BizNews This Week Archives - Page 8 of 21

Premier walks back contentious parts of Bill 7

April 2, 2025/in BizNews This Week, Chamber Awareness, Government Provincial/by Jim Zeeben

The Chamber applauds the provincial government for listening to our concerns, and those of other business organizations, and removing many of the autocratic elements of Bill 7.

The legislation, as initially proposed, would give BC’s Cabinet broad powers without the need to be accountable to the elected legislature. On March 28, Premier David Eby agreed that Bill 7 needs “safeguards.”

The Chamber supports parts of the Bill that aim to make the provincial economy stronger. Specifically, the goal of reducing barriers for interprovincial trade.

“Interprovincial trade drives one-fifth of Canada’s GDP, yet internal trade barriers still act like a 21% tariff,” Canadian Chamber Public Policy Chief Matthew Holmes said. “Removing them could boost GDP per capita by 4%. That’s real growth — right here at home — at a time when businesses and workers need it most. Internal trade must be a key aspect of our Canada-U.S. trade strategy — let’s control what we can control.”

Savings at the fuel pump welcomed by business

April 2, 2025/in BizNews This Week, Business And Economic Strength, Climate Change Solutions, Food Security, Government Federal, Government Provincial, Hospitality And Tourism Rescue And Recovery/by Jim Zeeben

The cost of fueling up at the pump has plummeted after the provincial government removed the carbon tax. Gas prices dropped below $1.60/litre yesterday — about 19 cents lower than they were the day before the tax was removed.

The lower fuel costs are welcome news to businesses that move goods and people.

“We hear from many struggling businesses and families so anything that unburdens them is needed right now,” Chamber CEO Bruce Williams said, noting that The Chamber offers members many benefits, including fuel discounts.

Canada escapes crosshairs as US takes aim at foreign trade

April 2, 2025/in BizNews This Week, Chamber Awareness, Global Uncertainty, Government Federal, Inflation And Rising Costs/by Jim Zeeben

Businesses watching today’s tariff announcements from the US administration can be forgiven for feeling more confused than ever. Canadians have been coping with economic anxiety for months due to threats of broad-based tariffs and other measures.

However, on the day that US President Donald Trump promised to unveil his master economic plan for world trade, Canada was barely mentioned.

“At this point, I don’t think anyone is surprised that today’s announcement did not provide a lot of clarity,” Chamber CEO Bruce Williams said. “We’ll take some time to analyze what official information is available and what it means for Greater Victoria.”

The initial impression is that Canadian goods under CUSMA will not face tariffs, while goods not covered will have a 10% tariff. It’s also not clear how Canada’s auto industry will actually be affected by a tariff on foreign auto makers.

Greater Victoria’s economy is among the least exposed Canadian cities when it comes to exporting. However, the sabre rattling that comes with talk of a tradewar creates uncertainty, which can bog down business.

“We will get through this, as we have every other crisis in the past, by supporting each other and our communities any way we can,” Williams said. “If there is a silver lining, we do have certainty that we have work to do to build the nation we want. We need an economy that is resilient and sustainable.”

To hear more about how the Canada-US relationship affects our region’s economy, register now for The Chamber’s AGM and panel discussion on April 15.

New child care spaces announced for Langford

March 26, 2025/in BizNews This Week, Finding And Keeping Workers/by Jim Zeeben

For the last 10 years, Chamber members have identified finding and keeping workers as one of the biggest challenges facing their organization. Our region has one of the lowest unemployment rates in part because of our cost of living. To help, the Chamber has loudly and successfully advocated for investment in child care, which can be the second highest cost facing families after housing.

On Monday, the City of Langford received funding for a new centre with 73 child care spaces.

“As the Voice of Business, the Chamber works to bring investment to our region,” Chamber CEO Bruce Williams said. “This includes investing in infrastructure such as affordable child care spaces that attract families, that allow parents to continue their careers knowing their young kids are well looked after.”

BC Housing gets grant funding for 530 new homes

March 26, 2025/in BizNews This Week, Housing/by Jim Zeeben

Housing is foundational to building a strong economy and safe communities. The Chamber advocates for policy change and investment in housing to support builders and the real estate sector, as well as to provide homes for all levels of our workforce and help people facing homelessness.

“We work for all of our members and are grateful that members such as BC Housing are getting more homes built in our region,” Chamber CEO Bruce Williams said, about news that BC Housing recently received $62 million in grant funding for 530 homes in our region.

The homes will be in five housing projects:

Camas House: 66 on-reserve homes at 1504A Admirals Rd. in Victoria for members of the Songhees Nation, operated by M’akola Housing Society.
Crosstown: 154 homes (100 affordable and 54 supportive homes) at 584 Burnside Rd. E. in Victoria, operated by Victoria Cool Aid Society.
The Ferns: Located at 496/498 Cecilia Rd. in Victoria, 88 homes will be operated by Pacifica Housing and 59 child care spaces will be managed by Burnside Gorge Community Association.
The Lions: 137 homes at 874 Fleming St. in Esquimalt, operated by Greater Victoria Housing Society.
The Woodlands: 85 homes at 3700 Cedar Hill Rd. in the District of Saanich, operated by Dawson Heights Housing Society.

Century Celebration of Cup victory begins this week

March 26, 2025/in BizNews This Week, Chamber Awareness, Government Provincial, Hospitality And Tourism Rescue And Recovery/by Jim Zeeben

The Century Celebration of the Victoria Cougars’ historic victory over the Montreal Canadians begins March 27. Three musical finalists — selected from 31 entries to a songwriting contest honouring the 1925 Stanley Cup win — kick things off by performing their original songs at the Bard and Banker.

