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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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Province’s political landscape shifts as BC United Party folds
/in BizNews This Week, Chamber Awareness, Government Provincial/by Jim ZeebenA scenario discussed earlier this year during The Chamber’s Leading to Election series has now become reality. The BC United Party’s leader Kevin Falcon announced today he is stepping aside and will work to have his party’s candidates merge with the Conservative Party of BC. In a joint media release, Falcon stated he suspended his […]
Input sought on Uptown’s future as a transit hub
/in BizNews This Week, Business And Economic Strength, Climate Change Solutions, Transportation Options/by Jim ZeebenHow will you be affected by plans to transform the Uptown neighbourhood through transit-oriented development? Find out and have your say as the first round of public engagement for the area is underway and will continue until Sept. 18. Your feedback will help set the vision for the area, including a potential transit exchange connected to proposed new homes […]
Slowing inflation paves way for further interest rate cuts
/in BizNews This Week, Global Uncertainty, Inflation And Rising Costs/by Jim ZeebenThe wind appears to be out of the sails of inflation, clearing the way for reduced borrowing costs later this year. Statistics Canada reported yesterday that the Consumer Price Index rose 2.5% in July, the slowest pace since March 2021. Lower costs for phone services, computers and vehicles offset a slight increase in fuel prices. “Businesses that have been […]
Rail shutdown poses critical threat to our economy
/in BizNews This Week, Business And Economic Strength, Chamber Awareness, Food Security, Government Federal, Transportation Options/by Jim ZeebenThe Chamber continues to call on our region’s Members of Parliament as well as the federal government to take immediate action to ensure the continuation of rail services. A strike that began Aug. 22 threatens to disrupt local economies as well as our country’s national security. Working with our national chamber network, we have been asking […]
Seminar at Chamber aims to help ‘get out the vote’
/in BizNews This Week, Chamber Awareness, Chamber News, Government Provincial/by Jim ZeebenThe Chamber is teaming up with the Democratic Engagement Exchange and Inter-Cultural Association of Greater Victoria to offer a free elections readiness workshop on Aug. 29. This training session will help people support a healthy democracy by providing best practices for non-partisan voter engagement. The workshop is being held in The Chamber’s seminar room and […]
GVHS adds 68 affordable rental homes in Victoria
/in BizNews This Week, Finding And Keeping Workers, Housing/by Jim ZeebenAffordable housing is vital to the health of Greater Victoria’s economy and The Chamber applauds news that 68 homes will remain accessible after being acquired by the Greater Victoria Housing Society. The GVHS purchased 68 homes on properties at 430 Michigan St. and 1500 Chambers St. “We thank our partners, through the leadership of the Province, […]
Mustard Seed cupboards need help this summer
/in BizNews This Week, Chamber Awareness, Food Security/by Jim ZeebenThe Mustard Seed’s summer campaign — “Hunger Doesn’t Go on Vacation. Neither Do We.” — has raised $19,000 in monetary donations and $5,000 in canned goods so far. However, donations have dropped off significantly in the last two weeks and the organization needs help making sure it can meet the demand of people in need. […]
Chamber calls on feds to focus funds on military housing
/in BizNews This Week, Chamber Awareness, Government Federal, Housing/by Jim ZeebenThe Chamber’s proposed policy resolution calling for investment in military housing has successfully taken the next step to being officially adopted by the national chamber network. After passing an initial review, the proposed resolution will be debated at the Canadian Chamber AGM in October. Greater Victoria Chamber of Commerce staff worked with the Halifax Chamber […]
Old Man Lake wildfire near Sooke finally contained
/in Business And Economic Strength, Climate Change Solutions, Safe Communities/by Jim ZeebenThe wildfire near the District of Sooke that has been spreading smoky skies across the South Island is now officially categorized as contained. Thanks to recent wet weather and the determined efforts of firefighters, the blaze is not expected to grow beyond its 230-hectare size. The fire was reported on July 22. However, as crews […]
RapidBus times to benefit from highway investment
/in Finding And Keeping Workers, Transportation Options/by Jim ZeebenThe commute between the West Shore and the Victoria core will be a little more convenient, the federal government said this week. A $95 million funding partnership between the feds and provincial government will widen 3.8 kilometres of highway between the McKenzie and Colwood interchanges. The change will create a continuous route for BC Transit‘s […]
Bank of Canada cuts interest rates again, as expected
/in Business And Economic Strength, Inflation And Rising Costs/by Jim ZeebenThe Bank of Canada has further reduced its overnight rate. The cut was widely expected by economists as inflation appears to be under control and heading back to the target 2% rate. The next opportunity to further reduce interest rates is in September. The Bank also released its Business Outlook Survey and its Canadian Survey of Consumer Expectations on July 15. Both reports found that public expectations for […]
Rifflandia always a big boost for business in our region
/in Business And Economic Strength, Hospitality And Tourism Rescue And Recovery/by Jim ZeebenIt’s become an icon of 21st century Greater Victoria, generating $7 million in economic impact and serving as a vanguard of emerging culture in our region. Rifflandia, the music festival that put Vancouver Island on the international concert map, is preparing for its 2024 edition, Sept. 13-15, at the Matullia Lands in Rock Bay. This year, […]