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Alberta

Canadian Finals Rodeo November 3 – 7, 2021

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CFR – Canadian Finals Rodeo

BUY TICKETS now for CFR47!

Join us for the very best rodeo contestants competing in 6 action-packed performances for the top prize November 3rd to 7th at the Peavey Mart Centrium.

Wednesday, November 3 – Doors at 5:00 pm | Performance at 6:00 pm
Thursday, November 4 – Doors at 5:00 pm | Performance at 6:00 pm
Friday, November 5 – Doors at 5:00 pm | Performance at 6:00 pm
Saturday Afternoon, November 6 – Doors at 11:00 am | Performance at 12:00 pm
Saturday Evening, November 6 – Doors at 5:00 pm | Performance at 6:00 pm
Sunday, November 7 – Doors at 11:00 am | Performance at 12:00 pm

The Canadian Finals Rodeo is a world-class rodeo event that brings together the very best rodeo contestants and fans in the country. Over five days, all major pro-rodeo events will take place during all 6 performances including Bareback, Steer Wrestling, Team Roping, Saddle Bronc, Tie-Down Roping, Ladies Barrel Racing, and Bull Riding. As well, fans will enjoy Junior Steer Riding, Novice Saddle and Bareback Riding and for the first time ever, Breakaway Roping during select performances.

Visit the official CFR website for more information.


Daily Activities

You don’t need a ticket to the performances to take part in the celebration; you can catch onsite events each day, including a Cabaret with live music, Buckle Presentations, Contestant Hot-Stoves, Autograph Signings, a First-Class Tradeshow, and more – all free!

Also free this year is parking – there is no charge to enter the Westerner grounds.

Visit the official CFR website, where we will update with a full list of 2021 on-site activities at CFR 47.

Canadian Finals Rodeo – Performance #1

Event Date: Wed, Nov-3-2021
Event Time: 6:00 pm

Canadian Finals Rodeo – Performance #2

Event Date: Thu, Nov-4-2021
Event Time: 6:00 pm

Canadian Finals Rodeo – Performance #3

Event Date: Fri, Nov-5-2021
Event Time: 6:00 pm

Canadian Finals Rodeo – Performance #4

Event Date: Sat, Nov-6-2021
Event Time: Noon

Canadian Finals Rodeo – Performance #5

Event Date: Sat, Nov-6-2021
Event Time: 6:00 pm

Canadian Finals Rodeo – Performance #6

Event Date: Sun, Nov-7-2021
Event Time: Noon

CFR - Canadian Finals Rodeo

COVID-19 Restrictions Exemption In Effect At Westerner ParkEffective immediately and for the forseeable future, all entrants of Westerner Park, including employees, contractors, volunteers, event organizers & attendees aged 12 and older will be required to show proof of one of the following:

    • Full COVID-19 vaccination.
  • Negative COVID-19 PCR or rapid test, from a privately-paid testing provider, completed within 72 hours of an event’s start time.
  • Formal documentation of a medical exemption.

Masks will also be required in compliance with Alberta Health Services guidelines. Anyone unable to wear a mask will be asked to provide their medical exception letter.

 

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Alberta

Low oil prices could have big consequences for Alberta’s finances

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From the Fraser Institute

By Tegan Hill

Amid the tariff war, the price of West Texas Intermediate oil—a common benchmark—recently dropped below US$60 per barrel. Given every $1 drop in oil prices is an estimated $750 million hit to provincial revenues, if oil prices remain low for long, there could be big implications for Alberta’s budget.

The Smith government already projects a $5.2 billion budget deficit in 2025/26 with continued deficits over the following two years. This year’s deficit is based on oil prices averaging US$68.00 per barrel. While the budget does include a $4 billion “contingency” for unforeseen events, given the economic and fiscal impact of Trump’s tariffs, it could quickly be eaten up.

Budget deficits come with costs for Albertans, who will already pay a projected $600 each in provincial government debt interest in 2025/26. That’s money that could have gone towards health care and education, or even tax relief.

Unfortunately, this is all part of the resource revenue rollercoaster that’s are all too familiar to Albertans.

