Business

People enjoy a cool fall day walk on the iconic Salmon Arm wharf at the city’s Marine Peace Park. (Lachlan Labere-Salmon Arm Observer)
People enjoy a cool fall day walk on the iconic Salmon Arm wharf at the city’s Marine Peace Park. (Lachlan Labere-Salmon Arm Observer)
The Bitcoin logo appears on the display screen of a crypto currency ATM at the Smoker’s Choice store, Tuesday, Feb. 9, 2021, in Salem, N.H. The price of Bitcoin has soared over the past months. (AP Photo/Charles Krupa)

Cost of a single Bitcoin exceeds $50,000 for first time

Price up almost 200% in the last 3 months, Tesla plans to buy $1.5-billion in the cryptocurrency

The Bitcoin logo appears on the display screen of a crypto currency ATM at the Smoker’s Choice store, Tuesday, Feb. 9, 2021, in Salem, N.H. The price of Bitcoin has soared over the past months. (AP Photo/Charles Krupa)
Dan Proulx was named 2019 executive member of the year for JCI’s B.C. and Yukon region May 30, 2020. (Vernon Greater Chamber of Commerce)

Chamber Week brings special events online in Vernon

Webinar for non-profits and town hall for businesses planned Feb. 17 & 19

Dan Proulx was named 2019 executive member of the year for JCI’s B.C. and Yukon region May 30, 2020. (Vernon Greater Chamber of Commerce)
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Five things to watch for in the Canadian business world, week of April 15th
Five things to watch for in Canadian business, the week of Oct 15th
Low-cost airline Swoop launches in Canada
Morneau: Feds would back new Trans Mountain investors
Funding will go towards repairing and improving drainage to prevent instances of overfilling and damage like what happened to Sunnybrook Drive in Penticton in 2018. (File)

$4.4 million from province for road work projects in Thompson Okanagan includes Penticton and Summerland

The Climate Adaptation Program aims to make roads safer and more resilient against climate change

Funding will go towards repairing and improving drainage to prevent instances of overfilling and damage like what happened to Sunnybrook Drive in Penticton in 2018. (File)
People wear face masks as they wait to enter a store in a shopping mall in Montreal, Saturday, Nov. 21, 2020. THE CANADIAN PRESS/Graham Hughes

Statistics Canada says annual inflation rate climbs to 1% in January

The reading compared with a year-over-year increase of 0.7 per cent in December

People wear face masks as they wait to enter a store in a shopping mall in Montreal, Saturday, Nov. 21, 2020. THE CANADIAN PRESS/Graham Hughes
A person walks past shelves of bottles of alcohol on display at an LCBO in Ottawa on March 19, 2020. THE CANADIAN PRESS/Adrian Wyld

7-Eleven Canada working on in-store ‘consumption areas’ for beer and wine

Alcohol and Gaming Commission of Ontario is still reviewing its liquor sales licence applications

A person walks past shelves of bottles of alcohol on display at an LCBO in Ottawa on March 19, 2020. THE CANADIAN PRESS/Adrian Wyld
Vancouver Island University is one of the post-secondary institutions in B.C. expecting operating deficits this year and next year. (Nanaimo Bulletin)

B.C. colleges, universities allowed to run COVID-19 deficits

Falling revenue, rising costs mean red ink for 20 institutions

Vancouver Island University is one of the post-secondary institutions in B.C. expecting operating deficits this year and next year. (Nanaimo Bulletin)
In this Dec. 18, 2020 photo, pipes to be used for the Keystone XL pipeline are stored in a field near Dorchester, Neb. THE CANADIAN PRESS/AP-Chris Machian

‘Keystone is dead’: former senior Obama adviser

It’s time for Canada to get over the demise of the Keystone XL pipeline expansion

In this Dec. 18, 2020 photo, pipes to be used for the Keystone XL pipeline are stored in a field near Dorchester, Neb. THE CANADIAN PRESS/AP-Chris Machian
B.C. Liberal interim leader Shirley Bond speaks to reporters by video conferenece from Prince George, Feb. 4, 2021. (B.C. Liberal caucus)

Pharmacies can help with COVID-19 vaccines, B.C. Liberals say

Shirley Bond says public trust is higher after influenza shots

B.C. Liberal interim leader Shirley Bond speaks to reporters by video conferenece from Prince George, Feb. 4, 2021. (B.C. Liberal caucus)
B.C. Premier John Horgan listens as ‘Namgis Chief Don Svanvik speaks at an event at the B.C. legislature on phasing out salmon farms in the Broughton Archipelago north of Vancouver Island, Sept. 19, 2019. (B.C. government)

