BC Biz


COVID attacks poultry plants
The Canadian Press - Apr 29, 2020 - BC Biz

CHILLIWACK — Two more poultry processing plants in B.C. say they have workers who have tested positive for COVID-19. Sofina Foods Inc. in Port Coquitlam and Fraser Valley Specialty Poultry in Chilliwack say each of their facilities has one worker who has tested positive. Sofina Foods says in a statement its employee lives with relatives […]

Timber production tumbles
The Canadian Press - Apr 28, 2020 - BC Biz

VANCOUVER — West Fraser Timber Co. Ltd. says it is withdrawing its production outlook for the year due to the uncertain impact of measures to cope with the COVID-19 pandemic. The Vancouver-based forest products producer says it expects output to be further hurt over the coming months from the novel coronavirus’s influence on the supply […]

Canfor reports big loss
The Canadian Press - Apr 23, 2020 - BC Biz

Forestry firm Canfor Corp. is warning that the impact of the COVID-19 pandemic will “weigh heavily” on its financial performance this year as it reports a net loss of $70 million in the first quarter. The loss on sales of $1.17 billion in the first three months of 2020 compared with a loss of $86.6 […]

Teck reveals tough numbers
The Canadian Press - Apr 21, 2020 - BC Biz

Measures taken to deal with the COVID-19 pandemic and low commodity prices are being blamed by Teck Resources Ltd. for a first-quarter loss attributable to shareholders of $312 million. The Vancouver-based miner said it is taking a $474-million writedown on its share in the Fort Hills oilsands mine operated by partner Suncor Energy Inc. after […]

Money won’t save all jobs
The Canadian Press - Apr 16, 2020 - BC Biz

VICTORIA — Vancouver’s mayor says community relief measures introduced Thursday by the B.C. government are not enough to prevent city layoffs and service cuts. Kennedy Stewart said offering municipalities tax-payment delays as well as borrowing and debt initiatives is helpful but won’t eliminate financial troubles related to the COVID-19 pandemic. He said in a statement […]

Virus extends mill shutdowns
The Canadian Press - Apr 16, 2020 - BC Biz

RICHMOND — The COVID-19 pandemic is the latest calamity to hit a B.C.-based pulp and specialty printing company, forcing it to extend shutdowns at two provincial mills until at least mid-summer. Paper Excellence says it has faced “an exceptional intersection of events” over the last six months, including a shortage of wood needed for paper […]

BC Ferries rescinds layoffs
The Canadian Press - Apr 15, 2020 - BC Biz

VANCOUVER — The Vancouver Symphony Orchestra and BC Ferries have rescinded lay-off notices in anticipation of receiving the Canadian government’s emergency wage subsidies. Both BC Ferries and the symphony had planned layoffs to take effect on the Easter weekend as the COVID-19 pandemic drains away their businesses. Temporary lay-off notices were issued to 1,100 staff […]

Time to buy BC booze
Okanagan Edge Staff - Apr 14, 2020 - BC Biz

The province’s alcohol producers have come together for the first time in an effort to boost their industry during the COVID-19 pandemic. Time to Buy British Columbia is the name of the campaign supported by many small and medium business operators who want to support B.C. business and protect long-term jobs. “We are facing serious […]

Food supply no issue
Glacier Media - Apr 14, 2020 - BC Biz

Bill Zylmans is used to growing potatoes. The coronavirus crisis, however, has resulted in growing headaches for the owner of W&A Farms in Richmond. “We had a two-week window there that ended about a week ago where we couldn’t find a truck if our life depended on it,” the lifelong farmer said. Zylmans said his […]

Canfor makes more cuts
The Canadian Press - Apr 09, 2020 - BC Biz

VANCOUVER — Forestry company Canfor Corp. is making additional production cuts due to the impact of COVID-19 on the price of lumber and demand. The company says the effective April 13 that its Canadian lumber production will be curtailed by approximately 100 million board feet through to May 1. The cuts will result in a […]