Category Archives: Business

Building permit values lower in July but year-to-date numbers still higher
A slight decrease in Red Deer building permit values last month when compared to the same month last year but year-to-date numbers continue to be stronger than 2017. That according to the latest stats...
Aug 03, 2018

Market Watch - August 3, 2018
Global Stocks Lag as U.S. Threatens Increased Tariffs on China Stocks fell worldwide on Wednesday as fears of an escalating trade war between the U.S. and China took hold. The Trump administration is ...
Aug 03, 2018

Better fuel margins, acquisitions drive Parkland Fuel profit, revenue beats
CALGARY - Parkland Fuel Corp. says it more than doubled revenue in the second quarter as it enjoyed higher profit margins for fuel and digested two major acquisitions completed last year. Canada’...
Aug 03, 2018

Winners opening second Red Deer store at Parkland Mall
Parkland Mall is filling a big chunk of the space left empty by the closure of Safeway nearly five years ago. Mall officials confirm Winners will be opening their second Red Deer location in the comin...
Aug 03, 2018

Drilling forecast lowered despite higher global oil prices
CALGARY - The Petroleum Services Association of Canada is cutting its 2018 Canadian drilling forecast by 500 wells as pessimism continues to grip the industry despite higher global oil prices. The org...
Jul 31, 2018

Trans Mountain pipeline work to resume in August: Kinder Morgan Canada boss
EDMONTON - The head of Kinder Morgan Canada says work is to resume next month to prepare a route for the Trans Mountain pipeline expansion. Ian Anderson says the company will secure, survey and prepar...
Jul 27, 2018

Market Watch - July 27, 2018
Big Picture By Bill Curry U.S., EU Look to Avert Trade War; Loonie Regains Ground Markets eased a sigh of relief late Wednesday and U.S. stocks surged in response to news that the U.S. administration ...
Jul 27, 2018

Husky Energy releases Q2 results
CALGARY – Husky Energy Inc. has announced a second dividend increase for 2018, following a two-year period when the company suspended the quarterly payout to shareholders due to weak market cond...
Jul 26, 2018

Suncor lowers 2018 production numbers
CALGARY- Suncor Energy is chopping its 2018 production guidance to account for a lengthy outage at the Syncrude oilsands mine and upgrader. The company says the move comes as it reports second-quarter...
Jul 26, 2018

AltaGas CEO David Harris resigns over complaint filed with company board
CALGARY – The president and CEO of AltaGas Ltd. resigned his management and board positions immediately Wednesday following an unspecified complaint under review by the company’s board of ...
Jul 25, 2018