PEACE CARIBOO SKEENA BUSINESS NEWS

BC Farmland Values Increase 8% in 2022

BRITISH COLUMBIA – The average value of Canadian farmland increased by 12.8 per cent in 2022, amid strong farm income, elevated input prices and rising interest rates. The demand for farmland...

BC Housing Market Shows Signs of Recovery

BRITISH COLUMBIA - The British Columbia Real Estate Association (BCREA) reports that a total of 4,775 residential unit sales were recorded in Multiple Listing Service (MLS) systems in February 2023,...

Canadian Economic Survey Results

OTTAWA - Canada’s economy has fully recovered from the COVID-19 crisis but faces risks from high inflation and global economic uncertainties stemming from Russia’s war of aggression against Ukraine,...

BC Mining Exploration Hit 10-Year High in 2022

BRITISH COLUMBIA – Mining exploration in 2022 hit a 10-year high in expenditures, the British Columbia Mineral and Coal Exploration Survey released March 7 states. The seventh annual survey found...

Bank of Canada Maintains Policy Rate

OTTAWA - The Bank of Canada held its target for the overnight rate at 4½ per cent, with the Bank Rate at 4¾ per cent and the deposit rate at 4½ per cent. The Bank is also continuing its policy of...

A Poll of Canadians on the Average Family’s Taxes

74 Per Cent Of Canadians Surveyed Believe The Average Family Is Being Over-Taxed BRITISH COLUMBIA - The total tax bill continues to rise for the average Canadian family as 74 per cent of Canadians...

Northern Development to Fund Community Projects

PRINCE GEORGE - Northern Development’s board of directors announced that it has approved funding for four valuable projects in central and northern BC. “The Trust introduced the Recreation...

2022 A Tough Year For Canfor

PRINCE GEORGE – It was a difficult 2022 for Canfor Pulp Profits Inc. The forestry company posted an operating loss of $106 million for 2022, up from $65.5 million in 2021. Fibre shortages in B.C.,...

Teamwork Fuels Enex Energy Corp. To Top BE Award

Outstanding 2022 Growth Drives Firm To Vancouver Island Business of the Year Award By Mark MacDonald BRITISH COLUMBIA – When Enex Energy Corp. was named Business of the Year at the January 26 MNP...

Northern BC Tourism Benefits from Federal Funding

PRINCE GEORGE – Over $830,000 in Federal funding was recently announced by Harjit S. Sajjan, Minister of International Development and Minister responsible for the Pacific Economic Development...