First cruise ship of the season arrives March 6

This year’s cruise ship season begins March 6, when the Disney Wonder is scheduled to arrive at 8 am before departing at 5 pm from Pier B at The Breakwater District at Ogden Point.

“As we embark on the 2025 cruise season, we are thrilled to welcome visitors from around the world to our vibrant city,” Greater Victoria Harbour Authority CEO Robert Lewis-Manning said in a media release. “We look forward to providing a warm, authentic welcome that showcases the rich culture and hospitality of our community.”

The Disney Wonder carries up to 2,700 passengers and 950 crew, and its arrival marks an early start to the season, as cruise ships deployed in other parts of the world typically return to the West Coast in April to prepare for their voyages to Alaska.

Cruise ship season gets fully underway April 4 with the arrival of Holland America’s Koningsdam. In total, 320 cruise ship visits are currently scheduled this year.

Last week, The Chamber reported on a big win for businesses downtown as our advocacy efforts helped relocate the shuttle stop for cruise ships ahead of the season

Shifting cruise shuttle stop will help area businesses

The Chamber helped advocate for a small change that will have a big benefit for many downtown businesses. After explaining the concerns of having cruise ship shuttles stop short of Government Street’s retail core, the party’s involved agreed to shift to the 900 block.

The change takes place April 4. It required the approval of City of Victoria staff, the Greater Victoria Harbour Authority and Pacific Northwest Transportation Services.

“We heard concerns from merchants that the buses were letting cruise ship passengers off before they could discover Government Street to its fullest,” Chamber CEO Bruce Williams said. “Instead of enjoying the area’s shops, cafes and restaurants, it seems passengers were staying in the area they were dropped off. We worked alongside Destination Greater Victoria and the Downtown Victoria Business Association to address this challenge.”

The new stop was chosen for safety and logistics, as well as its benefit to downtown businesses. About 160,000 cruise passengers used the shuttle service last year, while other passengers chose organized tours or other methods to get into the city.

Trying times are nothing new, working together will get us through

I want to take a minute to address all of our Chamber members and let you know we are here for you. These are uncertain times, for sure. But we have faced uncertainty for a while now, and we understand what it takes to thrive in less than perfect conditions.

Our fundamentals are strong — as a region, as a business community and as an organization. The key is remembering what we can control and what we can’t. Around the world, there are multiple situations that want our attention. The term polycrisis has become popular to explain this state of affairs as we experience sweeping political and social change, rapid technological advancements and ongoing climate emergencies.

Right now, the elephant in the room is the threat of economic action against Canada by the new government in the United States. We still don’t know what this will look like, but we are hearing about potential responses and repercussions every day. This week, the provincial government’s Throne Speech seemed to put BC on a war footing. And, federally, we’re hearing similar rhetoric from leadership candidates seeking to be our next Prime Minister.

The barrage of headlines can feel overwhelming.

I don’t know what the future holds, but I can tell you that I continue to work with our Chamber team to improve business conditions in Greater Victoria. This includes meeting with decision makers in all levels of government, creating connections for members of our region’s business community and supporting members however needed.

Our mission holds. We will work together to build good business and great community for all.

We can take heart in the report from the Canadian Chamber’s Business Data Lab that found Greater Victoria’s economy is among the best protected in the country.

Our regional economy is resilient. We have always been leaders in championing diversity.

Our tourism, tech and civil society sectors are powerful. Our public sector has evolved in symbiosis with a thriving private sector. More recently, we have seen how championing inclusion has fortified our labour force and added creativity to our enterprises. These are pragmatic solutions representing the reality of who we are as a community. Let’s not forget that.

Taken together, our commitment to building a sustainable and resilient economy has helped us through every crisis we’ve faced in the past. And I know — when the present eventually becomes the past — we will be grateful for the strong foundation that all of us have helped build.

Let’s carry on doing our best work, stay focused on what we can accomplish and hold on to the values that make our community the envy of the world.

Region ranked 36th among cities facing tariff impacts

Another day, another market-shaking remark from the economic elephant south of the border. After giving Canada a 30-day reprieve from his initial 25% tariff threat, US President Donald Trump surprised everyone by announcing a 25% tariff on steel and aluminum.

The seemingly random rhetoric has created uncertainty in the business world — a world that places a high value on planning for the future.

To help us better understand what a trade war might mean for Canadian communities, the national chamber network’s Business Data Lab has taken a deep dive into the potential impact on 41 Canadian cities.

The good news for Greater Victoria is we are low on the list at 36.

“Near the bottom of the list are cities that are less exposed to the tariffs because they trade less intensively with the US and/or have more diversified trade patterns. Several of these cities are located on Canada’s coasts, exporting more to Asia from the West Coast, or more to Europe from the East Coast,” the report said. “In British Columbia this includes Victoria, Nanaimo and Kamloops. On the East Coast it’s Halifax, Nova Scotia. And it appears that Sudbury’s exports of nickel and copper are reaching other international markets beyond the United States.”

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Chamber CEO moderating Beacon Services workshop

Chamber CEO Bruce Williams is moderating a full day of discussion, from 9am to 4pm on Feb. 7, about how our region can do more to help employers find and keep workers.

Beacon Community Services is putting on the event, which includes a keynote speech by Osoyoos Band Chief Clarence Louie. The band is the top employer in their region, and Chief Louie is recognized for his work in economic development.

