169730
167765

Business News

BC Retail Sales Up

Sep 21, 2004 / 7:52 am

Retail sales advanced for a third consecutive month in July, up 0.5% to a record $28.9 billion. This followed increases of 0.3% in June and 0.6% in May. In...

Rogers Buys Fido

Sep 20, 2004 / 7:31 am

Rogers Wireless is buying Microcell Telecommunications, the operator of the popular Fido cellphone network. It""s a friendly takeover worth $1.4 billion. Rogers...

Inflation Cools, Loonie drops

Sep 18, 2004 / 8:49 am

The Canadian dollar tumbled almost half a cent on Friday after Statistics Canada reported the country""s annual inflation rate had fallen sharply to 1.9 per...

Feds Dump Petro Can Shares

Sep 17, 2004 / 1:03 pm

The federal government is selling its remaining 19 per cent stake in Petro-Canada - a move that will generate more than $3 billion for the federal treasury. The...

Price Index Down: 1.9%

Sep 17, 2004 / 7:00 am

In August, consumers paid 1.9% more than they did in August 2003 for the goods and services included in the Consumer Price Index (CPI) basket, a slowdown from...

Orders Roll In For PSP

Sep 17, 2004 / 5:15 am

The orders keep rolling in for Pacific Safety Products (PSP) of Kelowna. Yesterday PSP announced that they had received an additional $1 million in new orders...

BC Surplus $865 Million

Sep 14, 2004 / 10:20 am

BC Finance Minister Gary Collins has released the province""s first quarterly report and the picture looks promising. He says the first quarterly report expects...

OK Real Estate Sales Booming

Sep 13, 2004 / 4:05 pm

Sales within the three zones of the Okanagan Mainline Real Estate Board in 2004 continue to outpace last year’s numbers. Board wide, sales for the month of...

Housing Starts Peaked?

Sep 12, 2004 / 7:43 am

Housing starts in Canada were up in August to an seasonally adjusted annual rate of 241,500 according to Canada Mortgage and Housing Corp., beating...

Ontario Teachers Keep $

Sep 11, 2004 / 8:04 am

WestJet Airlines has waived an agreement that allowed it force the Ontario Teachers"" Pension Plan to invest $100 million in shares of the discount airline....

Employment Rate Steady

Sep 10, 2004 / 6:50 am

Employment was little changed for the second consecutive month. Job gains over the first eight months of 2004 totaled 113,000 (+0.7%), with almost all of the...

After Effects Of Concrete Strike

Sep 9, 2004 / 2:51 pm

Kelowna area housing starts dropped off sharply in August, declining for the second straight month, according to Canada Mortgage and Housing Corporation (CMHC)....

Borrowing Rates Going Up

Sep 8, 2004 / 6:22 am

For the first time in more than a year, the Bank of Canada has raised its trend setting raised interest rates. The bank raised its overnight rate to from 2% to...

Rate Hike Expected

Sep 7, 2004 / 4:07 pm

The Canadian dollar jumped more than three-quarters of a cent on Tuesday as markets digested solid economic performance and an expected interest rate hike by...

Alitalia""s Future

Sep 6, 2004 / 11:05 am

The future of Italian flagship carrier Alitalia is at stake in a meeting with unions Monday to reveal the number of planned job cuts as part of a restructuring...

Unemployment Drops In U.S.

Sep 5, 2004 / 11:07 am

The U.S. unemployment rate dipped slightly to 5.4 per cent from the 5.5 per cent seen in July. The U.S. Labour Department said 144,000 new jobs were added to...

Canada Savings Bonds Stay

Sep 4, 2004 / 12:26 pm

The federal government says it won""t phase out its Canada Savings Bonds program, which has helped Canadians build nest eggs since 1946, despite a consultant""s...

Terasen Gas New Pricing Option

Sep 2, 2004 / 4:56 pm

Terasen Gas is introducing a new pricing option that allows residential customers to lock in the commodity price of natural gas for one year. (Click on the link...

Kelowna Company Lands Huge Contract

Aug 31, 2004 / 4:40 pm

Pacific Safety Products has landed another big contract. Public Works and Government Services Canada has awarded PSP a $24 million contract to supply biological...

Oil Prices Tumbling

Aug 30, 2004 / 2:08 pm

Oil prices continued to drop on Monday, despite a series of pipeline attacks in southern Iraq that could halt shipments for up to a week. On the New York...

162131
169087
169052