Business BC – Latest News

  • Cisco unveils faster Internet technology - Cisco Systems Inc. on Tuesday unveiled a new network-routing technology the company said will usher in a new era of the Internet. Cisco said its new CRS 3 carrier router would allow carriers like AT&T in the United States to offer bigger and faster web services. Cisco said the CRS 3 (carrier routing system) is three times faster than the CRS 1 currently being used by carriers around the world.
  • Air Canada chief blasts lobbying efforts by Emirates Air -

    The CEO of Air Canada launched a blistering attack on recent efforts by Emirates Airlines to expand its services to Canada, saying the impact of allowing the Dubai-based airline to increase its service to Toronto and start flying to Calgary and Vancouver would be "devastating."


  • Choose mortgage words carefully - When it comes to your mortgage contract, watch your language.
  • Vancouver's Rethink takes on Toronto in ad game - Vancouver-based ad agency Rethink Communications is reversing the usual direction of business by opening a beachhead in hotly competitive Toronto with a particular digital-media focus, the company announced Tuesday.
  • Flaherty re-announces possible asset sales - Finance Minister Jim Flaherty reiterated Tuesday that the country is studying the sale of government assets in a bid to fill a budget shortfall. "Governments end up owning some things that they don't need to own," Flaherty told reporters in Ottawa. "We're going to continue that process. There's several more departments we'll look at this year, ask them if they have any assets that no longer serve the purpose of public ownership." Flaherty last week announced a five-year spending plan with cuts to defence, international aid and government operations in a bid to be the first Group of Seven country to erase its deficit after the global financial crisis.
  • Union sees Canfor contract as pattern for industry agreements - Results are expected in the next few days on a vote by workers at the country's No. 2 lumber producer Canfor Corp. on a contract the union hopes will set a pattern for B.C.'s other sawmills.
  • Modest hiring upturn expected for Vancouver in second quarter, survey finds - Metro Vancouver should see a modest increase in hiring in the second quarter of 2010, according to the latest Manpower Employment Outlook Survey released Tuesday.
  • Thieves hit my bank account - March is Fraud Protection Month. When I noted this in my blog a few weeks ago, I had no idea I was about to become a victim of debit-card fraud. While I was in Ottawa last week, criminals in Toronto were withdrawing funds from my chequing account and line of credit.
  • Canada's foreign aid record is nothing to brag about - As the federal Tories tell it, they are promise-keepers who will deliver on a Canadian pledge to double our 2002 level of foreign aid by 2010.
  • Investors hard to please thIs week - The Toronto Stock Exchange saw its second straight day of losses Tuesday as commodity prices fell slightly and better-than-expected earnings from Bank of Nova Scotia weren't enough to spark investor interest.