Consumer confidence teeters, raising CUSMA stakes

There’s a growing sense that Canada’s economy will dodge the recession that many feared when US tariffs were announced. Economists are now saying recovery is already underway with opportunities for accelerated growth in 2026.

Statistics Canada will release the latest GDP numbers on Friday.

Regardless, many businesses are still feeling fragile due to the uncertainty of future trade agreements and a tightening labour market. The Canadian Chamber’s Business Data Lab reports that, after five consecutive declines, overall business confidence steadied this quarter.

“Businesses are showing remarkable resilience in the face of policy uncertainty, tariff threats and a softening labour market,” Business Lab VP Patrick Gill said. “With CUSMA review approaching, the stakes for Canadian competitiveness are high.”

The lab found that challenges finding labour remain acute in construction, hospitality and agriculture. Meanwhile, sluggish consumer demand is the biggest barrier to growth according to business data, outpacing labour and financing challenges.

‘Safe communities now!’ demand BC mayors in Victoria

The Chamber’s call for all levels of government to take urgent action to address social disorder has resonated across the province.

This week, the Union of BC Municipalities annual conference is underway in Victoria, and the loudest concern is the demand to make our communities safer. On Monday, Our Place CEO Julian Daly drew thunderous applause for a speech decrying the failure to address spiraling antisocial behaviour in downtown Victoria.

On Wednesday, City of Victoria Mayor Marianne Alto rallied with her BC colleagues on the Legislature lawn, calling on Premier David Eby to stop things from getting worse.

“Victoria is proud to be one of the best small cities in the world, but we must act now to support our residents, businesses, and visitors, and we cannot do this work alone,” Mayor Alto said. “We urge the provincial government to take action and respond with the same level of urgency, to help bring necessary and lasting change to cities across BC.”

Chamber CEO John Wilson commended Mayor Alto for facing the fire as frustrated downtown businesses demand urgent action.

“The Mayor is the face of Victoria council, which is feeling the heat for the situation in our city,” Wilson said. “It’s a tough spot to be in, and The Chamber is committed to working together on a solution. We need action now, and that means we will be escalating our calls for action to the provincial and federal governments.”

The rally at the legislature was organized by Save-Our-Streets, a coalition of businesses and organizations that includes The Chamber.

“Municipalities cannot address these issues on their own, and it is not sustainable for them to shelve services and projects in order to reallocate funding to address health and housing issues which fall under the provincial government’s mandate,” SOS Co-founder Jess Ketchum said. “Urgency is required.”

Work begins on amalgamation question for voters

In July, a Citizens’ Assembly announced that its research showed that residents in the City of Victoria and District of Saanich would be better served by an amalgamated municipality.

Victoria was quick to begin working on the wording of the question that will go to voters next October. And, on Monday, Saanich followed suit with a decision to work with its neighbour on the question.

The Chamber has been calling for amalgamation for decades. We were strong supporters of the Citizens’ Assembly process and worked to keep it on track through the pandemic years.

It’s been a slow process, but finally voters will have their chance to make a decision that many have been calling for. The next BC General Local Elections are set for Oct. 17, 2026.

Minister meets with Chamber to hear about business issues

The Chamber would like to thank BC’s Minister of Post-Secondary Education and Future Skills, Jessie Sunner, for meeting with members of Greater Victoria’s business community today.

The Minister had lunch with Chamber members and staff after a tour of Camosun College‘s Interurban Campus. The meeting was a welcome opportunity to hear about the province’s plans to address ongoing challenges in BC, and hear from businesses about the value of supporting local education as well as urgent issues facing Greater Victoria.

Members from the post-secondary sector as well as aviation, hospitality and transportation industries spoke candidly with the Minister about actions they would like to see happen.

“We spoke about investing in trades training, and we also spoke about the crisis happening in downtown Victoria, and the need to not damage businesses there,” Chamber CEO John Wilson said. “Yes, this is a complex problem that involves all levels of government, but that is precisely why we need all levels of government to listen to business.”

Policies like a Canada-wide restriction on foreign workers or allowing downtown Victoria public sector offices to remain vacant have ripple effects that hamper the ability of businesses to operate.

Without the vibrancy that businesses create everyday, there’s a real risk we’re hollowing out an invaluable economic engine for our region.

 

Timely data to make sense of business environment

In an age of economic uncertainty, having access to real-time data can help businesses make sense of shifting conditions. That’s how a new tool from the Canadian Chamber can provide insight between gaps in official reporting.

BDLNow adjusts its estimate based on recently released high-frequency economic indicators. The tool generates an estimate of Canada’s GDP growth rate for the present quarter as well as for the previous quarter, months ahead of Statistics Canada’s official data release.

Unlike a forecast, the nowcast is purely model-driven, which makes it dynamic and versatile and provides leading accuracy as new economic data becomes available.

Check out BDLNow

Hospitality businesses urged to stock up on liquor

The BC Restaurant and Foodservices Association is advising its members to stock up on liquor inventories in the event the BCGEU strike targets BC Liquor Distribution Branch warehouses and stores.

