FORT ST. JOHN – Construction is continuing at a steady pace as the Site C dam on the Peace River, which is on track to have all six generating units in service by the fall of 2025. As of the end of...
GREATER VICTORIA BUSINESS NEWS
Federal Government Gives Green Light on Cedar LNG
BRITISH COLUMBIA - Following the assessment of the Cedar LNG Project conducted by British Columbia, the Minister of Environment and Climate Change and Minister responsible for the Impact Assessment...
Provincial Distribution Centre Announced For Colwood
VICTORIA – The Federal government and BC Transit, announced a joint investment of more than $20.6 million towards a central Provincial Distribution Centre in Colwood. Funding will upgrade three...
BC Housing Starts Drop by 25% in February
BRITISH COLUMBIA - Canadian housing starts rose 13 per cent to 243,959 units in February at a seasonally-adjusted annual rate (SAAR) according to the British Columbia Real Estate Association...
Cedar LNG Receives Environmental Approval
BRITISH COLUMBIA - A BC environmental assessment certificate has been issued to Cedar LNG Partners LP for the proposed Cedar LNG project in northwestern British Columbia, following a joint decision...
UVIC National Centre for Indigenous Laws Construction Underway
VICTORIA - Construction is now underway for the long-awaited National Centre for Indigenous Laws (NCIL) at the University of Victoria. The Law Foundation of British Columbia announced it is...
Blackwater Gold Mine Gets Green Light From BC
PRINCE GEORGE – All systems are go for the creation of the Blackwater Mine, expected to be the largest gold mine development project in the Cariboo in over a decade. The provincial government has...
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,...
Rick Hansen Foundation BC Grants Program Supports Eight Municipalities
BRITISH COLUMBIA - The Rick Hansen Foundation (RHF) celebrates eight municipalities across British Columbia who have committed to improving accessibility through their participation in the BC Grants...
VICA’s April 14th Event Discusses Labour Issues and Solutions
VANCOUVER ISLAND - When you’re facing a labour crisis like the construction industry is currently navigating, any positive news is welcome. According to BC’s Labour Statistics, the construction...
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...
Fraser Institute: Women’s Economic Rights—Moving Closer to Gender Equality?
OTTAWA - Despite improvements worldwide, 42 countries continued to have restrictions on the economic rights of women over a recent two-year period while 13 countries lifted legal restrictions on...
Sidney-Anacortes Ferry Service Not Expected To Resume Until 2030
VICTORIA – The ferry service between Anacortes and Sidney has been suspended. The Washington State Ferries Service released an updated timeline for the restoration of the international run between...
