VANCOUVER ISLAND BUSINESS NEWS

BCREA: BANK OF CANADA MAINTAINS INTEREST RATE

OTTAWA - The Bank of Canada maintained its overnight rate at 5 per cent this morning. In the statement accompanying the decision, the Bank noted that economic growth is slow, wage pressures are...

FEBRUARY SEES SIGNIFICANT REAL ESTATE SALES INCREASE

NANAIMO – Last month, 254 single-family homes sold in the Vancouver Island Real Estate Board (VIREB) area, up 15 per cent from one year ago and 67 per cent from January 2024. Sales of condo...

KING BROS. HELPING CLIENTS FOR ARRIVAL OF CARM

VICTORIA – As customs brokers and ship’s agents, King Bros. Limited has been helping importers safely bring goods into the country since 1911. It’s their business to know the requirements of...

CANADIAN ECONOMIC GROWTH Q4′ RESULTS

BRITISH COLUMBIA - Canadian real GDP was largely unchanged in December, declining by 0.02 per cent, following two months of growth. Goods-producing sectors contracted by 0.2 per cent, while services...

THORPE ACCLAIMED AS CHAIR OF NRHD

NANAIMO - The Nanaimo Regional Hospital District (NRHD) acclaimed a Chair and Acting Chair at the February 27, 2024, meeting of the NRHD Board per provincial legislation. Ian Thorpe takes on another...