Business

MARKET WATCH: Jan. 10

Big PictureMarkets Climb as Mideast Tensions Subside It's been an unsettling week for investors across the globe as tensions between the U.S. and Iran flared after last Friday's killing of a top Irani...

Jan 10, 2020

Slight increase in Red Deer area December unemployment rate

RED DEER- Stats Canada's December jobs report shows the Red Deer area unemployment rate rose to 6.6% last month from 6.5% in November.The Alberta rate dropped from 7.2 to 7.0%.Nationally in December t...

Jan 10, 2020

Cenovus to reclaim 1500 orphan oil wells

CALGARY- Oilsands producer Cenovus says it plans to reclaim 1500 of its abandoned oil wells in the next decade -- most of them in Alberta.Officials say that means returning the sites to the state they...

Jan 10, 2020

Changes coming to catering at Westerner Park

Westerner Park says it is making an important change to its operations. After thorough review and careful consideration, Westerner Park officials say the decision was made to pursue an outside partner...

Jan 09, 2020

Alberta Securities Commission lists top investment risks for 2020

CALGARY- A new year brings new investment opportunities, and investing is a way for Albertans to achieve their financial and retirement goals. Some investments, however, are too good to be true - and ...

Jan 09, 2020

Alberta petrochemical project cost estimate rises to about $4.9 billion

The cost of a petrochemical project near Edmonton designed to turn propane into plastic pellets to be shipped to manufacturers around the world has risen to about $4.9 billion, up about $400 million f...

Jan 08, 2020

Red Deer sees big drop in building permit values in 2019

More numbers are in that show Red Deer slugged through another tough economic year in 2019. Year-end stats released Monday by The City of Red Deer show $118.9 million in building permits were issued l...

Jan 06, 2020

Canadian oilpatch hopes float on Prairie helium drilling prospects

Calgary, AB - A veteran of Canada's ailing oilpatch is hoping a new product drawn from deep under Prairie grain fields will provide a natural resource boom for Western Canada.Marlon McDougall, 59, say...

Jan 06, 2020

Licensing costs could squeeze Uber drivers out of Red Deer

Uber says it could be on its way out of Red Deer pending the outcome of an upcoming debate by city council.The ridesharing company launched here in September 2017.On Monday, council will deliberate a ...

Jan 03, 2020 An Uber user searches for a ride in Red Deer. (rdnewsNOW file photo)

Canadian oil stocks rise as U.S. airstrike stokes fears of market disruption

Higher oil prices in the wake of a U.S. airstrike in Iraq that killed a top Iranian general were driving up share prices for Canadian energy companies and threatening higher fuel prices for consumers ...

Jan 03, 2020 (The Canadian Press)