BC Biz

Uber warns of rising costs
The Canadian Press - Jun 13, 2024 - BC Biz

VANCOUVER — Uber says regulation changes for ride-share and delivery workers in B.C. will drive up costs and reduce demands for local restaurants, but Premier David Eby says complaining companies can “suck it up.” Uber issued a statement Thursday saying it supports some of the new rules coming in September, such as an increased minimum […]

Lululemon posts strong quarter
The Canadian Press - Jun 05, 2024 - BC Biz

VANCOUVER — Lululemon Athletica Inc.’s chief executive says the company’s year got off to “a slower start” as it navigated “ongoing choppiness” in the consumer environment, but the company still managed to boost its profit and revenues. The Vancouver-based apparel retailer’s net income reached US$321 million in its first quarter, up from US$290 million a […]

Financial help for heat pumps
The Canadian Press - May 13, 2024 - BC Biz

VICTORIA — The B.C. and federal governments have set aside nearly $254 million to expand rebates to convert home heating and cooling systems to more climate-friendly options with a focus on low- and middle-income households. A joint statement from Environment Canada and B.C.’s Energy Ministry says Ottawa is providing up to $103.7 million while the […]

Jade mining done in BC region
The Canadian Press - May 10, 2024 - BC Biz

VICTORIA — British Columbia has prohibited mining activities on new jade tenures in the northwest, while setting a five-year wind-down period for existing operators. A statement from the Ministry of Energy and Mines says officials have been working closely with First Nations to address concerns about the effects of jade mining on sensitive alpine environments […]

London Drugs set to reopen
The Canadian Press - May 06, 2024 - BC Biz

RICHMOND — London Drugs has reopened about half of its stores across Western Canada more than a week after a cybersecurity breach forced the retailer to close. The company said it is working with independent cybersecurity experts to securely bring its systems back online after the breach was discovered on April 28. The Richmond based […]

London Drugs doing rebuild
The Canadian Press - May 02, 2024 - BC Biz

VANCOUVER — Retailer London Drugs says it’s rebuilding its data infrastructure with the help of leading third-party experts to bring its operations safely back online after a cybersecurity incident that has shut down stores for five days. The store said in a statement there are billions of lines of data and code to review, but […]

Trans Mountain expansion opens
The Canadian Press - May 01, 2024 - BC Biz

CALGARY — Canada’s energy sector as well as the country’s main oil-producing province celebrated Wednesday as the long-awaited $34 billion Trans Mountain pipeline expansion officially came online. Crown corporation Trans Mountain Corp. issued a statement Wednesday confirming that oil is now moving on the expanded pipeline, which is currently 70% full as crude continues to […]

BC milk making plant planned
The Canadian Press - Apr 23, 2024 - BC Biz

ABBOTSFORD — The B.C. government is spending up to $25 million toward the construction of a milk production plant aimed at boosting the supply of locally sourced food products. The province said in a statement that the expansion to Vitalus Nutrition’s plant in Abbotsford will begin construction this summer and will increase local milk production […]

Pot decision ‘missed opportunity’
The Canadian Press - Apr 22, 2024 - BC Biz

VANCOUVER — The head of a B.C. cannabis growers group says the City of Vancouver’s choice to discourage instead of sanction a marijuana celebration over the weekend was a costly “missed opportunity.” The BC Craft Farmers Co-Op says the city should rethink its approach to 4-20 celebrations and sanction what could be an “international cannabis […]

Merritt company forces review
Glacier Media - Apr 08, 2024 - BC Biz

Should a company that administers provincial government grants also be offering and soliciting grant application services to grant applicants? That is the root of concern raised by a nascent electric truck company from Merritt that has found itself in the middle of a controversy over how low-carbon innovation grants are being administered. “There is definitely […]