C-5 aims to rebuild Canada’s economic momentum

An economic evolution that the national chamber network has been working on for years is one step closer to reality this week. On June 23, the federal government passed legislation to vastly improve free trade and labour mobility between provinces.

Without this legislation, large-scale energy and infrastructure projects have routinely been delayed by regulatory gridlock, rising costs and political indecision.

“The Canadian Chamber of Commerce applauds the federal government for urgently introducing and passing Bill C-5 in the House of Commons,” Canadian Chamber Executive Vice President and Chief of Public Policy Matthew Holmes said, adding the ongoing tradewar with the US administration drove home the need to diversify. “We cannot have all our eggs in the United States economic basket any longer.”

Projects where fast-tracking has the broad support of impacted First Nations, Métis and Inuit communities should be the first to be considered.

“Canada’s business community firmly believes we can end project paralysis while working in collaboration with Indigenous rights holders and communities while maintaining world-class environmental standards,” Holmes said. “We know respect and partnership for shared prosperity are the path forward. The Canadian Chamber does not believe a major project is viable in the absence of clear community level support and expects Canada to meet its legal obligations to consult and cooperate with Indigenous peoples, per the United Nations Declaration on the Rights of Indigenous Peoples Act adopted in 2021.”

Bill C-5 is just the first step. The onus is now on the federal government to deliver so that we can build economic momentum in Canada and show the world we’re serious about growth, energy and getting big things done.

Chamber stands by DVBA’s call for government action

The Chamber is always among the first to sing the praises of downtown Victoria, which is often recognized as one of the most beautiful and livable downtowns of its size in the world.

We’re also quick to point out the challenges it’s faced, and we stand by today’s report from the Downtown Victoria Business Association calling for urgent action.

“Our call is simple: all levels of government must act now. No more studies. No waiting on perfect solutions,” DVBA CEO Jeff Bray said today. “The focus must shift to supporting business owners, their staff, and their customers. The data is clear: downtown businesses cannot wait three to five more years. We need bold, immediate action in 2025, or we risk a wave of closures, job losses, and a dramatic erosion of downtown’s vitality.”

The report includes specific calls to action, including for municipalities to increase police presence downtown and enforce and strengthen bylaws that address disorder. The DVBA is also asking the province to expand mental health and addiction services, including mandatory care, and to strengthen the justice system. Federally, the call is to reform bail legislation to allow the pretrial detention of repeat offenders charged with theft, violence, drug-related offences and vandalism.

BC Ferries announces more details for new vessels

The Chamber is a strong supporter of the work BC Ferries does as a vital transportation and supply chain link for Greater Victoria.

“Our organizations have a very good relationship and we are encouraged by the business-minded approach BC Ferries takes to its long-term feasibility and sustainability,” Chamber CEO Bruce Williams said, who spoke today about the decision on CFAX as well as with the Canadian Press. “We know yesterday’s announcement about selecting the builder for new ships was a very well-informed decision, and we’re hopeful that we will still see a much needed fifth ship added to this proposal.”

BC Ferries announced China Merchants Industry Weihai Shipyards will build four new vessels to replace four aging ships nearing the end of their service lives, each increasingly prone to mechanical issues and service disruptions.

“CMI Weihai is a global leader in passenger ferry construction, and shipbuilding more broadly,” BC Ferries CEO Nicolas Jimenez said. “It was the clear choice based on the overall strength of its bid, including its technical capabilities, high-quality and safety standards, ferry-building experience, proven ability to deliver safe, reliable vessels on dependable timelines, and the overall cost and value it delivers for our customers — all essential as we continue to experience growing demand and the urgent need to renew our aging fleet.”

BC Ferries said, in the first 10 years of their operation, the new vessels will inject $230 million locally on refits and scheduled maintenance. Over their expected 45-year lifespans, the ships are expected to spur 17,200 job-years of employment and $1.2 billion in wages, contributing $2.2 billion to BC’s GDP.

The new vessels will be more spacious, have reduced emissions and be significantly quieter underwater to better protect marine life.

Chamber advocacy efforts underway with feds

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.

Chamber hears from Minister about BC’s economic plans

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.”

Chamber CEO held meeting with new Prime Minister

Good business requires good relationships, and the same holds true for making sure your voice is heard by government.

The Chamber has earned a seat at the table with decision-makers in all levels of government, including newly elected Prime Minister Mark Carney.

Carney’s staff recently approached Chamber CEO Bruce Williams for a one-on-one conversation to learn more about challenges facing Greater Victoria’s business community.

“I was surprised and grateful for the chance to speak up on behalf of Chamber members in Greater Victoria,” Williams said. “We are a region that punches above our weight economically and The Chamber has a long tradition of making sure our government knows what our private sector is asking for to help it thrive.”

Carney met with US President Donald Trump on Tuesday to begin rebuilding Canada’s relationship with its southern neighbour. The US administration’s threat of additional tariffs has created economic uncertainty in Canada and around the world.

A chance to hear firsthand about BC business growth

The economic uncertainty caused by threats of an escalating tradewar as well as a change in Canadian leadership has not been good for most businesses.

As some of the shifting settles, many Chamber members want to know what these changes will mean to them. And some of the most direct impacts on business success are related to the regulations and taxes imposed by the province.

“We’re grateful that BC’s Minister of Jobs, Economic Development and Innovation has agreed to speak to Chamber members next month,” Chamber CEO Bruce Williams said. “This is a ministry that interconnects with businesses in many ways, and it’s important for the minister to understand the concerns and challenges facing our members.”

Minister Diana Gibson is speaking at the Union Club of BC from 11:30 am to 1 pm, on May 13. Topics include the province’s plans to work with the new Prime Minister on eliminating barriers to interprovincial trade. The Minister will also address the future of the EHT, plans to improve downtown safety and how government will reduce red tape to help businesses grow.

Chamber championing ferries’ future resonates with Island communities

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

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

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.”