Biz Releases

Banks lift markets higher
The Canadian Press - 3:42 pm - Biz Releases

TORONTO — Canada’s main stock index had its best day in more than two weeks Wednesday as the energy sector rose and financials was propelled by better-than-expected results from Royal Bank and National Bank. The strong quarterly bank results came a day after the Bank of Montreal and Scotiabank forged the same path. Financials increased […]

FlightHub pays for misdeeds
The Canadian Press - 1:33 pm - Biz Releases

GATINEAU, Que. — Travel booking company FlightHub Group Inc. reached a $5 million settlement with the Competition Bureau of Canada after an investigation into the company’s marketing practices. The Competition Bureau says FlightHub made millions in revenue from charging hidden fees and misled consumers about the costs and terms associated various services. The Competition Bureau […]

Tourism mentors wanted
Okanagan Edge Staff - 12:37 pm - Biz Releases

Thompson Okanagan Tourism Association is searching for mentors to help support the industry’s labour force. TOTA is conducting two virtual Tourism Skills Training Programs to support displaced employees and professionals transitioning into a career in the industry, and it needs tourism operators to provide mentoring and job placements for as many as 75 course participants. […]

RBC quarter profit $3.85B
The Canadian Press - 11:48 am - Biz Releases

Royal Bank of Canada chief executive David McKay expressed optimism in the economic recovery from COVID-19 on Wednesday, amid a hot housing market and a quarter of record earnings from capital markets. “As we approach a year into the global pandemic, we are encouraged by both the number and efficacy of vaccines,” McKay told analysts […]

Refresh Financial sale finalized
Okanagan Edge Staff - 11:08 am - Biz Releases

Toronto’s Borrowell has completed its purchase of Kelowna’s Refresh Financial. News of the acquisition was made public last year, and the deal was finalized on Monday. “This acquisition and fundraise allow us to double down on our strategy of helping consumers achieve their financial goals,” Borrowell co-founder and CEO Andrew Graham said in a press […]

Angel Summit finalists named
Okanagan Edge Staff - 9:57 am - Biz Releases

The finalists are set for Accelerate Okanagan’s third annual OKGN Angel Summit. The six startups will present their case virtually at the finale on March 18, with the winner taking home $145,000 that 29 local angel investors have pooled. Kelowna’s Beyond Aerospace Ltd. and Enjine, Vancouver’s RocketPlan Technologies Inc. and Streamline Athletes, Nelson’s Live It […]

People get to Pig Out again
Chelsea Powrie - 8:58 am - Biz Releases

The South Okanagan’s popular Pig Out festival is returning for its second year as “Pig Out Trails,” a socially distanced reimagining of the event made necessary in 2020 due to the pandemic. In previous years, the festival had been held in one location, with food, drink and entertainment from the region centralized. But on May 28 and 29, […]

Kelowna Cabs dispute grows
Colin Dacre - 7:52 am - Biz Releases

Kelowna Cabs has issued a lockout notice to its unionized dispatchers, escalating its labour dispute with the small group of workers. MoveUp union says its members in Kelowna were issued a 72-hour notice to lockout on Tuesday as bargaining apparently fell apart. The notice will go into effect on Friday. Representatives of the union and […]

DKA happy with police news
Wayne Moore - 6:58 am - Biz Releases

Mark Burley couldn’t be happier with the direction being taken by Kelowna’s new top cop. The executive director of the Downtown Kelowna Association says additional boots on the ground patrolling downtown streets will give residents, and tourists, an extra sense of safety. “It matches up with the letter to council the DKA sent back on […]

Apartment building on block
Okanagan Edge Staff - Feb 23, 2021 - Biz Releases

A 27-unit apartment building in Kelowna is for sale. Malibu Apartments, which is located at 1979 Pandosy St., is now on the market. It is a four-storey structure with 27 rental suites that were recently renovated to the tune of $1.2 million. “The property has been improved to a quality finish offering bright, spacious units […]