Business Buzz

Apple’s ECG tech coming north
The Canadian Press - May 24, 2019 - Business Buzz

TORONTO – Apple Inc. confirms that previously announced software that enables its latest smartwatch to perform electro-cardiograms has received Canadian approval but declines to predict when it will be available for download. The company says in a statement to The Canadian Press that it will bring the heart health features of Apple Watch Series 4 […]

Gov’t protects, and you pay
Okanagan Edge Staff - May 23, 2019 - Business Buzz

If you feel like your paying too much for a cell phone or airplane tickets, the Fraser Institute believes it has found the primary reason. The Canadian public policy think tank conducted a study that found 30.6 per cent of Canada’s economy is restricted or protected from foreign competition. “When governments in Canada protect industries, […]

United CEO to fly on Max 8
The Canadian Press - May 22, 2019 - Business Buzz

CHICAGO — CEO Oscar Munoz says he will be aboard United Airlines’ first flight of a Boeing 737 Max once regulators agree to let the aircraft fly again. Munoz made the promise after Chicago-based United’s annual meeting with shareholders Wednesday. In crashes in Indonesia in October and Ethiopia in March, an automated system called MCAS […]

Household debt skyrockets
The Canadian Press - May 22, 2019 - Business Buzz

TORONTO — Canadian household debt reached a record high at the end of last year even as mortgage activity slowed, the Canada Mortgage and Housing Corp. said in a report out Wednesday. The debt to income ratio of Canadians hit a record high of 178.5 per cent in the fourth quarter last year as mortgage […]

IMF: Leave market alone
The Canadian Press - May 21, 2019 - Business Buzz

Canada should hold off on changes to make home buying more affordable but should speed up efforts to reduce trade barriers within its borders, advises the International Monetary Fund. The organization calls for policies that focus on ensuring a sound financial system, enhanced co-operation between federal and provincial governments and structural reforms that target productivity […]

Hip-hop festival returns
Nicholas Johansen - May 21, 2019 - Business Buzz

For the fourth year, Kelowna will be hosting a hip-hop culture festival at Stuart Park. The Fresh Coast Festival is bringing musicians, artists and performers to the downtown park on July 20, in partnership with LMNO Productions Coast-to-Coast Foundation. “Our mission is to inspire the youth through expression and bridge the different cultures through a […]

Tariff war comes to end
The Canadian Press - May 17, 2019 - Business Buzz

OTTAWA — Canada’s year-long standoff with the Trump administration over punitive U.S. steel and aluminum tariffs is finally over, removing a key hurdle in efforts to ratify the new North American trade pact. Global Affairs Canada says the tariffs will be removed within two days. Canada has also agreed to drop all of its retaliatory […]

Billion-dollar drug solution?
The Canadian Press - May 16, 2019 - Business Buzz

CALGARY — A University of Calgary researcher says he’s hopeful a deal worth up to $1 billion between his drug company and a U.S. biotechnology firm could one day lead to autoimmune disease treatments that don’t make patients more vulnerable to infections or cancer. “It’s kind of a dream come true that I can play […]

Solar facility goes dim
The Canadian Press - May 16, 2019 - Business Buzz

CALGARY — The southern Alberta city of Medicine Hat is pulling the plug on a $13-million concentrated solar power facility after operating it for about five years. Coun. Phil Turnbull, who chairs the city’s utility committee, says the project’s goal was to test whether the technology was a feasible way to use the sun’s heat […]

Outdoor weed growers antsy
The Canadian Press - May 16, 2019 - Business Buzz

TORONTO — As warmer weather makes its way across the country, many licensed cannabis producers are still waiting for the green light from Ottawa to start an outdoor crop—and the clock is ticking. Health Canada says it has granted one licence that includes outdoor cultivation, which many companies are banking is cheaper than growing pot […]