Alberta’s 2021-22 budget predicts a deficit of $18.2 billion and debt ballooning to a record $115.8 billion by the end of the year, as the province continues to recover from the COVID-19 pandemic and low oil prices.
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Monthly Archives: February 2021
Loonie tops 80 cents for first time since 2018 as commodities rise
The Canadian dollar broke above 80 cents U.S. Thursday, hitting its highest level since February 2018 amid speculation the global reflation trade will continue to lift commodity prices, driving currencies traditionally tied to the commodities complex higher.
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County MPC approves small business development permits
A strong show of support for small businesses in Red Deer County this week as the County’s Municipal Planning Commission (MPC) granted approvals for three new businesses and the expansion of a fourth.
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Unpaid municipal property taxes from oil companies jumps to $24.6 million
Oil companies owe more than $24.6 million in unpaid taxes to the Regional Municipality of Wood Buffalo as of Feb. 22. This is an increase from nearly $19 million owed to the municipality last January.
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Province has spent less than half of $100 million DRP funding for Fort McMurray
Less than half of the $100 million commitment from Alberta’s Disaster Relief Program (DRP) have been given to flood-impacted homeowners in Fort McMurray since the funding was announced last May.
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MLAs speak about economic opportunities in Morinville Chamber meeting
The Morinville and District Chamber of Commerce held a virtual luncheon last Wednesday to bring businesses and municipalities up to date on what’s happening in the province.
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Taber mayor weighs in on town prospects for 2021
It would be hard to find anyone who did find a new set of challenges throughout the year 2020, and Mayor Andrew Prokop counts himself among those people.
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Red Deer hospital expansion gets about $6 million in 2021 provincial budget
The Red Deer hospital expansion project is getting $5 million from the provincial government in 2021-22 and as well as pledge of about $60 million over the next three years.
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Only four properties on city’s back-tax auction, with collection efforts dating back to 2017
An initial batch of properties set to be auctioned off to collect back taxes is smaller than in recent past, but administrators had to remind elected officials the process began four years ago.
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Hut 8 turns to power production with plans mobile generating stations
Hut 8’s advertised big move into power production appears to be focused on developing mobile generating stations for use initially at natural gas facilities in North Dakota and Texas.
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