Graham Ingham admits, however, ...
Oct 30, 2020
Suncor says end of Alberta oil quotas a 'positive signal' as it reports $302M loss
CALGARY - The CEO of Suncor Energy Inc. says the Alberta government's decision to end its oil production curtailment program in December after almost two years is ``a very positive signal'' for the oi...
Oct 29, 2020
Red Deer company called upon to handle blown out gas well in India
The blowout of a major gas well in India this spring led to a call for help from a Red Deer-based company for its equipment and expertise.Piston Well Services - described as a leader in snubbing and h...
Oct 28, 2020
Red Deer County touts popularity of Junction 42
Red Deer County officials say commercial and recreational travellers are flocking to its commercial area at intersection of Hwy 2 and 42.The county says it has now recorded 100,000 visits to the Junct...
Oct 28, 2020
Province spending $50 million towards industry-funded technology jobs
EDMONTON, AB - The Alberta Government and Minister of Jobs, Economy, and Innovation, Doug Schweitzer announced on Tuesday the spending of $50 million from the industry-funded Technology Innovation and...
Oct 28, 2020
Cenovus to cut up to 25% of workforce following Husky takeover
CALGARY, AB. - Cenovus Energy Inc. is aiming to cut as many as one in four jobs potentially more than 2,000 workers if it succeeds in its $3.8-billion friendly takeover of rival Husky Energy Inc.The o...
Oct 27, 2020
Alberta to limit temporary foreign worker program to save jobs for Albertans
EDMONTON - The Alberta government is hoping to get more Albertans employed by moving to limit the number and type of temporary foreign workers it allows into the province.Labour and Immigration Minist...
Oct 26, 2020
Le Chateau plans to close all stores
Shoppers are likely to lose another option for clothes in Red Deer.Le Chateau announced Friday it is seeking to shut down all 123 locations across Canada and liquidate its assets. Bower Place Shopping...
Oct 23, 2020
MARKET WATCH: Oct. 23
Big Picture Markets Remain Focused on Prospects for U.S. Stimulus Canadian and U.S. indexes declined on Monday as U.S. lawmakers still struggled to reach an agreement on coronavirus stimulus that woul...
Oct 23, 2020
Alberta lifting cap on crude oil production by year’s end
EDMONTON, AB - The Alberta government is lifting oil production limits by the end of this year.The province says this will allow producers to utilize available pipeline capacity and create jobs. While...
Oct 23, 2020