OTTAWA - The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening....
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VANCOUVER ISLAND BUSINESS NEWS
BC Airports Receiving Funding to Improve Safety
BRITISH COLUMBIA - Canadians rely on safe and well-maintained local and regional airports to provide essential air services, including community resupply, air ambulance, search and rescue, and...
BC Lions To Host 2024 Touchdown Pacific In Victoria Aug. 31
VICTORIA – The Canadian Football League (CFL), the BC Lions and the City of Victoria are proud to announce an exciting next step in growing the game across Canada: Touchdown Pacific. “This is a...
Tiičma Fisheries to Expand Aquaculture Operations with New Facility
COURTENAY – A new secure logistics and staging facility at Fair Harbour, in Kyuquot Sound, will allow Tiičma Fisheries to reduce its transportation costs and expand its shellfish aquaculture...
Green Coast Heat Pumps Leads Team To Help Little League Baseball
CENTRAL SAANICH – Teamwork between two local companies has resulted in some great news for Little League baseball teams in Central Saanich. Green Coast Heat Pumps Inc. owner Darcy Cross pulled in...
Deep-Ocean Argo Floats Expand Climate Impact Monitoring in NE Pacific
VICTORIA - Ocean Networks Canada (ONC) has expanded the reach of Pacific Ocean monitoring with the deployment of new deep-sea Argo floats that collect vital ocean data while traveling up and down...
HOUSING MARKET WINDING DOWN TO YEAR-END ON A SLOW NOTE
NANAIMO – Last month, there were 236 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, down two per cent from last November and three per cent from October. Sales...
Russel Metals to Expand Western Canadian Footprint
SURREY - Samuel, Son & Co., Limited, a metals distributor and industrial products manufacturer, announced the initiation of an agreement to sell its Western Canadian and U.S. carbon plate...
2024 Marks 20 Years of Dine Around and Stay in Town Promotion in Victoria
VICTORIA – One of Greater Victoria’s favourite food festivals returns in 2024, providing locals and visitors alike an opportunity to enjoy the region’s world-class culinary scene and make a night of...
CFIB: Labour Shortages Cost Canadian Small Businesses Over $38 Billion in Lost Revenue Opportunities
OTTAWA – Small businesses in Canada missed over $38 billion in revenue opportunities last year because they had to turn down or postpone contracts or sales due to labour shortages, finds a new...
Fire Up Every Leader (FUEL) Offers Courses with January Start
NANAIMO - Sharon Kelly started coaching students at the university, and the long-time Vancouver Island University instructor and advisor is “fired up” about the new business and life coaching...
Cowichan Chamber Board Of Directors Announced For 2024
COWICHAN VALLEY - The Duncan Cowichan Chamber of Commerce marked its 115th anniversary at its Annual General Meeting (AGM) on Tuesday, November 28rd, 2023, at Arbutus Ridge Golf Club with a 1908...
BCREA: Q3′ 2023 Canadian Economic Growth Stats
BRITISH COLUMBIA - Canadian real GDP rose 0.1 per cent from the prior month in September, following contractions in the prior three months. Manufacturing jumped 0.9 per cent in September as...
Diversification Spurs Growth At Industrial Plastics & Paints
Nanaimo Boxwood Road Location. Adds New Line Of Automotive Paints And Supplies By Mark MacDonald NANAIMO – Diversification has been a key to the continued success of Industrial Plastics &...
BC Chamber Survey: Need People? Hire Youth with Disabilities
BRITISH COLUMBIA - Calling all employers! Young people (aged 15-30) with disabilities want to work, yet they remain an under-utilized part of the labour force. In 2022, CanAssist at the University...
Federal Policies Need to Better Reflect Rural Canada
BRITISH COLUMBIA - Prime Minister Justin Trudeau’s recent decision to relieve home heating cost pressures in Atlantic Canada has initiated an important conversation about the challenges faced by...