Business & Economy

Federal funding to support Alberta’s plant-based food sector

LEDUC, AB - The federal government has announced a significant funding boost for Alberta's plant-based food sector.$2.6 million is going to the Food Processing Development Centre in Leduc. The governm...

Aug 12, 2020

New bylaw promotes collaboration for economic development in Lacombe

Lacombe city council has finalized what is being described as a fresh community economic development structure at their meeting on Monday. City officials say the goal of the newly crafted bylaw is to ...

Aug 12, 2020

Business closures spiked during lockdown: ATB

The number of active businesses* in Alberta was down by 9 per cent in April compared to February, according to ATB Financial.As the pandemic's grip on the economy tightened in March and April, ATB say...

Aug 10, 2020

Red Deer unemployment rate rises to 14%

The local jobless rate continues trending in the wrong direction. July's numbers show the unemployment rate for the Red Deer region reached 14%.That's up from 13.4% in June and nearly double from 7.4%...

Aug 07, 2020

Canada vows retaliatory measures as Trump restores tariff on Canadian aluminum

OTTAWA - The Trudeau government is promising to impose retaliatory tariffs on American products after U.S. President Donald Trump announced Thursday he is restoring an import tax o...

Aug 06, 2020

County reeves continue voicing concerns over oil & gas tax breaks

More municipalities in rural Alberta are chiming in after it was revealed last week that the province is considering significant tax breaks for oil & gas companies.The breaks would effectively rel...

Aug 06, 2020

Alberta invests in three emissions reduction projects

Alberta's government is investing in projects it says will help industry reduce emissions, cut costs and create much-needed jobs.The province is investing $10 million into three projects through the T...

Aug 06, 2020

Counties warn of "disastrous consequences" if province approves oil & gas tax breaks

Tax changes being eyed by the provincial government for the oil & gas industry could be the death knell, or close to it, for many of Alberta's rural municipalities.Rural Municipalities of Alberta ...

Jul 31, 2020

Expansion of Alberta coal mine will need federal review: environment minister

OTTAWA - The federal environment minister is backtracking on a previous decision to keep Ottawa out of the approval process for a major coal mine expansion in Alberta. The existing Vista mine, which i...

Jul 30, 2020

Total writes off $9.3B in Alberta oilsands assets, cancels CAPP membership

French energy giant Total says it is writing off $9.3-billion (US$7 billion) worth of oilsands assets in Alberta and cancelling its membership in the Calgary-based Canadian Association of Petroleum Pr...

Jul 30, 2020