Take Stock – September 9

Contractors took out just over $4.6 billion worth of building permits in July, 11.4 per cent fewer than in June.

Toronto strike a factor in building permit slip

Contractors took out just over $4.6 billion worth of building permits in July, 11.4 per cent fewer than in June. Statistics Canada says an important factor in the decline was the strike by civic workers in Toronto, which shut down municipal offices for most of the month. Municipalities issued about $2.6 billion in residential permits in July, down 4.1 per cent, and just over $2.0 billion in non-residential permits, a 19.3 per cent drop. Excluding Toronto, the total value of building permits declined by 1.8 per cent, the value of residential permits increased 7.4 per cent instead of declining and non-residential permits declined 11.6 per cent instead of 19.3. The value of building permits fell in four provinces in July: Ontario, Alberta, Quebec and British Columbia, with Ontario recording the largest slide at 27.5 per cent to $1.4 billion.

The Forzani group reports $4.4 million loss in Q2

Canada’s largest sporting goods retailer cited the recession, poor summer weather, the restructuring of some of its stores and the distraction of a proxy fight for dismal returns in the second-quarter of fiscal 2010. The Forzani Group Ltd. (TSX:FGL), with more than 550 corporate and franchise stores across Canada under 16 banners, said Tuesday it suffered a loss of $4.4 million or 14 cents a share in the quarter. That compared with a profit of $1.5 million or five cents a share in the same quarter last year. Revenue for the period ended Aug. 2 was $296.5 million, almost unchanged from $295.5 million in the year-ago period. Retail system sales, which includes sales from corporate and franchise stores, were $348.4 million, a decrease of $8.3 million or 2.3 per cent from the comparable 13-week sales of $356.7 million in the second quarter of fiscal 2009, the company said. Same-store sales fell one per cent.

Just Posted

Red Deer area businesses recognized at Business of the Year Awards night

“It’s an honour just to be nominated.” The popular words echoed throughout… Continue reading

Child sex offender should get 12 years: Crown prosecutor

Stuart Peter Hunt has pleaded guilty to 10 child sexual exploitation and pornography charges

Legalizing cannabis cost estimate for Red Deer just under $400k

Although the province of Alberta has announced $11.2 million for cannabis legalization,… Continue reading

WATCH: Every square tells a story: Edmonton expert is exploring Red Deer’s quilting history

Community members can bring in family heirloom quilts for documentation

Red Deer-area dads going through divorce are invited to Man Up

Support group formed to focus on positive activities, networking

WATCH: Two weeks away from Canadian Finals Rodeo in Red Deer

In just two weeks, Ponoka’s Shayna Weir will compete with the best… Continue reading

PHOTO: Say goodbye to City Hall Park flowers

A sure sign that winter is on its way is when City… Continue reading

PHOTO: Chew On This! campaign draws attention to national poverty

Lunch bags were being handed out in front of The Hub downtown… Continue reading

Wickenheiser, Pegula reflect NHL’s trend toward diversity

BUFFALO, N.Y. — With a laugh, Kim Pegula’s competitive nature kicked in… Continue reading

Harry and Meghan bring rain to drought-stricken Outback town

DUBBO, Australia — The Duke and Duchess of Sussex were jokingly thanked… Continue reading

TV Review: A Roseanne Barr-less ‘The Conners’ is a triumph

NEW YORK — Can there be a “Roseanne” without Roseanne? The answer… Continue reading

Canadian manufacturing sales fell 0.4 per cent in August: Statistics Canada

OTTAWA — Statistics Canada says manufacturing sales fell 0.4 per cent to… Continue reading

Brian Mulroney joins board of directors of New York-based pot company

NEW YORK — Former prime minister Brian Mulroney is joining the board… Continue reading

Canadians waking up to legalized cannabis: ‘My new dealer is the prime minister’

ST. JOHN’S, N.L. — Canadians across the country woke up to legalized… Continue reading

Most Read