Category Archives: Business
PSAC: Fewer wells to be drilled in Alberta
CALGARY- There will be fewer wells drilled in Alberta according to adjusted numbers put out by the Petroleum Services Association of Canada. The updated 2018 Canadian Drilling Activity Forecast calls ...
Feb 01, 2018
Statistics Canada says manufacturing helps boost economic growth in November
OTTAWA - Strength in manufacturing helped boost economic growth in November as the sector posted its largest monthly increase since February 2014. Statistics Canada said Wednesday real gross domestic ...
Jan 31, 2018
Suncor phasing in 150 autonomous haul trucks, job cuts expected by 2019
CALGARY - Suncor Energy Inc. says over the next six years it expects to deploy more than 150 electric autonomous haul trucks at its company operated-mines - a move expected to decrease its equipment o...
Jan 30, 2018
Suncor announces plans for 2018
CALGARY- Suncor Energy Inc. says it will spend between $4.5 billion and $5 billion in 2018 to deliver average upstream production of about 760,000 barrels of oil equivalent per day. The midpoint in sp...
Nov 16, 2017
Agri-Trade 2017 the best ever for some
This year's Agri-Trade show was the best ever for some exhibitors. The four-day show ran November 8-11, utilizing every square inch of available indoor space at Westerner Park, plus more outdoor exhib...
Nov 15, 2017
Ultra low-cost airline battle heats up as Canada Jetlines prepares to launch
MONTREAL - The ultra low-cost airline battle is heating up as fledgling airline Canada Jetlines prepares to take on WestJet’s efforts to regain its mantle as the country’s low-cost leader....
Nov 14, 2017
Red Deer October housing starts
RED DEER- CMHC is out with housing start numbers for Red Deer in October. Work began on 24 single family/multiple unit homes. On a year-to-date basis, there have been 211 home starts in Red Deer in 20...
Nov 08, 2017
October building permit values up over 2016
RED DEER- Building permit values in October surpassed values for the same month last year, with commercial permits leading the way. Commercial permits in October, valued at $10.2 million, nearly tripl...
Nov 08, 2017
Red Deer area unemployment rate continues to fall in October
RED DEER- The latest unemployment numbers for the Red Deer area show the rate for October was 5.3 per cent. That is down from 5.7 per cent in September. The unemployment rate for the Red Deer area in ...
Nov 03, 2017
Positive oil and gas drilling forecast for 2018
CALGARY- The Petroleum Services Association of Canada (PSAC) has released its 2018 Canadian Drilling Activity Forecast. PSAC expects a total of 7,900 wells to be drilled in Canada in 2018. For 2017, t...
Nov 01, 2017