19 businesses from around the province recognized with awards in gala event hosted by the Manufacturing Safety Alliance of BC BRITISH COLUMBIA – On June 6, at this year’s Safety Pinnacle Awards...
VANCOUVER ISLAND BUSINESS NEWS
CFIB: HALF OF SMALL FIRMS NEGATIVELY AFFECTED BY CAPITAL GAINS INCLUSION RATE HIKE
OTTAWA - Half of Canada’s small business owners will be hit by the new 66.7% inclusion rate hike coming into effect on June 25, warns the Canadian Federation of Independent Business (CFIB). Despite...
BCREA: MAY 2024 CANADIAN INFLATION
BRITISH COLUMBIA - Canadian prices, as measured by the Consumer Price Index (CPI), rose 2.9 per cent on a year-over-year basis in May, up from a 2.7 per cent increase in April. Month-over-month, on...
BCREA: MORTGAGE RATE FORECAST
Mortgage Rate Outlook BRITISH COLUMBIA - Now that the Bank of Canada is lowering its policy rate, there is some expectation that fixed mortgage rates should also fall. However, the impact on fixed...
BC FIRST CANADIAN PROVINCE TO SUE THE MAKERS OF PFAS CHEMICALS
BRITISH COLUMBIA - Niki Sharma, Attorney General, has released the following statement on the Province’s civil claim on ‘forever chemicals’: “The Province of British Columbia has taken the lead in...
VICTORIA’S TECH SECTOR SURGES
New Economic Impact Study Reveals $7.8 Billion Contribution VICTORIA – VIATEC (Victoria Innovation, Advanced Technology and Entrepreneurship Council) is proud to present the findings of its 2023...
BCREA: CANADIAN HOUSING STARTS FOR MAY 2024
BRITISH COLUMBIA - Canadian housing starts rose 10 per cent to 264,506 units in May at a seasonally adjusted annual rate (SAAR). Starts were up 35 per cent from the same month last year....
BC SALMON FARMERS EXPRESS DISAPPOINTMENT IN CONTINUED UNCERTAINTY
CAMPBELL RIVER – A 5-year period to fully transition from traditional farming infrastructure poses challenges for further investments in technology and innovations and will further impact the...
MOU SIGNED FOR CAMPBELL RIVER HYDROGEN PRODUCTION PLANT
CAMPBELL RIVER - NTE Discovery Park Ltd. and Quantum Technology Corp signed a Memorandum of Understanding on June 3rd, 2024 regarding the co-development of a green hydrogen production plant...
RFP ISSUED FOR NANAIMO CANCER CENTRE CONSTRUCTION MANAGER
NANAIMO – Island Health and BC Cancer have now issued a request for proposals (RFP) for a construction manager for the new BC Cancer centre at Nanaimo Regional General Hospital (NRGH). Submissions...
MOVERS & SHAKERS JUNE 19, 2024 – BUSINESS EXAMINER VANCOUVER ISLAND
News Impacting Central and North Vancouver Island NORTH ISLAND Port Hardy Recreation has two new Community Outreach Coordinators, Sara Klatt and Katie Hoedt. The Port Hardy Primary Health Care...
ERRATIC REGULATION DETERRING INVESTMENTS IN CRITICAL MINING, ENERGY PROJECTS
OTTAWA – Lengthy delays and regulatory uncertainty is deterring investment in major infrastructure projects in Canada, according to a new report from the C.D. Howe Institute. In “Smoothing the Path:...
PROCUREMENT FAIRNESS CLAUSE REMOVED FROM MANY TAXPAYER-FUNDED CONSTRUCTION PROJECTS
BRITISH COLUMBIA – The BC Construction Association (BCCA) has issued a province-wide industry alert following the confirmation of cases of removal of “Contract A” from the procurement process by a...
AGRI-BUSINESSES WANT STREAMLINED PROCESS FOR TEMPORARY FOREIGN WORKER PROGRAM
OTTAWA - Canada is reviewing its Temporary Foreign Worker program: Agri-businesses want streamlined processes, more flexibility to stay competitive As Ottawa is looking to overhaul its Temporary...
CANADA’S BLUEPRINT FOR MASS TIMBER SUCCESS
OTTAWA – The Transition Accelerator unveiled The Mass Timber Roadmap, the comprehensive report that outlines an ambitious and strategic vision for the future of mass timber in Canada and its...
IWCD ADDS MORE HARDWARE TO ITS WALL OF FAME
By Mark MacDonald NANAIMO – The boardroom at IWCD also serves as the company’s unofficial “Wall of Fame” at its office on McCullough Road in Nanaimo, and the owners now have a few more awards to...