Business & Economy

Trans Mountain received $320M in government subsidies in first half 2019: report

VANCOUVER - The Trans Mountain pipeline received $320 million in subsidies from the Canadian and Alberta governments in the first half of 2019, says a new report by an economic institute that analyzes...

Nov 19, 2019

One year later most oil-and-gas bailout money has moved, federal government says

OTTAWA - Canada's $1.6-billion bailout package for Alberta's battered oil industry is well underway but with little transparency about who is getting the money and for what. Almost $1 billion of ...

Nov 15, 2019

MARKET WATCH: Nov. 15

Big PictureTSX, Dow Post Record Highs; U.S. Recession Fears Wane as Yield Curve NormalizesIt's been a strong week thus far for the TSX. After posting a small gain on Monday, Canada's main stock index ...

Nov 15, 2019

Planned sale of Alberta gas wells, pipelines raises cleanup concerns

The possible transfer of hundreds of sour gas wells, pipelines and other facilities from an energy giant to a much smaller company has raised concerns about Alberta's efforts to ensure taxpayers don't...

Nov 14, 2019 (The Canadian Press/Larry McDougall)

Business groups cautious about proposed Alberta provincial pension plan

CALGARY - An executive with the Retail Council of Canada says a proposal for Alberta to replace the Canada Pension Plan with a new provincial plan raises concern about the potential impact on future r...

Nov 14, 2019 Alberta Premier Jason Kenney listens to businessman at the Canadian Association of Oilwell Drilling Contractors meeting in Calgary, Alta., Wednesday, Nov. 13, 2019.(THE CANADIAN PRESS/Jeff McIntosh)

North American trade pact could be passed before year's end, Pelosi says

WASHINGTON - The most powerful Democrat in the United States Congress says she believes members of Congress could vote on the new North American free-trade agreement before the end of the ye...

Nov 14, 2019

Parkland Institute founder speaking in Red Deer about a future without fossil fuels

The founding director of the Parkland Institute will be speaking at Red Deer's Welikoklad Event Centre.Dr. Gordon Laxer's presentation, which is free for the public to attend, is called "What's next f...

Nov 14, 2019 Dr. Gordon Laxer (www.gordonlaxer.com)

Premier vows to fight for oilpatch as drillers forecast almost no growth in 2020

Premier Jason Kenney vowed Wednesday to keep fighting for Alberta's slumping oil and gas sector as the industry unveiled another disappointing drilling forecast and criticism surfaced from an unlikely...

Nov 14, 2019 (Photo: The Canadian Press/Jeff McIntosh)

Lacombe County writes off $600,000 in oil and gas property taxes

Lacombe County has been hit hard in the pocketbook by Alberta's struggling and gas industry. Last week, county council voted to cancel $599,842.35 in unpaid taxes related to oil and gas wells, pipelin...

Nov 13, 2019

Red Deer housing starts continue upward trend

Despite a downward trend in national housing starts last month, Red Deer saw a modest increase.According to Canada Mortgage and Housing Corporation (CMHC), there were 16 housing starts in Red Deer in ...

Nov 12, 2019 (Canadian Press)