Business News
Oil Prices Hit New High
Crude oil prices soared to a record high above $44 US a barrel Tuesday after OPEC said it couldn't immediately boost production. The rise in prices was also...
Financial Terror Alert
The federal government warned Sunday of possible al-Qaida terrorist attacks against "iconic" financial institutions in New York City, Washington and Newark,...
Vincor Buys Western Wines
Vincor International Inc. (TSX:VN) said Friday it has acquired Western Wines, Britain's largest independent wine importer, marketer and distributor, in a deal...
WTO Tentative Deal
Negotiators working on a new framework for global trade Saturday reached tentative agreement on major issues and were expected to call in trade ministers to...
New High For Oil Prices
Oil prices continued to climb on Friday, surging to another new high amid supply concerns. On the New York Mercantile Exchange, the September futures contract...
Russia Stops Oil Production
Oil futures surged to a record high on Wednesday amid concerns Russia's biggest oil producer may have to stop production. The September futures contract hit...
Employment Insurance Stats Down
The estimated number of Canadians claiming Employment Insurance dropped slightly in May, Statistics Canada said Tuesday. The seasonally adjusted number...
Worm Attacks Google
Google announced Monday it would set its initial public offering price between $108 and $135 per share -- and then promptly fell victim to an Internet worm that...
Beer Merger a Boon?
Canada's independent brewers could cash in following the Molson-Coors merger Two of Canada's Independent brewers, Moosehead Ltd. and Sleeman Breweries Ltd., say...
New iPod
Apple Computer Inc. has introduced its fourth-generation iPod portable music players Monday with lower prices and longer battery life. Apple says the new models...
Okanagan Indian Band Audited
The Forest Practices Board will audit the forest planning and practices of the Okanagan Indian Band operating out of Vernon, in the Okanagan Shuswap Forest...
Molson Merges With Coors
Adolph Coors Co. Thursday announced a definitive agreement to merge with Canadian brewer Molson Inc. The so-called "merger of equals" will create the...
Fighting Modem Hijacking
In the wake of a story in the media about a Penticton area woman who was charged $1,100 after her internet modem was hijacked, the Better Business Bureau has...
Bank Rate Unchanged
As expected, the Bank of Canada has left its key interest rate unchanged at 2%. However, the bank did hint that rates could go up, as early as the next rate...
Molson & Coors Talking Merger
Talks of a merger between Canadian brewing giant Molson Inc. and American counterpart Adolph Coors Co. are heating up, according to a report Monday in the Wall...
BC Price Index Rises
BC's all-items Consumer Price Index rose 2.8% during the 12-month period ending in June. This was the second straight month in which the province's...
Inflation Rate Unchanged
The annual inflation rate remained at 2.5 per cent in June, the same as it was in May, Statistics Canada reported on Friday. Gasoline prices were the main...
Martha Stewart Gets 5 Months
The sentence is in and Martha Stewart is going to jail. U.S. Federal Judge Miriam Cedarbaum has ordered Martha Stewart to serve a five-month prison term....
Westjet VP Resigns
WestJet Airlines vice-president Mark Hill, one of the airline's co-founders, resigned Wednesday amid allegations he obtained sensitive information about Air...
Summer Wine Festival Locked In
Silver Star Mountain Resort and the Okanagan Wine Festivals have reached a five year agreement from 2004 – 2008 to secure the host venue for the Okanagan...