Business & Economy

Massive carbon capture project finally opens in Alberta

More than a decade later, a project designed to trap greenhouse gases while also boosting the oil industry in central Alberta is finally open. It was in 2009 when the Alberta Carbon Trunk Line (ACTL) ...

Jun 02, 2020

Alberta outfitters hammered by border closure

The ongoing closure of Canada's border with the United States is continuing to have a major impact on outfitters in Alberta.Steve Overguard, who owns Sundre-based Alberta Adventures along with his wif...

Jun 01, 2020

Fort McMurray floods caused over $228-million in insured damages

FORT MCMURRAY, AB - The Insurance Bureau of Canada (IBC) reports that just over a quarter of a billion dollars in insurable damages this spring.An ice jam formed on the Athabasca River on April 26 nea...

Jun 01, 2020

Alberta's economy projected to shrink by 6.8 per cent this year: report

LETHBRIDGE, AB - It may not come as a surprise to anyone at this point, but the COVID-19 pandemic will have long-lasting impacts on the Canadian economy.According to a new report from the Conference B...

May 28, 2020

Oilpatch advocates tell MPs help needs to be faster, easier to get

OTTAWA - Representatives from Canada's oilpatch say they don't know of a single energy company that has yet benefited from any of Ottawa's COVID-19-inspired loan programs. Several company ow...

May 28, 2020

Survey reveals COVID-19 impact on Sylvan Lake businesses

New survey results indicate a large majority of businesses in Sylvan Lake are experiencing negative impacts from the COVID-19 pandemic.The survey, conducted by the Town of Sylvan Lake's economic devel...

May 28, 2020

Canada's housing market should rebound in mid-2021: CMHC

LETHBRIDGE, AB - If you are looking to buy a home, consider doing so within the next 12 months if you can.A new report from the Canada Mortgage and Housing Corporation (CMHC) says it will be about a y...

May 27, 2020

Higher prices encourage Canadian producers to boost oil production

CALGARY - Western Canadian producers are moving to restore some oil production as crude prices rise with demand thanks to the gradual opening of the world economy and OPEC and Russian output cuts.But ...

May 26, 2020

Hertz files for bankruptcy as car rentals disappear amid coronavirus pandemic

Hertz filed for bankruptcy protection Friday (May 22), unable to withstand the coronavirus pandemic that has crippled global travel and with it, the heavily indebted 102-year-old car rental company's ...

May 26, 2020

Nominations for the 2020 Business of the Year Awards

Nominations are now open for the 2020 Business of the Year Awards, organized by the Red Deer & District Chamber of Commerce and held annually in conjunction with Small Business Week.The awards are...

May 26, 2020