Connect with us
[bsa_pro_ad_space id=12]

Business News

3 new members join board of Downtown Business Association

Published

Red Deer Downtown Business Association welcomes three new board members

The Red Deer Downtown Business Association (DBA) is proud to welcome three new members to our Board of Directors. The following individuals will join existing members Kerstin Heuer, Dulcie Timmons, Julie Oliver, Kathryn Harris, Vicki Finlay and Clayton Ganson.

  • Donna Hall – Academic Express
  • Madison Marcil – Rob Rae Clothiers
  • Deziree Bertin – Burgundy’s Food and Stage

    “We are proud to welcome 3 new board members from businesses and sectors that have not served before,” said Amanda Gould, Executive Director. “The 2020 Board will reflect entertainment, retail and professional – the perfect mix to ensure all areas of downtown receive the best possible representation at board level.”

    The DBA will also welcome Ken Johnston as The City of Red Deer Council Representative and Corporal Dwayne Hanusich of the Red Deer RCMP as a non-voting member.

    The DBA wishes to thank departing board member Diana Heinzlmeir for her involvement with the Board of Directors for the past three years.

    Board members will meet in January 2020 to select the executive for the year.

The Downtown Business Association is the champion for Red Deer's Downtown businesses. We serve approximately 500 businesses and property owners in Downtown Red Deer, Alberta.

Local Business

Construction underway at Red Deer Regional Airport Terminal

Published

on

Construction has begun at the Red Deer Regional Airport to convert the existing terminal into a full-service FBO (Fixed Based Operator), in partnership with Tucana Aviation.

The term FBO is given to an organization granted the right by an airport to provide a variety of ground support services, such as fueling, maintenance, catering, transportation/accommodation logistics, etc. In addition to their operational expertise and experience, they are also service orientated with an unwavering commitment to providing the best customer experience possible for both the passengers and flight crew, as they transient the airport.

Our partner in this endeavour, Tucana Aviation, is a well-established organization with a combined 30 years leadership experience in the aviation/oil and gas business. Their knowledge and experience, along with their unwavering commitment to safety/security as an existing tenant at the Red Deer Regional Airport, makes them an ideal partner. Tucana Aviation will be tasked with increasing the Charter and VIP traffic that utilizes the Red Deer Regional Airport, through various marketing and collaborative efforts with the Airport Authority.

Jim Freake, Operations Manager at Tucana Aviation states: “As the airports newest partner, we see huge potential for both oil and gas companies and private aircraft operators looking for VIP service while at the same time saving thousands in operating costs. We are truly thankful for this opportunity and look forward to helping grow the Red Deer Regional Airport”.

Graham Ingham, CEO of the Red Deer Regional Airport states: “We are very excited to be partnering with Tucana Aviation, and for the opportunity to further grow the airport by leveraging their experience and relationships. Focusing on service and making sure our customers have a positive experience while at the airport is also extremely important to us, as we attempt to capitalize on an already thriving charter market currently running along the Edmonton – Calgary corridor”.

The development of the Red Deer Regional Airports FBO partnership with Tucana Aviation is a vital step towards growth at the airport, and a big part of their future strategic planning. This, in addition to the recent unveiling of their land development strategy, and continued pursuit of scheduled air service, will ensure the airport is capable of achieving its vision of becoming the “Aviation Gateway and Key Economic Driver for Central Alberta”.

Continue Reading

Alberta

Canadians not feeling great about personal finances… Even worse in Alberta

Published

on

From MNP Canada

According to the latest MNP Consumer Debt Index being released today, Albertans are finding themselves with a lot less wiggle room in household budgets each month. The amount of money left over after paying all their bills and debt obligations has reached its lowest level since tracking began. Even though the Bank of Canada is expected to keep interest rates stable this week, six in ten in the province say they are more concerned about their ability to repay their debts than they used to be.

MNP Consumer Debt Index Update: Albertans finding themselves with a lot less money each month, six in ten concerned their ability to repay their debts

Stable interest rates are a cold comfort to those already having a difficult time making ends meet  

Even though the Bank of Canada has stated that it will keep interest rates stable until next year, six in ten (58%) Albertans say they are more concerned about their ability to repay their debts than they used to be. The concern could be the result of steeply declining wiggle room in household budgets. After paying all their current bills and debt obligations, Albertans say they are, on average, left with $459 at the end of the month, a drop of $209 since June and the lowest level since tracking began in February 2016. Half (49%, +5 pts) say they are left with less than $200 including three in ten (34%) who say they already don’t make enough money to cover all their bills and debt obligations each month (+9 pts).

The findings are part of the latest MNP Consumer Debt Index conducted quarterly by Ipsos. Now in its tenth wave, the Index tracks Canadians’ attitudes about their consumer debt and their perception of their ability to meet their monthly payment obligations.

Average Finances Left at Month-End

Image Caption: Albertans were asked: Thinking about the amount of after-tax income you make each month compared to the amount of your bills and debt obligations each month, how much is left over? In other words, how much wiggle room do you have before you wouldn’t be able to pay all your bills and debt payments each month?

“There has been a marked decline in the amount of wiggle room that households have in Alberta. says Donna Carson, a Licensed Insolvency Trustee with MNP LTD, the country’s largest personal insolvency practice. “Family budgets are being strained by everyday expenses which means many aren’t putting anything away for rainy day savings and that puts them at risk.  It is most often unexpected expenses that force people to take on more debt they can’t afford and that begins a cycle of increasing servicing costs, and eventual default.”