Resource revenue (including oil and gas royalties) is inherently volatile. In the last 10 years alone, it has been as high as $25.2 billion in 2022/23 and as low as $2.8 billion in 2015/16. The provincial government typically enjoys budget surpluses—and increases government spending—when oil prices and resource revenue is relatively high, but is thrown into deficits when resource revenues inevitably fall.

Fortunately, the Smith government can mitigate this volatility.

The key is limiting the level of resource revenue included in the budget to a set stable amount. Any resource revenue above that stable amount is automatically saved in a rainy-day fund to be withdrawn to maintain that stable amount in the budget during years of relatively low resource revenue. The logic is simple: save during the good times so you can weather the storm during bad times.

Indeed, if the Smith government had created a rainy-day account in 2023, for example, it could have already built up a sizeable fund to help stabilize the budget when resource revenue declines. While the Smith government has deposited some money in the Heritage Fund in recent years, it has not created a dedicated rainy-day account or introduced a similar mechanism to help stabilize provincial finances.

Limiting the amount of resource revenue in the budget, particularly during times of relatively high resource revenue, also tempers demand for higher spending, which is only fiscally sustainable with permanently high resource revenues. In other words, if the government creates a rainy-day account, spending would become more closely align with stable ongoing levels of revenue.

And it’s not too late. To end the boom-bust cycle and finally help stabilize provincial finances, the Smith government should create a rainy-day account.

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Alberta

Governments in Alberta should spur homebuilding amid population explosion

Published on

From the Fraser Institute

By Tegan Hill and Austin Thompson

In 2024, construction started on 47,827 housing units—the most since 48,336 units in 2007 when population growth was less than half of what it was in 2024.

Alberta has long been viewed as an oasis in Canada’s overheated housing market—a refuge for Canadians priced out of high-cost centres such as Vancouver and Toronto. But the oasis is starting to dry up. House prices and rents in the province have spiked by about one-third since the start of the pandemic. According to a recent Maru poll, more than 70 per cent of Calgarians and Edmontonians doubt they will ever be able to afford a home in their city. Which raises the question: how much longer can this go on?

Alberta’s housing affordability problem reflects a simple reality—not enough homes have been built to accommodate the province’s growing population. The result? More Albertans competing for the same homes and rental units, pushing prices higher.

Population growth has always been volatile in Alberta, but the recent surge, fuelled by record levels of immigration, is unprecedented. Alberta has set new population growth records every year since 2022, culminating in the largest-ever increase of 186,704 new residents in 2024—nearly 70 per cent more than the largest pre-pandemic increase in 2013.

Homebuilding has increased, but not enough to keep pace with the rise in population. In 2024, construction started on 47,827 housing units—the most since 48,336 units in 2007 when population growth was less than half of what it was in 2024.

Moreover, from 1972 to 2019, Alberta added 2.1 new residents (on average) for every housing unit started compared to 3.9 new residents for every housing unit started in 2024. Put differently, today nearly twice as many new residents are potentially competing for each new home compared to historical norms.

While Alberta attracts more Canadians from other provinces than any other province, federal immigration and residency policies drive Alberta’s population growth. So while the provincial government has little control over its population growth, provincial and municipal governments can affect the pace of homebuilding.

For example, recent provincial amendments to the city charters in Calgary and Edmonton have helped standardize building codes, which should minimize cost and complexity for builders who operate across different jurisdictions. Municipal zoning reforms in CalgaryEdmonton and Red Deer have made it easier to build higher-density housing, and Lethbridge and Medicine Hat may soon follow suit. These changes should make it easier and faster to build homes, helping Alberta maintain some of the least restrictive building rules and quickest approval timelines in Canada.

There is, however, room for improvement. Policymakers at both the provincial and municipal level should streamline rules for building, reduce regulatory uncertainty and development costs, and shorten timelines for permit approvals. Calgary, for instance, imposes fees on developers to fund a wide array of public infrastructure—including roads, sewers, libraries, even buses—while Edmonton currently only imposes fees to fund the construction of new firehalls.

It’s difficult to say how long Alberta’s housing affordability woes will endure, but the situation is unlikely to improve unless homebuilding increases, spurred by government policies that facilitate more development.

Tegan Hill

Director, Alberta Policy, Fraser Institute

Austin Thompson

Senior Policy Analyst, Fraser Institute
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