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Downtown Business Spotlight: RYDE RD

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We’re starting this year’s Business Spotlight off with shining the light on RYDE RD! This boutique spin and body studio is located at 47755 49th street in Bay D. We spoke with owner Alex Wood to learn more about his business. 

What is your business?

RYDE RD is locally owned and operated and is downtown Red Deer’s only boutique spin and body studio. We’re dedicated to providing a fun, multi-sensory workout in a safe and friendly environment.

When did your business open?

We opened our doors October 2016.

What makes your business unique?

Ryde is different with offering an unique experience while working out. Spinning to the beat of the music in a clublike atmosphere you won’t even feel like you are working out for 45min.

What are some products/services that you offer?

We offer spin and body classes:

  • Ryde 45: is the pride of Ryde RD. Our spin instructor motivates you through a music bumping, forty-five minute, full body workout class complete with hand weights & core.  Our instructors guide you through the movements, all to the beat of the music. You control the resistance of your bike, so Ryde 45 is as hard as you want it to be. With each instructor having their own flare & music choice, you can expect no two classes to be the same. Whether you’re a beginner or an avid ryder, this class is for you. Multiple classes on the daily to fit perfectly into your schedule.
  • Body 45: is forty-five minute intermediate level class comprised of a variety of exercise modalities, including boot-camp, HIIT, plyometrics, kettlebells, strength training & flexibility. Participants will be educated in new exercises with instruction & demonstration with attention to proper form & safety. Each instructor provides their own unique style of teaching – sure to be a challenge & of course, a good sweat.

Why did you choose Downtown Red Deer as the location for your business?

Downtown Red Deer is a great central location that is easy to get to from everywhere in Red Deer. We are happy to be alongside other fantastic local businesses in the downtown area.

What do you think makes Downtown vibrant?

The sense of community in downtown Red Deer makes it vibrant. It is very attracting to be placed alongside other thriving local businesses.

I love Downtown Red Deer because… because of the sense of community, central location and being alongside other great local businesses.

 

Check out RYDE RD’s website to sign up for a class and be sure to follow them for updates:

Website: https://ryde-rd.com/

Instagram: https://www.instagram.com/ryde_rd/

Facebook: https://www.facebook.com/RydeRedDeer/ 

Twitter: https://twitter.com/Ryde_RD

Check back next week for another business spotlight! If you would like to see your Downtown business spotlighted, please contact us at 403-340-8696 or [email protected].

We serve approximately 500 businesses and property owners in Downtown Red Deer, Alberta. Our Mission is to build an engaged Downtown community, develop a Downtown brand and enhance the Downtown experience.

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Business

Taxpayers Federation calls for transparency on World Cup costs

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From the Canadian Taxpayers Federation

Author: Carson Binda 

“Toronto taxpayers can’t afford to pay for soccer games that are almost a hundred million dollars over budget already”

The Canadian Taxpayers Federation is calling on Vancouver Mayor Ken Sim to release updated cost estimates for the FIFA World Cup games scheduled for 2026. The CTF is also warning Toronto taxpayers that FIFA bills are spiralling in that city.

“Vancouver taxpayers deserve accountability when hundreds of millions are on the line,” said Carson Binda, British Columbia Director for the CTF. “Costs have ballooned in Toronto and Vancouver needs to be honest with its taxpayers about how much the soccer games are going to cost.”

Recent financial estimates have blown past the initial budget in Toronto. In 2022, Toronto expected the total cost of hosting world cup games would be $290 million. That number has now ballooned by 31 per cent to $380 million.

“Toronto taxpayers can’t afford to pay for soccer games that are almost a hundred million dollars over budget already,” Binda said. “That’s unacceptable when taxpayers are getting clobbered with higher taxes.”

Currently, the cost to host seven games in Vancouver is up to $260 million, however the provincial and municipal governments have consistently failed to produce updated cost estimates.

“What are Premier David Eby and Mayor Ken Sim hiding?” Binda said. “They need to stop hiding the numbers and tell taxpayers how much these soccer games are going to cost us.”

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Economy

Canada’s struggling private sector—a tale of two cities

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From the Fraser Institute

By Jason Clemens and Joel Emes

” the private sector must generate the income used to pay for government bureaucrats and government programs. When commercial centres have lower median employment incomes than capital cities, the private sector may be in real distress. “

According to almost every indicator including economic growth, business investment, entrepreneurship, and the employment and unemployment rates, Canada’s private sector is struggling.

A novel way to think about the sorry state of the private sector is to compare income levels in “commercial” cities (basically, cities with little to no provincial or federal government activity and largely characterized by private business activity) with income levels in capital cities, which are dominated by government.

Since the beginning of COVID (February 2020) to June 2023, government-sector job growth in Canada was 11.8 per cent compared to just 3.3 per cent for the private sector (including the self-employed). Put differently, the government sector is booming while the private sector is anemic.

The marked growth in employment in the government sector compared to the private sector is also important because of the wage premiums paid in the government. A 2023 study using data from Statistics Canada for 2021 (the latest year of available data at the time), found that—after controlling for factors such as sex, age, marital status, education, tenure, industry, occupation and location—government workers (federal, provincial and local) enjoyed an 8.5 per cent wage premium over their private-sector counterparts. And this wage gap does not include the more generous pensions typically enjoyed by government workers, their earlier retirement, and lower rates of job loss (i.e. greater job security).

According to a separate recent study, five of the 10 provinces (British Columbia, Alberta, Saskatchewan, Quebec and New Brunswick) have a distinct commercial centre other than the capital city, and in all five provinces in 2019 (pre-pandemic) the median employment income in the capital city exceeded that of the commercial centre, sometimes by a wide margin. For example, the median employment income in Quebec City was $41,290 compared to $36,660 in Montreal. (The study used median income instead of average income to control for the effect of a small percentage of very high-income earners that can influence the average income for a city.)

Remember, the private sector must generate the income used to pay for government bureaucrats and government programs. When commercial centres have lower median employment incomes than capital cities, the private sector may be in real distress.

Equally as telling is the comparison with the United States. Twenty-three U.S. states have a capital that’s distinct from their main commercial centre, but among that group, only five (North Dakota, Louisiana, Wisconsin, Ohio and Kentucky) had capital cities that clearly had higher levels of median employment income compared to the main commercial centre in the state. This is not to say the U.S. doesn’t have similar problems in its private sector, but its commercial centres generate higher median employment incomes than the capital cities in their states, indicating a potentially better functioning private sector within the state.

Many indicators in Canada are flashing red alerts regarding the health of the economy. The comparative strength of our capital cities compared to commercial centres in generating employment income is yet another sign that more attention and policy reforms are needed to reinvigorate our private sector, which ultimately pays for the government sector.

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