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Business

Tech park opens space to startups

In a bid to diversify the mix, grow technology companies and accommodate requests, the University of Victoria's Vancouver Island Technology Park has quietly established a new home for small start-up companies.

Samsung shares dip despite record Q3 profit

Strong sales of Galaxy phones propelled Samsung's quarterly profit to a record high, but its shares dropped Friday on the prospect its growth will slow in an increasingly crowded smartphone market.

Biodiesel plant cuts workers

Biox Corp. is temporarily stopping production of biodiesel at its Hamilton plant and cutting 17 jobs due to weakness in the U.S. market. The company will monitor conditions to determine when to resume production.

Paper business drags Domtar

Strength in Domtar Corp.

Island couple blends perfect yogurt

A trip to France led to venture in Comox Valley

Ford cuts jobs in Europe as losses exceed $1.5B

Ford Motor Co. pressed ahead with its plan to slash production in Europe, announcing another plant closure and 1,500 more job cuts, as it warned that annual losses in the region will exceed $1.5 billion this year and next.

Viking Air job creation earns Export Award nomination

Viking Air is a finalist in the B.C. Export Awards in a new category called the Premier's Award for Job Creation.

Postmedia Q4 loss balloons to $28.4M

Postmedia Net-work Canada Corp had a $28.4-million loss in the fourth quarter of its 2012 financial year as the newspaper and Internet publisher's revenue fell nearly six per cent from a year ago.

Enbridge moves $1.1B to affiliate

Pipeline giant Enbridge Inc. is transferring $1.16 billion in storage and renewable energy assets to its affiliate. Enbridge Income Fund Holdings is acquiring oil storage facilities in Hardisty, Alta.

Gold sector leads TSX out of slump

The Toronto stock market snapped a four-session losing run Thursday, led by gold sector gains in the wake of strong earnings reports from Goldcorp Inc. and Agnico-Eagle Mines. The S&P/TSX composite index closed up 105.21 points at 12,300.