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Local Business

The difference between mutual funds and exchange traded funds

Derek, what is the difference between mutual funds and exchange traded funds?

The investment world isn’t getting any easier to navigate. It seems every week there is a new idea or product that is being introduced. READ

Blue Grass Sod Farms buys Dentoom’s

Like a well-kept lawn, Blue Grass Sod Farms Ltd. is experiencing healthy growth. The 45-year-old Red Deer County-based business announced on Tuesday that it was acquiring another longtime local horticultural business, Dentoom’s Greenhouses. READ

Ponoka chamber earns provincial recognition

The Ponoka and District Chamber of Commerce has received a provincial award. Ponoka, Fort Macleod and Lethbridge were all honoured by the Alberta Chambers of Commerce with 2015 Chamber of the Year Awards. The Ponoka chamber won in the 101-to-300-members category. It was cited for hosting a number of successful events that bring together its community. It was also lauded for its successful relationships with its municipal and provincial government, which enable it to be an effective voice for its businesses. READ

Local home builders honoured

Laebon Homes was crowned builder of the year large volume on Saturday, winning five awards at the Central Alberta homebuilders awards of excellence. READ

Central Alberta homebuilders recognized

Laebon Homes was crowned builder of the year large volume on Saturday, winning five awards at the Central Alberta homebuilders awards of excellence. 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

Olds College students win another award

Two brew-master students at Olds College can raise a beer to celebrate another award for their upstart malting company. Peter Schill and Tyler Rose, of Alberta Craft Malting, took first prize in the 2015 TEC VenturePrize Student Business Plan Competition. READ

Home improvement giant eyes Red Deer location

Lowe’s could be expanding to Red Deer. READ

Local brewers serve up suds at Calgary Beerfest

It’s amber, it’s zesty and it’s a mouthful to say: it’s the newest beer from Olds College Brewmaster and Brewery Operations Management program, Irish Wristwatch. READ

Bredo brothers setting up brewhouse

If anyone questions the Bredo brothers’ commitment to brewing beer, they need only peek inside the bay at No. 1, 5551 45th St. to dispel any doubts. 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

Hog exchange owner reacts to video showing abuse

Hidden-camera video shot at Western Hog Exchange’s handling facilities in Red Deer has attracted the scrutiny of CTV’s investigative program W5. READ

DataCan buys Lee’s Specialties

The business formerly known as Lee Specialties has been purchased by DataCan Services Corp. READ

Evraz going public, will offer shares

Evraz North America, which operates a pipe plant north of Red Deer, announced on Friday that it plans to go public. 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

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