BRITISH COLUMBIA - As we enter the initial weeks of 2024, our sector is cautiously optimistic, hoping that the worst is now behind us with respect to the pandemic and post-pandemic challenges. A...
VANCOUVER ISLAND BUSINESS NEWS
NETHERLANDS COMPANY WINS BC FERRIES CONTRACT
BRITISH COLUMBIA - Damen Shipyards Group (Damen) has secured the contract to construct four cutting-edge hybrid electric Island Class vessels for BC Ferries, a development aimed at increasing...
NOVEMBER MANUFACTURING STATS SHOWED BIGGEST DECLINE IN VEHICLE SALES
OTTAWA - Canadian manufacturing sales increased 1.2% to $71.7 billion in November, mainly on higher sales in the chemical (+6.6%), primary metal (+4.0%) and machinery (+4.3%) subsectors. Sales in...
NEXII BUILDING SOLUTIONS COMMENCES PROCEEDINGS UNDER THE CCAA
VANCOUVER - Nexii Building Solutions Inc., Nexii Construction Inc, NBS IP Inc., and Nexii Holdings Inc. (collectively, the "Company" or "Nexii"), a designer and manufacturer of high performance and...
BLACK PRESS ANNOUNCES CORPORATE RESTRUCTURING AND SALE TRANSACTION
From Cision News and Black Press SURREY - Black Press Ltd. and certain of its subsidiaries (collectively "Black Press" or the "Company"), announced today that it obtained an Initial Order on January...
CANADIAN HOME SALES SEE UNEXPECTED SURGE TO CLOSE OUT 2023
OTTAWA - Home sales activity recorded over Canadian MLS® Systems rose 8.7% between November and December 2023, putting it on par with some of last year’s relatively stronger months recorded...
MALAHAT PARTNERSHIP WILL CREATE 100,000 SQ. FT. BATTERY FACTORY
VICTORIA – Malahat Nation is partnering with Energy Plug to build a 100,000 square foot battery factory at its 52-acre business park next to the Trans-Canada Highway. The state-of-the-art facility...
HIGH RATES AND SLOW SALES IN 2023 BC HOUSING MARKET
BRITISH COLUMBIA – The British Columbia Real Estate Association (BCREA) reports that 73,109 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2023, a 9.2 per cent...
STANTEC GROWING TO ACQUIRE MORRISON HERSHFIELD
BRITISH COLUMBIA - Stantec, a leading global firm specializing in sustainable design and engineering, has entered into an agreement to acquire Morrison Hershfield, a management and engineering...
CCCU: YEAR END REVIEW WITH COASTAL COMMUNITY CREDIT UNION
VANCOUVER ISLAND - As 2023 draws to a close, we would like to share some of the insights offered by some of our experts throughout the year. We hope you find them useful and wish you all the best in...
CTF: TRUDEAU HIKING TAXES AGAIN IN 2024
OTTAWA - Brace for impact, taxpayers. Prime Minister Justin Trudeau will be reaching deeper into your pockets in the new year with payroll tax hikes, a carbon tax hike and alcohol tax hikes....
OTTAWA AND PROVINCES SHOULD RESTART THEIR CALCULATIONS AT ZERO WHEN TAXING SECOND JOBS, RECOMMENDS THE MEI
The Revenue Losses Arising From This Measure Would Amount To $981.1 Million For Ottawa. OTTAWA - Canada’s federal and provincial governments should reassess the tax treatment of second-job income...
STRAIGHTFORWARD ADVICE DRIVING BUSINESS TO JIFFY LUBE
Owner Celebrating 10 Years At Helm of Thriving Duncan Vehicle Service Outlet DUNCAN – Honesty is the best policy. At Jiffy Lube, owner Bob Cunningham says it’s their only policy. “The key to our...
FOUR ISLAND CITIES MAKE NATIONAL U-HAUL GROWTH INDEX LIST
NANAIMO – The City of Nanaimo has made the top 20 list of growth cities in Canada, according to a Growth Index released by U-Haul. Nanaimo placed 17th on the list, with the number of one-way U-Haul...
ICBA: BC 2024 CONSTRUCTION OUTLOOK SURPRISINGLY ROBUST – DESPITE SOME ISSUES
BRITISH COLUMBIA – Despite economic uncertainty both domestic and international, 87% of BC construction contractors expect 2024 to be as busy – or even busier – than last year, according to the...
MILLENNIAL DEVELOPMENTS OPENING DOORS TO HOMEOWNERSHIP FOR YOUNG BUYERS
KELOWNA - Under the pressure of rising housing costs, interest rates, and inflation, the number of Canadians who feel they will never be able to purchase a home has never been greater, a sentiment...