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Bank of Canada maintains 1% overnight rate target

Responding to global economic uncertainty and stalled Canadian economic growth, the Bank of Canada announced this morning that it’s maintaining its target overnight rate at 1%.

B.C.’s small business optimism falters

The American debt-ceiling debate and debt crisis in Europe dampened the confidence of small business owners in B.C. in August, according to the Canadian Federation of Independent Business (CFIB)’s Business Barometer Index released today.

Conifex to acquire distribution, transportation businesses

Vancouver-based forestry company Conifex Timber Inc . (TSX-V: CFF) this morning announced plans to acquire Welco Lumber Corp .

Local small businesses avoid price increases: survey

Vancouver’s small businesses are more likely to absorb price increases than pass them on to customers, compared with their counterparts in Toronto and elsewhere in Canada.

Whistler to host global wood buyers

About 90 B.C. companies, many focused on value-added wood manufacturing, will get the chance to impress foreign buyers at the eighth annual BC Wood Global Buyer’s Mission trade show September 8 to 10 at the Whistler Convention Centre.

NDP wants Victoria to release BCESIS report

With B.C. schools back in session, pressure is mounting on Education Minister George Abbott to release the $250,000 report that his ministry commissioned Gartner Inc. to produce to advise him on the problem-plagued British Columbia Enterprise Student Information System (BCESIS).

DelMar cancer drug approved for clinical trials

Vancouver-based DelMar Pharmaceuticals (BC) Ltd . announced this morning it has received approval from the U.S. Food and Drug Administration (FDA) to launch clinical trials of brain cancer drug VAL-083.

Gas prices drop $0.50 per litre in Surrey

An Ontario company dropped gas prices $0.50 per litre at a gas station in Surrey Friday in an attempt to advertise a new business initiative.

Red tape stunts growth of food sector innovation: report

Canadian policy makers should cut red tape to make Canada’s food sector more innovative and robust, according to a Conference Board of Canada report released September 1.

Absolute Software faces invasion of privacy allegations in U.S.

A 52-year-old Ohio widow has been given the green light to sue Vancouver’s Absolute Software (TSX:ABT) over allegations the Vancouver company, which tracks stolen and lost computers, invaded her privacy by recording sexually explicit images of her as