BC Biz

Tilray-Aphria merger done
The Canadian Press - May 03, 2021 - BC Biz

Tilray Inc. and Aphria Inc. say their merger deal has now closed after receiving approval from shareholders of both companies. Tilray shareholders voted Friday in favour of issuing stock to Aphria’s shareholders, but the Nanaimo-based company has yet to reveal how many supported the proposal. About 99% of Aphria shareholders voted in favour of the […]

Teck in great position
The Canadian Press - Apr 28, 2021 - BC Biz

VANCOUVER — Copper prices that have surged to 10-year highs in recent days are driving potential partners to eagerly line up to help Teck Resources Ltd. fund its portfolio of eight proposed copper mining projects, CEO Don Lindsay said Wednesday. After reporting strong first-quarter earnings and revenue boosted by higher copper prices, as well as […]

Vancouver part of City Charts
The Canadian Press - Apr 26, 2021 - BC Biz

NEW YORK — Apple Music is coming to a city near you. The streaming service has launched daily music charts focused on particular cities around the world, including New York City, Tokyo and Lagos. The streaming service unveiled City Charts on Monday for more than 100 cities, and the top 25 songs on each local […]

Tilray merger vote delayed
The Canadian Press - Apr 16, 2021 - BC Biz

NANAIMO — A vote by Tilray Inc. shareholders on the cannabis company’s deal to merge with Aphria Inc. has been delayed, allowing shareholders more time. The vote had been scheduled for today, but shareholders will now vote on April 30. The company says that shareholders who have already voted do not need to recast their […]

Big money for affordable housing
The Canadian Press - Apr 15, 2021 - BC Biz

VICTORIA — The B.C. government is investing $2 billion in a low-interest loan program for builders of affordable housing. Housing Minister David Eby said Thursday the financing will be offered to private developers and community groups through the province’s HousingHub program, a division of BC Housing. The funding will target projects for renters and buyers […]

Forest industry touts importance
Jon Manchester - Apr 09, 2021 - BC Biz

A new economic impact study by the BC Council of Forest Industries finds the industry generated over $13 billion in gross domestic product in 2019. The study also found the forest industry supported more than 100,000 jobs and generated nearly $8.5 billion in wages, salaries, and benefits. As well, the industry contributed more than $4 […]

Horgan calls on laid-off workers
The Canadian Press - Mar 24, 2021 - BC Biz

VICTORIA — More than 1,400 laid-off tourism and hospitality workers are set to provide non-clinical help with the COVID-19 immunization rollout in British Columbia. Premier John Horgan says the province has partnered with 14 hard-hit businesses across the province to help get some of their employees back to work. He says the companies or organizations […]

Chevron ends Kitimat LNG funding
The Canadian Press - Mar 19, 2021 - BC Biz

CALGARY — The decision by Chevron Canada Ltd. to stop funding its proposed Kitimat LNG project on B.C.’s north coast isn’t surprising given its failed attempt to sell its stake over the past 15 months, an analyst says. “This is a portfolio-specific decision by Chevron to be pretty choosy about how they allocate capital,” said […]

Carbon tax could hike bills
The Canadian Press - Mar 17, 2021 - BC Biz

SURREY — Natural gas supplier FortisBC says prices won’t change for at least another three months, but other charges such as the provincial carbon tax still have the potential to increase the customer’s bill. A statement from FortisBC Energy Inc. says the British Columbia Utilities Commission has approved the plan to maintain natural gas prices […]

BC farmland jumps in value
Okanagan Edge Staff - Mar 15, 2021 - BC Biz

It turns out farmland is COVID-proof. In fact, it may be even better than just COVID-proof. Farm Credit Canada released its annual farmland values report on Monday, and it discovered the average value of Canadian land increased 5.4% in 2020, which was even more than the 5.2% it gained in 2019. The average B.C. farmland […]