BC Biz

Dirty money examined
The Canadian Press - Jun 13, 2019 - BC Biz

British Columbia’s efforts to fight money laundering are expected to be front and centre today at a meeting of federal and provincial ministers to discuss national strategies for stemming the problem. The B.C. government says the meeting in Vancouver will highlight new legislative changes already underway in B.C. that could be replicated across the country, […]

Salmon industry under fire
The Canadian Press - Jun 12, 2019 - BC Biz

VANCOUVER — A conservation charity said it’s concerned by what it calls a “growing trend” of wild fish killed by the salmon farming industry on B.C.’s coast. Stan Proboszcz, science advisor with Watershed Watch Salmon Society, said nine times as many wild fish were reported inside open-net pen farms in 2017 compared with 2011. “We […]

Tilray merger boosts stock
The Canadian Press - Jun 11, 2019 - BC Biz

NANAIMO, B.C. — Tilray Inc.’s stock soared after it signed a deal to merge with its largest shareholder while also putting limits on the release of resulting new shares in the Canadian cannabis company for two years. Under the agreement, U.S. private equity firm Privateer Holdings Inc. will become a subsidiary of the Canadian cannabis […]

Sawmills cutting production
Trevor Nichols - Jun 07, 2019 - BC Biz

Western Forest Products Inc. is the latest lumber producer to announce temporary production curtailments to deal with challenging market conditions. The Vancouver-based company says it will reduce output at three of its sawmills to align volumes with customer demand. The Duke Point facility will be affected for two weeks and its Saltair sawmill for one […]

YVR expansion taking off
Contributed - Jun 05, 2019 - BC Biz

By Richmond News The massive international terminal expansion at Vancouver International Airport reached a big construction milestone this week. The project, known as Pier D, broke ground last June and completion of the structural building phase was marked with a steel topping ceremony Tuesday. Construction is expected to be complete in 2020. To show the […]

Minimum wage going up
Wayne Moore - May 30, 2019 - BC Biz

Minimum wage earners in B.C. can expect to see a significant bump in their hourly wage beginning Saturday. That’s when the province’s minimum wage jumps $1.20 from $12.65 to $13.85 an hour. This is the second of four mandatory increases taking effect on June 1 each year. The minimum wage for other workers also goes up, including: […]

Home sales ‘marshmallow soft’
Contributed - May 29, 2019 - BC Biz

Joannah Connolly Glacier Real Estate Home sales across the province will remain “marshmallow soft” through the rest of the year, according to a forecast published earlier this week by Central 1 Credit Union. This year will experience a total year-over-year sales decline of nearly 11 per cent, province wide, according to the report. This will be followed by […]

Port workers face lockout
The Canadian Press - May 29, 2019 - BC Biz

VANCOUVER — A lockout notice issued by the group representing over 50 waterfront employers in B.C. will take effect Thursday, but the union’s president says his members are committed to keeping the ports open. Rob Ashton of the International Longshore and Warehouse Union said if they wanted to close B.C.’s ports, from Vancouver to Prince […]

New approach to housing
The Canadian Press - May 28, 2019 - BC Biz

BURNABY — A Metro Vancouver city council has unanimously approved a new approach to rental housing that could make it a leader in protecting and enhancing rental stock. A statement from the City of Burnaby says council’s approach sets several groundbreaking bylaw changes in motion. These include allowing displaced or evicted renters to move into […]

Cannabis decision shocks UBCM
Colin Dacre - May 24, 2019 - BC Biz

B.C.’s local government association says it feels blindsided by the Agricultural Land Commission’s decision to deem cannabis production a “farm use”—a decision municipalities were not informed of for three months. The Union of B.C. Municipalities says it learned earlier in May that the ALC is no longer handling applications involving cannabis on farmland. The regulation […]