Business News

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...

Air Canada Ranked Best

Jun 3, 2005 / 7:06 am

Air Canada has been ranked as Best Airline in North America in an worldwide survey of more than 12 million air travelers. Star Alliance, of which Air Canada is...

TV Revenue Slows

Jun 2, 2005 / 8:10 am

After stellar growth in 2003, revenues for television broadcasters increased at less than half the pace in 2004. Television broadcasting operating revenues...

First Quarter Profit For Bombardier

Jun 1, 2005 / 10:00 am

An increase in aircraft deliveries and rail equipment orders boosted Bombardier Inc. to a first-quarter profit of $55 million US, compared with a loss of $174...

Local Now On BBB Board

May 31, 2005 / 5:00 am

Bob Taylor, Manager of Corporate Communications (Pacific Region), Canada Post was elected 2005/2006 Chairperson of the Better Business Bureau of Mainland BC at...

Canada""s Current Account Surplus

May 30, 2005 / 10:31 am

Canada""s current account surplus with the rest of the world, on a seasonally adjusted basis, dropped $1.3 billion in the first quarter of 2005 to $4.0 billion...

New Pipeline Deal Close

May 29, 2005 / 11:20 am

Penn West Petroleum Ltd. says it is on the verge of striking a deal with Alberta and Ottawa to build a pipeline that would inject carbon dioxide — and new...

Royal Bank Profits Soar

May 28, 2005 / 9:59 am

Royal Bank hiked its quarterly dividend Friday after announcing a 19 per cent increase in its second-quarter profits. Royal (TSX:RY) said it made $907 million...

Western Star Site Sold

May 27, 2005 / 8:03 am

It""s been reported that the 13 acre Western Star site on Enterprise Way is on the verge of being sold. Closing is set to occur in the next few weeks of the...

Canadian Tire Can Ask Questions

May 27, 2005 / 5:00 am

In his first ruling under the BC Personal Information Protection Act, BC Information and Privacy Commissioner David Loukidelis has upheld the practice of a...

Design Award Winner

May 26, 2005 / 6:26 am

A prominent downtown business has been honored as the 2005 Downtown Design Award Winner for Best Renovation at the May 25th, Downtown Kelowna Association,...

From Kelowna To Hawaii

May 25, 2005 / 9:23 am

Harmony Airways will take possession of its fourth Boeing 757-200 aircraft next month. With this acquisition comes service from new western Canadian cities....

Bank Of Canada Keeps Target

May 25, 2005 / 9:22 am

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 1/2 per cent. The operating band for the overnight rate is...

First Quarter Loss For Bay

May 24, 2005 / 12:25 pm

Hudson""s Bay Co. said Tuesday its first-quarter loss almost doubled as restructuring charges and lower sales hit the bottom line. The company said it lost...

Microsoft European Agreement

May 23, 2005 / 9:30 am

Microsoft has made a “deal” with the European Commission to resolve differences before the end of May over remedies imposed on the software giant for...