economics

An archive image of Smiths Falls is seen on the wallpaper behind Mayor Shawn Pankow as he participates in an interview at the Town Hall in Smiths Falls, Ont., on Wednesday, Aug. 30, 2023. THE CANADIAN PRESS/Justin Tang

The economic roller-coaster of an Ontario town fuelled by chocolate and cannabis

Hershey’s returning to Smiths Falls to reopen its chocolate factory

 

Brendon Ogmundson, chief economist of the BC Real Estate Association, spoke at the Southern Interior Local Government Association (SILGA) conference in Vernon Thursday, April 27, 2023, about the path to recovery in the housing market. (Brendan Shykora - Morning Star)

Economist describes highs and lows of path to B.C. housing recovery at SILGA

Brendon Ogmundson explains the factors affecting the B.C., Okanagan housing markets

 

Saanich North and the Islands MLA Adam Olsen plans to introduce legislation Wednesday designed to ensure permanent funding for the Island Coastal Economic Trust. The provincial government Wednesday announced $10 million for the fund, but Olsen says this announcement does not resolve the long-term future of the fund. (Black Press Media file photo)

Three rural B.C. economic development trust funds get $10M injections

Money welcomed, but some concerned money not enough to ensure trust’s future

 

Saanich North and the Islands MLA Adam Olsen plans to introduce legislation Wednesday designed to ensure permanent funding for the Island Coastal Economic Trust. The provincial government Wednesday announced $10 million for the fund, but Olsen says this announcement does not resolve the long-term future of the fund. (Black Press Media file photo)

Vancouver Island’s ICET economic trust gets $10M, far short of the $150M it wanted

BC Green MLA Adam Olsen says funding kicks the future of ICET ‘down the road’

Saanich North and the Islands MLA Adam Olsen plans to introduce legislation Wednesday designed to ensure permanent funding for the Island Coastal Economic Trust. The provincial government Wednesday announced $10 million for the fund, but Olsen says this announcement does not resolve the long-term future of the fund. (Black Press Media file photo)
Susan Lambert is shown inside her home which is currently being renovated in this handout photo provided by her husband Mike Lazarovits. THE CANADIAN PRESS/HO-Mike Lazarovits

Renovation boom continues even as project costs increase and interest rates rise

Many Canadian homeowners still spending thousands a year

Susan Lambert is shown inside her home which is currently being renovated in this handout photo provided by her husband Mike Lazarovits. THE CANADIAN PRESS/HO-Mike Lazarovits
A B.C. aquaculture facility. Black Press file photo

Industry report: not renewing B.C. salmon farm licenses comes with $1.2 billion cost

Economic analysis says 4,700 jobs depend on 79 licenses set to expire at the end of June

A B.C. aquaculture facility. Black Press file photo
Al Smith, executive director of the Saanich Peninsula Chamber of Commerce, says having more modestly priced housing in the area would help it attract and keep workers in the face of an aging workforce. (Photo courtesy of Saanich Peninsula Chamber of Commerce)

Better housing options needed, says Saanich Peninsula chamber boss

Al Smith says higher density in certain areas could lead to housing that workers could afford

Al Smith, executive director of the Saanich Peninsula Chamber of Commerce, says having more modestly priced housing in the area would help it attract and keep workers in the face of an aging workforce. (Photo courtesy of Saanich Peninsula Chamber of Commerce)
The B.C. government announced that workers will be entitled to five paid sick days a year, beginning in January. Labour groups say the announcement falls short. Pictured here, a worker gathering shopping carts in a grocery store parking lot in March. (THE CANADIAN PRESS/Frank Gunn)

B.C.’s 5 paid sick days fall short of ask for some; criticized as ‘gut punch’ by small business

