Worry deepens as markets continue to plummet
North American stock markets witnessed another massive sell-off on Monday as investors grew increasingly worried about the health of the global economy. In Toronto, the S&P/TSX composite index closed with a loss of 491.21 points, or roughly four per cent, at 11,670.96. It has now lost 1,145 points over three trading days. In New York, […]
Co-gen a no-go for Interfor
International Forest Products Ltd. (Interfor) will not be proceeding with its plan to develop a co-generation plant in Grand Forks after they received news that their bid to B.C. Hydro was unsuccessful. On August 2nd, Interfor announced that its proposal under Hydro’s Phase 2 Power Call to construct a 20 MW power plant at Grand […]
Boundary Sawmills scrambles for $1 million to close mill purchase in Midway
With a target in sight of $1 million, Stephen Hill is literally hitting the pavement in Vancouver to raise the money needed to complete the purchase of the Midway mill site for Boundary Sawmills Inc. (BSI). “I’m handing out brochures asking for assistance to pay off our deal with Fox,” said Hill. Hill has been […]
West Kootenay-Boundary jobless rate rises to 8.6 per cent
The unemployment rate in the West Kootenay-Boundary still high as the figure for rose to 8.6 per cent in July. Although that number is down from nine per cent in July of 2010, there are 1,200 less people that have jobs in 2011, according to Statistics Canada. Canada’s unemployment rate dipped to 7.2 per cent […]
B.C. HST ballot deadline looms
The decision to keep or nix B.C.’s controversial harmonized sales tax leaves the public’s hands after 4:30 p.m. PT Friday afternoon. That’s when Elections BC starts carefully verifying ballots are from registered voters and tallying up the results. Ballots can be dropped off at any of Elections BC’s five collection centres in the Lower Mainland, […]
Loonie drops and markets nosedive on fears of global recession
Keep building that bunker, the global economy is teetering on the brink of another recession as markets took a nosedive Thursday, the Financial Post reports. A 3.40 per cent drop in the Toronto Stock Exchange was coupled with a $5.30 drop in West Texas Intermediate crude oil to $86.63 U.S. a barrel, while the loonie […]
Cascade power project gets extension on environmental assessment
The Cascade Power Project at Christina Lake could still be built by 2016 after the Ministry of Environment extended their environmental assessment permit despite opposition from the Regional District of the Kootenay Boundary (RDKB). “The extension was because we have been unable to get an electricity purchase agreement with B.C. Hydro in their last […]
Chamber unveils plan for local businesses to get a piece of the action during BC Seniors Games
The Castlegar & District Chamber of Commerce has come up with a plan to help local businesses get in on the windfall that is the BC Seniors’ Games, according to executive director Pam McLeod. “We’re fortunate in Castlegar, in that all of the 3,200 athletes competing in the Games have to go through an accreditation […]
More savings for Canadians who make home improvements
The federal government has renewed the ecoENERGY Retrofit – Homes program, an initiative that helps Canadians save on home improvements and energy costs while protecting the environment. “With this program, Canadians can make their homes more energy-efficient and help reduce greenhouse gas emissions in Canada,” said Canada’s Minister of Natural Resources, the Honourable Joe Oliver. […]
Smart meters: Privacy, security of information now under review
A message from BC Hydro’s Greg Reimer: The BC Information and Privacy Commissioner has announced a review of the security and privacy of customer data collection through the smart meter program. As we take the responsibility of protecting the privacy and security of personal information very seriously, we’ve made it a top priority of the […]
