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Business & Economy

TRADE WAR
Ottawa says automakers that keep manufacturing in Canada will get a tariff exemption
Automobile companies that continue to manufacture vehicles in Canada will receive an exemption from Ottawa's retaliatory tariffs as U.S. President Donald Trump attempts to upend the North American industry through steep import duties. Federal Finance Minister François-Philippe Champagne announced Tuesday that au...
Apr 15, 2025
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ECONOMY
Broad-based strength helps S&P/TSX composite gain more than 200 points
Broad-based strength helped Canada's main stock index gain more than 200 points in late-morning trading, while U.S. markets also rallied. The S&P/TSX composite index was up 222.85 points at 23,810.65. In New York, the Dow Jones industrial average was up 291.83 points at 40,504.54. The S&P 500 index was up 52.63...
Apr 14, 2025
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BUSINESS IN THE REGION
Medicine Hat-area tourism industry not worried by trade war, advocate says
A key Medicine Hat advocate says he expects year-over-year tourism to the region to continue growing without any significant impact from an ongoing trade war between Canada and the United States.Tourism industry revenues in Alberta have grown 10 per cent year-over-year, the province reported this week. That puts it on ...
Apr 11, 2025
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BUSINESS
Medicine Hat unemployment unaffected despite high Alberta rates, jobs centre says
A Medicine Hat employment centre says local unemployment isn't rising along with Alberta's growth in rate, which was rated the highest in Canada for March.Krista Varner, manager at the YMCA of Southeastern Alberta's employment centre, said employers are unsure of what business will look like in a few months.---She said...
Apr 08, 2025
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Business & Economy

ONE ON ONE
Noon Interview: Lisa Dressler - April 7
Lisa Dressler, executive director of the Southeast Alberta Chamber of Commerce, joined anchor Dan Reynish on CHAT News at Noon on Monday.
Apr 07, 2025
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ECONOMY
Economy posts biggest job loss since 2022 as U.S. tariffs begin to take their toll
March saw the Canadian economy post its biggest job loss since January 2022 as the uncertainty caused by U.S. tariffs started to take a toll. Statistics Canada said Friday the economy shed 33,000 jobs in March, while the unemployment rate ticked up to 6.7 per cent compared with 6.6 per cent in February. RSM Canada econ...
Apr 04, 2025
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ECONOMY
Brooks food plant receives $1.8M from Alberta government for new access road
One of Alberta's biggest food plants will receive a new access road built with $1.8 million in provincial funding part of a broader strategy to support the agrifood sector.---The planned route connecting JBS Foods Plant and Highway 873 will cut down commuting time and provide a safer option for thousands of JBS employe...
Apr 01, 2025
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SHIFTING BURDEN TO THE PRODUCER
Extended Producer Responsibility launches in Alberta
As April 1 dawns, Alberta's new Extended Producer Responsibility (EPR) program will come into effect, shifting the onus of recycling single-use products from municipalities to producers. By making producers responsible for the products they create, EPR encourages them to find ways to redesign packaging to reduce waste....
Mar 31, 2025
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LARGEST U.S. LUMBER MARKET
Forestry and Parks minister championing Alberta lumber in Texas mission
In an effort to strengthen partnerships and advocate for fair trade practices, Todd Loewen, Minister of Forestry and Parks, is taking a delegation of forestry industry leaders to Texas from March 31 to April 3. The government says Texas is Alberta's largest U.S. market for lumber and this trade mission aims to highligh...
Mar 31, 2025
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IN THE REGION
Southeast Alberta's aerospace industry poised for growth, experts say
The window of opportunity for southeast Alberta's aerospace industry is wide open for a growth spurt amid the U.S. trade war and calls for increased military spending, industry experts and advocates say.-Spencer Fraser, founder and CEO of local drone company Landing Zones Canada, said the potential is there but the mai...
Mar 28, 2025
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NEW LOCATION DATA AVAILABLE
Alberta upgrades online tool connecting businesses with available locations
The Government of Alberta is endeavouring to make it easier for investors to find the best place for their business by upgrading its Site Selector Tool, a free online service that connects businesses and investors to available locations in the province. Government officials note, choosing the right location can make or...
Mar 27, 2025
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JOINED BY ALTA. BUSINESSES
Alberta minister travelling to Germany to strengthen trade partnerships
Alberta's Matt Jones, Minister of Jobs, Economy and Trade, is travelling to Germany in an effort to support market diversification and promote Alberta as a desirable investment destination to strengthen trade partnerships. During this trade mission, the minister will meet with European companies, potential investors an...
Mar 27, 2025
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ANSWERING THE CALL
Alberta establishing working group to address unpaid oil and gas property tax challenge
In response to calls from the Rural Municipalities of Alberta (RMA) and Alberta Municipalities (ABmunis) for action, the Government of Alberta is establishing a working group with municipal partners to develop an accountability strategy for unpaid oil and gas property taxes.Earlier this month, the RMA released the resu...
Mar 25, 2025
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TRADE WAR
Possible softening of April 2 tariffs 'zero comfort' for auto sector
Just over a week before new U.S. tariffs are expected to come into force, the head of Canada's auto parts manufacturing association says he's not optimistic any meaningful reprieve is in the works. "Until a tariff comes into effect and it affects the U.S. economy ... I'm not confident that anybody is going to be a...
