BizNews

Breaking news for Greater Victoria businesses

Published weekly, BizNews offers information to help Greater Victoria’s business community make sense of our shifting economic and political landscape. The Chamber’s flagship newsletter is distributed to more than 5,000 subscribers who are highly engaged and active in our region’s business community. Scroll down to read the latest.

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Supersized interest rate cut aims to spur economy

Does today’s news from the Bank of Canada mark the start of better times? Maybe. There is certainly plenty of buzz surrounding this morning’s announcement that the policy interest rate has been cut by 0.5% to stand at 3.75%. It’s the biggest drop since 2020, back when the bank needed to reassure an economy frozen […]

BC’s political future remains uncertain after tight election

Clarity on BC’s political future will have to wait. The provincial election remains mired in recounts that could take a week to determine who will form government. “We knew this was going to be a close election and Greater Victoria’s business community is ready and eager to work with whichever party forms government,” Chamber CEO […]

Survey helps helps create safety and well-being plan

The Capital Regional District is working on a plan to improve the safety and well-being of Greater Victoria residents. “The value of safe communities is something we can all agree on. It has been a Chamber advocacy priority for years and we’re happy to participate in the regional district’s effort to build a great community […]

Go beyond the headlines to learn about BC Ferries

It’s not an overstatement to say Greater Victoria depends on BC Ferries to connect us to the world. We rely on this iconic institution for so many of our material needs, from groceries to industrial supplies, and for our connections to family and friends. However, hardly a day goes by without BC Ferries making headlines […]

Oak Bay survey takes the (happy) pulse of community

Life is good in the District of Oak Bay, according to feedback from residents and business owners in the 2024 survey. “The annual questionnaire provides the opportunity for staff and Council to hear directly from our residents and taxpayers, taking the pulse our community,” Oak Bay Mayor Kevin Murdoch said. Oak Bay’s quality of life […]

Pilot aims to turn vacancy into vibrancy downtown

Innovation led by business is so often the answer to challenges that can seem insurmountable. Another potential example of this is the goal of the Victoria Storefront Pilot project, which aims to add life to the city’s underused commercial real estate. The plan is being developed and is initially focused on bringing arts and cultural […]

Saturday election will provide clarity about political future

With BC’s general election set for Saturday, several Island electoral areas remain up in the air according to polling site 338canada. Advance polls close tonight at 8 pm, and polls for final voting day will be open from 8 am to 8 pm on Oct. 19. “Please, if you haven’t cast a ballot already, make […]

Cruise ship industry seeks feedback from businesses

Does your business benefit from the cruise ship economy, or would you like to help serve this important sector? The Chamber is working with our community partners in the tourism industry to help them learn more about the Greater Victoria businesses that provide goods and services to cruise ship lines, passengers and crew. A survey […]

Real estate market balanced for buyers and sellers

With another Bank of Canada interest rate cut expected later this month — and more cuts potentially on their way — stats from the real estate industry show that the market is becoming more balanced. “The real estate market in Victoria right now is much more stable and more predictable than it has been in […]

BC leaders exchange barbs on televised debate

  It’s too soon to tell whether Tuesday night’s leadership debate made a significant difference for voters. The televised discussion featured BC NDP leader David Eby, Conservative Party of BC leader John Rustad and BC Green Party leader Sonia Furstenau. Across Greater Victoria and the province, all candidates are officially registered in their electoral areas with final […]

Chamber data helps educate US about protectionism risks

A new report on the US election paints a stark picture of how campaign rhetoric poses real risks to Canada’s economy. The Canadian Chamber of Commerce’s Business Data Lab found that protectionist practises, if enacted, would negatively affect our country as well as most US states along our border. “When you dig into the data, […]

Condé Naste ranks Victoria as world’s best small city

We did it again! For the second year in a row, Victoria has been crowned Best Small City in the World by Condé Nast Traveler. Our region captured the imagination of travel readers thanks to the same qualities they loved about us last year. Our proximity to the big city of Vancouver (no mention of […]