Category Archives: Business
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)
Report ranks WestJet most punctual airline in Canada
A travel data provider ranks WestJet Airlines Ltd. as the most punctual airline in Canada.OAG's annual report regarding on-time performance says the Calgary-based carrier placed sixth among carriers i...
Jan 03, 2020
Top CEOs made as much as average worker earns in a year by mid-morning Thursday
OTTAWA - Canada's 100 highest-paid chief executives were paid record amounts in 2018 in comparison to the employees beneath them, according to a new report released Thursday. The Canadian Centre for P...
Jan 02, 2020
AltaGas may be forced to increase stake in energy handling firm Petrogas
AltaGas Ltd. says it may be forced to increase its ownership share in Petrogas Energy Corp., an oil and gas liquids handling firm that owns and operates a propane export terminal in Washington state. ...
Jan 02, 2020 AltaGas’ Townsend facility (Photo: AltaGas Ltd.)
Cautious optimism for local real estate market in 2020
The new president of the Central Alberta Realtors Association (CARA) is describing 2019 as a slight improvement over the year previous for the local real estate market.However, Allan Melbourne says th...
Jan 02, 2020 Allan Melbourne, president, Central Alberta Realtors Association for 2020. (Supplied)
Another downtown business calls it quits after break-in
Another business in downtown Red Deer is closing up shop.Games Music, which has operated downtown since the late 80s, announced Thursday they had been the victim of a break-in, and that the incident w...
Dec 23, 2019 Tony Redelback, owner of Games Music, stands in front of his Ross St. business and a smashed in window from a break-in earlier this month. (rdnewsNOW/Josh Hall)