BizNews This Week Archives - Page 3 of 19

Another Postal disruption simply bad for business

May 29, 2025/in BizNews This Week, Business And Economic Strength, Fair Rules/by Jim Zeeben

The Chamber is calling for a quick resolution to the simmering Canada Post labour dispute. Across the country, many businesses rely on dependable delivery service and, for some, the only option is currently Canada Post.

The Canadian Chamber’s Business Data Lab shows that supply chains are already facing challenges and any further disruption could make some businesses nonviable.

“Roughly 130,000 Canadian businesses were directly impacted by logistics-related labour disputes last year. Another stoppage — particularly during a fragile economic recovery — risks slowing deliveries, straining e-commerce and delaying critical services like payments and housing approvals,” the Canadian Chamber said. “Continuity matters. Business needs certainty, not another bottleneck.”

In Greater Victoria, we’ve seen first-hand how a postal strike can hurt small businesses and non-profit organizations.

“We know that many organizations still rely on Canada Post for cheques and fundraising. If they can’t rely on this service, they need to find alternatives and that could lead to higher costs or delays, and it certainly isn’t good for maintaining trust in Canada Post” Chamber CEO Bruce Williams told the Times Colonist, noting that “during the last postal strike, Chamber team members drove around the region to pick up and drop off payments and invoices for local businesses.”

On Wednesday, Canada Post gave its latest and “final” offer to the union representing 55,000 of its workers. You can find ongoing updates here:

Highway project will ease commute — eventually

May 29, 2025/in BizNews This Week, Finding And Keeping Workers, Government Provincial, Transportation Options/by Jim Zeeben

Connecting communities is critical for helping business flow smoothly around the region. There are deliveries to make and appointments to keep, but good transportation is also vital to helping employers find and keep workers. This has been a consistent advocacy priority for Chamber members, who help us understand their biggest challenges by filling out our annual member survey as well as in daily interactions.

Of course, building better transportation corridors can require patience. That’s the case across the region, including Highway 1 where the bus-on-shoulder project is currently underway. New bus lanes from the McKenzie Interchange to the Colwood Interchange will make taking the bus faster and more reliable and convenient for commuters.

Drivers can expect daytime disruption during construction. The Burnside Road on-ramp and the Helmcken overpass will close overnight between 8 pm and 5:30 am. The Galloping Goose Trail also faces closures of as long as 15 minutes between 8 and 11 pm.

The Highway 1 bus-on-shoulder project is part of the South Island Transportation Strategy to create a dedicated rapid transit corridor between downtown Victoria and the Westshore. BC Transit currently operates its Blink RapidBus to connect the areas and is planning to expand the service over time.

The bus-on-shoulder project includes $67 million in provincial funding and $28 million in federal funds. The project is expected to be completed in late 2027.

Saanich seeks feedback on traffic calming measures

May 29, 2025/in BizNews This Week, Government Local, Safe Communities, Transportation Options/by Jim Zeeben

A survey that closes on Saturday will help the District of Saanich roll out its Traffic Calming Policy for municipal roadways. You can have your say on how Saanich addresses road dangers so drivers, pedestrians and cyclists feel safer travelling the district’s streets.

Traffic calming can include speed bumps, bike ways, traffic circles and other infrastructure designed to slow drivers. A survey for offering feedback is open until May 31. The findings will help Saanich refine its plan ahead of council approvals this summer.

Chamber advocacy efforts underway with feds

May 29, 2025/in BizNews This Week, Chamber Awareness, Government Federal/by Jim Zeeben

Tuesday’s historic Speech from the Throne read by King Charles III included some promising policy shifts to address Canada’s housing supply.

Acting as the current embodiment of Canada’s sovereignty, the King read a script prepared by the governing Liberal Party. The ritual was a not too subtle reminder to the US administration that Canadians are fed up with annexation rhetoric.

For business, the start of a new government session is a chance to see how campaign promises will be delivered. Housing is a major concern in Greater Victoria, and the Speech from the Throne included a promise to cut the GST for home valued at $1 million or less, saving buyers up to $50,000. The speech also promised to lower the GST on homes between $1 million and $1.5 million — a sweet spot for single family homes in the region.

“As a Chamber, we advocate for housing solutions to address fundamental challenges in Greater Victoria,” Chamber CEO Bruce Williams said. “We need housing supply to help attract people who contribute in all sectors of the economy, but specifically for folks who are required to staff our hospitality and retail industries. And we need homes for people struggling to stay housed. Simply put, housing is at the core of allowing employers to operate at their full potential and helping keep our communities safe for everyone.”

To encourage the new government to stay focused on business needs, the Canadian Chamber has sent the new cabinet “Mandate Letters.” Getting these to new ministers early in their terms is part of the strategic advocacy done to build good relationships that allow the business community to have its voice heard by government.

Inflation down but concerns lurk below surface

May 22, 2025/in BizNews This Week, Business And Economic Strength, Global Uncertainty/by Jim Zeeben

Inflation watchers haven’t had much excitement over the past several months (thankfully), but the April numbers have created a bit of intrigue. Statistics Canada reports the Consumer Price Index rose by 1.7% year over year last month. That’s well within the Bank of Canada’s target rate for maintaining interest rates. However, without the 12.7% discount created by the removal of the carbon tax on fuel, prices for many other goods jumped by an uncomfortable amount.

