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Business

Trio of Island firms make Venture cut

$235,000 up for grabs in competition

Tourist levels encouraging after poor start

It is no longer just a cheesy, lip-synched phrase from the late 1980s. Now even the Victoria tourism sector will "blame it on the rain" as bad weather is being cited for a slow start to the tourist season.

From Oak Bay to Oregon, love gets the best seat

Mark and Janet Jones of Oregon fell in love with Oak Bay during their honeymoon last year, and one of the highlights was the street market on Oak Bay Avenue.

Recovery will take longer

Canadians are in for at least two more years of slowing economic activity and low job creation, a condition that should keep interest rates low until 2014, says the Bank of Nova Scotia.

Drought to lift food prices

Ingredient costs moving higher, says Maple Leaf

Catalyst cuts losses, but revenue sinks

Pulp and paper producer Catalyst Paper says it narrowed its second-quarter loss to $11.7 million, or three cents per share. That's compared to a loss of $47.4 million, or 13 cents per share, a year ago. Revenue was $312.8 million, compared to $340.

Tsunami recovery boosts auto sales

Canadian auto sales grew 4.7 per cent this July from a year earlier, fuelled by incentive programs and a strong surge at Japanese automakers whose production was crippled after last year's earthquake and tsunami.

Big Rona shareholder supports Lowe's takeover

Invesco Canada, one of the largest shareholders of Rona Inc., confirmed on Wednesday that it's backing a $1.76-billion bid by U.S.-based Lowe's for Canada's largest home-improvement retailer.

Talisman earnings fall on weak prices

Talisman Energy is reporting a sharp fall in its second-quarter profit and revenue due to weaker commodity prices and higher operating costs.

WestJet promises leg room - for some

WestJet passengers willing to pay more for extra leg room will be able to fly "premium economy" in four rows - but some nonpremium customers might notice a little less space in the other seats.
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