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Take stock - March 24

Take stock - March 24

NAL Oil & Gas Trust (TSX:NAE.UN) has struck a deal to take over Alberta Clipper Energy Inc. (TSX:ACN) in a transaction valued at $115 million including $78 million of assumed debt.
Too early to judge bank plan

Too early to judge bank plan

TORONTO — A U.S. government plan to buy up toxic banking assets and provide a boost to lending could rejuvenate both the American and Canadian economies, according to economists and banking industry observers.

Confidence on the rise

OTTAWA — The economy received some needed encouragement Monday with a sharp jump in stock markets and a report showing Canadians are less despondent about their prospects.

Millennium Centre fills up

If Red Deer is in the grips of an economic slowdown, it hasn’t prevented the owner of Red Deer’s Millennium Centre from filling more than 40,000 square feet of office space.
Sowing seeds of prosperity

Sowing seeds of prosperity

It’s an image that continues to haunt Andrew Carpenter.
Hotel project grows: Holiday Inn on Gasoline Alley includes conference space for 500

Hotel project grows: Holiday Inn on Gasoline Alley includes conference space for 500

Red Deer’s reputation as a convention hot spot should strengthen next year with the opening of a full-service Holiday Inn in Gasoline Alley.
Toyota sees first annual net loss since 1950

Toyota sees first annual net loss since 1950

Toyota forecast its first annual net loss since 1950 on Friday as plunging demand for cars, especially in the U.S., and the strong yen pummeled earnings at the world’s No. 1 automaker.

A year after US$100, oil prices cut in less than half, settles at $46.34

HOUSTON — Exactly one year after crude eclipsed US$100 a barrel for the first time, 2009 trading began Friday with prices roughly half their year-ago levels, and some believe oil could be headed even lower.
Family needs 25,000 bids to sell old house for $11

Family needs 25,000 bids to sell old house for $11

David Stockburger’s daughter does not seem destined for a career as a real estate agent.

Median family income continues ascent between 2005 and 2006

OTTAWA — The median family income rose 2.1 per cent between 2005 and 2006, largely the result of strong economic growth fostered by employment gains.