Find us on Facebook Follow us on Twitter

LATEST NEWS:

Business

Canadians spend economy to 3.1 per cent annualized pace in second quarter

OTTAWA — With last winter’s harsh weather behind them, Canadians opened their warmed up wallets in the second quarter, spending the economy to an annual growth rate of 3.1 per cent, beating analyst expectations.

Statistics Canada said Friday the increase in the gross domestic product was the strongest pace in nearly three years and compared with a 4.2 per cent rise in GDP south of the border. READ

Minimum wage rise won’t have big impact locally

Red Deer’s strong labour market means the impending increase to the minimum wage will have limited impact, according to the Red Deer and District Chamber of Commerce. READ

Brad Wall says time to scrap ’dumb’ trade rules as West launches review

The premiers of Canada’s three western provinces announced Thursday they’re going to review the remaining trade barriers between them as part of their New West Partnership. READ

Canadians pay more than $500M in fees a year for paper bills, statements: report

Canadians are probably paying more than half a billion dollars a year to receive printed bills and bank statements by mail, according to the Public Interest Advocacy Centre. READ

Rogers and Shaw launch video-on-demand service called 'Shomi’

Two of Canada’s top telecommunications companies have teamed up to launch a subscription video-on-demand service they say can rival the current industry titan Netflix without cannibalizing their own cable and television-on-demand services. READ

Tim Hortons and Burger King to join forces to form a new company

Burger King and Tim Hortons are teaming up in a US$11-billion deal that will allow the fast food companies to grow in the U.S. and internationally, but promises no changes to Canadians’ morning coffee. READ

Tim Hortons, Burger King shares surge, traders anticipate tax friendly merger

Shares in Burger King and Tim Hortons have jumped dramatically on news the two fast-food companies are talking about joining forces, a move that could help the iconic coffee and doughnut chain improve its chances of expanding successfully in the U.S. READ

Busy summer winds down

As the field outside my window turns a golden shade, it reminds me summer’s warm days are numbered and harvest is on the horizon. It’s great to see the crop here still standing, considering the number of hailstorms that have swirled about. READ

July home sales set record

July home sales in Central Alberta were as hot as the weather, with a record-breaking number of houses sold. READ

Oilsands, deepwater among riskiest energy plays in the world, report says

Some of the world’s costliest energy projects are in Alberta’s oilsands and some could be cancelled without higher oil prices, according to a new report by a financial think-tank that focuses on climate risk. READ

Whoops! Make that 42,000 July jobs, not 200, Statcan says in corrected report

The once-unimpeachable reputation of the country’s national number-cruncher suffered a body blow Friday when Statistics Canada was forced to issue a major correction to its flagship employment survey. READ

Confusing sanctions regime irks industry

Industry players say the tangle of lists that Canadian financial institutions rely on to sanction terrorists, tyrants and other troublemakers are confusing and often out of date. READ

Dots closing in October

It’s the end of a clothes-shopping era for many Central Alberta women with the pending closure of the Dots Discount Designer Wear store in downtown Red Deer. READ

New EI claims put on hold while Statistics Canada figures out jobs numbers

An error in the jobs report issued last week by Statistics Canada has resulted in a freeze on new employment insurance claims. A government official says the processing of new EI claims is being put on hold until the agency fixes the mistake. READ

Auction mart sold

A Ponoka auction mart that’s been selling cattle and other livestock since 1957 has been sold itself. READ

Statistics Canada suggests it botched July jobs numbers, new figures to come

Statistics Canada says it made an error in formulating its July jobs numbers. READ

Finance minister talks of 'prudent’ spending, tax relief in pre-election budget

With a multi-billion dollar surplus just around the corner, federal Finance Minister Joe Oliver suggests the spending tap is about to be slowly turned back on in Ottawa — just in time for a general election. READ

Moscow ban on food imports is short-sighted, belligerent: industry minister

The federal industry minister says Moscow’s decision to close its borders to western agricultural imports is a short-sighted move that will hurt Russia most. READ

Canada sees drop in full-time jobs in July, 35,400 stop looking for work

Trouble in Canada’s anemic jobs market continued into July as a paltry 200 jobs were added during the month, falling spectacularly short of expectations. READ

Death knell sounding for unpaid internships? NDP MP says tide may be turning

Bell Mobility has at least temporarily scrapped a controversial program that recruits hundreds of interns each year to work without pay at the company, one of Canada’s largest and most profitable telecommunications firms. READ

NEXT PAGE
follow us on twitter

Featured partners