Business

Improved sales performance and selling off noncore assets gave Victoria's Vecima Networks a turnaround of $13-million in its year-end performance in 2012.

An Ontario company has applied for permits that would allow a fibre optic cable through the Northwest Passage to bring vastly improved data service to much of the North.

The United States' crude oil supplies declined by 500,000 barrels, or 0.1 per cent, to 364.7 million barrels, which is 8.4 per cent above year-ago levels, the Energy Department's Energy Information Administration said in its weekly report.

Saunders Subaru, Patricia Wade Design and Feel Good Yoga & Pilates were named Businesses of the Year at the second annual WestShore Community Awards. More than 200 attended the awards gala Friday at the Royal Col-wood Golf Club.

Argent Energy Trust has signed a deal to buy a group of producing properties in Texas and Oklahoma for US$132.5 million. The properties have total estimated gross reserves of approximately 3.

Victoria-based digital news agency SendtoNews has appointed Sean Coutts as chief operating officer. Coutts was most recently senior director of service delivery at CAI Canada, a global IT services firm.

Greater Victoria's residential real estate prices are falling, according to a Royal LePage survey on Wenesday. All housing types saw decreases in the region, with detached bungalows falling the most by an average of 6.

Victorians find cheaper tickets in Washington

In many places, gold shipments will get their own police escort. In others, nuclear materials might get that same security treatment. But what about Canada, eh? In this country, the protected material can be maple syrup.

Finance Minister Jim Flaherty is optimistic the U.S. will avoid the so-called fiscal cliff that many believe could trigger another recession in the world's largest economy.