Fed Budget leaves investment in hands of business: analysis

After 18 months of waiting for a federal budget, Canadian businesses heard yesterday about the government’s big promises.

“Canada has an urgent need to get back to a growing, productive economy,” Canadian Chamber President and CEO Candace Laing said in a media release. “The government has heard business’s call to focus on the economy and has made some tough choices to attract investment. Individual businesses — small, medium and large — will be the ultimate judges of whether this is enough to start making investments in Canada again.”

The Chamber was pleased to see the government make needed reprioritizations and cuts, while investing in new defence spending.

Our armed forces have long been left empty-handed and finally meeting international commitments could go a long way to being seen as a reliable global partner.

“This budget makes critical investments in the equipment and technology our men and women in uniform need to defend Canada at home and abroad,” Executive Vice President and Chief of Public Policy Matthew Holmes said.

Budget 2025 takes a step toward balancing fiscal restraint with targeted investment. But the test ahead is execution and follow through — ensuring that policies translate into real-world competitiveness and growth.

“The world is competing for capital, and capital is mobile,” Laing said. “Canada has the talent, the resources and the potential to lead. Now, we need to prove that we can provide the certainty investors and businesses are looking for here at home.”

2025 Budget Expert Insights

Feds announce reforms to bail and legal system

Last Thursday, the federal government announced highly anticipated reforms aimed at keeping repeat offenders away from communities.

The Bail and Sentencing Reform Act focuses on stricter bail laws for violent and repeat offending, as well as organized crime. It also aims to make sentencing laws tougher for serious and violent crimes.

“This is a pillar of what our Chamber and other business organizations have been calling for,” Chamber CEO John Wilson said. “Whether this Bill accomplishes what the government says remains to be seen. We know many businesses have run out of patience with promises so we really want to see effective action at this point.”

BC’s Minister of Public Safety and Solicitor General Nina Krieger, who is MLA for Victoria-Swan Lake, was optimistic the federal reforms will make a difference.

“Police in our province are too often arresting the same individuals for repeat offences, only to see them quickly return to the streets to reoffend,” Krieger said in a media release. “Bill C-14 directly responds to those concerns. It strengthens bail provisions, provides clearer direction on when detention should be sought and enhances sentencing options for serious crimes. In short, these reforms will help keep repeat criminals off our streets.”

Chamber’s new advocacy focused on urgent action

You might have noticed some changes to how The Chamber is using our position as the unapologetic Voice of Business.

The series of messages, shown below, will start appearing more on Chamber social channels and in other media. The focus is on action. Businesses have had too many years of uncertainty caused by societal shifts and the growing burden of red tape. Our members and our Board of Directors have been clear that we need to speak up and call for change.

Our first focus is downtown Victoria and other central areas being devastated by a permissive attitude toward disorder and crime. People need to feel safe. That means all levels of government need to do their part — and do it with urgency.

We know what’s needed: consistent police and bylaw presence and enforcement, immediate options for people needing mental health and addiction care and changes to a legal system that currently allows repeat offenders to harm our communities.

Our other current priorities are more responsible spending by governments, and reduction in regulatory roadblocks that make building homes and providing services for families too expensive.

‘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.”

Feds invest in EV charging stations in Greater Victoria

Improving transportation infrastructure and taking Climate Action Leadership makes economic sense. With the rapid adoption of EVs in Greater Victoria, drivers need to know they can reliably use their vehicles for extended road trips.

On Wednesday, the federal government announced almost $23 million to help build out a network of EV charging stations across British Columbia. Most of the projects will be done by BC Hydro along travel and community corridors.

In addition, two projects went to the City of Victoria and one to the District of Saanich.

Victoria gets $395,000 for 34 chargers of various levels near municipal workplaces, as well as $122,500 for 23 chargers in high-density neighbourhoods where residents can’t access at-home charging.

Saanich will receive $395,000 for 42 chargers that support municipal operations.

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.

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

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Military pay raise a boost for region’s economy

Greater Victoria’s economic ties to Canada’s military go back more than a century. Today, our business community has a symbiotic relationship with CFB Esquimalt, home to more than 4,000 Canadian Armed Forces personnel.

“We know the base benefits our community in many ways, from purchasing goods and supplies from local businesses to providing thousands of jobs to local families,” Chamber CEO John Wilson said. “We support efforts to invest in our military and the recent news that CAF members will be better compensated will help a major local employer find and keep workers — an issue for a lot of organizations in our region.”

The funding will provide as much as a 20% pay raise for some sailors, and offer up to a $20,000 bonus for recruits who complete training. Canada’s military has been facing staffing challenges, and the last significant overhaul of CAF pay was in 1998.

Chamber network continues to call for red tape reduction

The Chamber continues to call for reduced red tape across all levels of government.

According to the latest update from the Business Conditions Terminal for Greater Victoria, conditions remain challenging with the number of active businesses at 11,300, a slight increase (0.5%) from a year ago.

Businesses are encouraged to help shape Chamber advocacy efforts through tools such as the Red Tape Review. This survey seeks specific feedback on regulatory irritants. The results will be used in direct consultation with federal ministries as they work to streamline government.

Provincially, there was good news as BC signed agreements to ease interprovincial trade with Ontario, Manitoba and the Yukon. The Chamber has been calling for reduced restrictions for east-west trade for years. The move helps Canada’s economy overall and lessens the over-reliance on southern trade routes with American states.

The agreement will make it easier for regulated trades and professions to work in any of the jurisdictions. The deal with Ontario also improves the ability for alcohol producers to access either market.

The agreements were signed during a gathering of all 13 provincial and territorial premiers at the Council of the Federation meeting this week.

Save Our Streets meets with feds about public safety

The Chamber is a founding member of the Save Our Streets coalition, which met this week with the entire BC federal Liberal caucus. SOS representatives asked what was being done to curb crime, violence and public disorder disrupting and threatening communities throughout the province.

“British Columbians are at a tipping point … and are demanding action,” SOS’s Clint Mahlman said. “People have lost faith in our justice system as a result of lack of bail efficiency and the revolving door that repeat offenders find so accommodating and that contributes to the degradation of safety on our streets.”

It’s time for all levels of government to stop blaming each other, and for senior governments to change the judicial system. The BC caucus was given a list of changes to bring back to Ottawa:

·     effective bail reform targeting repeat theft and street disorder offenders

·     federal dollars to provincial governments, with performance strings attached, for building out a full continuum of care for individuals suffering from addictions and mental illnesses

·     a national bail repository so prosecutors can easily and quickly determine if an arrestee is out on bail with existing warrants in different jurisdictions across Canada and

·     proper resourcing for the judiciary.

“Victoria council recently re-allocated $10.35m to combat these issues in Victoria and, unfortunately, many of the issues to be addressed are the realm of senior governments,” said Downtown Victoria Business Association CEO Jeff Bray, who also sits on the SOS Board.

Bray also urged the government caucus to not renew BC’s unique exemption from Health Canada’s Controlled Drugs and Substances Act. Our province is serving as guinea pig for a trial project that decriminalizes certain hard drug possession until Jan. 31, 2026. The experience here, and in Oregon where a similar pilot was attempted, has been a failure.