Business

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

Olds College signs memorandum of understanding with SVG Ventures

Olds College and SVG Ventures are pleased to announce they have signed a memorandum of understanding (MOU) to support the establishment of SVG's THRIVE Canada Accelerator and start-up program focused ...

Jul 17, 2020

Market Watch: July 17

Big Picture N.A. Markets Remain Resilient, Despite Surging Coronavirus Numbers While investors continue to remain optimistic, focusing on promising vaccine news and strong earnings from some key finan...

Jul 17, 2020

Wendy’s Canada selects Coaldale greenhouse as their sole lettuce provider

COALDALE- Whole Leaf could be about to rake in some serious green.Wendy's Restaurants of Canada has announced that it is now sourcing 100 per cent of its lettuce from one particular Canadian grower."A...

Jul 16, 2020

Oilpatch optimism expected to rise as difficult second-quarter finally ends

CALGARY- Analysts say a rebound in oil prices as consumer demand for gasoline rises will buoy energy companies as they give quarterly results starting next week.But they caution that there are still t...

Jul 14, 2020

Class-action lawsuit alleges meat packer failed to take COVID-19 precautions

CALGARY - A class-action lawsuit has been filed against Cargill Ltd. that claims the meat-packing company failed to take reasonable precautions to protect its workers in Alberta during the COVID-...

Jul 10, 2020

Red Deer area unemployment rate hits 13.4% in June

RED DEER- The Red Deer area unemployment rate rose to 13.4% in June.That is up from May's 12.7%.The local unemployment rate in June of last year was 7.1%.Alberta's unemployment rate remained unchanged...

Jul 10, 2020