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Business News

Local Biz Fights Grow Ops

Local Biz Fights Grow Ops

Aug 11, 2005 / 6:47 am

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

Aug 10, 2005 / 1:28 pm

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

Okanagan Economy Growing

Aug 10, 2005 / 6:15 am

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

Internet Usage Grows

Aug 9, 2005 / 8:00 pm

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

Multi-Family Starts Up

Aug 9, 2005 / 7:43 am

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

Aug 8, 2005 / 1:47 pm

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 Revenues Increase

Aug 8, 2005 / 7:40 am

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

Aug 7, 2005 / 11:12 am

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

CIBC Takes 2nd Enron Hit

Aug 6, 2005 / 11:00 am

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

Unemployment Holds Steady

Aug 5, 2005 / 6:38 am

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

Housing Starts To Taper Off

Aug 5, 2005 / 6:33 am

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 Sales Increases

Aug 4, 2005 / 7:03 am

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 Buying Reebok

Aug 3, 2005 / 8:14 am

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

Cattle Crossing BC Border

Aug 2, 2005 / 3:28 pm

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

Aug 2, 2005 / 7:25 am

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

Terasen Sold To US Firm

Aug 1, 2005 / 4:56 pm

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

ISCU To Adorn Kamloops Arena

Aug 1, 2005 / 10:00 am

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

Tim Hortons For Sale

Jul 31, 2005 / 10:00 am

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

Jul 30, 2005 / 12:15 pm

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

FortisBC Earnings Up

Jul 29, 2005 / 1:19 pm

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...

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