BizNews This Week Archives - Page 8 of 21

Saanich and Victoria merger is the right thing to do

April 9, 2025/in BizNews This Week, Chamber Awareness, Fair Rules, Government Local, Streamlined Regional Regulations/by Jim Zeeben

Better governance from fewer governments has long been a rallying cry within the halls of the Greater Victoria Chamber of Commerce. On April 5, our region took the first step toward achieving that goal.

The Victoria-Saanich Citizens’ Assembly released its findings seven years after the process took root in 2018. The 48-member assembly is recommending that Greater Victoria’s two largest municipalities merge.

“This is a major win for The Chamber. We’ve literally been advocating for this since the mid-20th Century,” Chamber CEO Bruce Williams said. “When we were packing up to move our office, we found binders with reams of paperwork calling for amalgamation over the decades.”

The Chamber was an early voice for using the Citizens’ Assembly process as a practical method for initiating amalgamation. And whenever the process stalled along the way, The Chamber was quick to nudge it forward.

The next step will be for the City of Victoria and District of Saanich to review the consensus reached by the Assembly.

“Both municipal councils have committed to receiving the Assembly’s final report and deliberating on its recommendations,” the report stated. “If they decide to endorse the Assembly’s recommendation for a public referendum on amalgamation, they will work with the Province of British Columbia to initiate it, likely to coincide with the next municipal elections in 2026.”

Find out where parties stand on local issues at listening session for federal candidates

April 9, 2025/in BizNews This Week, Chamber Awareness, Government Federal/by Jim Zeeben

The Chamber is organizing Canada Votes 2025 on April 16, from 5-7 pm, at the Spectrum Community School theatre in SD61.

The format will feature a panel of four candidates from our region representing the major political parties, including Elizabeth May for the Green Party and Laurel Collins for the NDP, Will Greaves from the Liberal Party and a local candidate the Conservative Party. The latter will be confirmed shortly.

The candidates will hear about an issue facing Greater Victoria and will then discuss potential solutions based on their party’s platforms.

Each of the issues will be presented by a representative from the following organizations:

Destination Greater Victoria, the Greater Victoria Harbour Authority, Vancouver Island Construction Association, the Downtown Victoria Business Association and The Chamber.

The federal election is set for April 28, and the Canada Votes 2025 Listening Session is free. However, space is limited so register early.

Women in Business report finds steady, slow progress

April 2, 2025/in BizNews This Week, Chamber Awareness, Fair Rules, Finding And Keeping Workers/by Jim Zeeben

The 2025 Women in Business report by Doane Grant Thornton is now available.

The annual report promotes gender equality, tracks progress, identifies challenges and informs strategies for fostering a more inclusive and equitable business environment — ultimately leading to better business outcomes.

“In Canada, 34.7% of women hold senior management positions in small- and medium-sized businesses. It’s steady progress but still a significant distance to achieve parity,” Doane Grant Thornton stated. “It could take another 25 years for women to achieve equal representation in top executive roles, without accelerated change.”

The report also looks at external and internal challenges that affect leadership teams in mid-market businesses, which Doane Grant Thornton said “account for 98% of employer businesses in Canada, and 90% of businesses and two-thirds of jobs worldwide.”

Listening session planned for federal candidates

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

The Chamber is planning a federal election event for Greater Victoria.

“We’re going to hold a ‘Listening Session,’ which has worked well at focusing discussion on specific challenges facing our region,” Chamber CEO Bruce Williams said.

The event, called Canada Votes 2025, is scheduled for April 16, from 5-7 pm. The format will feature a panel of four candidates representing our region’s four ridings as well as the major political parties. They’ll be introduced to local issues facing various business sectors and asked to discuss potential solutions based on their party’s platforms.

Community partners joining The Chamber include Destination Greater Victoria, the Greater Victoria Harbour Authority, Vancouver Island Construction Association, and the Downtown Victoria Business Association.

With the federal election set for April 28, a listening session allows for a focused discussion on local issues that will complement general campaign information already widely available.

The Canada Votes 2025 Listening Session is free but space is limited so we encourage everyone to register early.

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.