BC Biz

BC teachers get big bump
The Canadian Press - Oct 31, 2022 - BC Biz

VANCOUVER — A tentative contract has been reached for British Columbia’s 49,000 public school teachers in a deal the union says would take them from near the bottom to the “top tier” of pay in Canada. In a statement sent to members, BC Teachers’ Federation president Clint Johnston said the agreement was reached after more […]

BC trying to ease crunch
The Canadian Press - Sep 07, 2022 - BC Biz

LANGFORD — The squeeze of global inflation has prompted the B.C. government to spend $600 million to boost a tax credit and increase family benefits for low- and moderate-income residents. Premier John Horgan announced the province is also capping rent increases at 2% for 2023 instead of the rate of inflation. Horgan says inflation is […]

Lululemon posts solid quarter
The Canadian Press - Sep 01, 2022 - BC Biz

VANCOUVER — Lululemon Athletica Inc. says revenue climbed 29% in the second quarter compared with the same period last year as it saw sales climb across its operations including higher gains in both online and international segments. The Vancouver-based athletic clothing company, which reports in U.S. dollars, said Thursday it had revenue of US$1.9 billion […]

BC books show big surplus
The Canadian Press - Aug 30, 2022 - BC Biz

VICTORIA — B.C.’s economic recovery last year was stronger than forecast with the province’s audited budget numbers showing a surplus of $1.3 billion, in contrast with an earlier projection of a deficit nearing $10 billion. Finance Minister Selina Robinson says the province’s economy in 2021-22 outperformed both public and private sector predictions. The April 2021 […]

Hootsuite begins restructuring
The Canadian Press - Aug 09, 2022 - BC Biz

VANCOUVER — Hootsuite Inc. says it will lay off 30% of its staff as part of a global restructuring. The Vancouver-based social media business declined to answer questions about the exact number of staff laid off, but the most recent figures from financial data firm Refinitiv show the company employs about 1,000 people. The company […]

B.C. biomed breakthrough
Contributed - Jul 27, 2022 - BC Biz

A University of British Columbia researcher is kicking development of a credit-card-sized, disposable “biomedical sensor” – capable of detecting not only COVID-19 and other ailments – into high gear. Sudip Shekhar, who is currently an associate professor in electrical/computer engineering at UBC, received recognition earlier this month in the form of a $3-million Schmidt Science […]

Housing starts begin to slow
Glacier Media - Jul 19, 2022 - BC Biz

The biggest hike yet in interest rates this year will complicate valuations for residential and investment properties and prevent builders from proceeding with projects. The central bank’s policy rate is now 2.5%, up a percentage point from the last announcement in May and 10 times what it was at the beginning of March. “An increase […]

Workers reminded to trust gut
Glacier Media - May 31, 2022 - BC Biz

Summer job season is here. With it comes a warning from WorkSafeBC to young workers about their vulnerability to injuries when entering a new workplace. In 2021, WorkSafeBC accepted 7,125 young worker injury claims, according to a recent news release. This number, up 17% from 2020, represents a number of issues young workers can face […]

Telus shows its resilience
The Canadian Press - May 06, 2022 - BC Biz

Telus Corp.’s president and chief executive says the company has managed to weather recent economic challenges and even report a profit increase in its most recent quarter because its mix of products spans the internet, data, agriculture and health industries. “That level of diversification gives us a better backbone of resiliency, whether it’s inflation or […]

Hiring spree helps cut wait-list
The Canadian Press - May 04, 2022 - BC Biz

VICTORIA — B.C.’s health minister says the province has almost caught up with the backlog of surgeries from the pandemic and weather events while it sets new targets to whittle down the existing waiting lists. Adrian Dix says 400 nurses and 100 technicians had received training under the surgical renewal program to bolster staffing. He […]