Festivities continue on March 29-30, with family friendly events, including the highly anticipated return of the Cup for public viewing on Sunday at the Oak Bay Recreation Centre.

Century Celebration festivities centre around the old location of Patrick Arena — a former stadium in the District of Oak Bay where the 1925 Cougars clinched the cup championship. There is no parking onsite for this event. A park-and-ride shuttle, courtesy of Wilson’s Transportation, will run every 30 minutes between Oak Bay Marina and the festival site from 8:30 a.m. to 5 p.m. on Saturday and 10:30 a.m. to 5 p.m. on Sunday.

The events are being put on by the Victoria Hockey Legacy Society, which hosted Scotiabank Hockey Day in Canada in January 2024. The Chamber helped make that event a success, providing a direct boost to business and priceless promotion of our region. Hockey Day was also co-winner of Event of the Year at the Greater Victoria Sports Awards, announced last month.

For the latest on events and activities happening for the Century Celebration, go to vhls.ca.

Tight timeline as federal election set for April 28

March 26, 2025/in BizNews This Week, Chamber Awareness, Government Federal/by Jim Zeeben

With the writ dropped on a federal election set for April 28, voters have a tight timeline to learn who their local candidates are and what their parties are promising.

How can the Chamber help our members, the community and democracy? Let us know your thoughts on what information you want before going to the ballot box.

Send your suggestions to communications@victoriachamber.ca.

On a national level, the Canadian Chamber has issued a statement on how the next government can help business, including following up on free trade between provinces, getting on with tax reform and investing in infrastructure.

“Canadians are privileged to live and work in an open, vibrant and democratic country. … The ongoing tensions with the US have created a volatile environment, making it harder for businesses and families to plan ahead. Strong public programs, like healthcare, retirement benefits, and a robust military, rely on a thriving business sector and tax revenue from Canadian individuals and businesses. Right now, that foundation is at risk,” Canadian Chamber CEO Candace Laing said. “Regardless of who wins, Canada needs a united strategy to reduce dependence on US trade and build a resilient, future-ready economy where all Canadians can thrive and be optimistic about the future. The next federal government needs to hit the ground running, ready to pursue a mandate that will guarantee Canada’s economic sovereignty and security, ensuring we are never left this vulnerable again.

Consumers get break as BC eliminating carbon tax April 1

March 26, 2025/in BizNews This Week, Business And Economic Strength, Chamber Awareness, Climate Change Solutions, Global Uncertainty, Government Federal, Government Provincial, Inflation And Rising Costs/by Jim Zeeben

Energy costs are set to go down starting April 1 as the province announced yesterday it will make good on its promise to eliminate the consumer carbon tax after the federal government promised to do the same.

BC’s tax adds about 17 cents per litre at the gas pump, and 15 cents per cubic metre of natural gas.

“The Province will continue to act on the commitment to battle climate change by ensuring people in British Columbia have affordable options to make sustainable choices and by encouraging industry to innovate,” the BC Ministry of Finance said in a statement.

Eliminating the tax will help businesses and individuals facing increasing costs and economic uncertainty due to the threats of tariffs and tradewar with the US.

The latest news on the tradewar is a 25% tariff on the auto industry imposed today. The action is expected to increase the cost of vehicles and cause generational chaos to automakers on both sides of the border.

The national Chamber network continues to work on mitigating the threat of tariffs. This week, the Canadian Chamber released a report on US cities that are the most export-dependent on Canada.

Finalists announced for this year’s Business Awards!

March 19, 2025/in BizNews This Week, Chamber Awareness/by Jim Zeeben

The Greater Victoria Chamber of Commerce is proud to announce the finalists for the 2025 Greater Victoria Business Awards. Tickets will be available at end of March.

The finalists have distinguished themselves in many categories and many ways, including excellent customer service, sustainable business practices, young entrepreneurship and business leadership.

The Chamber’s 2025 Business Awards showcase hard-working businesses, business people and community leaders in 14 categories. Finalists were chosen by an independent panel of prominent business leaders who served as judges.

“The finalists announced today all are shining examples of leadership and innovation,” Chamber CEO Bruce Williams said. “I hope you can join us for a truly inspirational night as we hear unique stories about business that have found a way to thrive in these uncertain times.”

The Chamber previously announced Josue Dubon as The Chamber’s 2025 Member of the Year.

See the 2025 Finalists

Chamber prepping for pro-business campaign

March 19, 2025/in BizNews This Week, Business And Economic Strength, Chamber Awareness, Government Federal/by Jim Zeeben

With a federal election expected to be called as soon as this Sunday, the Canadian Chamber is working on a toolkit that will make sure all political parties understand what businesses need.

The main message is that businesses are under threat. We need the next government to commit to going all-in on Canada. That means delivering on the promise of free trade between provinces, improving existing trade infrastructure and cutting red tape and taxes.

Canada could gain as much as 4% of our GDP by opening up east to west trade. We also require more investment in roads, rail, airports, pipelines and ports in order to grow our economy and fulfill our potential. And, perhaps most timely, there must be immediate relief from regulatory burdens and suffocating tax structures that constrict our private sector. We need to compete internationally and increase the size of our economy in order to sustainably fund the social programs that help improve everyone’s quality of life.