Canada Post Reports $290-Million Loss Before Tax In Third Quarter OTTAWA - Canada Post recorded a loss before tax of $290 million in the third quarter of 2023 as revenue fell for the Parcels and...
victoria BUSINESS NEWS
BC Ferry Second Quarter Results Reflect Continued Strong Traffic
VICTORIA - BC Ferries' net earnings for the three months ended September 30, 2023, were $102.1 million, an increase of $21.7 million over the same quarter the previous year. For the six months ended...
CFIB: Federal Fall Economic Statement Fails To Address Key Small Business Concerns
OTTAWA - The Canadian Federation of Independent Business (CFIB) is deeply disappointed the federal government’s 2023 Fall Economic Statement did not include any measures to help small businesses...
BCREA: October 2023 Inflation Report
BRITISH COLUMBIA - Canadian prices, as measured by the Consumer Price Index (CPI), rose 3.1 per cent on a year-over-year basis in October, down from 3.8 per cent in September. Excluding gasoline,...
New Strategies to Support Economy in Cowichan Valley
COWICHAN VALLEY - The Municipality of North Cowichan and Economic Development Cowichan are pursuing a new economic development action plan and economic development strategy, respectively, through...
CPABC: BC Labour Market Cools, but Still Resilient
BRITISH COLUMBIA - According to the latest BC Check-Up: Work report, an annual release by the Chartered Professional Accountants of British Columbia (CPABC) examining employment trends across the...
Alberni’s Coulson Aviation Wins Major Firefighting Contract in Chile
PORT ALBERNI – Coulson Aviation has been awarded a three-year firefighting contract with Corporation Nacional Forestal (CONAF) of Chile for a C-130H Hercules Large AirTanker and a Citation 550 air...
Formula 1® Content to Be Added to STN Online Video Platform
VICTORIA - STN Video, an online video platform for publishers that care about user experience, content and monetization, has signed an agreement with Formula 1® that allows publishers on the STN...
STANDARDIZED DESIGNS WILL HELP BUILD MORE BC HOMES
BRITISH COLUMBIA - Homeowners and builders will soon be able to develop new housing quicker and with less cost as the Province works to create new standardized designs for small-scale, multi-unit...
BCREA: October 2023 Housing Starts
BRITISH COLUMBIA - Canadian housing starts rose 1 per cent to 274,681 units in October at a seasonally adjusted annual rate (SAAR). Starts were up 4 per cent from the same month last year....
FALLING FAST: CANADA’S DANGEROUS SLIDE IN BUSINESS INVESTMENT
OTTAWA - Weak business investment in Canada poses a profound threat to Canadian living standards and competitiveness, says a new report from the C.D. Howe Institute. In “Working Harder for Less:...
Vecima Reports Q1 Fiscal 2024 Results
VICTORIA - Vecima Networks Inc. (TSX: VCM) reported financial results for the three months ending September 30, 2023. “Vecima performed well in the first quarter as we achieved positive operating...
Insurance Firm Partners Complete Capitals Transaction
Maxxam Insurance owners lead Island Capitals Sports & Entertainment Purchase of Duncan Junior Hockey Team By Mark MacDonald DUNCAN – The Cowichan Valley Capitals have received plenty of...
High Borrowing Costs Slow Real Esate Market
BRITISH COLUMBIA - The British Columbia Real Estate Association (BCREA) reports that a total of 5,373 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in October...
Capital Regional District Announces Elections of Board Chairs and Vice-Chairs
VICTORIA - At the board meetings of the Capital Regional District (CRD), the Capital Regional Hospital District (CRHD) and the Capital Region Housing Corporation (CRHC), Directors elected the Chairs...
Challenging Third Quarter Results For Forestry Firm Canfor
PRINCE GEORGE – Canfor Corporation posted $65.1 million operating loss in the third quarter of 2023, including a $49.3 million loss from Canfor Pulp Products Inc. Despite stable global pulp market...