Gunfire was exchanged between a Calgary Police Service (CPS) officer and a suspect during an arrest in Falconridge. CPS officers were executing a search warrant in the 5700 block of Falsbridge Dr. N.E. around 1 p.m., according to a Wednesday press release. CPS said the officer was transported to hospital in stable condition. It added the suspect was declared deceased, and another has been taken into custody. As with any officer-involved shooting, the Alberta Serious Incident Response Team has been called in to investigate. A CPS officer shot and killed a man after being confronted by him in Franklin Industrial Park during early hours in February. READ MORE: Calgary police officer shoots, kills B&E suspect after fracas in Franklin Industrial ParkIt said it was called to the 3000 block of Second Ave. S.E. for reports of a break and enter at a commercial building at 4:20 a.m.Officers conducted a search of the building upon arrival and encountered a man in a room at the premises. A physical confrontation ensued, and the man assaulted an officer with a weapon.