check out the srd site, for closures etc, anyone else must be considered hearsay, and unless they are paying your fines find out for yourself, real easy, check srd, or give them a call in Rocky. it is your money.
There are a lot of trails straight north of Nordegg on the Shunda Creek road. As you ride up the road past the hostel start watching for trails on the right. You used to be able to go all the way around Baldy and Coliseum mtn, full day trip. Have not been in about 6 years so don't know if that still holds true.