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Penny stocks can be a risky venture

Derek, I heard about a great penny stock, should I invest?

The allure of getting rich in the stock market can be a very powerful incentive to invest in a small company that you may not fully understand. To be sure, there are two ways to put your hard earned savings to work – one is to invest, and the other is to speculate. If you invest, your plan typically is to earn a consistent return over the long-term. If you speculate, you’re hoping to make it rich in a very short time frame. In my experience, those who speculate tend to lose a lot of money. READ

A busy month for agriculture

All kinds of agriculture events have been front and centre the last few weeks in central Alberta. READ

Red Deer, Sylvan Lake among top business communities

Red Deer and Sylvan Lake have been ranked among Alberta’s top business communities by a business magazine. READ

Two new fitness clubs planned for Parkland Mall

Side-by-side fitness clubs operated by the same company are planned at Parkland Mall next year. Located in the former Sears site at the mall, a 63,000-square-foot GoodLife Fitness and a 12,000- square-foot Fit4Less by GoodLife are expected to open next spring. READ

An all-women brew

The latest beer to emerge from the Olds College brewmaster and brewery operations management program is a pale ale that owes its existence to a woman’s touch — or, more accurately, the touch of seven women. READ

Cineplex to offer UltraAVX

Red Deer will officially become an UltraAVX community on Friday. Movie enthusiasts will recognize the UltraAVX name as Cineplex Inc.’s premiere offering, with its sharpest picture, crispest sound and most comfortable seating. It was rolled out in a handful of Canadian theatres in 2010, and has since spread to about 60 locations. “They’ve been hugely popular,” said Mike Langdon, director of communications with Cineplex. READ

News outlet will take to cyberspace

It’s been 5 1/2 years since CHCA-TV went black and Red Deer lost its only local television station. But a former videographer and producer at the station now hopes to fill part of the lingering void. READ

Agri-Trade will have an international flavour

There will be plenty of farm talk at Westerner Park when the Agri-Trade Equipment Expo kicks off on Wednesday. But if you listen carefully, you might also hear Spanish, Turkish and other languages. READ

Bower Place Shopping Centre rebranding

Bower Place Shopping Centre has rebranded itself as Bower Place. READ

Local companies make Venture provincial list of highest revenues

Central Alberta companies have strengthened their presence on Alberta Venture magazine’s annual list of the provincial companies with the highest revenues. Parkland Fuel Corp., High Arctic Energy Services Inc. and Gamehost Inc. of Red Deer, and Agriculture Financial Services Corp. (AFSC) of Lacombe all remained on The Venture 250 for 2014, and improved their placement from last year’s list. READ

Five levels of an entrepreneur

In his online article in “The Owl” in early August, Todd Hirsch, chief economist with ATB Financial, reported some revealing statistics. In June 2014, 395,991 companies were registered in Alberta. According to Statistics Canada, nearly 60 per cent of those companies were “micro-businesses,” employing just one to four people. Another 17 per cent employed fewer than 10 people. READ

Business confidence up in August

Alberta business owners regained some of their swagger in August, according to the latest survey conducted by the Canadian Federation of Independent Business. READ

Plenty of opportunities for growing hemp

Ruth DeSantis has a word of advice for Central Alberta farmers who are tired of seeding canola and grain. Hemp. READ

Central Alberta companies making a global impact

Garett Cupples knows his way around an atlas. His company, GenTex Oilfield Manufacturing Inc., has sent oilfield heating and pumping equipment to nearly 20 countries. In fact, exports have accounted for 30 to 50 per cent of his Red Deer company’s sales over the years. READ

2013 a strong year for residential construction in Red Deer

The value of residential construction and renovation work in Red Deer jumped more than 27 per cent in 2013, according to a report commissioned by the Canadian Home Builders’ Association — Alberta. READ

Rifco still among the country’s fast-growing companies

Red Deer-based Rifco Inc. remains on Profit magazine’s list of Canada’s Fastest-Growing Companies. READ

31,000 square-foot Plaza W. unveiled at former Parsons Clinic site

Workers were putting the finishing touches on a downtown renovation project on Wednesday that transformed a drab medical clinic into an eye-catching commercial building. READ

Housing starts expected to jump in Red Deer: CMHC

Alberta and British Columbia stand in sharp contrast to the rest of the country in Canada Mortgage and Housing Corp.’s latest housing market outlook. READ

Eco-industrial park plans get thumbs-up from municipal planning commission

Proposed regulations for the development of eco-industrial parks in Red Deer received an enthusiastic thumbs-up from the city’s municipal planning commission on Wednesday. READ

Penhold residents worried about traffic, dust from proposed industrial expansion

A proposed expansion by one of Penhold’s biggest industrial operations should generate increased taxes and other economic spin-offs for the town. However, some residents near Custom Bulk Services Inc. fear the development will also result in more truck traffic and potentially dangerous dust. READ

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