Central/North Vancouver Island
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...
VECIMA RESTRUCTURES WORKFORCE
VICTORIA - Vecima Networks Inc. (VCM: TSX), a company delivering software, services, and integrated platforms that power broadband and video streaming networks, announced their plans to restructure....
RE•FLECTIONS PODCAST REFLECTS ON WHEATCROFT’S REAL ESTATE EXPERIENCES
VICTORIA - Braden Wheatcroft has been in the real industry for many years, and he’s had time to reflect on his experiences. The Director of Business Development and Broker Owner of RE/MAX Camosun...
YELLOW SHEET VANCOUVER ISLAND BUILDING BRIEFS: DECEMBER 9, 2024
SAANICH - 4464 Markham St (industrial new) Warehouse Architect: Number Ten Architectural Group - Victoria Ph: 250-360-2106 rhalliday@numberten.com Developer: University of Victoria - Property...
South Vancouver Island
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...
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...
SAANICH DRAFTS PLAN FOR DISTRICT-OWNED PROPERTY
SAANICH - As Saanich continues to explore innovative ways to use District-owned property to benefit the community, the District will be moving forward with the proposed pre-zoning and eventual sale...
PLURILOCK LANDS CONTRACT WITH DEPARTMENT OF NATIONAL DEFENSE
VICTORIA - Global cybersecurity company, Plurilock Security Inc., has received a three-year sales order for a total of CAD$2.5 million with the Canadian Department of National Defense dated November...
Thompson Okanagan
PENTICTON CHAMBER: RESPONSE TO FEDERAL GST HOLIDAY ANNOUNCEMENT
PENTICTON - A recent survey conducted by the Penticton & Wine Country Chamber of Commerce has revealed that the federal government’s upcoming GST holiday, set to begin on December 14th, has been...
THOMPSON OKANAGAN MOVERS & SHAKERS NOVEMBER 28, 2024
News Influencing Thompson Okanagan Business KELOWNA George Greenwood has been named the next chief executive officer of the Kelowna Chamber of Commerce. He was the former head of the Association of...
EQUIFAX: AFFORDABILITY CHALLENGES STILL PERSIST
OTTAWA – Equifax Canada’s latest Market Pulse Consumer Credit Trends Report reveals that while recent interest rate cuts have provided easing of financial pressures for some Canadians, other groups...
WAGES, ADVANCEMENT AND TRAINING: MAGNETS TO ATTRACT TRADES WORKERS TO FIRMS
BRITISH COLUMBIA - Offering fair wages, and opportunities for advancement and training are major magnets that construction companies can use to attract employees to their firms. British Columbia has...
BCREA: BC STANDARDS NEEDED FOR REMEDIATING HOMES USED IN DRUG PRODUCTION
BRITISH COLUMBIA - As British Columbia continues to deal with a housing shortage, a new research study conducted by the University of the Fraser Valley Centre for Public Safety and Criminal Justice...
CARFAX CANADA REPORTS 25% INCREASE IN CAR THEFT IN 2024
OTTAWA - CARFAX Canada has released its highly anticipated, Year in Rear View 2024 report, showcasing key insights from millions of its Vehicle History Reports conducted over the past year. By...
Fraser Valley
WAGES, ADVANCEMENT AND TRAINING: MAGNETS TO ATTRACT TRADES WORKERS TO FIRMS
BRITISH COLUMBIA - Offering fair wages, and opportunities for advancement and training are major magnets that construction companies can use to attract employees to their firms. British Columbia has...
SURREY LAUNCHES MULTI-FAMILY AND COMPLEX BUILDING PERMIT PORTAL
SURREY - The City of Surrey launched a new Multi-Family and Complex Building Permit Portal on Nov. 18. This initiative represents a significant step in the City’s dedication to offering fully...
BCREA: BC STANDARDS NEEDED FOR REMEDIATING HOMES USED IN DRUG PRODUCTION
BRITISH COLUMBIA - As British Columbia continues to deal with a housing shortage, a new research study conducted by the University of the Fraser Valley Centre for Public Safety and Criminal Justice...
CARFAX CANADA REPORTS 25% INCREASE IN CAR THEFT IN 2024
OTTAWA - CARFAX Canada has released its highly anticipated, Year in Rear View 2024 report, showcasing key insights from millions of its Vehicle History Reports conducted over the past year. By...
CFIB: WELCOMES TAX CUTS BUT CONCERNED WITH ADMINISTRATIVE HEADACHE
OTTAWA - The Canadian Federation of Independent Business (CFIB) welcomes any tax cutting measure, but adds that narrow, temporary sales tax holidays can add confusion and administrative complexity...
ABBOTSFORD CHAMBER ANNOUNCES 2024 EXCELLENCE AWARD WINNERS
ABBOTSFORD – The Abbotsford Chamber of Commerce, in partnership with the Abbotsford News, recognized 12 winners at the 28th annual Abbotsford Business Excellence Awards, with Platinum Sponsors Doane...
Northern BC
BANK OF CANADA RATE REDUCED TO 3.75%
OTTAWA - The Bank of Canada today reduced its target for the overnight rate to 3¾%, with the Bank Rate at 4% and the deposit rate at 3¾%. The Bank is continuing its policy of balance sheet...
BC RESTAURANTS SEE BIGGEST DROP IN EMPLOYMENT OF ANY PROVINCE IN CANADA
BRITISH COLUMBIA - British Columbia’s restaurant industry is shedding jobs at an alarming rate and has experienced the largest year-over-year drop in employment of any province, warns Restaurants...
C.D. HOWE CALLS FOR BANK OF CANADA TO CUT OVERNIGHT RATE
Monetary Policy Council Calls for Bank of Canada to Cut Overnight Rate to 3.75 Percent Next Week, 3.00 by Spring, 2.50 Percent in a Year OTTAWA – The C.D. Howe Institute’s Monetary Policy...
TRANS MOUNTAIN PIPELINE EXPANSION BRINGS RELIEF AT THE PUMP FOR BC DRIVERS
BRITISH COLUMBIA - British Columbia drivers can expect to see lower gas prices thanks to the recently completed Trans Mountain Pipeline expansion (TMX), according to economist Dr. G. Kent Fellows,...
CREA: CANADIAN HOME SALES EDGE UP AGAIN FOLLOWING THIRD INTEREST RATE CUT
OTTAWA - Following the Bank of Canada’s third interest rate cut of the year, national home sales increased slightly in September compared to August. This follows a similar pattern of gains recorded...
NORTHERN BC REAL ESTATE SEES INCREASE IN SALES
NORTHERN BC - The BC Northern Real Estate Board reports 3605 properties worth $1.5 billion sold through the Multiple Listing Service® (MLS®) in the first nine months of 2024. At this time last year,...