Take stock – April 20

Array

Open for business

WISE CHOICE PRODUCTIONS

No. 100, 4419 50th St.

Red Deer

403-314-4404

• Owners

Roberta Villeneuve, Jakub Krauze, Gus Miron and Carla Miron

• Type of business

Talent agency for models, actors and musicians.

• Opening date

April 1

A NEW YOU

No. 2, 2 Jewell St.

Red Deer

403-505-6634

(Inside Dolce Vita Salon & Spa)

• Owner

Kim Gordon

• Type of business

Laser hair removal and skin rejuvenation

• Opening date

March 24

Young losing jobs

Mark Bresee had all the trappings of a successful young graduate a year ago: the plasma TV, the posh apartment and a new engineering job.

Less than a year later, the job was gone, the television was for sale and he was living with his parents. Bresee, 23, is part of a growing number of unemployed youth in Canada. Young people aged 15-24 who had been working full-time have lost a disproportionate number of the jobs that have disappeared in this recession. Compared to past recessions, youths have also been tossed out of work faster and earlier. Bresee lost his engineering job at a mining consulting firm that he got straight out of university. The collapse in commodity prices meant the projects he was hired to work on never materialized.

He’s now applying for a travel work visa in England, where he expects to find work busing tables or taking calls at a hotel. “I was making north of $50,000, and I’ll be making minimum wage over there,” he said.

Low gas prices expected

Gassing up your vehicle is expected to be relatively cheap this summer — one of the few silver linings to the recent economic misery.

The warmer weather normally brings with it ramped up demand for gas as motorists take to the highways for summer road trips. A staggering rise in gas prices to around $1.40 per litre outraged drivers across Canada last year as the cost of that product’s main ingredient, crude oil, soared to a record high of US$147 per barrel. But this year, industry observers are predicting a relatively subdued summer driving season, which runs from May to September, as consumers keep a closer watch on their spending.

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