OTTAWA – Home sales activity recorded over Canadian MLS® Systems rose again in November, building on October’s surprise jump. Sales were up 2.8% in November compared to October, and now stand a...
VANCOUVER ISLAND BUSINESS NEWS
MEI: OTTAWA’S SPENDING SPIRALS OUT OF CONTROL WITH $48.3-BILLION SHORTFALL
OTTAWA - The Trudeau government’s broken pledge to keep the deficit below $40.1 billion for 2023-2024 is one more sign the government has lost control of federal finances, asserts an MEI researcher...
BC FERRIES SUBMITS PLAN TO BUILD FIVE NEW MAJOR VESSELS
VICTORIA - Plans have been submitted to to the BC Ferries Commissioner to build five New Major Vessels (NMVs), which could prove be the largest capital investment in the organizations history. With...
A LOOK BACK WITH COASTAL COMMUNITY CREDIT UNION
VANCOUVER ISLAND - With 2024 coming to a close, we want to highlight a few of the business tips our experts provided throughout the year. As you make resolutions in the New Year, we hope they help!...
CANADIANS WILL PAY $9 BILLION TO IMPLEMENT TRUDEAU’S BAN OF BC SALMON FARMS
Liǧʷiłdaxʷ TERRITORY/CAMPBELL RIVER — A new economic impact report by RIAS Inc. concludes that the Trudeau government's proposed ban on current marine net-pen salmon farming in British Columbia will...
PROVINCE SETS STAGE TO BOOST MOTION PICTURE SECTOR
LANGLEY – The Province of BC has increased tax incentives for the motion picture sector in hopes of attracting more major productions and ensure that good-paying film and TV industry jobs stay in...
BCREA: SALES CONTINUE NORMALIZING TREND IN NOVEMBER
BRITISH COLUMBIA - The British Columbia Real Estate Association (BCREA) reports that 5,841 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in November 2024, up 25.7...
CPABC: NAVIGATING PROPOSED CAPITAL GAINS AND LOSSES CHANGES
BRITISH COLUMBIA - A lot has changed over the past year, including the proposed capital gains tax changes in Canada, which took effect on June 25, 2024 and saw the capital gains inclusion rate...
MEI: OTTAWA HAS LOST CONTROL OF ITS SPENDING
OTTAWA – By announcing that it will not respect one of its main fiscal anchors this year, the federal government is showing a lack of rigour, says an MEI researcher. “Once again, the federal...
VANCOUVER ISLAND NORTH FILM COMMISSION ATTRACTS FILMS AND BOOSTS ECONOMY
VANCOUVER ISLAND - The line producer and location manager behind the film One Mile arrived on Vancouver Island for a quick look at a single location. They wanted to see McLean Mill National Historic...
CFIB: RISING INSURANCE COSTS A CONCERN FOR SMALL BUSINESSES
OTTAWA - Insurance costs have become a top concern for over two-thirds (68%) of Canadian small businesses, and half have experienced an increase of 10% or more in their insurance premiums over the...
BREWSTER WIND FARM APPROVED BY BC HYDRO
CAMPBELL RIVER – Brewster Wind Inc., a joint partnership between Capstone Infrastructure and Wei Wai Kum First Nation, was one of nine windfarm energy projects chosen by BC Hydro as part of its 2024...
CITY OF CAMPBELL RIVER ACQUIRES PROPERTIES FOR FUTURE DEVELOPMENT
CAMPBELL RIVER - The City of Campbell River has strategically acquired properties in Downtown Campbell River, beginning with 1302 Shoppers Row (Downtown Safety Office) in 2023, and most recently...
CENTRAL/NORTH VANCOUVER ISLAND MOVERS & SHAKERS DECEMBER 11, 2024
News Impacting Central and North Vancouver Island NORTH ISLAND Andrew Hory has been re-elected as chair of the board of directors for the Regional District of Mount Waddington, while Michelle...
BCREA: BANK OF CANADA LOWERS INTEREST RATES
BRITISH COLUMBIA - The Bank of Canada lowered its overnight policy rate by 50 basis points for the second consecutive meeting, bringing it from 3.75 to 3.25 per cent. In the statement accompanying...
AI/ML INNOVATIONS ACQUIRES QUANTUM SCIENCES LTD
VICTORIA - AI/ML Innovations Inc. (CSE:AIML)(OTCQB:AIMLF)(FWB:42FB) has announced that it has entered into an arms-length share purchase agreement dated December 9, 2024 (the "SPA") to acquire all...