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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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Whoa Premier! Proposed power grab needs a rethink

March 19, 2025/in BizNews This Week, Chamber Awareness, Fair Rules, Global Uncertainty, Government Provincial/by Jim Zeeben

The Chamber takes pride in working well with any government, regardless of their political stripes. However, there are times when decisions are announced that leave us shaking our heads. The latest, or at least most egregious, was the surprise introduction of Bill 7 last Friday. BC Premier David Eby claimed the legislation is needed in […]

Help wanted? Workers caught in TFW rule changes

March 19, 2025/in BizNews This Week, Finding And Keeping Workers, Government Federal, Immigration And Integration, Training And Microcredentials/by Jim Zeeben

The Chamber continues to work to address ill-advised changes to Canada’s Temporary Foreign Workers program. We’ve met with Victoria’s Member of Parliament and heard from several Chamber members about the damaging impact this blanket legislation is causing in our region. Canadian Tire Hillside has reached out to ask for help finding work for four of […]

Inflation adds uncertainty to future interest rate cuts

March 19, 2025/in BizNews This Week, Business And Economic Strength, Global Uncertainty/by Jim Zeeben

A surprising uptick in inflation has increased the focus on April 2, when the world is expected to learn how the US administration will roll out tariffs aimed at changing the global economy. Canada’s Consumer Price Index rose 2.6% year over year in February, following an increase of 1.9% in January. The Bank of Canada considers 2% […]

March 11 marked COVID national day of Observance

March 12, 2025/in BizNews This Week, Chamber Awareness, Global Uncertainty, Safe Communities/by Jim Zeeben

It seems like another lifetime. On March 11, 2020, the World Health Organization officially declared a global pandemic. Our way of life, and, for many, way of doing business, was turned upside down. COVID-19 was an unknown and dangerous disease that would claim 6,600 people in BC and almost 60,000 across Canada despite unprecedented efforts […]

Province recruiting doctors and nurses amid US chaos

March 12, 2025/in BizNews This Week, Government Provincial, Safe Communities, Training And Microcredentials/by Jim Zeeben

The provincial government is seeing opportunity in the political divide currently impacting the United States. BC has begun a recruitment campaign targeting doctors and nurses from the US and fast-tracking credential recognition. The College of Physicians and Surgeons of BC is being consulted on a direct process for doctors who hold certification from the American […]

Bank drops interest rate, citing trade war uncertainty

March 12, 2025/in BizNews This Week, Global Uncertainty, Inflation And Rising Costs/by Jim Zeeben

The Bank of Canada made another cut to interest rates today, lowering the overnight rate to 2.75%. “The Canadian economy entered 2025 in a solid position, with inflation close to the 2% target and robust GDP growth,” the Bank said in a media release. “However, heightened trade tensions and tariffs imposed by the United States […]

BC pulls all US alcohol from province’s liquor stores

March 12, 2025/in BizNews This Week, Global Uncertainty/by Jim Zeeben

Serious, surreal and silly. Any of these work for describing the current relationship between Canada and the United States as President Trump continues to attack Canadians’ national identity while threatening to gravely damage businesses, families and industry on this side of the border. The trade war started with tariffs, which serve as a tax paid […]

Safety for Business session set for next week

March 5, 2025/in BizNews This Week, Government Local, Safe Communities/by Jim Zeeben

The City of Victoria‘s Small Business Info Session: Safety for Business is set for March 12, 4:30 to 7:30 pm, at Victoria City Hall. The session aims to help businesses better understand the resources available to improve their security and ensure customers and staff have a sense of safety. Businesses can also contribute feedback to […]

New report offers insight into Canadian real estate

March 5, 2025/in BizNews This Week, Finding And Keeping Workers, Housing, Inflation And Rising Costs/by Jim Zeeben

What do the current events of 2025 mean for Canada’s real estate industry? There’s no crystal ball to foretell the future, but the expert prognosticators at Doane Grant Thornton have put together some thoughtful insights in their 2025 Real Estate market summary. The report looks at key trends, including the political winds blowing north from […]

Navigate the trade war seas with MNP resource kit

March 5, 2025/in BizNews This Week, Global Uncertainty/by Jim Zeeben

This week saw the first shots fired in a trade war started by US President Donald Trump. The action led to retaliatory tariffs and a heating up of rhetoric across social media. But how will tariffs affect you and your business? To help better understand the specific challenges, MNP has released a Trade Impact Navigator. […]

BC Budget 2025 attempts to tackle trade war’s unknowns

March 5, 2025/in BizNews This Week, Chamber Awareness, Global Uncertainty, Government Provincial, Inflation And Rising Costs/by Jim Zeeben

The best news from yesterday’s BC Budget 2025 announcement was a promise from the provincial Finance Minister to work more closely with businesses going forward. As is tradition, the minister met with the Greater Victoria Chamber of Commerce today to discuss the budget. Brenda Bailey, a former tech sector entrepreneur, was elected to government in […]

First cruise ship of the season arrives March 6

March 5, 2025/in BizNews This Week, Chamber Awareness, Transportation Options/by Jim Zeeben

This year’s cruise ship season begins March 6, when the Disney Wonder is scheduled to arrive at 8 am before departing at 5 pm from Pier B at The Breakwater District at Ogden Point. “As we embark on the 2025 cruise season, we are thrilled to welcome visitors from around the world to our vibrant […]