Category Archives: Business

Olymel announces support for processing plant workers
Olymel is announcing support measures for its Canadian facilities in order to support the efforts of its employees and continue to supply food to the citizens affected by the current health crisis.The...
Mar 24, 2020

WestJet lays off 6,900 employees
LETHBRIDGE, AB - Nearly half of all of WestJet's workers are no longer employed by the company."Today, 6,900 WestJetters are receiving notices confirming early retirements, early outs, and both volunt...
Mar 24, 2020 WestJet plane at the Lethbridge Airport. (Lethbridge News Now)

Central Alberta home sales down year-over-year in February
Despite a larger number of properties for sale throughout central Alberta last month, the number of properties being sold and their values have come down from the same month last year.That according t...
Mar 24, 2020

ENMAX purchases Emera Maine for $1.286 million
ENMAX Corporation announced on Tuesday that the transaction to purchase Emera Maine for $1,286 million CAD ($959 million USD) from Emera Inc. (TSX: EMA) has successfully closed.Including the assumed d...
Mar 24, 2020

Suncor cuts $1.5 billion from budget to cope with low oil prices, COVID-19 impact
Suncor Energy Inc. is cutting its 2020 capital spending budget by $1.5 billion or 26 per cent to a range between $3.9 billion and $4.5 billion.The Calgary-based producer and refiner is putting several...
Mar 24, 2020

Servus Credit Union announces COVID-19 financial relief program
Servus Credit Union has now joined the ranks of many other financial institutions across Canada in launching a financial relief program aimed at supporting its members who may be experiencing financia...
Mar 23, 2020

Alberta liquor and cannabis retail stores will continue to operate
Liquour and cannabis stores throughout Alberta have seen increased foot traffic, but store owners still believe closures or delays could possibly be on the horizon.Alberta Cannabis notified shoppers o...
Mar 21, 2020

Alberta beef industry in good shape to deal with COVID-19
MEDICINE HAT, AB - There are few industries - and likely none in Alberta - which have more experience dealing with quarantines than the provincial beef industry.According to the president of the Canad...
Mar 21, 2020 (Photo: Lethbridge News Now)

MARKET WATCH - Mar. 20, 2020
Big PictureMarket Sell-Off, Extreme Volatility Continue as Economies Grind to a HaltMarkets continue to experience steep declines and volatility, despite a series of measures taken by central banks. O...
Mar 20, 2020

Chamber offering support for employers, workers during COVID-19 pandemic
The Red Deer and District Chamber of Commerce has created an "information pipeline," of sorts, on how to guide local employers and their staff through the COVID-19 pandemic.Chamber CEO Rick More says ...
Mar 20, 2020