economy

Striking port workers from the International Longshore and Warehouse Union Canada attend a rally, in Vancouver, on Thursday, July 6, 2023. THE CANADIAN PRESS/Darryl Dyck

B.C. port strike enters day 7 as union, employers association trade barbs

ILWUC says the BC Maritime Employers Association has walked away from the table 3 times

Striking port workers from the International Longshore and Warehouse Union Canada attend a rally, in Vancouver, on Thursday, July 6, 2023. THE CANADIAN PRESS/Darryl Dyck
The provincial government has started to sent out the first quarterly payment of the newly expanded climate action tax credit designed to offset the carbon tax.(THE CANADIAN PRESS/Graham Hughes)

Climate credit designed to fight climate change, not inflation: economist

British Columbians can receive as much as $447 per year under expanded climate action credit

The provincial government has started to sent out the first quarterly payment of the newly expanded climate action tax credit designed to offset the carbon tax.(THE CANADIAN PRESS/Graham Hughes)
Economist Jim Stanford welcomes the grocery rebate as a step in the right direction, but calls for additional steps to lower the cost of groceries. (THE CANADIAN PRESS/Nathan Denette)

Grocery rebate checks out as a good step, but more help needed: economist

Jim Stanford would like to see higher eligibility thresholds, more competition and windfall tax

Economist Jim Stanford welcomes the grocery rebate as a step in the right direction, but calls for additional steps to lower the cost of groceries. (THE CANADIAN PRESS/Nathan Denette)
Striking International Longshore and Warehouse Union Canada workers picket at a port entrance in Vancouver, B.C., Tuesday, July 4, 2023. The organization that represents employers at roughly 30 strikebound ports in British Columbia says binding arbitration could end the six-day-old dispute. THE CANADIAN PRESS/Darryl Dyck

Union says B.C. port employers want government to do dirty work to end strike

Day six of B.C. port strike as management calls for binding arbitration

Striking International Longshore and Warehouse Union Canada workers picket at a port entrance in Vancouver, B.C., Tuesday, July 4, 2023. The organization that represents employers at roughly 30 strikebound ports in British Columbia says binding arbitration could end the six-day-old dispute. THE CANADIAN PRESS/Darryl Dyck
Striking International Longshore and Warehouse Union Canada workers picket at a port entrance in Vancouver, B.C., Tuesday, July 4, 2023. Business groups are sounding the alarm that consumers and companies will feel the impact of the B.C. port workers strike. THE CANADIAN PRESS/Darryl Dyck

Port strike could cost $250 million per week, with consumers taking a hit too

‘The first week or two, businesses are usually able to bridge quite fine, it gets increasingly worse’

Striking International Longshore and Warehouse Union Canada workers picket at a port entrance in Vancouver, B.C., Tuesday, July 4, 2023. Business groups are sounding the alarm that consumers and companies will feel the impact of the B.C. port workers strike. THE CANADIAN PRESS/Darryl Dyck
Striking International Longshore and Warehouse Union Canada workers picket at a port entrance in Vancouver, B.C., Tuesday, July 4, 2023. Talks between maritime employers and the union representing British Columbia port workers remain deadlocked over maintenance issues as a strike by the workers enters its fifth day. THE CANADIAN PRESS/Darryl Dyck

Railway puts temporary embargo on Vancouver, on day five of B.C. port strike

Canadian Pacific Kansas City, formerly CP Rail, says the company is ‘closely monitoring’ developments

Striking International Longshore and Warehouse Union Canada workers picket at a port entrance in Vancouver, B.C., Tuesday, July 4, 2023. Talks between maritime employers and the union representing British Columbia port workers remain deadlocked over maintenance issues as a strike by the workers enters its fifth day. THE CANADIAN PRESS/Darryl Dyck
Striking International Longshore and Warehouse Union Canada workers picket at a port entrance in Vancouver, B.C., Tuesday, July 4, 2023. The strike at more than 30 British Columbia ports entered its fifth day on Wednesday after 7,400 port workers walked off the job on the weekend. THE CANADIAN PRESS/Darryl Dyck

Port strike will have ‘dire’ effect on supply chain: BC Chamber of Commerce

President Fiona Famulak urges government action if strike, now in its fifth day, continues

