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An eco-friendly way to wrap

Toni Desrosiers is changing how food is kept fresh, one kitchen at a time. READ

PSAC revises drilling forecast

When the Petroleum Services Association of Canada issued its 2015 forecast last October, the price of West Texas intermediate crude was down to US$82 a barrel. But the industry association adopted a relatively positive outlook, predicting that oil would average $95 in 2015 and producers would drill 10,100 wells during the year — about 10 per cent fewer than in 2014. READ

Mulcair unveils more platform planks: tax relief for small biz, manufacturers

Tom Mulcair has nailed down three more planks in the NDP election platform, unveiling promises of tax relief for small business and manufacturers. READ

As mortgage rates begin to decline, brokers predict more cuts on the horizon

Mortgage brokers say Canadian banks have started cutting some of the rates they offer their most trusted borrowers, and they could come down even further as the spring real estate market gets into full swing. READ

Federal books face deficit if oil prices stay at current levels: PBO

Canada’s parliamentary budget office says Ottawa’s books will remain in the red in the coming fiscal year if battered oil prices continue to hover close to their current lows. READ

Grim outlook for oilwell drilling

An industry group representing oilwell drilling contractors has dramatically slashed its activity forecasts while predicting as many as 23,000 jobs lost. READ

The challenge of managing water risk

Water is an essential element of agricultural production. But it’s a relationship that requires a delicate balance. Too little water means a withering of growth, but too much of it can wash away hopes too. READ

Mortgage rates to decline following central bank’s rate cut: economists

Canadian homeowners have likely gained a reprieve from an expected increase in mortgage rates this year. READ

Bank of Canada shocker: key interest rate drops to 0.75% amid oil slump threat

The looming threat of sliding oil prices forced the Bank of Canada to drop its trend-setting interest rate Wednesday, a surprising move that shows just how much the country’s economic outlook has soured in a matter of months. READ

‘Where are we going to get the water?’

Arlene Kwasniak produced three maps of Alberta during a presentation at the Alberta Federation of Agriculture’s annual general meeting in Red Deer on Tuesday. READ

Proposed plan to be presented next week

Plans for the next phase of Queens Business Park will come under public scrutiny a week from today. READ

Record year for residential realty

Local Realtors closed a record number of residential deals in 2014. The Central Alberta Realtors Association has confirmed that the 5,496 Multiple Listing Service home sales completed last year was the highest tally ever for the region. READ

IMF drops forecast for Canadian economic growth amid weakened global outlook

The International Monetary Fund is downgrading its 2015 growth forecast for the Canadian economy as it lowers its overall outlook for global growth. READ

Oil-price collapse to cut $4.3 billion from federal revenues: report

The sharp collapse of world oil prices will cut the Canadian government’s income by $4.3 billion this year and deliver a nearly $10-billion blow to the provinces, says a new report Tuesday by the Conference Board of Canada. READ

Target Corp. checks out of Canada with plans to wind down 133 stores

Less than two years after Target Corp. threw open the doors of its first Canadian stores with grand expectations , the discount retailer is retreating back to the United States in defeat. READ

Federal budget to be delayed until April in light of low oil prices: Oliver

Canada’s finance minister says he will delay tabling a budget until April because of economic uncertainty caused by tumbling oil prices. READ

Total value of construction slips

The total value of construction approved by the City of Red Deer slipped last year, but closer scrutiny of the numbers presents a more positive picture. The city’s Development and Licensing Department issued $214.8 million worth of building permits last year — a 12 per cent drop from $243.3 million the previous year. READ

Decline in oil price to impact real estate in 2015, according to Royal LePage

Royal LePage says the price of a Canadian home is expected to rise by a relatively modest 2.9 per cent on average in 2015 as price appreciation slows across the country. READ

Banks bracing for possibility oil prices will remain low for prolonged time

Canadian banks are taking a hard look at their energy and consumer loans as they brace for the possibility of a prolonged period of depressed oil prices. READ

Cheap crude puts economy’s post-recession recovery at risk: Bank of Canada

The Bank of Canada says low oil and commodity prices are putting the Canadian economy’s post-recession recovery at risk. READ

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