Category Archives: Business

BoC delivers jumbo interest rate cut, signals slower pace of cuts moving forward
The Bank of Canada lowered its key interest rate by half a percentage point today but signalled a slower pace of rate cuts moving forward.The decision marked the fifth consecutive reduction since June...
Dec 11, 2024

Market Watch: December 6, 2024
This week's highlightsGlobal markets face uncertainty amid mixed economic signals and political instabilityIndecisive Fed, jobs reports drive volatility in fixed income marketsCanadian manufacturing a...
Dec 09, 2024

Alberta releases new rules and no-go zones on wind and solar projects
The Alberta government has released new wind and solar development rules it says are needed to protect the environment, food security and the province's scenery.The regulations say wind projects will ...
Dec 06, 2024

Scotia Wealth makes $12,000 donation to Alzheimer Society
The Alzheimer Society of Alberta and Northwest Territories received a substantial donation on Friday from a Red Deer division of Scotia McLeod.A donation of $12,000 from Scotia Wealth Management will ...
Dec 06, 2024

Red Deer unemployment rate rises in November
The Red Deer region saw a rise in its unemployment rate last month, increasing from 6.6 per cent in October to 6.9 per cent in November. Still well below, however, a jobless rate of 7.9 per cent in No...
Dec 06, 2024

Smith travelling to Nevada to connect with western U.S. governors
Premier Danielle Smith will represent Alberta from Dec. 6-10 at the Western Governors' Association's winter meeting in Las Vegas, Nevada. According to provincial officials, this meeting is expected to...
Dec 05, 2024

Alberta looking to be destination of choice for AI data centre development
The Government of Alberta is aiming to make Alberta the North American destination of choice for Artificial Intelligence (AI) data centre investment.Officials say an AI data centre attraction strategy...
Dec 04, 2024

Red Deer building permits continue upward trend in November
For the third month in a row, the City of Red Deer reports that building permit values continued to climb in November, with 83 permits issued at a value of $23 million; in November 2023, there were 91...
Dec 04, 2024

Market Watch: Nov. 29, 2024
This week's highlightsEquity markets advance despite tariff threats and weaker-than-expected GDPTariffs and weak GDP data rattle fixed income marketsCanada's economy grew by 1% in third quarterFed's p...
Nov 29, 2024

Prairie premiers urge action on security to fend off Trump's tariff threats
Prairie premiers are urging Canada to act on American concerns over illegal cross-border traffic of people and drugs to stave off the looming threat of 25-per-cent tariffs.Alberta's Danielle Smith, Sa...
Nov 27, 2024