Striking International Longshore and Warehouse Union Canada workers picket at a port entrance in Vancouver, B.C., Tuesday, July 4, 2023. The strike at more than 30 British Columbia ports entered its fifth day on Wednesday after 7,400 port workers walked off the job on the weekend. THE CANADIAN PRESS/Darryl Dyck
A truck carries a cargo container at the Port of Vancouver Centerm container terminal as others are stacked under gantry cranes, in Vancouver, on Friday, Oct. 14, 2022. The Canadian Chamber of Commerce says it is “deeply disturbed” by the strike notice the union for British Columbia’s port workers’ made that said its members were prepared to walk out on Saturday. THE CANADIAN PRESS/Darryl Dyck

Canadian Chamber of Commerce wants port strike averted, cites economy

Longshoremen prepared to walk out on Saturday

A truck carries a cargo container at the Port of Vancouver Centerm container terminal as others are stacked under gantry cranes, in Vancouver, on Friday, Oct. 14, 2022. The Canadian Chamber of Commerce says it is “deeply disturbed” by the strike notice the union for British Columbia’s port workers’ made that said its members were prepared to walk out on Saturday. THE CANADIAN PRESS/Darryl Dyck
Cargo containers are unloaded from the Maersk Stockholm ship with gantry cranes while docked at port, in Vancouver, on Tuesday, April 25, 2023. The Vancouver Fraser Port Authority says overall cargo volumes fell by three per cent last year, as the global economy began to show signs of a slowdown. Negotiators representing longshore workers and private companies are currently negotiated a new labour deal. (THE CANADIAN PRESS/Darryl Dyck)

Uncertain future for B.C. ports as longshoring strike or lockout looms

99% of the 7,200 workers represented by the longshore workers union voted in favour of strike

Cargo containers are unloaded from the Maersk Stockholm ship with gantry cranes while docked at port, in Vancouver, on Tuesday, April 25, 2023. The Vancouver Fraser Port Authority says overall cargo volumes fell by three per cent last year, as the global economy began to show signs of a slowdown. Negotiators representing longshore workers and private companies are currently negotiated a new labour deal. (THE CANADIAN PRESS/Darryl Dyck)
Fiona Famulak, president and CEO of the BC Chamber of Commerce, says the growing frequency of natural disasters like wildfires requires new forms of government assistance for business. (Photo courtesy of BC Wildfire Service)

B.C. Chamber CEO calls for urgent reforms to disaster assistance programs

Plans for helping businesses following natural disasters ‘developed for a different time’

Fiona Famulak, president and CEO of the BC Chamber of Commerce, says the growing frequency of natural disasters like wildfires requires new forms of government assistance for business. (Photo courtesy of BC Wildfire Service)
B.C. Premier David Eby, here seen in April, says Canada’s first renewable diesel and hydrogen complex in Prince George will open opportunities for northern B.C. and the province as a whole. (THE CANADIAN PRESS/Darryl Dyck)

Canada’s first renewable diesel and hydrogen complex to open in Prince George

Premier David Eby, Prince George Mayor Tim Yu praise historic investment of $380 million

B.C. Premier David Eby, here seen in April, says Canada’s first renewable diesel and hydrogen complex in Prince George will open opportunities for northern B.C. and the province as a whole. (THE CANADIAN PRESS/Darryl Dyck)
B.C. will need more renewable power sooner than expected, prompting an historic call for power by the provincial Crown corporation supplying almost all British Columbians with electricity. (Photo courtesy of BC Hydro)

Electricity demand in B.C. expected to increase by 15% by 2030

BC Hydro puts out call for new sources of renewable, emission-free power

B.C. will need more renewable power sooner than expected, prompting an historic call for power by the provincial Crown corporation supplying almost all British Columbians with electricity. (Photo courtesy of BC Hydro)
Rapid population growth is challenging economists’ understanding of the economy as they monitor how businesses and consumers are responding to high interest rates. Crowds attend the Canadian Tulip Festival at Commissioners Park in Ottawa, on Saturday, May 13, 2023. THE CANADIAN PRESS/Justin Tang

How population growth is affecting everything from jobs to housing in the economy

Canadian economy is outperforming expectations so far in 2023

Rapid population growth is challenging economists’ understanding of the economy as they monitor how businesses and consumers are responding to high interest rates. Crowds attend the Canadian Tulip Festival at Commissioners Park in Ottawa, on Saturday, May 13, 2023. THE CANADIAN PRESS/Justin Tang
The beaches of Vancouver Island's West Coast have been hard to reach recently due to a wildfire blocking the main highway access. (John Mckinley file photo)

