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Red Deer Future Shop won’t rebrand

Red Deer’s Future Shop will not be rebranded as a Best Buy, says a spokesperson with Best Buy Canada.

Best Buy Canada, which is a subsidiary of the U.S.-based company Best Buy Co. Inc. that owns and operates the Best Buy and Future Shop stores in Canada, announced on Saturday that all 131 Future Shop outlets in Canada were being closed as of that day. Sixty-six of these will remain closed, it said, and the remainder will transition into Best Buy stores and reopen in about one week. READ

Regional economic reps attend U.S. investment summit

Representatives from a regional economic development group rubbed elbows with prospective investors from around the world last week in Washington, D.C. Mitch Thomson and Dale Barr attended the SelectUSA Investment Summit on behalf of Central Alberta: Access Prosperity. The event attracted people from more than 80 countries and from across the United States. READ

Pair of Advocate special sections honoured by Newspaper Canada

A pair of special sections produced by the Red Deer Advocate have placed first and second in Newspaper Canada’s 2015 Best Idea Awards. Topping the field in the Small Market Daily Newspaper category was Momentum, which was published by the Advocate last June. It profiled men and women from the Red Deer area who have distinguished themselves nationally and internationally. READ

Future Shop closure illustrates challenges facing Canadian retailers

The sudden closure of Future Shop electronics stores demonstrates the evolution taking place in the Canadian retail space amid increased competition from online shopping, analysts say. READ

Canada Post returns to profit in 2014; revenue higher, costs lower than 2013

Canada Post Group returned to profitability last year as the postal service cut costs and raised revenue with higher stamp prices and increased demand from Canadians having their online purchases shipped to them. READ

‘I want to help Canadian people’: Chinese medicine practitioner had a long journey to open new clinic

When Ning Li opened his Red Deer Acupuncture & Chinese Herbal Clinic earlier this month, it marked the culmination of a journey that’s spanned a decade and two continents. READ

Making connections across the pacific

A Red Deer architect is building bridges between his firm and its counterparts in China. George Berry of Berry Architecture & Associates crossed the Pacific last month in hopes of developing relationships with Chinese architectural firms. He was accompanied by his friend Yi Yang, an electrical engineer from Edmonton who grew up in the Asian country and has family there. READ

Mastermind Toys coming to Red Deer

You’d be hard pressed to find a kid who wouldn’t want Jon Levy’s job. The CEO of Mastermind Toys also serves as the Ontario-based retailer’s chief merchant — or head toy buyer. And the effort that he and the business’s other buyers put into their jobs is one of the things that sets Mastermind Toys apart, said Levy. READ

Saputo to upgrade downtown plant

Saputo Dairy Products Canada is preparing to modify its downtown plant. On Wednesday, the dairy processor received site development approval from Red Deer’s municipal planning commission for a number of additions to its longtime facilities at 5410 Gaetz Ave. These include a 7,080-square-foot warehouse, a 2,200-square-foot waste water storage area, a 1,700-square-foot equipment cleaning room and a 540-square foot silo access corridor. READ

Oil companies come forward for Red Deer Oil & Gas Expo despite turmoil

It’s not the economic backdrop that Dwayne McArthur wanted in the months leading up to the 2015 Red Deer Oil & Gas Expo. But the organizer of the show, which will take place Sept. 17 to 19 at Westerner Park, said many energy companies are stepping forward despite the turmoil caused by low oil and gas prices. READ

Commercial and office vacancy stable

If Red Deer’s economy is being hurt by low energy prices, the pain hasn’t yet radiated to the rental markets for commercial and office space. READ

Innovation the key in the world of greenhouses

With hints of spring in the air, the urge to get in the dirt awakens in farmers and gardeners alike. READ

$1.3M pledged for hydrology model

The federal government has pledged $1.3 million toward the development of a hydrology model that could help predict the frequency and severity of future flood and drought events in Alberta. Wetaskiwin MP Blaine Calkins announced the funding on Tuesday at the Lacombe Research Centre. The money will be provided under the federal-provincial Growing Forward 2 program, with the Lacombe-based Alberta Federation of Agriculture overseeing the project. READ

Nexen, owned by China’s CNOOC, to cut 400 jobs amid industry downturn

CALGARY — Nexen Energy ULC, the Canadian company acquired by China’s CNOOC Ltd. more than two years ago, is cutting 400 jobs. It says 340 of those will be in North America and the rest are with its U.K. North Sea operations. And of the North American job cuts, 300 are in Canada, where Nexen is active in the oilsands and in Western Canadian shale fields. READ

Unemployment unchanged in Red Deer region

The Red Deer region appears to have avoided the brunt of a provincewide wave of job losses last month — at least on the face of the latest Statistics Canada figures. READ

Olds boasts fastest downloads in the country

Olds has been dubbed “Canada’s capital of broadband Internet download speeds” by the Huffington Post. READ

Anow is changing real estate appraisal

When the youthful software developers at Anow need a break, they might challenge a coworker to a game of ping pong or foosball, play video games or practise their golf chipping. READ

High Arctic generated record revenues

High Arctic Energy Services Inc. (TSX:HWO) generated record revenues in 2014, the Red Deer-based company reported on Thursday. The company had revenues of $171.8 million for the year ended Dec. 31, up 13 per cent from $152.7 million in 2013. Net earnings were $28.2 million, a 15 per cent improvement over the preceding year; and net earnings per basic share were 54 cents, up from 51 cents. It paid dividends of $9.4 million during 2014. READ

Number of foreign workers in Canada tripled between 2002 and 2012: PBO

OTTAWA — The number of foreign workers in Canada tripled between 2002 and 2012 — although they still made up less than two per cent of the overall labour force, the parliamentary budget office reported Thursday. READ

Dairy supply management system lauded

A vocal proponent of Canada’s supply management system received an enthusiastic round of applause at the Western Canadian Dairy Seminar in Red Deer on Wednesday. READ

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