Business

A proposal to build a $13-billion refinery in B.C. to process oil from the Northern Gateway pipeline has been criticized for its lack of support, but one B.C. city council is taking a closer look.

Andrew Hicik was appointed director of corporate services for the Town of Sidney this week, replacing Valla Tinney, who was named director of finance with the District of Saanich last month.

Avcorp Industries Inc. says it has signed a five-year contract extension with Boeing to provide the wheel well for the next-generation 737 aircraft.

A review of 451 defined-benefit pension plans in Canada and the U.S. by debt rating agency DBRS has found the gap between plan assets and obligations widened significantly last year.

German carmaker Volkswagen AG says sales rose 11.9 per cent in July as demand in Asia and the United States outweighed slacker sales in crisis-hit western Europe.

Older unemployed workers spend as much time looking for a job as younger ones, says a new Statistics Canada study.

Bank of Canada governor Mark Carney has some blunt advice for Canadian companies sitting on piles of cash - give it back to shareholders.

The Vancouver company working to buy an idled Nova Scotia paper mill is arguing that its municipal tax bill should be about one sixth of what it is currently expected to pay. Pacific West Commercial Corp.

Mother Nature's a dream for local ownership

Tillicum, Saanich stores planned