This makes the Bank of Canada’s June 4 interest rate announcement more complicated, said an economist with TD Bank.

“We had expected the inflationary impacts of tariffs to start flowing through later in the second quarter of the year – the jump in April suggests this could be happening sooner than expected,” TD Senior Economist Andrew Henci said. “With the government of Canada offering a temporary reprieve on some tariffs, and the labour market slowing rapidly, we believe the central bank will have enough space to deliver two more cuts this year – adding a bit more support to an economy quickly losing momentum.”

Saanich opens approval process for operations centre

May 22, 2025/in BizNews This Week, Finding And Keeping Workers, Government Local/by Jim Zeeben

A major redevelopment project in the District of Saanich is using an Alternative Approval Process to receive authority for needed funding.

“The Alternative Approval Process is a fiscally responsible and efficient tool that will help the District ensure that the community has a voice in the future of the Saanich Operations Centre,” Saanich Chief Administrative Officer Brent Reems said in a media release.

The $172 million project will replace aging infrastructure with new facilities for municipal services as well as allocate space for new homes and commercial uses.

Voting is open for Saanich residents, who can submit a form if opposed to the borrowing request. Saanich says the redevelopment will stimulate economic growth, create jobs during construction and ensure reliable services for the next 80 years.

New lien rules bring BC in line with other provinces

May 15, 2025/in BizNews This Week, Business And Economic Strength, Fair Rules, Government Provincial/by Jim Zeeben

The new Commercial Liens Act comes into force on June 30, affecting how businesses collect debts for services they provide to repair, store or transport goods. The Act replaces a patchwork of outdated laws, which created different rules for different services.

The Personal Property Registry, an online system that tracks legal claims on personal property, will be updated on June 30 to so that commercial liens can be registered. The changes will also make it easier to enforce liens without going to court, which helps businesses get paid and cuts legal costs.

The Act also allows people to keep using their vehicle or equipment to make money and pay off the debt.

The act replaces the Repairers Lien Act, Warehouse Lien Act and Livestock Lien Act. Any existing liens under those acts will continue as commercial liens. The change brings BC closer to the goal of having one set of lien rules across Canada so businesses that provide services in different provinces do not have to keep track of different rules.

Victoria hosts info session on business of childcare

May 15, 2025/in BizNews This Week, Finding And Keeping Workers, Government Local/by Jim Zeeben

Anyone thinking about starting a childcare business or interested in the sector can learn more about current rules at an info session on May 27, hosted by the City of Victoria’s Business Hub.

The session is free and is focused on helping people start or grow a childcare program as a for-profit or non-profit venture. Topics covered include how to get licensed, types of childcare and potential resource partners. Staff and experts will be on hand to answer questions about regulations and experiences.

The Business of Childcare: Small Business Info Session runs from 9 to 11:30 am, May 27, at Victoria City Hall.

Saanich property taxes up by 8% to meet rising costs

May 15, 2025/in BizNews This Week, Business And Economic Strength, Government Local/by Jim Zeeben

The District of Saanich is raising residential property taxes by 8% this year as council works to maintain service levels and invest in infrastructure. The municipality said the statistically average home with a property assessment of $1.29 million will pay $5,594.

The residential tax rate per $1,000 of taxable value is 3.12, while the rate for business is 14.27.

“Saanich continues to grapple with multiple pressures including rising costs to maintain infrastructure and the need to prepare for anticipated growth in the future,” Saanich Mayor Dean Murdock said in a media release. “Council is always mindful of the impact of any increase, and appreciates the work staff has done to find efficiencies and streamline processes where possible. This has allowed us to keep this year’s lift as low as possible without impacting the important services people depend on. Those decisions were informed by what we heard from residents at our public budget meetings and online engagement activities, and we thank everyone who took part.”

Investments in infrastructure include playground and sports field replacement, as well as the Library and Affordable Housing Project that uses land owned by the municipality.

Tax notices will be mailed out soon, and payment is due on or before July 2.

Chamber hears from Minister about BC’s economic plans

May 15, 2025/in BizNews This Week, Chamber Awareness, Finding And Keeping Workers, Global Uncertainty, Government Provincial/by Jim Zeeben

The Chamber hosted BC’s Minister of Jobs, Economic Development and Innovation, Diana Gibson, yesterday at the Union Club of BC.

Minister Gibson spoke about the province’s efforts to build a resilient economy in the face of uncertain trade relations with the United States.

“It was a valuable opportunity to speak with the Minister directly and pose questions on behalf of Chamber members,” Chamber CEO Bruce Williams said. “It’s important to understand what the government is trying to do, but it’s just as vital that government knows what business needs it to do.”

The event was moderated by Williams and South Island Prosperity Partnership CEO Aaron Stone.

The JEDI Ministry’s role is to support BC’s tech sector as well as small businesses, while providing economic development and promoting the province to international investors.

“One of the big tasks on their plate right now is working with the federal government and other provinces to increase free trade within Canada,” Williams said. “Prime Minister Carney has promised this will happen by Canada Day so the clock is ticking for provinces to reach agreements that make it easier for businesses to sell products and services more efficiently across our borders.”