Small business, meanwhile, say move ‘tone deaf’ to their realities

The B.C. government announced that workers will be entitled to five paid sick days a year, beginning in January. Labour groups say the announcement falls short. Pictured here, a worker gathering shopping carts in a grocery store parking lot in March. (THE CANADIAN PRESS/Frank Gunn)
A woman and children who were stranded by high water due to flooding are rescued by a volunteer operating a boat Abbotsford, British Columbia on Tuesday, Nov. 16, 2021. Officials in a small city near the Canada border are calling the damage devastating after a storm that dumped rain for days caused flooding and mudslides. City officials in Sumas, Washington said Tuesday that hundreds of people had been evacuated and estimated that 75% of homes had water damage. Just over the border, residents in about 1,100 rural homes in Abbotsford were told to evacuate as waterways started to rise quickly. (Darryl Dyck/The Canadian Press via AP)

B.C. storm disrupts supply chain, could have lasting impacts on economy: experts

All major highways between B.C.’s Lower Mainland and the Interior severed by severe rainfall

A woman and children who were stranded by high water due to flooding are rescued by a volunteer operating a boat Abbotsford, British Columbia on Tuesday, Nov. 16, 2021. Officials in a small city near the Canada border are calling the damage devastating after a storm that dumped rain for days caused flooding and mudslides. City officials in Sumas, Washington said Tuesday that hundreds of people had been evacuated and estimated that 75% of homes had water damage. Just over the border, residents in about 1,100 rural homes in Abbotsford were told to evacuate as waterways started to rise quickly. (Darryl Dyck/The Canadian Press via AP)
Dexter Macaisa, team lead for assembly process and development at Central Saanich’s Redlen Technologies, works on component of the company’s ground-breaking new CT technology. Canon recently paid $341 million to acquire the remaining 85 per cent of the company after having purchased 15 per cent earlier. (Wolf Depner/News Staff)

CEO believes Central Saanich’s Redlen can hit $1 billion in revenue after purchase by Canon

Glenn Bindley also predicts that company will boost region’s high-tech reputation

Dexter Macaisa, team lead for assembly process and development at Central Saanich’s Redlen Technologies, works on component of the company’s ground-breaking new CT technology. Canon recently paid $341 million to acquire the remaining 85 per cent of the company after having purchased 15 per cent earlier. (Wolf Depner/News Staff)
The Sidney-to-Anacortes ferry service, long a symbol of regional ties to the Pacific Northwest, won’t run until spring 2022 due to COVID-19. Sidney author and global analyst Michael Bociurkiw predicts negative consequences for the region if budget pressures lead to the service’s end. (Black Press Media File)

Sidney author laments weakening ties with Pacific Northwest, Asia

Michael Bociurkiw predicts region will continue to attract new domestic arrivals

The Sidney-to-Anacortes ferry service, long a symbol of regional ties to the Pacific Northwest, won’t run until spring 2022 due to COVID-19. Sidney author and global analyst Michael Bociurkiw predicts negative consequences for the region if budget pressures lead to the service’s end. (Black Press Media File)
One of the vehicles that participated in a rally in Victoria earlier this year from Campbell River that had a message for the provincial government about the importance of forestry to the community. Mirror file photo by Alistair Taylor – Campbell River Mirror

Campbell River’s three economic pillars at risk from a lack of awareness of their importance: report

Independent task force urges support for forestry, aquaculture and tourism

One of the vehicles that participated in a rally in Victoria earlier this year from Campbell River that had a message for the provincial government about the importance of forestry to the community. Mirror file photo by Alistair Taylor – Campbell River Mirror
Oil storage reservoirs are filling up across the world. With nowhere for the products to go, prices have dipped to all-time lows. (File photo/Black Press)

KITTERINGHAM: Oil too risky to be base for economy

Negative prices, low demand show we do not need oil to survive

Oil storage reservoirs are filling up across the world. With nowhere for the products to go, prices have dipped to all-time lows. (File photo/Black Press)
Compared to November 2018, British Columbians have been earning more over the past 12 months, but still earn less than the corresponding figure (Black Press Media File).

Weekly earnings on the rise in B.C., but remain behind the rest of Canada

Non-farm payroll employees in British Columbia earned an average of $1,011 per week in November 2019

Compared to November 2018, British Columbians have been earning more over the past 12 months, but still earn less than the corresponding figure (Black Press Media File).