Business News

Retail Cools Slightly In May

Jul 18, 2005 / 2:00 pm

Sales at large retailers cooled slightly in May, slipping 0.3% from April. This was the first decline in sales at large retailers in 2005. In 2004, sales were...

2010 Garb Goes On Sale

Jul 18, 2005 / 7:03 am

Starting today, Canadians can purchase official Vancouver 2010 merchandise at select HBC stores across the country. HBC is the exclusive retailer of this first...

Former RBC Manager Convicted

Jul 17, 2005 / 9:31 am

Former RBC Dominion Securities managing director Andrew Rankin has been found guilty of 10 counts of giving illegal stock tips to a friend, but not guilty on 10...

Mutual Fund Sales Boom

Jul 16, 2005 / 12:49 pm

Sales of mutual funds reached $1.8-billion in June as Canadian investors hit the buy button before heading off for their holidays, handing the industry stellar...

BC Home Sales Soar

Jul 15, 2005 / 5:00 pm

BC’s hot real estate market reached new heights in June as more homes sold on the Multiple Listing Service than in any other month on record. Realtors sold...

Warnings From Royal Group

Jul 15, 2005 / 8:45 am

Royal Group Technologies Limited today advised that its consolidated sales were less than it expected during the second quarter, partly as a result of inclement...

Bank Sees Growth For 2005

Jul 14, 2005 / 8:40 am

The Bank of Canada expects Canada""s economy to grow by about 2.7 per cent in 2005 and 3.3 per cent in 2006. With the economy projected to continue to operate...

Kelowna Wireless Provider

Jul 13, 2005 / 11:09 am

A Wireless Internet Service Provider (WISP) has officially launched a new secure high-speed network in our city. The Kelowna based company has been researching...

Bank Canada Holds Rates

Jul 12, 2005 / 8:00 am

As widely expected, the Bank of Canada kept its target rate for overnight funds unchanged at 2.50% at today’s fixed announcement date. This rate has been held...

Fewer Housing Starts

Jul 11, 2005 / 6:20 am

Canada Mortgage and Housing Corporation (CMHC) figures indicate that housing starts in the Vancouver CMA dipped 24 per cent to 1,317 units in June over the same...

Frills Coming To WestJet?

Jul 10, 2005 / 7:14 am

Discount carrier WestJet Airlines Ltd. is seeking to add frills by bundling user-pay services aboard upgraded planes while still guarding its traditional...

Shaw Digital Phone Well Received

Jul 9, 2005 / 8:17 am

Shaw Communications is accelerating its plans to push into the telephone market, which got off to a strong start earlier this year in the key cities of Calgary...

Jobless Rate Steady

Jul 8, 2005 / 7:24 am

BC / Okanagan There was little change in the BC job market last month. Last month""s jobless rate was 5.8% compared to 5.7% in May. Of note, BC""s labour force...

Real Estate Sales Up Again

Jul 7, 2005 / 6:42 am

Our local real estate market just keeps rolling in June with 586 total sales, up 7.3% over June 2004. Residential sales were up 10% totaling 275. Multi family...

House Prices Still Rise: Report

Jul 6, 2005 / 8:50 am

A Royal LePage report says that Canadian house prices continued to rise in the second quarter, but the rate of appreciation has slowed. Increases were seen in...

Economy Will Grow: RBC

Jul 5, 2005 / 8:00 am

Canada""s domestic economy will continue to be strong enough to offset a struggling trade sector, with real growth expected to reach 2.7 per cent in 2005 and...

Casual Labour Week

Jul 5, 2005 / 5:00 am

The Kelowna Human Resource Centre for Students (HRCC-S) is holding its annual Casual Labour Week this week from July 4th to Saturday, July 8th. The Sweep our...

US News Pushes Down Loonie

Jul 4, 2005 / 8:16 am

The Canadian dollar is off more than a cent in foreign exchange trading with the rebound of the U.S. dollar. A loonie is now worth $80.39 cents US....

BC Housing Boom Continuing

Jul 2, 2005 / 8:00 am

The increasing number of people relocating to British Columbia is generating demand for housing and driving new and existing home prices higher, CMHCs regional...

Economic Conditions Positive

Jun 30, 2005 / 1:00 pm

Results from the second Central Okanagan Business Confidence Survey indicate an increasingly positive view of current and future business and economic...