An early morning shooting in Burnaby has left one man seriously injured.

Police say the shooting happened just after 1 a.m. PT at Winston and Greenwood Streets, near the Sperling SkyTrain station.

Police say the 19-year-old victim, whose name has not been released, was shot in the arm and body during what's been described as a "business transaction." Police wouldn't elaborate on the kind of transaction or whether it was legal.

The victim was taken to hospital with non-life threatening injuries.

Police say the victim knew the shooter and investigators believe the shooting was targeted. The victim is known to police.

Police haven't yet interviewed the victim and don't have a description of the suspect, who fled on foot.