Heavy equipment auction sign of the times in Alberta - Action News
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Heavy equipment auction sign of the times in Alberta

The stands out at Ritchie Brothers have not exactly been empty this week, but it seems many of the winning bids are coming from out of town.

With oil below $36/barrel, the dollar at $.75 U.S., buyers south of the border are cashing in

Watching for bids. (CBC)
The stands out at Ritchie Bros. Auctioneershave notexactly been empty this week, but it seems many of the winning bids are coming from out of town.
Potential buyers eye the heavy equipment. (CBC)

Alberta buyers dida lot of watching, as the price of oil fell below$36a barrel Friday.

Potential buyers at Ritchie Auctions follow the bidding Friday. (CBC)
"There's just a ton of people here looking for the deal right nowand they're wondering if it's going to be here in the spring," saidClayton Thomas, aYukon building contractor.
With the American dollar so strong, it's the buyers south of the border cashing in.
Even the toys are up for sale. (CBC)
"You know 75 centsright? They're making 25 cents a buck," saidDallas Roberts ofChristina River Enterprises in Fort McMurray. "It's killing us. For the guys that want to, they're running it up and we don't want to pay for it, and they don't know what they're buying because they're on the net."

Another internet bid. (CBC)
Brian Bryden, who runs a construction business in Thorhild, isn't buying at all.

"We want tolook for another government similar to Ralph Klein and see it get really rolling again," he said. "That's what we're looking for. When we see that we'll be back so until then we won't be working."

Tank trailer on the block. (CBC)
Brian Glenn, senior vice president of sales forRitchieBros.in western Canada,said he's seen slow times here beforeand knows it'll change.
"If you've watched any of the gear sell, buyers as far away as Australia and the Middle East and obviously a lot of U.S. participation on the internet, so maybe where it's one market has slowed down a bit there's always somewhere else in the world that has demand."
A row of semi-tractor trailers await new owners. (CBC)