Category Archives: Business

Feds invest $1.1 million for cleaner and safer oil and gas recovery efforts
The federal government has announced $1.1 million in funding for a clean technology innovation aimed at enhancing environmental and safety measures in oil and gas recovery. Through Western Economic Di...
Feb 22, 2018

Former CNOOC Canada CEO banned in Alberta after SEC insider trading settlement
CALGARY - The Alberta Securities Commission is banning the former CEO of the Canadian arm of Chinese oil giant CNOOC Ltd. from acting as a director or officer in the province after he settled insider ...
Feb 22, 2018

Sptiz Factory in Bow Island to close
BOW ISLAND, AB - A large employer in the County of 40 Mile in southern Alberta will be closing its doors this summer. The Spitz Sunflower Seed Factory located outside of Bow Island will close, PepsiCo...
Feb 16, 2018

Panel says 'politics' holding back investment into Canada's energy industry
Dozens of local business leaders gathered at the Radisson Hotel in Red Deer on Thursday to take in a panel discussion on the future of the energy industry in Canada and the outlook for 2018. The event...
Feb 16, 2018

ATB Financial forecasts modest economic growth in Alberta this year
CALGARY- ATB Financial is forecasting moderate economic growth this year, but no big drop in the province’s jobless rate. ATB is projecting GDP will increase by 2.8 per cent. Chief Economist Tod...
Feb 16, 2018

January building permit values nearly triple that of same month last year
Building permits issued to replace a middle school and expand a local hotel have resulted in a significant boost in building permit values in the City of Red Deer to start the new year. City officials...
Feb 10, 2018

Red Deer area unemployment rate begins 2018 at 5.5%
RED DEER- The Red Deer area unemployment rate began 2018 the same way it ended 2017. The local jobless rate for January was 5.5%, unchanged from December. The Alberta unemployment rose from 6.9% in De...
Feb 09, 2018

2018 home building season underway in Red Deer
RED DEER- CMHC is out with January housing start numbers in Red Deer. Work began on 16 single family or multiple unit homes to start 2018. That is three less than January of 2017. Elsewhere, Lethbridg...
Feb 08, 2018

Suncor Energy announces increase in profits
CALGARY- Suncor Energy is making good on its promise to return cash to shareholders, announcing a 12.5-per-cent increase to its dividend as it reports fourth-quarter income that beat analyst expectati...
Feb 08, 2018
Cattle producers to require prescriptions for livestock antibiotics
LETHBRIDGE – Health Canada is introducing important changes, which will affect the way anti-biotics can be accessed by cattle producers. As of Dec. 1, 2018, all livestock producers will need a p...
Feb 05, 2018