Business & Economy

Alberta alters rules on oil production limits to spur more conventional drilling

EDMONTON - Alberta's energy minister says the government is adjusting its rules on oil production limits to give producers incentive to drill more conventional wells. Sonya Savage says, star...

Nov 08, 2019

MARKET WATCH: Nov. 8

Big PictureU.S. Markets Post Record-Closing Highs; TSX Extends Winning Streak It was an auspicious start to this week's trading as all three major U.S. indexes posted record-closing highs on Monday, e...

Nov 08, 2019

Red Deer area unemployment rate drops in October

RED DEER- The Red Deer area unemployment rate fell in October to 7.3%.That is down from 8% in September.The Alberta rate rose a tenth from 6.6 to 6.7%.Nationally, the number of people working across C...

Nov 08, 2019

All eyes on canola after China lifts ban on Canadian pork, beef

Fresh off this week's announcement that Canadian beef and pork exports to China will soon be resuming, Alberta's Agriculture and Forestry Minister is cautiously optimistic that the same will soon happ...

Nov 07, 2019 Alberta Agriculture and Forestry Minister Devin Dreeshen speaks to 200 canola, wheat, barley and pulse growers during the Team Alberta Breakfast event held at the Cambridge Red Deer Hotel and Conference Centre on Thursday.

Encana reveals Denver will be its new headquarters after leaving Calgary

CALGARY - Encana Corp. says its new head office will be in Denver following a reorganization that will include changing its name to Ovintiv.The Calgary-based company didn't say which city would be its...

Nov 07, 2019

Red Deer building permit values remain lower than last year

Building permit values were down significantly in Red Deer last month, despite an increase in the total number of permits issued.According to City officials, 106 permits were issued in October with a ...

Nov 05, 2019 (Canadian Press)

Western oil prices slip as Keystone pipeline leak cleanup continues

Prices for Western Canadian Select oil continued to soften on Monday as TC Energy Corp. reported recovering about half the crude that leaked from its Keystone pipeline in North Dakota last week.Spokes...

Nov 04, 2019 Damage from a pipeline leak in a field near Edinburg, N.D. is seen in this undated handout photo. Prices for Western Canadian Select oil continued to soften on Monday as TC Energy Corp. reported recovering about half the crude that leaked from its Keystone pipeline in North Dakota last week. . THE CANADIAN PRESS/HO, TC Energy Corp.

Upgrades for Red Deer Regional Airport terminal

Construction has begun at the Red Deer Regional Airport to convert the existing terminal into a full-service FBO (Fixed Based Operator), in partnership with Tucana Aviation.The term FBO is given to an...

Nov 04, 2019 Pictured from left to right: Graham Ingham (Red Deer Regional Airport), Tony Hunley (Tucana Aviation), Jim Freake (Tucana Aviation) (Photo supplied)

Edge Investment Forum brings business and investors together at CFR

Investors and local businesses looking to grow their operations and explore new opportunities came together at the Harvest Centre at Westerner Park on Wednesday.The Edge Investment Forum was hosted by...

Oct 31, 2019 Roughly 100 local business people and over a dozen investors gathered at the Harvest Centre at Westerner Park on Wednesday for the Edge Investment Forum hosted by Central Alberta Access Prosperity during CFR46.

Red Deer Downtown Business Association welcomes new board members

The Red Deer Downtown Business Association (DBA) is welcoming three new members to its Board of Directors. The following individuals will join existing members Kerstin Heuer, Dulcie Timmons, Julie Oli...

Oct 31, 2019