BizNews This Week Archives - Page 7 of 21

Federal election shifts local political landscape

April 30, 2025/in BizNews This Week, Business And Economic Strength, Global Uncertainty, Government Federal/by Jim Zeeben

Greater Victoria’s federal landscape is a little more colourful after Monday’s election saw the Liberal Party of Canada return to power.

Our region elected two members who will be part of the new government. In Victoria, Liberal candidate Will Greaves picked up 54.3% of ballots to beat the NDP incumbent Laurel Collins, who earned 24.9% of votes. In Esquimalt-Saanich-Sooke, Stephanie McLean won the riding for the Liberals with 49.2% of votes.

“We look forward to working with these new members of government to bring investment to Greater Victoria,” Chamber CEO Bruce Williams said. “We also congratulate Green Party co-leader Elizabeth May for her re-election in Saanich-Gulf Islands, and we welcome Conservative Party candidate Jeff Kibble, who was elected in Cowichan-Malahat-Langford.”

With red, blue and green ridings, our region promises to be a dynamic representation of the country. Currently, the Liberals have a minority government with 169 seats with the Conservatives forming the opposition with 144 seats. May represents the Greens only seat.

The NDP, who represented six of the seven Island before the election, were reduced to one on Monday.

Nationwide, the Liberals are three seats shy of a majority and will likely need to reach a deal with another party to form a minority government.

Chamber stands with grieving Filipino community

April 30, 2025/in BizNews This Week, Global Uncertainty, Safe Communities/by Jim Zeeben

The tragic incident in Vancouver last Saturday left all of us shaken, especially those of us with roots in the Fillipino community.

“We are all processing the tragedy at the Lapu Lapu Festival in Vancouver,” Chamber CEO Bruce Williams said in a statement shared on social media. “The Greater Victoria Filipino Community is vital, generous and connected to every corner of our neighbourhoods across this region. The hearts and support of our Greater Victoria Chamber of Commerce members, board and staff are with you. Now and always.”

The provincial government has books of condolence for members of the public to express their sympathies and messages of support. One book will be in the Hall of Honour at the Parliament Buildings, and will be accessible from 8:30 am to 4:30 pm, from now through May 2. An online condolence book is also available until May 5.

Chamber championing ferries’ future resonates with Island communities

April 30, 2025/in BizNews This Week, Chamber Awareness, Climate Change Solutions, Finding And Keeping Workers, Food Security, Global Uncertainty, Government Provincial, Transportation Options/by Jim Zeeben

The Chamber’s efforts to bring a business perspective to the future of our most vital transportation link has captured the attention of policy makers and business associations on the Island and across BC.

A letter penned by The Chamber on behalf of 20 organizations was sent to BC Premier David Eby last week. The letter makes the case for revisiting the recent decision by the BC Ferries commissioner to only approve four new vessels instead of the five required to meet demand.

The request was picked up by media during an interview with the Premier, who agreed that the vessels are needed.

“I think we need boats that are going to be able to serve the public well into the future here in British Columbia,” Eby told reporters. “It’s critical for commerce, for tourism and as the Island Highway for so many families and businesses.”

The Chamber supports efforts to reduce costs faced by taxpayers, and is grateful the provincial government has heard our calls to invest in ways that grow the economy for everyone. The attention on the issue has also raised the potential for federal funding to be part of the solution.

“Affordability is about more than just fares and yet there’s nothing that requires the commissioner to apply that lens,” Chamber CEO Bruce Williams wrote in the letter about the need for infrastructure that drives business, industry and tourism.

Read The Chamber’s column

Changes to lobbyist rules help reduce chilling effect

April 24, 2025/in BizNews This Week, Chamber Awareness, Government Provincial/by Jim Zeeben

The Chamber applauds news that the BC Lobbyist Registry is making changes to reduce the unfair burden facing many community organizations. The Registry changed significantly in 2020, surprising many chambers, boards of trade and other groups that traditionally work with government.

The aim of the registry is to ensure transparency. It’s an important ideal to help British Columbians know if their elected representatives are being influenced by special-interests. However, the 2020 change introduced a cumbersome interface, tighter timelines and a chilling fine structure. The result inhibited historic relationships that have served for decades to help communities keep an open dialogue with provincial ministries.

The Greater Victoria Chamber of Commerce played a key role in championing those important connections, working with chambers across BC to call out the chilling effect of the registry.

The changes announced today come into force on May 27 and will drop requirements for reporting every time funding is requested, extend due dates for reports and clarify some of the rules around filing requirements.

Business tax break a sign that council is listening

April 24, 2025/in BizNews This Week, Business And Economic Strength, Chamber Awareness, Government Local/by Jim Zeeben

The City of Victoria is investing in the business community by continuing to lower the gap between commercial and residential taxes.

The Chamber has worked with municipal councils over the years, asking them to mind the gap that had been increasing in years past. Through letters and presentations, The Chamber spoke up for the local jobs and services that businesses provide to a municipality. We also explained the challenges with tight margins that many businesses are facing.

Victoria Council is committed to lowering the rate charged to residents and that charged to business to 3:1 by 2030. It was 3.7:1 last year and is 3.5:1 this year.

