New investment strengthens mills' potential
The sawmill in Grand Forks will be getting an overhaul over the next year-and-a-half as International Forest Products Ltd. (Interfor) pumps $24 million into the region. The company’s announcement came last Wednesday, Nov. 2 when general manager Andrew Horahan unveiled their decision to invest $19 million in Grand Forks and $5 million in the Castlegar […]
Interfor to invest $24 million in Castlegar and Grand Forks mills
At its meeting Monday, Interfor’s Board of Directors approved a $24-million capital plan to upgrade the Company’s Grand Forks and Castlegar sawmills. The plan involves the installation of a new small log line at Grand Forks to replace the existing two-line facility, along with funds to complete the installation of an automated lumber grading system. […]
BC Hydro executive bonuses questioned as deficits grow
The NDP is demanding BC Hydro stop paying lavish executive bonuses, following an auditor general’s report that revealed that the Crown corporation actually ran a $249 million deficit last year, the CBC reports. NDP leader Adrian Dix says at a time when Hydro is looking at ramping up rates for customers, the current bonus system […]
B.C. workers benefit from minimum wage increase
B.C.’s minimum wage will increase to $9.50 on Tuesday, Nov. 1. At the same time, the minimum wage rate for liquor servers will increase to $8.75. This is the second increase to the minimum wage this year, and follows the announcment to increase minimum wage in three stages to $10.25 by May 1, 2012. Non-hourly […]
Small Business Month gets chamber of commerce in high gear.
This week, Oct. 17 – 21, is Small Business Week in B.C, but the Castlegar Chamber of Commerce has opted to blanket the entire month with commerce-conducive events.“We subscribe to the go-big-or-go-home notion, so we decided to make it the whole month,” said chamber executive director Pam McLeod. Some of the month’s highlights...
Uranium claims returned to Province
Boss Power Corp. surrendered its uranium exploration and mining rights to the Province of B.C. for $30 million this week. The negotiated settlement comes after Boss Power launched a law suit in 2009 after the province announced a prohibition against uranium exploration and development in 2008. The agreement gives the Crown the mineral rights to […]
L.A. Times staff writer Chris Reynolds paints a pretty picture of Heritage City with feature story in California newspaper
Nelson has gone international once again. Los Angeles Times staff writer Chris Reynolds made a stop in the Heritage city recently to give a Coles Notes version to Californians of life north of the 49th parallel Reynolds made the holiday trek from Los Angeles with his family to drink a little hemp ale, sample some […]
Nelson-based Tarasoft sold to California company
The Nelson company that developed the popular Matrix multiple listing service platform used by 17 MLS service’s across North America has been sold. One hundred per cent of Tarasoft Corp. was sold Sept. 15 to real estate information and analytics provider CoreLogic for an undisclosed price. There was no mention made whether there would be […]
Class action lawsuit filed against CIBC mortgages on prepayment penalties
By: Rob McLister Consumers hate mortgage prepayment penalties, largely because they don’t understand them. Now, there is about to be a high-profile challenge of how mortgage penalties are calculated. CIBC Mortgages Inc., a subsidiary of CIBC bank, has just been named the subject of a pending class action lawsuit. The intended suit claims that CIBC […]
Tories move to end turbulence and block Air Canada strike
On Tuesday, what was shaping up to be a turbulent week for travellers appeared poised to fade back to normal as the federal government said it was taking its first step in blocking any labour action. Federal Labour Minister Lisa Raitt’s office confirmed that she will refer the matter to the Canadian Industrial Labour Board […]
