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Business News

Oil Prices Tumbling

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...

Big Additions At Big White

Big Additions At Big White

Aug 30, 2004 / 5:00 am

Big White is putting the finishing touches on its latest addition -- Telus Park. VP Michael J. Ballingall says the locals will be surprised. "I guess Telus Park...

Royal Bank Earnings Slip

Aug 29, 2004 / 11:47 am

Royal Bank saw its net profit shrink by one per cent in the third quarter, as the country's biggest bank reported earnings of $768 million. Royal said it made...

IWA+Steelworkers Merge

Aug 28, 2004 / 10:55 am

The Industrial, Wood and Allied Workers have voted to merge with the United Steelworkers of America, creating Canada's largest private-sector labour union....

Cost Of Living In Kelowna

Cost Of Living In Kelowna

Aug 26, 2004 / 11:51 am

The steak is cheaper but the gas prices are not. A new study released by the Economic Development Commission reveals Kelowna residents are paying considerably...

Inflation Slightly Down

Inflation Slightly Down

Aug 24, 2004 / 4:48 pm

A smaller increase in gasoline prices helped bring the annual rate of inflation down slightly in July. It stood at 2.3 per cent last month, down from the 2.5...

Good News For Air Canada

Aug 23, 2004 / 5:37 pm

Air Canada took one more step on Monday towards emerging from creditor protection as an Ontario court approved its restructuring plan. Justice James Farley of...

Tobin Leaves Magna

Aug 22, 2004 / 12:49 pm

Brian Tobin, former Newfoundland and Labrador premier and former federal cabinet minister, has resigned from the Magna group, the company announced Friday after...

Oil Price Reduced

Aug 21, 2004 / 12:06 pm

Oil prices pulled back from their new highs on Friday, after setting records in 15 of the last 16 trading sessions. After hitting an intraday high of $49.40 US...

Google Gets Real

Aug 18, 2004 / 5:19 pm

Internet search engine Google made a surprise move on Wednesday as it pared back its initial public offering. In an early morning e-mail to investors, Google...

RCMP Investigate NORTEL

Aug 17, 2004 / 2:37 pm

The RCMP has launched a criminal investigation into accounting practices at Nortel Networks Corp. In April, Nortel fired several top executives, including CEO...

Oil Price Eases

Aug 16, 2004 / 5:29 pm

Oil prices eased Monday from recent record highs on news Venezuelan President Hugo Chavez emerged victorious from a recall referendum Sunday. The September...

Loonie Rises

Aug 15, 2004 / 12:43 pm

The Canadian dollar took flight on Friday, climbing more than a cent in the wake of weaker-than-expected U.S. trade data. The loonie was up 1.21 cents US at...

Google IPO Auction

Aug 14, 2004 / 11:04 am

Internet search engine Google launched the online auction of its initial public offering of shares Friday. Based in Mountain View, Calif., Google is expecting...

Target Buying Hudsons Bay Co.

Target Buying Hudson""s Bay Co.

Aug 13, 2004 / 4:16 pm

Hudson's Bay Co. shares rose more than 5 per cent, amid reports that U.S. department store chain Target is in talks to buy the company. Shares of 334-year-old...

Worlds Biggest Bank

World""s Biggest Bank

Aug 12, 2004 / 5:29 pm

A pair of Japanese banks, Mitsubishi Tokyo Financial Group and UFJ Holdings, said they have struck an agreement to merge to form the world's biggest bank. At...

BC Housing In Great Shape

BC Housing In Great Shape

Aug 10, 2004 / 10:23 am

British Columbia is leading the pack in the construction of new homes. Canada Mortgage and Housing Corporation’s Outlook report says B.C. housing starts will...

Google Pays Yahoo Millions

Google Pays Yahoo Millions

Aug 9, 2004 / 4:17 pm

Google Inc., the internet's most popular search engine company, is paying its rival Yahoo about $330 million US in shares to settle a legal case potentially...

Report Predicts Medal Winners

Report Predicts Medal Winners

Aug 9, 2004 / 8:14 am

How well will we do in Athens? According to a PriceWaterhouseCoopers report, Canada will claim 15 gold medals, placing us 19th in the medal standings....

Rising Fuel Prices Hurt

Aug 8, 2004 / 11:37 am

Air Canada suffered a $510 million loss in its second-quarter, the airline reported Friday. Air Canada CEO Robert Milton said, "current record high fuel prices...

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