“Businesses don’t receive the same level of service that residents do, yet they consistently are asked to pay a higher tax rate,” Chamber CEO Bruce Williams said. “In the past, we were hearing concerns that some councils saw increasing business taxes as a politically expedient way to raise money — businesses don’t vote so maybe their individual complaints matter less than a resident that does vote. Thankfully, our experience with councils has been less cynical. Municipalities get the value of the business community — and the know The Chamber will remind them if they ever forget.”

Uncertainty sparks rate pause by Bank of Canada

April 17, 2025/in BizNews This Week, Global Uncertainty, Inflation And Rising Costs/by Jim Zeeben

After seven straight interest-rate cuts buoyed the spirits of businesses and individuals managing debt, it seems economic uncertainty has become a double-edged sword.

The Bank of Canada announced today that its target rate will remain at 2.75%, after inflation came in at 2.3% in March.

The reasoning for the pause was to provide a buffer for the future, which, ironically, had also been cited as a reason to continue to reduce rates. Lower interest rates spur consumer and business spending — good if we’re facing a downturn — but lower rates could also cause inflation to increase, which would be bad.

“Monetary policy cannot resolve trade uncertainty or offset the impacts of a trade war,” the Bank said. “What it can and must do is maintain price stability for Canadians.”

The Bank’s Governing Council said risks to the Canadian economy include:

reduced demand for Canadian exports
lower business investment, employment and household spending
and cost increases being quickly passed on to consumers.

Businesses bear burden of loosening sick day rules

April 17, 2025/in BizNews This Week, Fair Rules, Finding And Keeping Workers, Government Provincial, Hospitality And Tourism Rescue And Recovery, Inflation And Rising Costs, Safe Communities/by Jim Zeeben

A cost to employers rooted in the pandemic is now further ingrained in law after the provincial government moved to ban the requirement for doctor’s notes when employees take sick days.

“Businesses would have liked to have had more of a say on this policy,” Chamber CEO Bruce Williams said. “It’s one thing for the public sector to make this a requirement for its employees, but to force it on the private sector overlooks a lot of concerns we hear from members.”

Organizations understand the benefit of supporting their workers, especially in Greater Victoria with one of the lowest unemployment rates in Canada. During the pandemic, employers went to great lengths to support staff who were ill as well as to keep workers safe from infection. However, legislating paid sick days is a cost that is not covered by government. This additional burden on business adds up, especially at time when many organizations are facing lower margins.

“Most Chamber members I talk to have great relationships with their staff and go out of their way to help when needed,” Williams said. “But many are rightfully concerned that this change will create confusion and could incentivize abuse of the rules and potentially force employers to provide more paid days off work.”

VicPD seeking feedback from businesses and citizens

April 9, 2025/in BizNews This Week, Safe Communities/by Jim Zeeben

The Victoria Police Department has sent out 5,000 invitations with unique codes to residents and businesses in the City of Victoria and Township of Esquimalt.

VicPD is urging everyone who received the survey to set aside about 10 minutes to complete it before April 25.

“If a business receives the invitation, we’d appreciate them completing the survey on behalf of the business location, even if they are a resident in the same or other municipality,” VicPD said, noting the results are important for requesting new resources or program funding. “Chief Manak also reads each and every comment that comes in through the survey. This is an opportunity for businesses to have a say in their police department and how their tax dollars are spent for operations.”

The survey was sent randomly and can only be completed with the unique code.

Vital Signs survey opens for input on quality of life

April 9, 2025/in BizNews This Week/by Jim Zeeben

It’s been 20 years since the Victoria Foundation launched Vital Signs in Greater Victoria. The citizen survey and following report are key to checking with residents about the state of the region.

This year, Vital Signs is focused on 12 areas related to quality of life in the region, including housing, safety, wellness and belonging.

The 2025 theme is “Your Voice. Your Victoria!” It’s a reminder that each of us are part of a collective voice that can shape the region into the community we want.

“Each year, (the report) is used by sector leaders, decision-makers and the public alike to help steer the future of our community,” Victoria Foundation CEO Sandra Richardson said. “Our region faces complex and integrated challenges, and through the collective voices of our community, we can continue to identify and coordinate on solutions that will last far beyond the next 20 years.”

By filling out the survey online, residents are also eligible for a chance to win one of three Country Grocer gift cards. The survey opens today and runs until Friday, May 30 at noon.

Low unemployment rate reflects recruiting challenges

April 9, 2025/in BizNews This Week, Finding And Keeping Workers, Government Federal/by Jim Zeeben

It might be uncertain times, especially for global trading and the stock markets but we can count on Greater Victoria having a low unemployment rate.

Our region has the second lowest unemployment rate in Canada at 3.6%, behind only Saguenay, Quebec, which is at 3.4%.

Finding and keeping workers has been a challenge for Greater Victoria employers for at least 10 years. It’s an area that Chamber members continue to ask us to prioritize in our advocacy.

“We have the reality of living with a double-edged sword. Our region is one of the most desirable places in the world, but that also makes us an expensive area to call home,” Chamber CEO Bruce Williams said. “We need investment in infrastructure — housing supply, transportation and affordable childcare — to attract working people and families.”

To hear more about how The Chamber and our partner organizations are working together to build good business and great community for all, register for an upcoming advocacy event.

On April 15, The Chamber’s AGM and panel discussion will look at how the Canada-US relationship affects our region’s economy. And on April 16, The Chamber and partners host Canada Votes 2025, a Listening Session for Federal Election candidates.