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Oliver rejects report calling for spending to create jobs, less focus on deficit

OTTAWA — Finance Minister Joe Oliver is rejecting a recommendation from a report issued by the C.D. Howe Institute that he focus more on creating jobs than eliminating a tiny deficit.

The report by McMaster University economics professor William Scarth argues that keeping the deficit at 0.5 per cent of GDP for the next three years could lower the unemployment rate by 0.4 per cent, or create the equivalent of 75,000 additional jobs. READ

‘Quebec is open for business’

Mario Lévesque has one word for oil and gas companies looking for new development opportunities. Quebec. READ

Cielo announces investor for waste-to-fuel refinery

Cielo Waste Solutions Corp. says it has entered into a joint venture agreement with a Toronto-based investor for funding for its first commercial-scale waste-to-fuel refinery. READ

Student residence also aimed at conference industry

Olds College Centennial Village, which should be ready to house students by the fall of 2015, is being developed with an eye to the conference industry. READ

Second busiest June ever for local realtors

The Central Alberta Realtors Association is reporting that last month was its second busiest June ever, and the fourth highest sales month for the region on record. READ

Local crops could use more moisture

Mark Cutts’ weather wish isn’t one shared by golfers and others who favour clear skies. “A rain would be welcome,” said the Alberta Agriculture and Rural Development crop specialist. READ

Loonie stronger than expected in July

TORONTO — The recent strength of the Canadian dollar has been a surprise, given that many economists expected it to stay weak throughout much of the year. READ

'Serially disappointed’ about economy, Poloz keeps stimulative rates in place

Bank of Canada governor Stephen Poloz says the economy is still not strong enough to stand on its own and will likely need the boost from super-low interest rates for longer than he thought even three months ago. READ

Minimum wage in 2013 same as 1975 in constant dollars: Statistics Canada

The average minimum wage has remained unchanged in real terms for almost four decades, but economists say more recent increases are likely to continue in the coming years. READ

The best investments aren’t always Canadian

“Derek, my neighbor says it is safer to invest in Canadian companies. Is that true?” While I enjoy a good hockey game with some bacon and maple syrup as much as the next Canadian, I’m not always as patriotic when it comes to my investment choices. READ

Air Spray busy during fire season

With forest fires raging in Alberta, British Columbia and the Northwest Territories — as well as in the United States — Air Spray Ltd. has been moving its aircraft like chess pieces in an effort to defeat the flames. READ

Building blitz in Blackfalds

If residential growth is an indicator of economic health, the town of Blackfalds is hale and hearty. READ

Record-breaking residence

The record for most expensive home in Red Deer has passed from one Anders on the Lake property to another. READ

Stantec Executive Place sold to Cochrane company

One of Red Deer’s most prominent buildings has changed hands. Stantec Executive Place has been sold to Grand Central Properties Inc., a Cochrane company that owns more than a half-dozen commercial and public facility buildings in that town READ

Unemployment rate rises to 7.1 per cent in June; job losses among young

The Canadian economy’s capacity to generate meaningful job growth continued to fall short of expectations last month — particularly in Ontario — as employment surprisingly fell by 9,400 nationally in June and by 33,900 in the country’s most populous province. READ

Kenney to consider local exemptions to TFW program after provincial complaints

Employment Minister Jason Kenney said Friday he’s willing to consider “local exemptions” to his recent overhaul of the temporary foreign worker program. READ

Western provinces say they badly need temporary foreign workers

Western provinces have a genuine, pressing need for skilled labour and the federal government’s recent overhaul of its temporary foreign worker program goes too far, the interim Alberta premier said Thursday. READ

New strain of clubroot can infect resistant canola

A plant pathologist with Alberta Agriculture and Rural Development says the canola industry is better prepared to deal with a new strain of clubroot than it was when the disease first arrived in Alberta a decade ago. READ

With Saskatchewan, N.B. on board, Ottawa says national regulator soon a reality

Finance Minister Joe Oliver welcomed the addition of Saskatchewan and New Brunswick to the federal drive to create a national securities regulator, setting up a timetable to have the new office in operation by the fall of 2015. READ

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