B.C. wasn’t consulted on shutting more salmon farms, Horgan says

Industry pleads for time after federal order to close 19 sites

B.C. Premier John Horgan listens as ‘Namgis Chief Don Svanvik speaks at an event at the B.C. legislature on phasing out salmon farms in the Broughton Archipelago north of Vancouver Island, Sept. 19, 2019. (B.C. government)
A woman passes by a Tim Hortons restaurant in Toronto on March 6, 2020. Restaurant Brands International Inc. reported its fourth-quarter profit and revenue fell compared with a year ago. THE CANADIAN PRESS/Cole Burston

In bid to win market share, Tim Hortons modernizing drive-thrus, upgrading menu items

Company has invested heavily in upgrading core offerings at Tim Hortons as part of its ‘back to basics’ plan

A woman passes by a Tim Hortons restaurant in Toronto on March 6, 2020. Restaurant Brands International Inc. reported its fourth-quarter profit and revenue fell compared with a year ago. THE CANADIAN PRESS/Cole Burston
Vernon will start construction of The Vaults, high-end storage units, in the spring with occupancy estimated for winter 2021. (The Vaults illustration)

Triple O’s, storage and more builds coming to Vernon

Restaurants, car wash, storage centres on the books in city

Vernon will start construction of The Vaults, high-end storage units, in the spring with occupancy estimated for winter 2021. (The Vaults illustration)
Lola Adeyemi, a Nigerian entrepreneur, poses with a few of her African soup products, which are now sold in Sobeys and other Canadian grocery retailers, in Toronto on Friday, February 5, 2021. THE CANADIAN PRESS/Nathan Denette

‘I don’t want to be a unicorn’: Black founders struggle to raise venture capital

Quantifying how much less funding Black business owners get is tough because it’s seldom tracked in Canada

Lola Adeyemi, a Nigerian entrepreneur, poses with a few of her African soup products, which are now sold in Sobeys and other Canadian grocery retailers, in Toronto on Friday, February 5, 2021. THE CANADIAN PRESS/Nathan Denette
(File photo)
(File photo)
Coyote Indie Books owner Dan Rothon moved his shop from Grand Forks to Lake Country, the relocated business opening its doors to the community Feb. 2. (Caitlin Clow - Calendar)

Bookstore starts new chapter in Lake Country

Coyote Indie Books owner moves shop from Grand Forks to Okanagan Valley

Coyote Indie Books owner Dan Rothon moved his shop from Grand Forks to Lake Country, the relocated business opening its doors to the community Feb. 2. (Caitlin Clow - Calendar)
Salmon Arm Auto & Truck owner Paul Drolet recently released a stop-motion video that offers a humorous look at what can happen in a garage. (Paul Drolet image)

Salmon Arm business owner hits the bricks for fun look inside auto repair garage

Salmon Arm Auto & Truck’s Paul Drolet’s 55-second stop-motion effort took 15 hours to create

Salmon Arm Auto & Truck owner Paul Drolet recently released a stop-motion video that offers a humorous look at what can happen in a garage. (Paul Drolet image)
Property owners are receiving declaration forms this month for the B.C. speculation and vacancy tax, but fewer than one out of 100 will actually have to pay. (Black Press Media files)

B.C. speculation and vacancy tax a big job with small returns

Declaration letters on the way for Nanaimo, Victoria, Kelowna

Property owners are receiving declaration forms this month for the B.C. speculation and vacancy tax, but fewer than one out of 100 will actually have to pay. (Black Press Media files)
A screenshot of the now-defunct TSN 1040 radio station Twitter page. (Wayback Machine)

Bell abandoning all-sports format at radio stations in Vancouver, Winnipeg, Hamilton

The format changes come in the aftermath of layoffs by Bell across multiple platforms last week

A screenshot of the now-defunct TSN 1040 radio station Twitter page. (Wayback Machine)
A for lease sign hangs in the window as a cyclist walks past a commercial store, Monday August 31, 2020 in Ottawa. nbsp; THE CANADIAN PRESS/Adrian Wyld

As feds audit landlords over rent aid, businesses fall through cracks of new program

The CMHC said in a statement the reviews are being done as needed to make sure tenants benefited

A for lease sign hangs in the window as a cyclist walks past a commercial store, Monday August 31, 2020 in Ottawa. nbsp; THE CANADIAN PRESS/Adrian Wyld
Haman Mamdouhi, of Toronto, is shown in this handout photo. Mamdouhi says new investors should keep tax implications in mind before reaping profits. THE CANADIAN PRESS/HO

Made a bundle from GameStop? Time to think about how it will affect your taxes

The onus is on traders and investors to keep track of their investments

Haman Mamdouhi, of Toronto, is shown in this handout photo. Mamdouhi says new investors should keep tax implications in mind before reaping profits. THE CANADIAN PRESS/HO