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...
victoria BUSINESS NEWS
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...
A Poll of Canadians on the Average Family’s Taxes
74 Per Cent Of Canadians Surveyed Believe The Average Family Is Being Over-Taxed BRITISH COLUMBIA - The total tax bill continues to rise for the average Canadian family as 74 per cent of Canadians...
District of Saanich Survey Results
SAANICH – Eighty-nine per cent of residents rate the quality of life in the District of Saanich as good or very good according to the recent citizen and business survey results. BC Stats conducted...
Naked Radio Worth Tuning Into At Chemainus Theatre
CHEMAINUS - To the naked eye, Naked Radio welcomed patrons to an evening of feel-good singing and light-hearted mirth at Chemainus Theatre. A nostalgic look back at the “good old days” of small-town...
ADVISORY: Investing Surplus Corporate Cash
NANAIMO - The purpose of running a business is to generate income. Once your hard work results in surplus cash, you’ll want to think about how to invest this money. First, you need to understand how...
What You Need to Know: Navigating Canada’s Underused Housing Tax
BRITISH COLUMBIA - On June 9, 2022, the federal government enacted the Underused Housing Tax (UHT), effective for the 2022 tax year. The first filing for 2022 is due on April 30, 2023. While...
Wickaninnish Inn Riding High Over The Waves
Acclaimed Tofino Property Earns Hotels, Motels & Inns Business Excellence Award By Mark MacDonald TOFINO – When Charles McDiarmid and the McDiarmid family proposed the idea of “storm watching” a...
Homewood Constructors is Keeping it in the Family
VANCOUVER ISLAND – Growing up in a family of builders instills a certain commitment to craft. For John Newton, founder of Homewood Constructors, his upbringing taught him that in order to have...
West Shore Chamber: Full Speed Ahead?
WEST SHORE - I don’t know about you, but I was looking forward to a January where I would get completely organized for 2023. Maybe not everything completely mapped out, but a robust plan in place....
Teamwork Fuels Enex Energy Corp. To Top BE Award
Outstanding 2022 Growth Drives Firm To Vancouver Island Business of the Year Award By Mark MacDonald BRITISH COLUMBIA – When Enex Energy Corp. was named Business of the Year at the January 26 MNP...
OPINION: Electric Vehicles Now More Expensive To Run Than Gas Cars, Study Says
BRITISH COLUMBIA - Electric cars are now more expensive to operate than gas-powered vehicles. This stunning revelation by the Anderson Economic Group (AEG) was shared in a Fox Business news story,...
Province Makes $500-Million Investment to Reduce BC Ferry Fares
BRITISH COLUMBIA - In an effort to aid those relying on BC’s Coastal ferry service, the BC Government is providing $500 million in new funding for BC Ferries. Through a recent submission to...
Provincial Budget 2023 Focuses On Affordability, But Not On Business
BRITISH COLUMBIA — Today in Victoria, the Government of British Columbia released its 2023 budget that prioritizes spending for important social and community initiatives but comes at the expense of...
February 2023 Capital Region Commercial Real Estate Report
By Mike Kozakowski of Citified.ca COLWOOD A 15-year development effort failed to secure approvals in its latest form on Bezanton Way near the intersection of Latoria Road...