I've said before that you don't need fancy equipment to catch trout. I wouldn't tie my wagon to a fly-shop - they are experts at removing $ from your wallet.
What you need depends on your goals. If you plan to fish small streams in the Eastern Slopes, you don't need a heavy rod. I use a four piece which is very portable for hiking. You won't need a fancy reel as you will be playing most fish by hand.
If it is warm, I often just go in shorts and water shoes. I would invest in a decent vest and net.
I recommend breathable waders (any other kind are too hot for walking around) and wading boots.
You could get your waders here (and save):
http://www.wholesalesports.com/store...h/?text=waders
A quick look at local fly-shop websites shows they don't list products and prices. That should be a red flag.
Small streams near Calgary - Jumpingpound Creek, Dogpound Creek, Elbow River (upstream from Calgary)
http://theflyfishingbasics.com/essen...d-fly-fishing/
https://www.facebook.com/afgmag?fref=ts