Belleville Terminal Redevelopment

Things are looking bright for a modern new gateway into our city. On Friday, the province officially announced that the Terminal will be upgraded and completed in time for the 2028 tourism season.

“The new facility we’re building is going to generate hundreds of new jobs and hundreds of millions of dollars in additional visitor spending over the coming decades,” said Rob Fleming, Minister of Transportation and Infrastructure“A modern pre-clearance terminal will make travel more convenient for tourists, while enhancing security and trade between Vancouver Island and Washington State.”

As an international gateway for goods, services, and passengers, the new terminal will help drive regional and provincial economic growth.

Travellers spend approximately $174 million annually, generating $268 million in economic output and $155 million in provincial gross domestic product.

There are many partners assisting with the project. Minister of Tourism Randy Boissonnault was on site to announce that the federal government has committed to $41.6 million on a $303.9 million budget. Inner Harbour stakeholders, the Songhees and Esquimalt First Nations, will work in concert with the province as will Black Ball Ferry Line and FRS Clipper to ensure that this gateway showcases our region and welcomes our visitors.

Procurement on this project will begin in the coming weeks with Phase 1 targeted for a 2024 completion. The Chamber has long advocated for this key infrastructure project to proceed and we look forward to welcoming more U.S. guests to our wonderful city.

Canadian shopping habits circa 2023

PwC has done a deep dive into the shopping habits of Canadians and how they’ve evolved.

It won’t be terribly shocking that we lead the globe in pre-purchase research. Canadians like to research via search engines before they make their purchases and value customer reviews over social media.

This pre-purchase online research doesn’t mean a transition to online shopping, 83% indicated that their in-store shopping will rise or remain the same. The survey also provides interesting insights on AI from a generational standpoint and how to influence tomorrow’s upmarket consumers.

Strike impacts a quarter of Canada’s traded goods

Over 7,000 workers walked off the job on July 1st at more than 35 BC ports. Members of the International Longshore and Warehouse Union (ILWU) have been without a collective agreement since March 31st.

Canada’s west coast ports handle over $800 million worth of cargo, including agri-foods, perishable goods, potash, critical minerals and household necessities every day. Experts have warned that the strike will fan the flames of inflation and increase economic instability for business. A worry backed by the studies from the Canadian Chamber Business Data Lab, where nearly a quarter of businesses have stated that supply chain issues remain a key obstacle to growth.

Federal Labour Minister Seamus O’Regan is in Vancouver meeting with both parties
and encouraging continued negotiation as “the best deals for both parties are reached at the table.” Sporadic work stoppages on the U.S. West Coast have concluded after acting Labour Secretary Julie Su worked with both sides to negotiate a six-year contract for the 22,000 workers at 29 U.S. West Coast ports. 

In conjunction with the Canadian Chamber of Commerce, over 120 chambers and boards of trade across the country – including ours – issued a joint letter to the Prime Minister urging the federal government to find a resolution urgently.

Are you taking your holidays this year?

Don’t forget to take some time off this year. Studies abound on how performance drops when you work for an extended period without a break. A recent study indicates that nearly half of Canadians didn’t use all of their vacation days in 2022. And within that cohort, BC and Ontario were among the highest vacation-deprived folks. 

You don’t have to go far to find a perfectly relaxing vista where you can recharge, reconnect with friends and family, and just let your mind wander peacefully. If you’re one of the lucky employees/employers with Chamber Group Health insurance, double-check your plan, but most are designed to look after your health and well-being both locally and out of country.

Westcoast Stewardship Corridor launched

T’Souke First Nation Chief, Gordon Planes, met with Steven Guilbeault, the Minister of Environment & Climate Change today, June 28th, as a $525,000 Parks Canada commitment to improve ecological and cultural connectivity along the west coast of Vancouver Island led by First Nations was announced.

“We know we have disrupted the forest, the house of the wildlife, and we would like to be part of restoring ‘the house’,” indicated Chief Planes. “We need to be able to have all living beings living in a healthy way and we can learn from our ancestors how to restore the land. That is our birthright.”

The goal of the funding is to preserve the biodiversity of Vancouver Island, ensuring its longevity for future generations. The Indigenous-led Westcoast Stewardship Corridor is a collaborative initiative among local First Nations on Vancouver Island and is grounded in the Nuu-chah-nulth guiding principles of Hishuk’ish tsawalk (interconnectedness), Uu-a-thluk (the responsibility to take care of), Łisaak (respect for all things living and non-living), and the Coast Salish principle of Naut’sa mawt (together as one).

T’Sou-ke Nation: Member since 2021

Express Entry for Newcomers with STEM

Those seeking employees with STEM (science, technology, engineering and mathematics) expertise will now have a more global pool from which to choose. Announced today by Minister François-Phillippe Champagne, Minister of Immigration, Refugees and Citizenship, starting next week, the first round of STEM category-based selections will be opened. The goal is to help Canada’s science and technology sector bring in skilled talent to drive innovation and growth.

