Category Archives: Business

Parkland Fuel buying 75 per cent stake in SOL Investments for $1.57 billion
CALGARY – Parkland Fuel Corp. says it will acquire a 75 per cent stake in SOL Investments Ltd., an independent fuel marketer in the Caribbean, for $1.57 billion under an agreement with its curre...
Oct 10, 2018

School expansion project helps lift September building permit values
The expansion project at St. Patrick's Community School helped lead a jump in building permit values last month in Red Deer. Numbers released Tuesday by The City of Red Deer show 93 building permits w...
Oct 09, 2018

Aurora Cannabis applies to list shares on NYSE
EDMONTON- Aurora Cannabis Inc. has applied to list its shares on the New York Stock Exchange. The Edmonton based marijuana company says the listing is subject to the approval of the NYSE, and the sati...
Oct 09, 2018

Market Watch - Oct. 5, 2018
U.S. Stocks Tumble as Bond Yields Hit Multi-Year Highs U.S. stocks declined sharply on Thursday as U.S. Treasury yields rose to their highest level in more than seven years on robust economic data and...
Oct 07, 2018

Red Deer area unemployment rate rises in September
RED DEER- The Red Deer area unemployment rate rose to 7.2% in September. That is a rise of half a percentage point from 6.7% in August. The Alberta rate also climbed from 6.7% to 7.0%. The latest nati...
Oct 05, 2018

Precision Drilling to buy Trinidad Drilling in friendly deal valued at $1 billion
CALGARY- Trinidad Drilling shares rose to their highest level in nearly six months on Friday after Precision Drilling came to its rescue with a friendly takeover offer valued at $1.03 billion, includi...
Oct 05, 2018

LNG project boosts gas industry confidence but not short-term gas prices
CALGARY - The approval of Canada’s first LNG export terminal is expected to boost investor confidence in Western Canada’s natural gas sector. But the LNG Canada project’s ability to ...
Oct 02, 2018

Market Watch - Sept. 28, 2018
Fed Raises Rates as Expected; Loonie Weakens Over NAFTA Uncertainty As expected, the U.S. Federal Reserve hiked interest rates Wednesday afternoon and signaled one more increase for December. U.S. sto...
Sep 28, 2018

RDC hosts Backpacks to Briefcases conference
Hundreds of RDC students are learning more about career-relevant insight from industry experts during the 8th annual Backpacks to Briefcase conference on Thursday. College officials say the all-day pr...
Sep 27, 2018

Trans Mountain CEO says pipe construction could restart in 2019 on NEB timeline
CALGARY - The president and CEO of Trans Mountain Corp. says its sidelined pipeline project could be back on track by next year under a new National Energy Board hearing schedule, setting it up for a ...
Sep 26, 2018