BC Biz

Okanagan losing Payless
The Canadian Press - Feb 19, 2019 - BC Biz

TORONTO — Mounting debts and a challenging retail market are forcing Payless ShoeSource Canada Inc. to shutter all of its North American stores by May. The Kansas-based discount footwear retailer said Tuesday that it will soon file for creditor protection in Canada, making way for liquidation sales at the 248 locations it owns in the […]

Dream homes inaccessible
The Canadian Press - Feb 15, 2019 - BC Biz

SECHELT, B.C. — Residents of an upscale neighbourhood on B.C.’s Sunshine Coast will officially be barred from returning to their dream homes today. Sinkholes throughout the subdivision have prompted the District of Sechelt to issue evacuation orders covering 14 properties. The homes, with views overlooking Sechelt Inlet, are similar to others in a nearby subdivision […]

Libs blamed for Hydro bill
The Canadian Press - Feb 14, 2019 - BC Biz

VICTORIA — British Columbia residents can expect to pay over eight per cent more on their BC Hydro bills over the next five years. The government says the first increase of 1.8 per cent will be implemented April 1, if the B.C. Utilities Commission approves the added expense. The announcement comes after a report commissioned […]

Hike coming for workers
The Canadian Press - Feb 13, 2019 - BC Biz

B.C.’s construction workers should see pay raises of more than 10 per cent over the next two years. The estimate comes from members of the Independent Contractors and Business Association in its annual wage and benefits survey. The survey of 1,000 construction companies says they’ll give workers an average pay raise of 4.8 per cent […]

Province vows to fight
Kirk Penton - Feb 13, 2019 - BC Biz

VICTORIA — The British Columbia government is promising to tackle cellphone costs, ticket scalpers, money laundering loopholes and poverty in a throne speech that also addresses an unfolding scandal at the legislature. The province’s minority NDP government said Tuesday that making life more affordable will be the hallmark of its initiatives and legislation in the […]

Pipeline notice required
The Canadian Press - Feb 11, 2019 - BC Biz

VANCOUVER — Coastal GasLink must submit a notice of construction at least 48 hours before it starts work under its permit to build a pipeline that is opposed by some members of the Wet’suwet’en First Nation, the B.C. Oil and Gas Commission said. The commission has warned the Calgary-based company after it received complaints from […]

More lumber to China
The Canadian Press - Feb 08, 2019 - BC Biz

VANCOUVER — Interfor Corp. says the company has increased lumber shipments from Canada to China as a result of tariffs imposed on its U.S. production. “We’ve seen a marked increase in volume from Canada,” said Barton Bender, vice-president of sales at Interfor on an earnings conference call Friday. “We’re still active on some products in […]

ICBC doing no wrong
The Canadian Press - Feb 07, 2019 - BC Biz

VICTORIA — A review of legal cases involving B.C.’s public insurer says despite public perception, the agency isn’t lowballing claimants in its settlement offers. The review conducted by legal counsel in the Ministry of the Attorney General was released Wednesday and says the Insurance Corporation of British Columbia is running a “very sound” legal department. […]

BC Hydro defers expenses
The Canadian Press - Feb 06, 2019 - BC Biz

VICTORIA — Auditor general Carol Bellringer says BC Hydro has deferred $5.5 billion in expenses that it plans to recover from ratepayers over time. Bellringer focuses on the deferred expenses in a report on the public utility’s use of rate-regulated accounting to control the prices it charges customers. She says rate-regulated accounting is used widely […]

Ride-hailing fairness wanted
The Canadian Press - Feb 04, 2019 - BC Biz

The federal Competition Bureau wants B.C. to re-examine its taxi regulations to permit more competition in the industry and improve services for riders and businesses. The bureau’s report says it will urge a B.C. government committee reviewing transportation network services to level the playing field for taxis and ride-hailing providers. An all-party legislative committee on […]