Also announced this week, the federal government will allocate more immigration spots to STEM and entrepreneurial applicants until 2025 as part of their Tech Talent Strategy. This strategy includes the extension of work permits provided to entrepreneurs from one year to three years. An extension that will now be available to each entrepreneurial team member instead of just the most essential.

Immigration is critical to building a healthy and robust community and economy. Expediting immigration for job skills needed for the economy’s health is a much-needed aid to businesses struggling to fill positions. Still, the lag in accepting credentials from other parts of Canada and the world remains a barrier to the success of this strategy. The Chamber will continue advocacy work on accelerating the recognition of credentials by professional associations.

$100 Million in Clean-Tech Funding for BC

The Federal Government has begun delivering on its budget promise of funding for clean tech. On Tuesday, federal Natural Resources Minister Jonathan Wilkinson announced $100 million in funding for BC alongside Josie Osborne, BC minister of Energy, Mines and Low Carbon Innovation and Chief Don Tom, vice president of the BC Union of Indian Chiefs.

“This is part of a high-level approach to prioritize a green economy by working in collaboration with First Nations to identify low carbon economic opportunities in energy, electricity, mining, forestry and clean technology sectors,” said Chief Don Tom, vice president of the BC Union of Indian Chiefs.

“As part of the collaboration framework being released today, Canada, British Columbia, and First Nation partners have agreed to collaborate on aligning regulatory permitting processes that will aim to result in faster decisions, aligned with our common clean growth objectives,” Wilkinson said.

Some projects highlighted at the event include a renewable natural gas project led by the Semiahmoo First Nation and a hydrogen fuel cell research and development centre in the lower mainland. Climate Change remains a high advocacy priority for Chamber members, and we support investment in this crucial clean-tech area.

Powerful Connections

BC Hydro has a clear plan but a challenging path as they seek to make significant changes over the next decade. They have a multi-year plan to invest billions in updating and improving aging infrastructure, and they are passionate about reducing climate-changing emissions both within their organization and externally as part of the CleanBC program. 

One of the most significant initiatives coming online next year is Site C. Once running, it should generate an additional 8% of our province’s current power supply – enough to power about half a million homes or 1.7 million EV vehicles per year. This will bring BC’s total number of hydroelectric plants up to 30.

Reducing climate-changing emissions through further investments in hydropower generation and integrating solar and wind power will create a greener future for all. BC Hydro offers a Business Energy-Saving Incentives program to help you upgrade your lighting, HVAC, refrigeration, and mechanical technologies. Covering an average of 27% of upfront costs, these incentives shorten the payback period of your investment and make your decision to upgrade a no-brainer, helping you to reduce consumption, save on energy costs, and increase your bottom line. You can even evaluate the cost savings realized by your upgrades using their Advanced Analytic tools!

In BC, we are fortunate to have reliable power, with 98% of that power coming from clean or renewable resources. But the goal is to do better. Currently, 20% of electricity in the province is generated by hydro, 11% by biomass and 69% by fossil fuels. BC Hydro wants to see that shift to 33% hydro by 2030. An aggressive goal but doable when coupled with manufacturing and consumer-based programs that foster efficiencies. 

BC Hydro may lead the electrification of our province, but as Chris O’Riley clearly stated, “We all have a role to play in energy transition, and a responsibility to work on this together… It is a generational opportunity to make a difference and one that can’t be missed.” 

Our sincere thanks to BC Hydro and Chris O’Riley for a great presentation and to AES Engineering for sponsoring our wonderful luncheon.

TELUS commits to standing with business owners

TELUS Business has launched the fourth annual #StandWithOwners campaign, including $1 million to help Canadian businesses thrive in a digital world. Businesses can apply for up to $125,000 in funding, advertising and technology from TELUS and its partners by submitting an application at telus.com/StandWithOwners.
 
The program shows how TELUS recognizes the vital role small and medium businesses play in the economy. The #StandWithOwners campaign celebrates growth-minded business owners whose innovative approaches might be the next big thing — like Jayesh Vekariya and Linda Biggs of joni, who received funding in 2022 (and also won a Chamber 2022 Business Award for Innovation). Applications will be accepted until Sept. 6.

Chamber hosts Bank of Canada at conference centre

Last Thursday, The Chamber hosted Bank of Canada Deputy Governor Paul Beaudry for the unveiling of the Bank’s Economic Progress Report at the Victoria Conference Centre. Two hundred business and community leaders were at the event, sponsored by Odlum Brown, the City of Victoria and Grant Thornton.
 
Beaudry’s speech and Q&A session with Chamber CEO Bruce Williams offered fascinating insight into how the bank decides on raising interest rates.
 
“On behalf of all Chamber members and our board, I’d like to thank Deputy Governor Beaudry for taking the time to speak with us,” Chamber CEO Bruce Williams said. “He was able to answer some of the questions on the minds of many members, and many Canadians judging by the widespread media coverage Victoria received because of this event.”
 
The speech was followed by a press conference that was attended in-person by local media as well as virtually by financial journalists across the country.