It’s no surprise that with less in the bank at month-end, Albertans’ ability to cope with unexpected expenses has been shaken. Seven in ten (70%) are not confident in their ability to cope with life-changing events – such as a divorce, unexpected auto repairs, loss of employment or the death of a family member – without increasing their debt.

“A job loss or an unexpected expense are most devastating for people who already have a large amount of debt. Our research continues to show just how vulnerable Alberta households are to inevitable life events like a car repair,” says Carson who recommends having at least three to six months of expenses saved in case of emergencies.

Albertans may have fewer dollars left at month-end to buffer them from sudden expenses but, somewhat surprisingly, they are growing generally far more positive about their personal financial situations than those in other provinces. According to the index, one quarter (25%) say that their debt situation is better than it was a year ago (+6 pts) and one in three (32%) say that it is better than five years ago (+7 pts). In addition to being optimistic about the present, there has been a significant increase in the proportion who feel more positive about the future. Four in ten (44%) expect that their debt situation a year from now will be better, a jump of 19 points. Six in ten (58%) believe that it will be better five years from now (+13 pts).

“The current holding pattern on interest rates and increasing economic optimism in the province could be giving Albertans a sense of relief about their finances. Still, the fact remains that many Albertans are deeply indebted and most don’t have a clear path to repayment,” says Carson pointing to evidence from the research showing that many may intend to take on more credit to make ends meet over the next year.

Just about half (48%) of Albertans say they don’t think that they will be able to cover all their living and family expenses for the next 12 months without going further into debt, a one-point decrease since June. Furthermore, just under half (49%) are confident they won’t have any debt in retirement, a one-point increase.

“Some may have resigned themselves to being in debt for life. Interest rates may remain stable but there are many already struggling to make ends meet at the current rate,” says Carson.

A large portion of Albertans (53%) are concerned about how rising interest rates will impact their financial situation, up one point since June. Fifty-two per cent agree that if interest rates go up much more, they are afraid they will be in financial trouble (-4 pts). Finally, a third (35%) are still concerned that rising interest rates could move them towards bankruptcy (-7 pts).

“The single biggest mistake people make is taking on more debt to try and deal with debt. Even if you are swimming in credit card debt, with a line of credit, a mortgage, a car loan or all of the above, you can get help to design a debt relief strategy,” says Carson.

MNP LTD offers free consultations with Licensed Insolvency Trustees to help individuals understand their debt relief options. Licensed Insolvency Trustees are the only government-regulated debt professionals who offer a full range of debt relief options and can guarantee legal protection from creditors through consumer proposals and bankruptcies.


About the MNP Consumer Debt Index

The MNP Consumer Debt Index measures Canadians’ attitudes toward their consumer debt and gauges their ability to pay their bills, endure unexpected expenses, and absorb interest-rate fluctuations without approaching insolvency. Conducted by Ipsos and updated quarterly, the Index is an industry-leading barometer of financial pressure or relief among Canadians. Visit www.MNPdebt.ca/CDI to learn more.

The latest data, representing the tenth wave of the MNP Consumer Debt Index, was compiled by Ipsos on behalf of MNP LTD between September 4 and September 9, 2019. For this survey, a sample of 2,002 Canadians aged 18 years and over was interviewed. The precision of online polls is measured using a credibility interval. In this case, the results are accurate to within +2.5 percentage points, 19 times out of 20, of what the results would have been had all Canadian adults been polled. The credibility interval will be wider among subsets of the population. All sample surveys and polls may be subject to other sources of error, including, but not limited to coverage error, and measurement error.

 

Continue Reading

november, 2019

tue19nov1:00 pm3:00 pmDiabetes Discussion Drop In1:00 pm - 3:00 pm

thu21novAll Daysun24Festival of Trees(All Day)

thu21nov6:00 pm11:00 pmFestival of Trees - Preview Dinner6:00 pm - 11:00 pm MST Westerner Park, 4847A-19 Street

fri22nov8:00 pm11:00 pmFestival of Wines8:00 pm - 11:00 pm MST Westerner Park, 4847A-19 Street

sat23nov9:00 am12:00 pmFestival Family Bingo - 1st time ever!9:00 am - 12:00 pm MST Westerner Park, 4847A-19 Street

sat23nov6:00 pm11:00 pmMistletoe Magic !6:00 pm - 11:00 pm MST Westerner Park, 4847A-19 Street

sat23nov8:00 pmRed Deer Nov 23 - Calgary's THIRD CHAMBER - EP release show "Harvesting Our Decay"8:00 pm

sun24nov9:00 am12:00 pmBreakfast with Santa9:00 am - 12:00 pm MST Westerner Park, 4847A-19 Street

mon25nov1:30 am2:30 pmPlanning A Calmer Christmas1:30 am - 2:30 pm

mon25nov6:30 pm8:30 pmRustic Succulent Box WorkshopUnique Workshop to create Succulent Box6:30 pm - 8:30 pm

tue26nov1:00 pm3:00 pmDiabetes Discussion Drop InDiabetes Discussion Drop In1:00 pm - 3:00 pm

thu28nov7:30 pm11:00 pmA special Christmas Musical Event at The KrossingBig Hank's Tribute to the Blues Songs of Christmas7:30 pm - 11:00 pm MST The Krossing, 5114 48 Avenue

Trending

X