Teck still balancing portfolio

Teck Resources Ltd. says it remains committed to rebalancing its portfolio toward less carbon-intensive resources even though soaring prices for steelmaking coal helped push the miner to a record fourth-quarter profit. Surging global commodity prices lifted Teck to a fourth-quarter profit attributable to shareholders of nearly $1.49 billion compared with a loss of $464 million […]

Tower going above The Bay

VANCOUVER — The redevelopment plan for the Hudson’s Bay building in downtown Vancouver will include a 12-storey office tower that keeps the century-old facade of the retail store. Hudson’s Bay Co. and its partner RioCan Real Estate Trust announced the plans Wednesday, saying the Bay store will remain at the site downtown along with other […]

Four-day work week burnout?

Who wouldn’t want a long weekend every week this summer? “The employees basically requested it,” said Alida Inc. CEO Ross Wainwright, whose tech firm specializes in collecting and analyzing customer experience data. And with that the company, founded as Vision Critical in Vancouver back in 2000, will pilot a four-day work week this July and […]

Money for early child educators

BURNABY — The B.C. government has announced its plans for nearly $50 million in federal funding that will be used to train, recruit and retain more early childhood educators. Katrina Chen, B.C.’s minister of state for child care, announced Friday that $25.5 million will provide bursaries for students entering the field over the next three […]

Province building trades complex

VICTORIA — The B.C. government is spending more than $136 million to build a new trades and technology training complex in Burnaby. It says the complex at the British Columbia Institute of Technology’s campus will help more than 12,000 full- and part-time students a year in 20 trades and technology programs. The government’s latest labour […]

Teck adding electric vehicles

Teck Resources Limited has struck a deal with Caterpillar Inc. to buy up to 30 of Caterpillar’s zero-emissions large haul trucks for its mining operations. The plan to electrify its fleet of mine haul trucks is part of the company’s target of reducing the carbon intensity of its operations by 33% by 2030 and becoming […]

Australians set to buy BC mine

Australian gold miner Newcrest Mining is poised to increase its stable of operating gold mines in B.C. through a $2.8 billion acquisition of Pretium Resources and its Brucejack mine. In 2019, Newcrest paid $1.1 billion for a 70% stake in the Red Chris gold mine, built by Imperial Metals. Pretium’s Brucejack gold mine in northwest […]

Chance for Indigenous entrepreneurs

VANCOUVER — A new reality show is inviting Indigenous entrepreneurs to pitch their businesses to a group of sharp-toothed investors. The casting call has opened for season of “Bears’ Lair TV,” a televised business competition that’s set to air on APTN. Sparkly Frog Clan Productions says the nine-episode series will see 18 Indigenous entrepreneurs compete […]

Closed gyms, bars can get grants

VICTORIA — Businesses that were ordered to close last month because of public health orders in British Columbia to limit the spread of the highly contagious COVID-19 Omicron variant can now apply for provincial relief grants of up to $10,000. Economic Recovery Minister Ravi Kahlon says more than 3,000 operators could apply for the $10 […]

Lululemon curtails estimates

Lululemon Athletica Inc. is lowering its fourth-quarter earnings estimates as the Omicron variant curbs the retailer’s sales. The Vancouver-based company says it now expects its net revenue and earnings to be on the low end of previously announced ranges. Calvin McDonald, CEO of the athletic apparel retailer, says Lululemon started the holiday season in a […]