Business News

BC""s Hot Housing Market

Jun 20, 2005 / 12:34 pm

BC’s hot housing market shot to new heights in May as more homes were sold than in any other month on record. The British Columbia Real Estate Association...

B.C. Hot Spot For Biotech

Jun 20, 2005 / 8:31 am

The Government of British Columbia is developing important tax changes to make the province an even more attractive centre for biotechnology innovation, Premier...

Ex-Tyco CEO Guilty

Jun 18, 2005 / 7:54 am

A jury on Friday found Dennis Kozlowski, the former CEO of Tyco International Ltd., guilty of looting the conglomerate of $600 million US. Kozlowski and Mark...

Wholesale Sales Increase

Jun 17, 2005 / 8:03 am

Wholesale sales chalked up a third consecutive monthly increase in April, growing 0.9% to $39.4 billion. Excluding the automotive sector, sales rose 0.4%. Since...

Satellite Radio Licenced

Jun 16, 2005 / 5:43 pm

The Canadian Radio-television and Telecommunications Commission (CRTC) today announced the approval of three subscription radio licences and the establishment...

FCC Lending To Agriculture

Jun 16, 2005 / 8:05 am

Producer and agribusiness demand for Farm Credit Canada""s (FCC) range of services contributed to a 12th consecutive year of growth. During the past year, FCC...

Direct Flights To Las Vegas

Jun 15, 2005 / 7:10 am

WestJet announced enhancements to its schedule, including non-stop service between Kelowna and Las Vegas, Nevada beginning October 6, 2005. Offering two flights...

Fuel Cell Technology

Jun 14, 2005 / 9:52 am

The Honourable David L. Emerson, Minister of Industry, today announced investments totaling $28.3 million through Technology Partnerships Canada (TPC) with...

Bridges Enters US Agreement

Jun 13, 2005 / 7:37 am

Kelowna, BC - Bridges Transitions Inc. (TSX: BIT), a leading provider of career and educational planning solutions, announced today that it has signed an...

Cineplex Must Sell Screens To Buy Famous Players

Jun 13, 2005 / 7:25 am

The Competition Bureau filed a consent agreement today with the Competition Tribunal to resolve competition concerns arising from Cineplex Galaxy""s acquisition...

Labour Force Stats

Jun 12, 2005 / 10:04 am

""British Columbia""s unemployment rate fell 0.4 percentage points to 5.7% (seasonally adjusted) in May, reaching the lowest level since January 1981. The...

Nortel Loses Two Executives

Jun 11, 2005 / 11:28 am

Nortel Networks lost two senior executives on Friday after a clash of opinion in the executive offices. Before the opening of stock markets, Nortel (TSX:NT)...

Hot Job & Housing Market

Jun 10, 2005 / 10:37 am

Improving labour market conditions are a driving force behind the high levels of housing resale activity and new home construction in British Columbia,...

Labour Productivity Up

Jun 9, 2005 / 10:22 am

Labour productivity in the Canadian business sector edged up 0.2% during the first three months of 2005 compared with the previous quarter, continuing its...

Kelowna Housing Starts Down

Jun 8, 2005 / 8:10 am

Kelowna area housing starts were down in May, according to Canada Mortgage and Housing Corporation. May housing starts fell to 142 units from 549 units in...

GM Eliminates Jobs

Jun 7, 2005 / 8:05 am

General Motors Corp. plans to eliminate 25,000 jobs in the United States by 2008 by closing additional assembly and components plants, part of a plan to revive...

Rebound Residential Permits

Jun 6, 2005 / 12:00 pm

The rebound in the value of residential permits in April was more than offset by the first decline in three months in the non-residential sector. As a result,...

PSP Stock Options

Jun 6, 2005 / 9:00 am

Pacific Safety Products Inc. (PSP:TSX Venture) ("PSP" or "the Company") announces the granting of Stock Options to Mr. Gerald Bush and Mr. Brad Ditchfield in...

RBC Lowers Mortgage Rates

Jun 5, 2005 / 8:00 am

In another sign that debt markets are relaxed about the danger of inflation, Canada""s biggest bank is leading the way to a small cut in mortgage rates, with at...

BC Men Barred From Stock Trading

Jun 4, 2005 / 8:30 am

Two Vancouver-area men have been barred from most stock-market activities after admitting they broke securities laws in a promotion that raised nearly $27...