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Business News

OK Real Estate Sales Booming

Oct 13, 2004 / 5:07 pm

As of September 29th, real estate sales across the Okanagan Mainline Real Estate Board hit a new sales volume record of $1,662, 822,560, and things could well...

Smarter Couples Earn More

Smarter Couples Earn More

Oct 13, 2004 / 4:34 pm

Study: Earnings of couples with high and low levels of education The gap in earnings between couples who are highly educated and couples with much lower levels...

Huge Budget Surplus

Huge Budget Surplus

Oct 12, 2004 / 3:49 pm

The federal Liberals are poised to announce they're sitting on a budget surplus of at least $8 billion, four times more than they predicted. Reports say that...

Shopping Savvy

Oct 11, 2004 / 7:46 am

Retailers may have to do some tweaking to get consumers back in the store. With a weak back-to-school season behind them, U.S. retailers are focused on the...

$1.25-billion Suit Dismissed

Oct 10, 2004 / 6:42 am

A U.S. federal court judge has thrown out Hollinger International's $1.25 billion US racketeering lawsuit against Conrad Black and other former executives of...

Big Chopper At Big White

Big Chopper At Big White

Oct 8, 2004 / 2:40 pm

A special high-altitude helicopter air-lifted the 16 towers this week that will support the brand-new TELUS Park and Cliff chairlifts on Big White. The...

Loonie Breaks 80 Cents

Oct 8, 2004 / 2:19 pm

The Canadian dollar broke through the 80-cent US level on Friday for the first time in more than 11 years, fuelled by solid job creation numbers in Canada and...

Mortgage Rates Going Up

Mortgage Rates Going Up

Oct 6, 2004 / 1:29 pm

Canada's major banks began another round of mortgage rate hikes on Wednesday, reflecting higher financing costs in the bond market. Royal Bank and CIBC both...

Penticton Job Opportunities

Penticton Job Opportunities

Oct 6, 2004 / 12:01 pm

The following is a news release from Nestle Canada Nestlé Canada has selected Telerx, the customer care specialist that opened its contact centre in Penticton...

Loonie Hits 11 Year High

Loonie Hits 11 Year High

Oct 5, 2004 / 3:05 pm

The Canadian dollar surged back above the 79-cent US level Tuesday as record crude prices powered the loonie almost three-quarters of a cent higher. The loonie...

Interfor Buying Riverside

Interfor Buying Riverside

Oct 4, 2004 / 11:42 am

International Forest Products has entered into an agreement in principal to acquire Kelowna based Riverside Forests Products. The Vancouver company has offered...

Students Set-up Housing Site

Students Set-up Housing Site

Oct 3, 2004 / 2:00 pm

Thousands of students across the country are once again preparing to move away from home in the pursuit of a post-secondary education. This annual migration...

Oil Above $50 US

Oct 3, 2004 / 7:34 am

The price of oil closed above $50 US a barrel for the first time Friday as supply concerns continued to grip world markets. On the New York Mercantile Exchange,...

Singer Sewing Takeover

Oct 2, 2004 / 9:52 am

KSIN Holdings Ltd., an affiliate of Kohlberg & Co. LLC., said Friday it has acquired the Singer Sewing Co. in a $65.5-million cash deal. The transaction, which...

Loonie Approaching 80 Cents

Loonie Approaching 80 Cents

Sep 30, 2004 / 4:52 pm

The Canadian dollar continued its steady climb Thursday, pushing past 79 cents US with little resistance. The loonie closed at 79.26 cents US Thursday, up 0.51...

Loonie Hits 11 Year High

Sep 29, 2004 / 4:50 pm

The Canadian dollar ended the trading day Wednesday at its highest close against the U.S. greenback in more than 11 years. The loonie closed at 78.75 cents US...

QHR Lands Asian Deal

QHR Lands Asian Deal

Sep 29, 2004 / 6:25 am

Kelowna based QHR Software Group Inc. and Optimed Software Corporation have entered into an Exclusive Marketing and Licensing Agreement with Logician...

Oil Hits $50 US Per Barrel

Oil Hits $50 US Per Barrel

Sep 28, 2004 / 7:37 am

Oil prices have hit an all-time high. A barrel of crude oil now costs more than $50 US a barrel. The previous record was $49.40 US a barrel set August 20th. Oil...

Bigger Jets To Kelowna

Bigger Jets To Kelowna

Sep 27, 2004 / 3:26 pm

Kelowna’s International Airport, the gateway to Big White Ski Resort and Silver Star Mountain Resort, will see the much anticipated addition of jet service on...

Petro Can Shares Priced

Petro Can Shares Priced

Sep 27, 2004 / 6:00 am

The federal government will sell its shares in Petro Canada at $64.50 per share. The federal government had announced earlier that it will sell all its...

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