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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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Better policies key to helping small businesses grow
/in BizNews This Week, Business And Economic Strength, Chamber Awareness, Finding And Keeping Workers, New And Established Businesses/by Jim ZeebenIt’s often said that small businesses are the backbone of their communities, and a new report shows that the numbers back up that claim. The Canadian Chamber’s Business Data Lab recently published Scaling Success: Enabling Small Businesses to Grow. Among its findings are that nearly 70% of private-sector jobs are created by small businesses. The […]
Regulatory burden crushing BC restaurant industry
/in BizNews This Week, Hospitality And Tourism Rescue And Recovery/by Jim ZeebenThey are a bellwether for business health. Restaurants in BC are hurting, which is a concern for everyone. Not only do restaurants operate on the front line of our economy but they provide the venues for much of our community’s vibrancy and social life. “Restaurants are feeling the pain of inflation and low consumer confidence, […]
Chamber policy resolution passes unanimously
/in BizNews This Week, Chamber Awareness, Housing/by Jim ZeebenWork spearheaded by staff at the Greater Victoria Chamber of Commerce has paid off. The Chamber’s paper — Adding to Canada’s housing supply by strengthening Canada’s military through housing on military bases — was adopted at last week’s Canadian Chamber AGM. “I was in Halifax for the conference and there was rigorous debate and amendments […]
Supersized interest rate cut aims to spur economy
/in BizNews This Week, Business And Economic Strength, Global Uncertainty, Inflation And Rising Costs/by Jim ZeebenDoes 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
/in BizNews This Week, Chamber Awareness, Government Provincial/by Jim ZeebenClarity 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
/in BizNews This Week, Government Local/by Jim ZeebenThe 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
/in BizNews This Week, Business And Economic Strength, Chamber Awareness, Transportation Options/by Jim ZeebenIt’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
/in BizNews This Week, Government Local/by Jim ZeebenLife 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
/in BizNews This Week, Business And Economic Strength, Government Local, Safe Communities/by Jim ZeebenInnovation 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
/in BizNews This Week, Chamber News, Government Provincial/by Jim ZeebenWith 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
/in BizNews This Week, Business And Economic Strength, Hospitality And Tourism Rescue And Recovery/by Jim ZeebenDoes 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
/in BizNews This Week, Business And Economic Strength, Housing/by Jim ZeebenWith 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 […]