B.C. tourism leader predicts strong tourism season if fires are doused

J.J Belanger said most travellers are pragmatic, but long-term challenges also lie ahead

The beaches of Vancouver Island's West Coast have been hard to reach recently due to a wildfire blocking the main highway access. (John Mckinley file photo)
Premier David Eby, here seen announcing a new Indigenous Justice Centre in Chilliwack and $10 million for supports, says he remains concerned about Glencor buying Teck Resources Ltd.’s steelmaking coal business. (Jennifer Feinberg/ Chilliwack Progress)

B.C. Premier ‘nervous’ about foreign bid for Teck’s steelmaking coal business

Swiss-based Glencore among several companies looking to buy a lucrative part of Teck’s business

Premier David Eby, here seen announcing a new Indigenous Justice Centre in Chilliwack and $10 million for supports, says he remains concerned about Glencor buying Teck Resources Ltd.’s steelmaking coal business. (Jennifer Feinberg/ Chilliwack Progress)
People pass the Bank of Canada building on Wellington Street in Ottawa, on Tuesday, May 31, 2022. The Bank of Canada raised its benchmark interest by 25 basis points to 4.75 per cent Wednesday, June 7, 2023– the highest point in more than two decades. THE CANADIAN PRESS/Justin Tang

Bank of Canada’s interest rate hike a ‘mistake,’ says B.C. economist

Marc Lee fears the rate hike will not fight inflation, but actually make it worse

People pass the Bank of Canada building on Wellington Street in Ottawa, on Tuesday, May 31, 2022. The Bank of Canada raised its benchmark interest by 25 basis points to 4.75 per cent Wednesday, June 7, 2023– the highest point in more than two decades. THE CANADIAN PRESS/Justin Tang
Premier David Eby said concerns about security and changing environmental norms in Asia promise significant opportunities for British Columbia. (Photo: THE CANADIAN PRESS/Chad Hipolito)

Premier David Eby brings home promises of economic opportunity from Asia trip

Japan and South Korea ‘feel a huge level of urgency’ around energy, critical minerals, Eby says

Premier David Eby said concerns about security and changing environmental norms in Asia promise significant opportunities for British Columbia. (Photo: THE CANADIAN PRESS/Chad Hipolito)
FILE - Employees walk through a lobby at Amazon's headquarters on Nov. 13, 2018, in Seattle. A group of Amazon workers upset about recent layoffs, a return-to-office mandate and the company's environmental impact is planning a walkout at its Seattle headquarters Wednesday. (AP Photo/Elaine Thompson, File)

Corporate Amazon workers protest company’s climate impact and return-to-office mandate in walkout

Telling executives to “strive harder,” hundreds of corporate Amazon workers protested what…

FILE - Employees walk through a lobby at Amazon's headquarters on Nov. 13, 2018, in Seattle. A group of Amazon workers upset about recent layoffs, a return-to-office mandate and the company's environmental impact is planning a walkout at its Seattle headquarters Wednesday. (AP Photo/Elaine Thompson, File)
Signage marks the Statistics Canada offices in Ottawa on July 21, 2010. Statistics Canada is set to release its gross domestic product figures for the month of March, as well as the first quarter of the year.THE CANADIAN PRESS/Sean Kilpatrick

Canada’s economy continues to outperform, raising odds of rate hike next week

The Canadian economy grew faster than expected in the first three months…

Signage marks the Statistics Canada offices in Ottawa on July 21, 2010. Statistics Canada is set to release its gross domestic product figures for the month of March, as well as the first quarter of the year.THE CANADIAN PRESS/Sean Kilpatrick
Grocery clerks and food service staff will be among the 150,000 British Columbians getting a pay raise when the minimum wage increases on June 1 to to $16.75 from $15.65. (Contributed)

B.C.’s minimum wage to go up to $16.75 on June 1

Prominent labour economist Jim Stanford defends scheduled increase among cost concerns

Grocery clerks and food service staff will be among the 150,000 British Columbians getting a pay raise when the minimum wage increases on June 1 to to $16.75 from $15.65. (Contributed)