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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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Work continues on reducing internal trade barriers
/in BizNews This Week, Business And Economic Strength, Government Federal, Government Provincial/by Jim ZeebenWith less than two weeks to go for Canada’s new Prime Minister to meet his promise of reducing barriers to inter-provincial trade, the national chamber network is encouraging lawmakers to move quickly. On Monday, the Canadian Chamber appeared before a Senate committee to highlight the urgent need to reduce internal trade barriers and accelerate the […]
Armed Forces funding good news for Greater Victoria
/in BizNews This Week, Finding And Keeping Workers, Global Uncertainty, Government Federal/by Jim ZeebenLast week, the Canadian Chamber took part in the federal government’s announcement that Canada is investing in rebuilding our Armed Forces. The move is expected to help the economy, especially in communities such as Greater Victoria that are home to significant Armed Forces infrastructure. “Canada has a long and proud history of remarkable military and […]
Saanich launches new BusinessCare program
/in BizNews This Week, Business And Economic Strength, Government Local/by Jim ZeebenThe District of Saanich announced a new initiative aimed at business retention and engagement. The municipality hopes the program will lead to business growth and economic resiliency. Saanich BusinessCare involves quick, in-person visits by Saanich’s Economic Development Office so that staff better understand how policies and programs affect businesses in the District. “As our economy […]
Panel releases plan to make Victoria safer for business
/in BizNews This Week, Government Federal, Government Local, Government Provincial, Safe Communities/by Jim ZeebenHow can we make our communities safer? It’s a fundamental question that speaks to the very foundation of our region’s economy. On June 19, the City of Victoria will consider the Community Safety and Wellbeing Plan that was created through the input of a 10-person panel that began meeting 18-months ago. “We know Chamber members […]
Feds expand summer job subsidy for students
/in BizNews This Week, Finding And Keeping Workers, Government Federal, Training And Microcredentials/by Jim ZeebenThe latest job numbers show that Greater Victoria, at 3.7%, continues to have one of the lowest unemployment rates in Canada. The average rate across the country for May was 7%. However, the rate for students ages 15 to 24 was 20.1%. It’s increased steadily each year from a low of 11.4% in May 2022. […]
Applications open for Storefronts Activation program
/in BizNews This Week, Business And Economic Strength, Government Local, Safe Communities/by Jim ZeebenThe Chamber has been working on an initiative to help businesses in downtown Victoria turn empty or underutilized storefronts into vibrant spaces that enhance the area’s appeal. The City of Victoria‘s Storefronts Activation Program promotes safe communities and business growth and development by connecting property owners with artists and performers to create temporary indoor activations. […]
Taskforce identifies first steps on path to prosperity
/in BizNews This Week, Business And Economic Strength/by Jim ZeebenThe South Island Prosperity Partnership‘s Rising Economy Taskforce released its preliminary findings last week, revealing huge opportunities for Greater Victoria to redefine its economy. “This includes creating high-value jobs for the next generation, attracting healthcare and essential workers, and maintaining our quality of life through sustainable prosperity and innovation,” Taskforce Chair and SIPP CEO Aaron […]
Chamber stands by DVBA’s call for government action
/in BizNews This Week, Chamber Awareness, Safe Communities/by Jim ZeebenThe Chamber is always among the first to sing the praises of downtown Victoria, which is often recognized as one of the most beautiful and livable downtowns of its size in the world. We’re also quick to point out the challenges it’s faced, and we stand by today’s report from the Downtown Victoria Business Association […]
BC Ferries announces more details for new vessels
/in BizNews This Week, Business And Economic Strength, Chamber Awareness, Climate Change Solutions, Government Provincial, Hospitality And Tourism Rescue And Recovery, Transportation Options/by Jim ZeebenThe Chamber is a strong supporter of the work BC Ferries does as a vital transportation and supply chain link for Greater Victoria. “Our organizations have a very good relationship and we are encouraged by the business-minded approach BC Ferries takes to its long-term feasibility and sustainability,” Chamber CEO Bruce Williams said, who spoke today […]
Research shows value of tourism sector on the Island
/in BizNews This Week, Hospitality And Tourism Rescue And Recovery/by Jim ZeebenIt’s National Tourism Week and Destination BC has released new tourism profiles for tourism across the province. “In 2022, travellers in the Vancouver Island tourism region were hosted by 2,700 tourism businesses and 26,300 tourism employees,” the profile for Vancouver Island states. “Collectively, the tourism industry generated $3.2 billion of gross spending in the region, […]
Greater Victoria real estate market ‘boring’ but stable
/in BizNews This Week, Business And Economic Strength, Finding And Keeping Workers/by Jim ZeebenHome sales in Greater Victoria picked up in May, though the total is still slightly below the same month last year. “Ample inventory coming to market outpaced brisk sales, which provided a consistent amount of choice and eased competition on high-demand properties,” Victoria Real Estate Board Board Chair Dirk VanderWal said in a media release. […]
Interest rate unchanged as Bank cites uncertainty
/in BizNews This Week, Inflation And Rising Costs/by Jim ZeebenThe Bank of Canada announced this morning it would stand pat on its target for the overnight rate at 2.75%. The pause was not a surprise for economists as recent GDP numbers show Canada’s economy is stronger than many expected. “The trade conflict initiated by the United States remains the biggest headwind facing the Canadian […]