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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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Region ranked 36th among cities facing tariff impacts
/in BizNews This Week, Chamber Awareness, Global Uncertainty/by Jim ZeebenAnother day, another market-shaking remark from the economic elephant south of the border. After giving Canada a 30-day reprieve from his initial 25% tariff threat, US President Donald Trump surprised everyone by announcing a 25% tariff on steel and aluminum. The seemingly random rhetoric has created uncertainty in the business world — a world that […]
Chamber CEO moderating Beacon Services workshop
/in BizNews This Week, Chamber Awareness, Finding And Keeping Workers/by Jim ZeebenChamber CEO Bruce Williams is moderating a full day of discussion, from 9am to 4pm on Feb. 7, about how our region can do more to help employers find and keep workers. Beacon Community Services is putting on the event, which includes a keynote speech by Osoyoos Band Chief Clarence Louie. The band is the […]
Inventory rebounds as real estate market stabilizes
/in BizNews This Week, Housing/by Jim ZeebenMore homes sold in January than the same month a year ago, as the Victoria Real Estate Board reports 2025 is off to a good start. “Over the course of the month, we saw an uptick in new listings, and it is the first time in 10 years that over 1,000 new listings were added […]
New DND homes a win for Chamber and economy
/in BizNews This Week, Chamber Awareness, Government Federal, Housing/by Jim ZeebenAdvocacy works. The latest win for The Chamber is news that the federal government is moving to address our 2024 policy resolution “Adding to Canada’s Housing Supply by Strengthening Canada’s Military Through Housing on Military Bases.” In January, the government announced the construction of 668 new residential housing units and the renovation of more than […]
Chief Justice answers Chamber on chronic criminals
/in BizNews This Week, Chamber Awareness, Safe Communities/by Jim ZeebenCanada’s Chief Justice Richard Wagner and Justices Andromache Karakatsanis and Nicholas Kasirer were in Victoria this week as part of an effort to bring the Supreme Court “closer to Canadians.” In a world marked by misinformation, the Court needs to do more to help the public understand the work it does and how its decisions […]
Feds announce summit to spark Canadian economy
/in BizNews This Week, Global Uncertainty, Government Federal/by Jim ZeebenThe federal government announced today that it will hold a Canada-US Economic Summit on Feb. 7. The summit will bring together Canadian leaders in trade, business, public policy and organized labour. Their aim will be to make it easier to build and trade within Canada — the ninth-largest economy in the world — as well […]
Tariff threat on hold, but clock ticks for new plan for Canada
/in BizNews This Week, Chamber Awareness, Global Uncertainty, Inflation And Rising Costs/by Jim ZeebenBusinesses were quick to respond to the imminent threat of US tariffs, with calls to support local and buy Canadian. Now that the trade war has been “paused,” it’s clear we need to be better prepared in case US President Donald Trump does impose crippling tariffs on Canadian products. Chamber CEO Bruce Williams has been […]
Eby names ‘war-room’ to protect BC against US tariffs
/in BizNews This Week, Global Uncertainty, Government Provincial/by Jim ZeebenWith US President Donald Trump threatening to impose tariffs as early as Saturday, BC Premier David Eby has assembled a cabinet committee to fight back. Housing and Municipal Affairs Minister Ravi Kahlon will chair the committee, which will act as a day-to-day war room. “This threat isn’t going away anytime soon – not while this […]
Bank cuts interest rates again as uncertainty remains
/in BizNews This Week, Chamber Awareness, Global Uncertainty, Inflation And Rising Costs/by Jim ZeebenThis morning, the Bank of Canada reduced its target for the overnight rate to 3%. The Bank also said it was ending quantitative tightening, starting gradually in early March. Economic projections are more fuzzy now than they typically are because of the shifting political landscape, particularly the threat of US tariffs. “With inflation around 2% […]
New: post-budget breakfast with BC Finance Minister
/in BizNews This Week, Chamber Awareness, Government Provincial/by Jim ZeebenWith businesses facing ongoing uncertainty, it’s good to know that at least one economic tradition will continue this year. The Greater Victoria Chamber of Commerce will once again host the provincial Finance Minister, at a breakfast event presented by Coastal Community Credit Union & Insurance Services, the morning after BC Budget 2025 is unveiled. This […]
Inflation falls lower in December: Statistics Canada
/in BizNews This Week, Inflation And Rising Costs/by Jim ZeebenThere was good news from Statistics Canada this week as the agency reported inflation continued to slow in December. The Consumer Price Index was 1.8% on a year-over-year basis in December, down from 1.9% in November. Restaurant meals and alcohol were directly connected to the deceleration. A temporary GST break on some items took effect in […]
Seabed carbon worth study: Ocean Networks Canada
/in BizNews This Week, Climate Change Solutions/by Jim ZeebenA proposal to remove CO2 from the atmosphere and bury it safely in the seabed is one of the incredible examples of climate action leadership in Greater Victoria. The Solid Carbon project is being studied by Ocean Networks Canada and other world-renowned institutions. The work was recently highlighted by the Times Colonist in a story […]