“We advise you to immediately stock up on your liquor inventories. Based on multiple conversations and reliable intel, it’s very likely that the BCGEU strike action will target BC Liquor Distribution Branch warehouses and stores,” BCRFA President and CEO Ian Tostenson said in a statement. “If this happens, restaurants and bars will not be able to access product through normal channels.”

The Chamber works closely with the BCRFA and will call for changes to supply chain regulations to ensure this type of costly disruption can’t happen in future. The Chamber is currently working with the BCRFA on resolving concerns about the Temporary Foreign Worker program. The Chamber has called for regions of low unemployment such as Greater Victoria to be exempt from a nationwide pause on the program. A one-size-fits-all approach does not work. And current efforts to politicize immigration do a disservice to people who are new-to-Canada contributing to our workforce.

The Chamber will continue to advocate on behalf of members who need help finding and keeping workers.

Chamber hosts series of meetings with fed leaders

It’s another productive week at The Chamber as staff have been busy hosting federal leaders in our new Garry Oak Boardroom.

On Tuesday, The Chamber invited members to participate in pre-budget consultations with Parliamentary Secretary Ryan Turnbull.

The meeting was one of the final stops for Turnbull, who listened attentively to suggestions on how government can better invest in the economic growth of our region.

Topics included using Department of Defence land for housing, improving infrastructure to add capacity to our marine economy and urgent legal reforms to stem property crimes by keeping repeat offenders behind bars.

On Wednesday, The Chamber hosted Senator Andrew Cardozo for a discussion about government advocacy and policy priorities. Senator Cardozo spoke about the positive change that has happened by appointing Senators as independents rather than partisans.

On Thursday, our Boardroom is again sold out for a meeting with the Hon. Rechie Valdez, Minister of Women and Gender Equality and Secretary of State (Small Business and Tourism).

The event is an opportunity to hear directly about the federal government’s plans to support tourism and small business, as well as ongoing work to advance diversity, equality and inclusion in Canada.

Last week, The Chamber hosted Rajiv Gupta, Head of the Canadian Centre of Cyber Security.

Curious how LNG could impact Greater Victoria?

Natural gas has a long history as a game-changing source of energy. From the old slogan, “Now you’re cooking with gas” to recent proposals aimed at boosting BC’s economy and helping wean the world off coal, LNG has made plenty of headlines.

Chamber members have a chance to dig deeper into those stories and others when we host FortisBC President and CEO Roger Dall’Antonia. The event, sponsored by ColdStar Solutions, runs Sept. 9, from 11:30am to 1 pm, at the Hotel Grand Pacific.

Dall’Antonia will speak about the latest efforts to grow the industry, the impact investing in natural gas will have on provincial revenue and the opportunities available in Greater Victoria.

If you have questions about FortisBC and our province’s energy sector, please send them to communications@victoriachamber.ca. We’ll select those that help inform conversations about our region and get the answers at the event directly from one of the province’s foremost experts.

Reserve your seat now for the Chamber’s next Business Leaders Luncheon, and make the most of this chance to connect with top movers and shakers in our business community.

Reserve Your Seat

Boardroom meeting with fed Minister open to members

Being a Chamber member means being part of the unapologetic Voice of Business for our region. That means opportunities to speak directly to top decision-makers, such as the Hon. Rechie Valdez, Minister of Women and Gender Equality and Secretary of State (Small Business and Tourism), who will be visiting The Chamber’s boardroom next week.

The event is open to members, providing a chance to hear directly about the federal government’s plans to support tourism and small business, as well as ongoing work to advance diversity, equality and inclusion in Canada.

The event will begin with small-group networking, followed by remarks from Minister Valdez.

A moderated Q&A will follow, focusing on the challenges and opportunities facing tourism and business in our region, and how we can work together to build an inclusive, welcoming community where everyone has the opportunity to thrive.

Space is limited, so register early to secure your spot.

Reserve Your Seat

https://files.constantcontact.com/3084d3e8001/a2fa0b36-0c92-4a79-88cb-df4a95df07a2.jpg?rdr=true

BC Ferries needs political will to ensure sustainability

Sometimes it takes making headlines to get government’s attention. That seems to be the case for BC Ferries, which recently announced plans to procure four desperately needed new vessels.

The Chamber has spoken up for the Island’s vital link to the Mainland, pointing out that new vessels are required now. The announcement caused ripples across various levels of government as well as introspection about Canada’s current ship-building industry.

On Aug. 1, BC Ferries President and CEO Nicolas Jimenez appeared before the House of Commons Standing Committee on Transport, Infrastructure and Communities.

Jimenez explained the essential service that BC Ferries provides. The fleet is running at full capacity and needs new investment in aging infrastructure.

“Last summer, our major route sailings ran at an average 92% capacity, and we left a quarter of a million people behind because we were full,” Jimenez said. “Only one of our 25 routes can cover its own costs without government subsidy. Travel demand is projected to rise by 15% – outpacing our capacity even with four new vessels.”

With mounting pressure on passenger fares, BC Ferries held an extensive procurement process in line with international best practices. With no Canadian bids, the result was a “choice between a foreign bid or no new ferries.”

The Chamber will continue to support BC Ferries’s efforts to keep their services sustainable. We call on the federal government to better support this vital transportation link — as they do ferry services in Atlantic provinces.