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Nearly half of Canadians say they have refused to give personal information to a retailer, according to a survey commissioned by the federal privacy commissioner. CBC.ca


Impact of Jazz cuts in N.B. unclear Jul 4, 2008 / 9:22 am
It is not clear how Air Canada Jazz's intentions to cut 270 jobs will impact New Brunswick. CBC.ca

The production of biofuels has driven up food prices 75 per cent, according to an unpublished World Bank report obtained by the Guardian. CBC.ca

A record 151,169 vehicles were imported into Canada from the U.S. in the first half of 2008, according to industry figures released Friday. CBC.ca

The head of Nunavut's Inuit organization says high fuel prices in Nunavut, which rose even higher this week, are the product of bad government, and called on the territory to seek alternatives to price hikes. CBC.ca

Some people who sell firewood in Nova Scotia say the prospect of record home-heating fuel prices this winter is driving up business now, even with wood costing more. CBC.ca


In a small change to its sting operations for catching retailers selling tobacco to minors, the Province of P.E.I. has found stores selling flavoured cigars to youth. CBC.ca

Photo: Wayne Moore - Castanet
Photo: Wayne Moore - Castanet

Condo sells for record $2.9 million
by Dean Unger - Story: 40370
Jul 4, 2008 / 5:00 am

Construction is barely underway, however, that didn't stop an un-named purchaser from paying a record price for a condominium in Kelowna.

The condo sold for $2.9 million, breaking all previous sales records for condos in the city.

North Ellis Developments Ltd. announced the sale of the Madison Penthouse Suite, on July 3.

The Madison is a 15 story complex currently under construction at the corner of Doyle Avenue and Ellis Street. It is expected to be complete in 2009.

"The 3325 sq. ft. condo is in a new residential tower at 1353 Ellis street," says Steve Hyndman, of North Ellis Developments.

"This record breaking sale is the highest priced condo sale to date in Kelowna on the MLS."

Condo prices ran from $400,000 up to the record-breaking $2.9 million sale.

Real estate specialist Jane Morgan says 85% of the condos in the Madison development sold on opening day.


The Newfoundland and Labrador Liquor Corporation (NLC) is considering a new shutdown rule for bars and clubs in response to complaints about after-hours bars. CBC.ca

The P.E.I. Liquor Control Commission plans to end the use of disposable plastic bags at its stores this fall. CBC.ca

Direct tourist flights began Friday between China and Taiwan for the first time in six decades, a sign of warming relations between the longtime foes. CBC.ca

Health officials have discovered the first Canadian case linked to a massive salmonella outbreak in the United States that has sickened more than 900 people. CBC.ca


Two Ottawa men are splitting a $32 million lottery jackpot after decades of buying tickets together. CBC.ca

Consumer groups are calling on the U.S. Food and Drug Administration to introduce a new tracking program while investigators continue looking into a salmonella outbreak that has sickened at least 887 people in the U.S. CBC.ca

Jeni Mah, owner of the Kings and Queens bedding and furniture store in Toronto, says her business faces several challenges as a result of rising fuel prices. CBC.ca

Premier Rodney MacDonald says he has no plan to bring in rules requiring motorists to pay for gas before fuelling up. CBC.ca


Quebec hotel workers vote on strikes Jul 3, 2008 / 12:04 pm
The union that represents Quebec hotel workers is planning to stage rotating strikes without warning this summer to spur stalled contract talks. CBC.ca


Last call for cheap drinks in Alberta Jul 3, 2008 / 11:55 am
The Alberta government is implementing new liquor rules, including minimum drink prices, in an effort to curb binge drinking and bar violence. CBC.ca






Today's Market

S&P TSX 14064.54 -79.03
S&P CDNX 2559.07 -0.64
DJIA 11288.54 +73.03
Nasdaq 2245.38 -6.08
S&P 500 1262.90 +1.38
Gold 931.80 -0.10
Oil 144.07 -1.22
CDN Dollar 0.9805 N/A
[Most Recent Quotes from www.kitco.com]

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Okanagan Companies

Sun Rype 10.00 -0.50
Candorado 0.13 +0.015
Pacific Safety 0.44 -0.03
Knighthawk 0.33 0.00
QHR Software 0.27 0.00
Cantex 0.10 +0.005
Columbus Networks 0.03 0.00
Anavex Life Sciences 5.03 +0.06
ID Global 0.50 +0.30
Paragon Pharmacies 0.44 0.00

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Here and there

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There’s a lot to consider when buying a home and especially in today’s changing market conditions. As your local real estate sales professional will tell you, many markets across Canada are beginning...


S&P 500 soar or plunge?

The S&P 500 index closed on Friday June 27, 2008 at $1278.38. The S&P 500 is arguably the most widely accepted gauge of the market in the US. It includes 500 ‘blue chip’, large cap stocks, which toget...

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