Business News
Local Biz Fights Grow Ops
A new product developed in Kelowna is revolutionizing the fight against marijuana grow operations. Ampwatch, developed by TIER Systems Inc., is a non-intrusive,...
Victory In Softwood Lumber Dispute
The Canadian Lumber Trade Alliance (CLTA) has won the most important victory in the ongoing softwood lumber dispute between Canada and the U.S.A. unanimous...
Okanagan Economy Growing
The Economic Development Commission (EDC) released today its 2005 Economic Profile (Profile). The 100-page profile provides an overview of the Regional Economy...
Internet Usage Grows
The recent Ipsos Reid study shows that the amount of time Internet-using Canadians are spending actively using the Internet is on the rise, averaging 12.7 hours...
Multi-Family Starts Up
The Kelowna area new home market maintained a blistering pace in July, according to Canada Mortgage and Housing Corporation. July housing starts, lead by the...
Building Permits On The Rise
Municipalities issued more than $5.0 billion in building permits for the fourth time since the beginning of the year in June, in the wake of high construction...
Nortel Revenues Increase
Nortel Networks Corporation [NYSE/TSX: NT] reported results for the second quarter of 2005. Revenues were $2.86 billion for the second quarter of 2005 compared...
Search Engine Stock Soars
A tiny and fast-growing Chinese search engine company has become the hottest new issue in a long time. Baidu.com – the word reportedly means one hundred times...
CIBC Takes 2nd Enron Hit
The Canadian Imperial Bank of Commerce has agreed to pay $250 million US to Enron to settle the bankrupt company's claims against the bank. It's the second...
Unemployment Holds Steady
Employment was unchanged in July following an increase of 79,000 during the previous three months. Job gains total 110,000 (+0.7%) so far in 2005, slightly less...
Housing Starts To Taper Off
Residential construction will moderate in 2005, and reach 218,900 units, a decrease of 6.2 per cent from 2004, according to Canada Mortgage and Housing...
Sun Rype Sales Increases
Sun-Rype Products has announced its financial results for the second quarter of 2005. Sun-Rype's net sales in the second quarter of 2005 were $29.2 million...
Adidas Buying Reebok
Adidas is buying Reebok in a $3.8B (USD) friendly takeover bid. German based Adidas is offering $59 US per share of U.S. Based Reebok. Shares of Reebok jumped...
Cattle Crossing BC Border
The first shipment of B.C. cattle, expected to cross the border at Osoyoos tomorrow, is great news for industry, but even more important are the steps being...
June Gas Sales Down
June Gas Sales Down: Sales of refined petroleum products totalled 8 528 000 cubic metres in June, down 1.4% from June 2004. Sales decreased in five of the seven...
Terasen Sold To US Firm
Kinder Morgan, Inc. (NYSE: KMI) and Terasen Inc. (TSX: TER) today announced a definitive agreement whereby KMI will acquire all of the outstanding shares of...
ISCU To Adorn Kamloops Arena
Savings Credit Union is pleased to announce a new partnership with the City of Kamloops that will see Interior Savings as the new title sponsor of the Kamloops...
Tim Hortons For Sale
Wendy's International Inc. plans to spin off 15 to 18 per cent of its popular Tim Hortons coffee and doughnut chain in an initial public offering, the company...
Canadian Economy Growing
The Canadian economy expanded by 0.3% in both April and May. Growth in May was fuelled by exploration and utilities in the energy sector and by increased...
FortisBC Earnings Up
Fortis released its 2005 second quarter results today. Earnings for the second quarter of 2005 were $4.7 million, as compared to $0.1 million earned in the same...