Business News

Auto workers expand their strike to 38 locations in 20 states. Biden plans visit to show support
September 22, 2023 - 2:19 PM

The United Auto Workers union expanded its strike against major carmakers Friday, walking out of 38 parts-distribution centers operated by General Motors and Jeep and Ram owner Stellantis in 20 states but sparing Ford from further shutdowns.
Most actively traded companies on the Toronto Stock Exchange
September 22, 2023 - 1:53 PM

TORONTO - Some of the most active companies traded Fridayon the Toronto Stock Exchange:
Canada Post reviewing use of address data following criticism from privacy watchdog
September 22, 2023 - 1:41 PM

OTTAWA - Canada Post said Friday it is reviewing how it uses data for tailored marketing campaigns after the federal privacy watchdog found the post office was breaking the law by gleaning information from the outsides of envelopes and packages.
Streamlined immigration program a 'Band-Aid solution': Pilots union
September 22, 2023 - 1:40 PM

OTTAWA - The union representing 11,000 Canadian pilots says a newly streamlined immigration program that looks to fill job gaps in transport fails to cut to the core of a dire labour shortage in aviation.
Markets close out week in the red over 'higher for longer' interest rate expectations
September 22, 2023 - 1:38 PM

TORONTO - Canada's main stock index closed out Friday down just a handful of points after falling more than 400 points a day earlier,while U.S. stock markets also moved lower.
Smith says despite difficulty with Ottawa, Alberta has allies in Trudeau cabinet
September 22, 2023 - 1:30 PM

BANFF, Alta. - Alberta Premier Danielle Smith told a business conference on Friday that despite her concerns with the federal Liberal government, there are some cabinet ministers she can work with.
Stock market today: Wall Street's worst week in six months closes on another weak note
September 22, 2023 - 1:14 PM

NEW YORK (AP) — Wall Street’s worst week in six months closed on another weak note. The S&P 500 gave up an early gain and ended 0.2% lower Friday. The Dow Jones Industrial Average lost 106 points, and the Nasdaq composite slipped 0.1%. Stocks slid this week because of the growing understanding that interest rates likely won’t come down much anytime soon. Treasury yields eased a bit after jumping earlier in the week to their highest levels in more than a decade.
Ramp up in U.S. auto strike expected to affect Canadian parts producers
September 22, 2023 - 11:30 AM

TORONTO - Autoworkers in the U.S. ramped up their strike Friday in a move that's expected to have knock-on effects for Canadian parts producers.
Judge blocks government plan to scale back Gulf oil lease sale to protect whale species
September 22, 2023 - 11:06 AM

NEW ORLEANS (AP) — A federal judge has ordered the Interior Department to expand next week's scheduled sale of of Gulf of Mexico oil and gas leases by millions of acres, rejecting a scaled-back plan announced last month by the Biden administration as part of an effort to protect an endangered whale species.
Canada-India tensions spell trouble for trade growth, investment: business leaders
September 22, 2023 - 10:36 AM

TORONTO - The escalating tension between Canada and India is jeopardizing delicate trade and investment relationships that the two sides have been working for years to advance, business leaders said.
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Fall family fun all weekend long in Kamloops, Okanagan
It is the perfect time of year to enjoy the outdoors and autumn harvest activities in Kamloops and the Okanagan. There are numerous options for families to get out and enjoy farm animals, the fall harvest and entertainment all weekend long.

SMOOTH AND AGED: Penticton restaurateur now making his own sake
Penticton restaurant owner Tatsuo Kan opened the first sake brewery in the Okanagan and now he has a permit to bring the freshly brewed rice wine out of the tasting room and straight to his customers in the dining room. Tatsuo Kan owns two

BioSteel creditors list shows company owes millions to the who's who of sports
SMITHS FALLS, Ont. - BioSteel Sports Nutrition Inc. owes a slew of top-ranking sports teams and leagues millions of dollars. In a preliminary list filed by the sports drink company which obtained creditor protection last week, BioSteel deta

New Kelowna tower proposal aims to build community from ground up
The One Water Street project, with its two highrise towers, has helped transform downtown Kelowna. It not only includes the city’s tallest building (currently) at 36 storeys but it also includes the city’s most expensive penthou

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