Following the speech, Williams will lead three fireside chats on the following topics:

  1. Empower communities: The role of Social Enterprises in Job Creation
  2. Harnessing the Talent of Canadian Newcomers
  3. Reskilling for the Future – Embracing AI & Skills Needed in the Workplace

To learn more or register, go to beaconcs.ca.

New DND homes a win for Chamber and economy

Advocacy works. The latest win for The Chamber is news that the federal government is moving to address our 2024 policy resolution “Adding to Canada’s Housing Supply by Strengthening Canada’s Military Through Housing on Military Bases.”

In January, the government announced the construction of 668 new residential housing units and the renovation of more than 600 existing units across various Canadian bases within the next five years. These homes will include multi-unit buildings, row houses and semi-detached homes to better support military personnel. The construction of the new RHUs is part of a broader $1.4 billion investment over 20 years for housing projects to support the men and women of the CAF under Canada’s renewed defence policy, Our North, Strong and Free.

The Chamber’s policy resolution passed unanimously last year at the annual convention of the national chamber network.

Chief Justice answers Chamber on chronic criminals

Canada’s Chief Justice Richard Wagner and Justices Andromache Karakatsanis and Nicholas Kasirer were in Victoria this week as part of an effort to bring the Supreme Court “closer to Canadians.”

In a world marked by misinformation, the Court needs to do more to help the public understand the work it does and how its decisions can affect our lives, Wagner said.

During the visit, the Chief Justice took time to answer questions from the public, including one posed by the Greater Victoria Chamber of Commerce on behalf of our members: “Can you explain the role of bail and how it can and can’t be used to limit repeat offenders from committing property crimes after being arrested and released before their trials?”

The Chief Justice said this is as much a question for elected officials as it is for the courts. In Canada, someone who has been arrested is considered innocent until a trial proves otherwise. It’s up to government to make changes to the rules that the courts use to determine bail.

“We’ll keep speaking to the provincial and federal government,” Chamber CEO Bruce Williams said. “We need rules that judges can abide by to keep chronic criminals out of the community, and we need timely trials so that justice can be served.”

Tariff threat on hold, but clock ticks for new plan for Canada

Businesses were quick to respond to the imminent threat of US tariffs, with calls to support local and buy Canadian.

Now that the trade war has been “paused,” it’s clear we need to be better prepared in case US President Donald Trump does impose crippling tariffs on Canadian products.

Chamber CEO Bruce Williams has been speaking to local media about efforts to support local businesses and analyze what the chaotic trade talk might mean.

“I think the concerning part, for a lot of people, is the uncertainty as to whether or not it’s going to happen. And, if so, what is it going to look like? And will the Americans come to an understanding that it’s damaging to them as well as to us,” Chamber CEO Bruce Williams told CHEK News in January.

The national Chamber network is calling for a multi-partisan approach to develop an “all-in” strategy. Canadian Chamber President Candace Laing said unity is vital so we can “address critical roadblocks that have left Canada too dependent on trade with the United States.”

Priorities of the All-In Plan:

  1. Make it easier to trade within Canada to build our economy and resilience from within
  2. Build modern trade infrastructure to get Canadian goods overseas
  3. Reduce red tape for businesses held back by piled up paperwork
  4. Lower taxation so businesses can compete globally while diversifying trade relationships.

“Businesses have durable relationships, which will chart a secure, prosperous future, but Canada’s leaders need to get back in gear for it to work. When Canadians and Americans see Parliament closed, they see a rudderless ship,” Laing said. “We need to send a strong message to President Trump and the world that we will rise to this occasion, as a unified Canada. Tariffs tomorrow instead of tariffs today still leave businesses, workers and families in the lurch. $3.6 billion in trade every day hangs in the balance.”

 

Bank cuts interest rates again as uncertainty remains

This morning, the Bank of Canada reduced its target for the overnight rate to 3%. The Bank also said it was ending quantitative tightening, starting gradually in early March.

Economic projections are more fuzzy now than they typically are because of the shifting political landscape, particularly the threat of US tariffs.

“With inflation around 2% and the economy in excess supply, Governing Council decided to reduce the policy rate a further 25 basis points to 3%. The cumulative reduction in the policy rate since last June is substantial. Lower interest rates are boosting household spending and, in the outlook published today, the economy is expected to strengthen gradually and inflation to stay close to target,” the Bank stated. “However, if broad-based and significant tariffs were imposed, the resilience of Canada’s economy would be tested. We will be following developments closely and assessing the implications for economic activity, inflation and monetary policy in Canada. The Bank is committed to maintaining price stability for Canadians.”

New: post-budget breakfast with BC Finance Minister

With businesses facing ongoing uncertainty, it’s good to know that at least one economic tradition will continue this year.

The Greater Victoria Chamber of Commerce will once again host the provincial Finance Minister, at a breakfast event presented by Coastal Community Credit Union & Insurance Services, the morning after BC Budget 2025 is unveiled.

This is an unparalleled opportunity to hear directly about how the provincial government plans to address ongoing social challenges and invest in the economy in the year ahead.

“We are grateful to host the Hon. Brenda Bailey on March 5, and I look forward to discussing questions and concerns that Chamber members have expressed to us,” Chamber CEO Bruce Williams said.

  • Hon. Brenda Bailey, BC Minister of Finance
  • Wednesday, March 5, from 8 – 9:30 am
  • Hotel Grand Pacific – Vancouver Island Ballroom, 463 Belleville St.