economy

Gold River ready to welcome visitors and restart local businesses

In contrast to single-industry remote communities, Gold River’s diversified economy might help it better survive after reopening

 

Bank of Canada keeps key interest rate target on hold at 0.25%

Central bank now expects GDP to decline between 10 and 20 per cent compared with the fourth quarter of 2019

 

Minimum wage goes up June 1 in B.C. as businesses face COVID-19 challenges

The minimum wage jumps by 75 cents to $14.60 an hour on Monday

 

‘Depression-era’ unemployment figures could hit Greater Victoria

South Island Prosperity Project launches new dashboard to measure effects of COVID-19

Feds to seek equity or cash from companies applying for new COVID-19 loan program

Terms are designed to make sure companies using the program receive bridge loans, not bailouts

Annual inflation rate turned negative in April, Statistics Canada reports

It was the first year-over-year decline in the CPI since September 2009

EDITORIAL: Behaviour of virus under a microscope

Relaxing measures now could be a good thing - or not

  • May 20, 2020

$469 million federal funding for fish harvesters welcomed by MP Rachel Blaney

The funding will be beneficial for commercial fishers in smaller coastal communities on Vancouver Island

Ammonite Falls staircase and viewing platform project gets $100,000 boost

Island Coastal Economic Trust provides funding to assist with $668,000 Nanaimo-area project

North Island MP calls for a funding program fix for local businesses

MP Rachel Blaney calls on ministers to urgently fix programs that are leaving behind local businesses in remote and rural communities

Bank of Canada’s independence key to aiding post-COVID recovery, Wilkins says

The bank’s balance sheet has more than tripled from around $120 billion in early March

Air Canada reports $1.05B first-quarter loss due to impact of COVID-19 pandemic

The airline has reduced its second quarter capacity by 85 to 90 per cent

Toronto stock market soars to near eight-week high on surging energy sector

Stock markets also rose in the U.S. even though its economy slipped into recession

More than half of Canadian companies seeing sales drop at least 20%: StatCan

Survey suggests nearly one in five businesses have laid off 80 per cent or more of their workforce

Plummeting business tourism costing cities hundreds of millions in lost revenues

Vancouver has 84 business bookings cancelled through December amid border shutdowns and bans on gatherings

Businesses must be part of the re-opening plan when COVID-19 rules relax: Dr. Henry

Staying home when sick will be key, B.C.’s top doctor says

Oil price goes negative as demand collapses; stocks dip

Brent crude, the international standard, was down $1.78 to $26.30 per barrel

E-commerce giants offer cash advances, waive fees and more amid COVID-19

The moves come as companies across Canada are struggling to stay afloat