Business

Red Deer area unemployment rate drops in November

RED DEER- The unemployment rate for the Red Deer area fell from 7.3% in October to 6.5% last month, according to the latest numbers from Statistics Canada.Provincially, the November rate rose to 7.2% ...

Dec 06, 2019

Canadian Natural budget rises $250 million on curtailment ease – additional rigs, jobs for Alberta

CALGARY - Canadian Natural Resources Ltd. says its 2020 capital budget will be $250 million higher than last year as it adds about 60 drilling locations across Alberta and puts three additional rigs t...

Dec 04, 2019

Trans Mountain pipeline will be the ‘best darn pipeline in the world,’ says CEO

The CEO of Trans Mountain says he's "a little greyer" than he was 10 years ago when planning began for an expansion of the Edmonton-to-Burnaby oil pipeline but he's still proud to oversee the official...

Dec 04, 2019 Ian Anderson, President and CEO of Trans Mountain, speaks during an event to mark the start of right-of-way construction for the Trans Mountain Expansion Project, in Acheson, Alta., Tuesday, Dec. 3, 2019. THE CANADIAN PRESS/Jason Franson

Building permit values drop in November

RED DEER- Building permits were down in November, in both the number of permits issued and their values. Last month, 62 permits were issued with a combined value of just over $11.5 million, compared t...

Dec 04, 2019

Halliburton suspending cementing operations in Red Deer and Alberta

Another American oilfield-related company is trimming its operations in Alberta. Texas-based Halliburton has announced it is suspending its cementing operations in our province at the end of this mont...

Dec 04, 2019

Canadian Natural budget rises by $250 million on curtailment ease – additional rigs and jobs for Alberta

CALGARY - Canadian Natural Resources Ltd. says its 2020 capital budget will be $250 million higher than last year as it adds about 60 drilling locations across Alberta and puts three additional rigs t...

Dec 04, 2019

Red Deer home sales down slightly in October

Home sales in Red Deer were almost on par in October compared to the same month last year. According to data shared by the Central Alberta Realtors Association, 101 homes were sold in our city in Octo...

Dec 03, 2019

Hyperloop line from YYC to YEG via Red Deer needs provincial commitment

From Calgary to Edmonton with a stop in Red Deer all in under 30 minutes?A Toronto company founded in 2015 believes they're close to making that a reality with their innovative hyperloop technology.Tr...

Nov 30, 2019 (Transpod.com)

MARKET WATCH: Nov. 29

Big PictureU.S. Markets Hit New Highs Over Trade Optimism, Strong Data Wall Street's big three indexes closed at record levels for a third straight day on Wednesday following positive trade deal news ...

Nov 29, 2019

No change in Alberta oil production quotas

EDMONTON- Alberta's UCP government says it will leave its oil production quotas unchanged in January after several months of easing the curtailments.Producers have been informed that the production li...

Nov 28, 2019