Mar 24, 2025
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SUPPORTING INDIGENOUS-OWNED BUSINESS
Alberta's 2025 budget proposes $10 million for Aboriginal Business Investment Fund
Alberta's Budget 2025 has allocated $10 million that, if passed, would support the Aboriginal Business Investment Fund (ABIF) to help community-owned Indigenous businesses buy or upgrade equipment and infrastructure needed to create jobs and contribute to sustainable and thriving communities. The ABIF program launched ...
Mar 21, 2025
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MUNICIPAL GROUP REACTIONS
Who's footing the bill?: Municipal groups call for government action on unpaid oil and gas taxes
Alberta Municipalities (ABmunis) has released a statement expressing concern about unpaid oil and gas property taxes, as the financial burden gets passed to municipalities and their residents instead. A member survey recently conducted by the Rural Municipalities of Alberta (RMA) found that as of Dec. 31, 2024, at leas...
Mar 19, 2025
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$47 million
Employment scams are on the rise, according to the Better Business Bureau
Job scams are on the rise in Alberta.That's according to the Better Business Bureau (BBB) that serves not only Alberta but also east Kootenay.President and CEO of BBB, Mary O'Sullivan-Andersen said research outlined in the BBB Scam Tracker Risk Report indicated that these types of scams are increasing."Making it t...
Mar 19, 2025
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BUSINESS
City of Medicine Hat says it has more evidence to back rejig of problem intersection
A City of Medicine Hat official says there's more evidence beyond the provincial collision data that a business owner argues isn't enough to justify wiping out a pair of crucial downtown parking spots.-However, the public isn't likely to see that evidence for up to several weeks. City engineers have labelled the inters...
Mar 15, 2025
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IN ADDITION TO CONVENTIONAL
Alberta to begin collecting bitumen royalties in-kind
The Government of Alberta has announced it will now collect bitumen royalties in-kind (BRIK) in addition to conventional royalties in-kind (CORIK) in an effort to maximize resource revenue. The Alberta Petroleum Marketing Commission (APMC), the province's commercial oil and gas agency, can now combine conventional and ...
Mar 14, 2025
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TRADE WAR
Trump says he will double tariffs on Canadian steel, aluminum imports
U.S. President Donald Trump said Tuesday that he will double the tariff on steel and aluminum imports coming from Canada in response to Ontario's surcharge on electricity exports to the United States. Trump said 50 per cent tariffs will be placed on Canadian steel and aluminum on Wednesday. In a post on social media, h...
Mar 11, 2025
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WHAT TO KNOW
Living paycheque to paycheque? Here's how to break the cycle
It can be a common misconception: living paycheque to paycheque only happens to those that earn a low income. But that's not always the case. It can affect anyone, no matter their income level. "I've dealt with both ends of the spectrum," said Cindy Marques, a certified financial planner at Open Access Ltd. S...
Mar 11, 2025
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TRADE WAR
U.S. commerce secretary says steel and aluminum tariffs coming this week
Canada remains in the crosshairs of U.S. President Donald Trump's enormous tariff agenda, with steel and aluminum duties set to come into force on Wednesday. U.S. Commerce Secretary Howard Lutnick said Sunday that Trump will follow through on his threat to impose 25 per cent tariffs on steel and aluminum imports into t...
Mar 10, 2025
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TRADE WAR
Alberta moving ahead with tariff response amid unclear Trump approach, Smith says
Premier Danielle Smith says Alberta's trade sanctions on the United States will stay in place until U.S. President Donald Trump drops the threat of tariffs.It was reported yesterday that U.S. President, Donald Trump, has paused his threatened tariffs on Canadian goods until the commencement of so-called "reciproca...
Mar 08, 2025
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BUSINESS
Hudson's Bay seeks creditor protection, plans to restructure business
Canada's oldest retailer, Hudson's Bay, has filed for creditor protection and intends to restructure the business. The department store company that dates back to 1670 announced the move Friday evening, saying it has been facing "significant" pressures, including subdued consumer spending, trade tensions betw...
Mar 08, 2025
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HEALTH CARE
Alberta working on agreement to send Turkish pain medication to Ukraine: Smith
Premier Danielle Smith says her government is working on a deal to send scores of its controversial stash of unused children's pain medication to Ukraine.Smith says a group approached the government with the idea and the province is now looking for Health Canada approval.The government paid $70 million to MHCare Medica...
Mar 07, 2025
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BUSINESS
Canadian Tire to restructure company for growth, will close some Atmosphere stores
Canadian Tire Corp. Ltd. is rolling out a new strategy that will see it invest $2 billion over four years to restructure the company for growth but will also mean the closure of some stores. The True North plan launched Thursday is meant to usher in a new era for the Toronto-based retailer, which also owns SportChek, P...
Mar 06, 2025
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TRADE WAR
Canada's premiers taking 'decisive action' to eliminate internal trade barriers, Smith says
Alberta's Danielle Smith says Canadian premiers will act quickly to remove interprovincial trade barriers after the United States imposed sweeping tariffs on Canadian goods that she labelled an "unjustifiable economic attack."Smith, speaking during a town hall in Medicine Hat Tuesday, said step one for the pr...
Mar 05, 2025
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TRADE WAR
Deadline for Trump's tariffs passes with no relent; Canada counters in response
Canadians will be waking up to a new and uncertain reality after U.S. President Donald Trump's deadline for economy-wide tariffs passed with no relent overnight, triggering a continental trade war. The president's executive order hitting Canada and Mexico with 25 per cent across-the-board tariffs, with a lower 10 per c...
Mar 04, 2025
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