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Business News

Shaw Boosts Dividends

Shaw Boosts Dividends

Jul 13, 2007 / 7:25 am

Shaw Communications Inc.'s quarterly profit fell by more than a third from a year ago, when a number of one-time items bolstered results. The Calgary-based...

Alcan Merger

Alcan Merger

Jul 12, 2007 / 7:04 am

London's Rio Tinto PLC tabled a staggering $38.1-billion (U.S.) bid for Montreal aluminum maker Alcan Inc. early Thursday morning, easily trumping a rival U.S....

Space Tourism Picks CDN

Jul 11, 2007 / 4:00 pm

A Pratt & Whitney Canada engine designed for business jets is to power the launch plane for what is described as the world's first commercial passenger...

Housing Starts Dropping

Housing Starts Dropping

Jul 11, 2007 / 7:00 am

Canada Mortgage and Housing Corporation reports the number of new housing starts in Kelowna dropped in June, compared to June 2006. This June saw 246 new units...

BOC Boosts Rate

BOC Boosts Rate

Jul 10, 2007 / 6:55 am

The Bank of Canada raised its key interest rate to 4.5 per cent, the first increase in more than a year, and suggested more rate hikes will be needed to dampen...

Casual Work Weeks

Casual Work Weeks

Jul 9, 2007 / 4:30 pm

Out of school and out of work? July 9 through 20 is “Casual Labour Weeks” as hosted by Kelowna's Service Canada Centre for Youth. The centre is focusing on...

Oil Supply Crunch

Oil Supply Crunch

Jul 9, 2007 / 8:15 am

Global oil companies will reap the windfall from growing demand and constrained supply for years to come – and consumers should expect higher fuel prices for...

Boeing 787 Lifts Off

Boeing 787 Lifts Off

Jul 8, 2007 / 7:24 am

The Boeing 787 Dreamliner is aptly named. When it lifts off the runway at Seattle's Boeing Field for its first test flight this summer, it will carry the dreams...

Self Employment Up

Self Employment Up

Jul 7, 2007 / 11:00 am

The BC economy continues on a steady climb, and it's not only big business that's making a difference. Resource-based industries in our province, traditional...

Tourists In Space by 2015

Tourists In Space by 2015

Jul 7, 2007 / 7:57 am

Jim Benson's ship is called the Dream Chaser, and here's the dream he's chasing: a 50 percent profit margin on revenue of $200 million by 2015 from putting...

Loonie Tops 30 Yr High

Loonie Tops 30 Yr High

Jul 6, 2007 / 8:05 am

The Canadian dollar hit its highest level in more than three decades Friday after a strong jobs report boosted the likelihood of higher interest rates. The...

Building Permits Surge

Building Permits Surge

Jul 5, 2007 / 8:05 am

Construction sites in Western Canada will be busy this summer as the value of building permits, a leading indicator for construction activity, surged to its...

TV Revenues Top $6B

TV Revenues Top $6B

Jul 4, 2007 / 8:15 am

Operating sales among television broadcasters climbed 8.2 per cent last year, the third largest increase in the past decade, as Canadians tuned into...

Teck Cominco Bids Aur

Teck Cominco Bids Aur

Jul 3, 2007 / 8:15 am

Diversified metals miner Teck Cominco Ltd. has launched a friendly $4.1-billion cash-and-paper takeover bid for copper and zinc producer Aur Resources Inc., in...

UK Pound At 26 Yr High

UK Pound At 26 Yr High

Jul 2, 2007 / 5:00 pm

The British pound rose to a 26-year high, bolstered by widespread expectations that global interest rates are moving higher at a time when there is again...

BCE Not Over Yet?

BCE Not Over Yet?

Jul 2, 2007 / 7:52 am

The battle for the country's biggest telephone company may not be over yet even after the Ontario Teachers Pension Plan agreed to buy BCE Inc. on the weekend...

US Stock Volatility

US Stock Volatility

Jul 1, 2007 / 5:00 pm

After a tumble in the Shanghai stock market led to a scary plunge at the end of the first quarter, the U.S. market has rebounded strongly over the past three...

$1.1B Heli Contracts

$1.1B Heli Contracts

Jul 1, 2007 / 7:48 am

CHC Helicopter Corp., a provider of helicopter services to the offshore oil sector, won two contracts by Statoil ASA, Norway's state-owned oil company. They are...

Blackberry Pushes TSX Up

Blackberry Pushes TSX Up

Jun 30, 2007 / 8:07 am

The Toronto stock market finished on a triple-digit gain with the help of surging oil prices and billion-dollar earnings from the maker of a popular pocket...

Cdn Economy Stalls

Cdn Economy Stalls

Jun 29, 2007 / 7:15 am

Canadian economic growth stalled for the first time in 10 months amid a slowdown in wholesale trade — though the Bank of Canada is still seen raising interest...

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