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Canadian Tire buoyed by 25 per cent leap in profit

Canadian Tire buoyed by 25 per cent leap in profit

Retailer fires off warning to competitors

Tender time

Victoria's Value Village will undergo a $1-million renovation this fall. CEI Architecture Planning and Interiors is working on drawings and a tender call.

Cineplex shows healthy profits

Movie theatre operator Cineplex Inc. has reported sharply higher second-quarter profits, although revenue growth was tempered by a slight decline in attendance.

Housing starts in capital fall by 34 per cent

While the Canada Mortgage and Housing Corporation is reporting housing starts in Victoria dropped significantly in July, there's a silver lining in the data, say industry observers.

Broad sector gains push TSX higher

The Toronto stock market closed the session higher on Thursday as energy stocks led a broad climb that widely ignored pessimism about the economy. The S&P/TSX composite index was up 77.09 points at 11,858.

New board for Threshold

The Threshold Housing Society, which provides transitional housing for youths at risk of being homeless, added five new board members during its annual general meeting - Dennis Anholt, Sean Dhillon, Noraye Fjeldstad, Shannon Horner and Pieta VanDyke.

CPPIB eyes U.S. industrial property

The Canada Pension Plan Investment Board is taking part in a $890-million US partnership to develop industrial real estate in the United States, the fund's first direct investment in the sector.

Newspaper ads argue Enbridge case

Readers of major newspapers in B.C., Alberta and Ontario this week may have noticed a full-page advertisement placed by Calgary-based Enbridge. The statement from the oil giant emphasized the company's "99.

Tourism boosts Cuban economy

Cuban authori-ties report tourism revenues rose 12.8 per cent in 2011, returning to levels from three years earlier as the key sector recovers from losses due to the global financial crisis.

BMO hires financial exec

Mary-Ellen Echle, former general manager of business banking for Island Savings, is joining BMO Bank of Montreal in Victoria.