Business

More homes selling locally but prices still trail last year

The local real estate market continues to rebound but remains still trails where it was at this time a year ago.According to the latest figures from Central Alberta Realtors Association (CARA), there ...

Jul 27, 2020

Vermilion loses $71.3 million in Q2 on 55% drop in revenues

CALGARY- There's more bleak news out of the oilpatch this morning.Vermilion Energy is reporting a net loss of $71.3 million in its second quarter on a 55% decrease in sales from a year earlier due mai...

Jul 27, 2020

Market Watch: July 24

Big Picture Market Optimism Derailed Thursday as U.S. Jobless Claims Rise U.S. stocks climbed Monday, fueled by a rally in tech stocks and promising news on two coronavirus vaccines progressing toward...

Jul 24, 2020

Suncor reports Q2 loss of $614M

CALGARY- Suncor Energy is reporting a second-quarter net loss of $614 million after it cut back on production to deal with sharply reduced crude prices amid lower global energy demand.The loss, which ...

Jul 23, 2020

Precision Drilling Q2 loss surges as pandemic weakens demand for oil

CALGARY- Precision Drilling Corp. says its second-quarter loss surged while revenues plummeted as the COVID-19 pandemic caused demand and prices for oil to dwindle.The drilling company says it lost $4...

Jul 23, 2020

Province announces strategic programs to create jobs and attract investment to tech sector

EDMONTON, AB- Alberta's government is introducing the Innovation Employment Grant (IEG).This program is going to promote economic growth and job creation by supporting small and medium-sized businesse...

Jul 22, 2020

Federal government reports $29M profit since buying Trans Mountain pipeline in 2018

The federal government says the Trans Mountain pipeline has earned net income of $29 million from operating revenues of $728 million in the 19 months since it was purchased.In an analysis, the Parliam...

Jul 22, 2020

Provincial funding for 20 projects to reduce natural gas emissions

The province is investing in 20 new projects it says will create more than 750 jobs in Alberta while also reducing emissions in the natural gas sector.The Natural Gas Challenge launched in October by ...

Jul 22, 2020

City council approves zoning swap to spur new development in Timberlands

Red Deer city council has approved the rezoning of two sections of land in the Timberlands neighbourhood in a bid to incentivize further development in the area.On Monday, council gave second and thir...

Jul 21, 2020

Council gives first reading to bylaw focusing on downtown economic development

Red Deer city council has given first reading to a bylaw aimed at improving economic activity in the downtown core.Bylaw 3357/O-2020 removes Temporary Care Facility Use from the Gaetz-Ross Heritage Ar...

Jul 20, 2020