BRITISH COLUMBIA – The Province will offer funding through the Forest Enhancement Society of BC (FESBC) to increase fibre supply, benefitting forestry workers in BC. The $50 million investment, will...
victoria BUSINESS NEWS
Canadian Consumer Price Index Rose 6.3 Per Cent in December
BRITISH COLUMBIA – A recent report from the British Columbia Real Estate Association showed Canadian prices, as measured by the Consumer Price Index (CPI), rose 6.3 per cent on a year-over-year...
The FBA Family Is Growing
New Leader Spurring Membership Increase At Family Business Association VICTORIA – As the new Executive Director of the Family Business Association Vancouver Island, Barb Quinn has a straightforward...
WEST SHORE: Start The New Year Off Right With Your Local Chamber
WEST SHORE - Happy New Year! For the first time since 2020, we are gearing up for a full year of advocacy, activities, and events. It feels somewhat surreal after the last three years, and not...
BC Chamber of Commerce Statement on BC Green Party’s Proposal to Increase EHT Threshold
BRITISH COLUMBIA - In 2021, our members approved a policy resolution seeking this change [find it here] and we have advocated many times for the provincial government to act. The EHT is a tax on...
BCREA: November 2022 Retail Sales Report
BRITISH COLUMBIA - Canadian seasonally-adjusted retail sales fell 0.1 per cent in November to $61.8 billion. Sales fell in 6 of 11 subsectors but were led by lower sales at food and beverage stores...
C.D. Howe Calls for Bank of Canada to Hold Overnight Rate at 4.25 Per cent
OTTAWA – The C.D. Howe Institute’s Monetary Policy Council (MPC) recommends that the Bank of Canada hold its target for the overnight rate, its benchmark policy interest rate, at 4.25 per cent on...
Rogers Cell Towers Nearing Completion on Highway 14
BRITISH COLUMBIA - Rogers Communications has now completed five of its seven new cellular towers along BC Highway 14, which will provide seamless coverage from Sooke to Minute Creek. Construction is...
BC Housing Builds Record Number of Purpose-Built Rental Homes
BRITISH COLUMBIA – BC Housing has released new data showing a record number of purpose-built rental homes built in 2022. This will help with the lack of affordable homes available. The 2022 New...
$10M For HTEC Hydrogen Production Facility At Harmac
NANAIMO – HTEC will receive $10 million through the Investments in Forest Industry Transformation program for a renewable hydrogen production facility at the Harmac Pacific Pulp Mill, with the...
December 2022 Housing Starts Decline
BRITISH COLUMBIA - Canadian housing starts showed a decline of 5.5 per cent to 248,625 units in December at a seasonally-adjusted annual rate (SAAR). Starts were up 1.4 per cent from December of...
Former ICBC President Takes Top Spot at BC Ferries
BRITISH COLUMBIA - The BC Ferry Services Board has appointment of Nicolas Jimenez as President and Chief Executive Officer of BC Ferries, effective March 6, 2023. Mr. Jimenez is currently the...
BBB Vancouver Island Announce 2023 Board of Directors
VICTORIA – The Better Business Bureau (BBB) serving Vancouver Island is proud to announce the Board of Directors for the 2023 calendar year. “We would like to offer a special thanks to the...
BCREA: Sales Decline in 2022
BRITISH COLUMBIA - The British Columbia Real Estate Association (BCREA) reports that 80,874 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2022, a 35.2 per cent...
Vancouver Island and Coast Communities Receive Over $3.9 million
Government of Canada Making Investments to Stimulate Local Economies VANCOUVER ISLAND - The Federal government recently announced over $3.9 million in PacifiCan funding for 21 projects across...
RBC Capital Markets: Paper, Packaging & Forest Products-Capacity Round Up
CANADA - Lumber prices decreased; OSB prices flat. According to Random Lengths (“RL”), the Framing Lumber Composite decreased by $7 w/w to $373, while the OSB Composite remained unchanged w/w at...