Category Archives: Business
Alberta spending millions to promote Trans Mountain pipeline expansion
EDMONTON – The Alberta government is spending $23.4 million to convince Canadians why a major oil pipeline project is needed. The marketing campaign, Keep Canada Working, is aimed at getting peo...
Jan 18, 2019
Alberta crude oil curtailments remain unchanged despite price recovery
CALGARY - Alberta Energy Minister Marg McCuaig-Boyd says the province is leaving its oil curtailment levels at 325,000 barrels per day for now despite discounts for western Canadian crude that have na...
Jan 16, 2019
Permit fees going up despite plea from home builders
Local home builders say that given the economic challenges currently hitting their industry, now is not the time to increase costs. In a letter to the City of Red Deer, BILD Central Alberta urged staf...
Jan 15, 2019
Market Watch - January 11, 2019
Big Picture Dow, S&P 500 Exit Correction Territory; TSX Extends Rally U.S. markets registered their fifth straight session of gains on progress over U.S.-China trade talks and Fed Chair Jerome Pow...
Jan 14, 2019
TransCanada changing name to TC Energy
CALGARY – TransCanada is changing its name. The pipeline and utilities company says the change to TC Energy better reflects the scope of its operations across North America. TransCanada chief ex...
Jan 09, 2019
Bilous speaking at upcoming Chamber luncheon
Alberta's Economic Development and Trade Minister is coming to Red Deer. Deron Bilous will be at the next Red Deer and District Chamber of Commerce luncheon on Friday, January 18 to hear about the eco...
Jan 08, 2019
Aurora Cannabis reports Q4 revenue expected to be between $50M and $55M
EDMONTON – Aurora Cannabis says it expects to report second-quarter revenue of between $50 million and $55 million. Analysts had expected revenue at the marijuana producer to total about $67 mil...
Jan 08, 2019
Commercial construction boosts 2018 Red Deer building permit values
Significant commercial construction in 2018 lead to an increase in the value of building permits in Red Deer last year, despite fewer permits being issued compared to 2017. According to the latest sta...
Jan 07, 2019
Suncor reports fourth quarter production record
CALGARY – Suncor Energy says its upstream production in the last three months of 2018 hit a quarterly record. Canada’s largest integrated oil and gas company states production averaged 831...
Jan 07, 2019
Red Deer Lighting closing its doors after 32 years
A well-known local business is turning the lights off for good after more than three decades. Red Deer Lighting and Home Furnishings announced on December 26 they are shutting their doors, saying that...
Jan 04, 2019