Business

Abbotsford International Airport. (Black Press Media files)

Federal government unlocks $740 million in relief for airports

About $490 million of that windfall is bound for large airports to put toward critical infrastructure such as runway repairs and transit stations

Abbotsford International Airport. (Black Press Media files)
B.C. Labour Minister Harry Bains in the B.C. legislature, May 13, 2019. (Hansard TV)

VIDEO: B.C. to provide 3 days of sick pay for COVID-19 absences

Province will support employers on cost, labour minister says

B.C. Labour Minister Harry Bains in the B.C. legislature, May 13, 2019. (Hansard TV)
Interfor’s Castlegar mill is getting $35 million in upgrades. Photo by: John Boivin

Interfor to invest $35 million at Castlegar mill

Project will enhance productivity and competitiveness

Interfor’s Castlegar mill is getting $35 million in upgrades. Photo by: John Boivin
Gord Judson steers his log truck down a forest service road, using two-way radio and call signals to mark his position for oncoming traffic. (B.C. Forest Safety Council)

Planning some B.C. wilderness fishing? Don’t catch a log truck

Remote recreation areas bracing for heavy pandemic pressure

Gord Judson steers his log truck down a forest service road, using two-way radio and call signals to mark his position for oncoming traffic. (B.C. Forest Safety Council)
Amazon is pausing its Prime Day marketing event in Canada this year amid ongoing COVID-19 outbreaks at its facilities in Ontario. THE CANADIAN PRESS/Nathan Denette

Amazon Prime Day halted in Canada due to COVID-19 outbreaks in warehouses

The event was postponed to protect the health and safety of employees and customers, the company says

Amazon is pausing its Prime Day marketing event in Canada this year amid ongoing COVID-19 outbreaks at its facilities in Ontario. THE CANADIAN PRESS/Nathan Denette
Jobs Minister Ravi Kahlon speaks in the B.C. legislature, describing work underway to make a small business and tourism aid package less restrictive, Dec. 10, 2020. (Hansard TV)

B.C.’s latest COVID-19 restrictions cost thousands of service jobs

Part-time workers set back again by spike in virus spread

Jobs Minister Ravi Kahlon speaks in the B.C. legislature, describing work underway to make a small business and tourism aid package less restrictive, Dec. 10, 2020. (Hansard TV)
Amazon has announced the creation of five new facilities in B.C., to employ about 2,000 people. (Amazon/Special to Black Press Media)

Amazon adds new facilities in Langley, Pitt Meadows, Delta, Vancouver

The Vancouver port centre will be the first Amazon centre to feature robotics in B.C.

Amazon has announced the creation of five new facilities in B.C., to employ about 2,000 people. (Amazon/Special to Black Press Media)
B.C. average home price and sales level to 2023, showing steep drop in sales expected next year. (Central 1)

Forecast calls for B.C. home sales to ‘explode,’ then drop off

Average price to rise another 10% in 2021, credit unions say

B.C. average home price and sales level to 2023, showing steep drop in sales expected next year. (Central 1)
A real estate sign is shown in Victoria, B.C., on Friday, June 1, 2018. THE CANADIAN PRESS/Chad Hipolito

CMHC predicts COVID-19 immunity will moderate pace of home sales, prices by 2023

The agency also predicts that rental demand will rebound as immigration recovers

A real estate sign is shown in Victoria, B.C., on Friday, June 1, 2018. THE CANADIAN PRESS/Chad Hipolito
The head offices of Caisse Desjardins are seen, Wednesday, February 24, 2021 in Montreal.THE CANADIAN PRESS/Ryan Remiorz

Desjardins drops disease-related liability, property damage coverage for some claims

Company said it will not cover them in the event they are sued for spreading a communicable disease

The head offices of Caisse Desjardins are seen, Wednesday, February 24, 2021 in Montreal.THE CANADIAN PRESS/Ryan Remiorz
A load of lumber is hauled down Highway 3 in southern B.C., the province that supplies about half of U.S. exports to the U.S. (B.C. government photo)

U.S. home builders call for end to Canadian lumber trade war

U.S. Lumber Coalition says duties a small part of record price

A load of lumber is hauled down Highway 3 in southern B.C., the province that supplies about half of U.S. exports to the U.S. (B.C. government photo)
A Wealthsimple Trade app icon is shown on a smartphone on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Jesse Johnston
A Wealthsimple Trade app icon is shown on a smartphone on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Jesse Johnston
Brendan Kennedy, CEO and founder of British Columbia-based Tilray Inc., poses next to his company’s logo at Nasdaq where the company’s IPO (TLRY) opened, Thursday, July 19, 2018, in New York. THE CANADIAN PRESS/AP/Bebeto Matthews

Tilray-Aphria deal closes, company to control biggest share of Canadian pot market

About 99 per cent of Aphria shareholders voted in favour of the deal in April

Brendan Kennedy, CEO and founder of British Columbia-based Tilray Inc., poses next to his company’s logo at Nasdaq where the company’s IPO (TLRY) opened, Thursday, July 19, 2018, in New York. THE CANADIAN PRESS/AP/Bebeto Matthews
Thrive Cannabis’s on-location storefront prepares to be Ontario’s first farm-gate store, set to open this month in Simcoe, Ontario Tuesday, April 13, 2021. THE CANADIAN PRESS/Tara Walton
Thrive Cannabis’s on-location storefront prepares to be Ontario’s first farm-gate store, set to open this month in Simcoe, Ontario Tuesday, April 13, 2021. THE CANADIAN PRESS/Tara Walton
Economists say the Canadian dollar is at a ‘sweet-spot’ after hitting a three-year-high yesterday, reaching a point where it benefits consumers but doesn’t hurt businesses too much. THE CANADIAN PRESS/Jonathan Hayward

Rising loonie hits ‘sweet spot,’ likely to climb further: economists

The loonie traded for 81.34 cents US Thursday, the highest level since February 2018. It’s been above 80 cents US since last week.

Economists say the Canadian dollar is at a ‘sweet-spot’ after hitting a three-year-high yesterday, reaching a point where it benefits consumers but doesn’t hurt businesses too much. THE CANADIAN PRESS/Jonathan Hayward
Playland’s Corkscrew rollercoaster at the PNE. (Black Press Media files)

Vancouver says PNE needs $8M from the province in order to survive

City says 111-year-old exhibition stands to lose nearly $15 million after closures throughout the last year

Playland’s Corkscrew rollercoaster at the PNE. (Black Press Media files)
In this photo provided by the New York Stock Exchange, traders work on the floor, Thursday, April 15, 2021.(Courtney Crow/New York Stock Exchange via AP)
In this photo provided by the New York Stock Exchange, traders work on the floor, Thursday, April 15, 2021.(Courtney Crow/New York Stock Exchange via AP)
Shuswap MLA Greg Kyllo is the B.C. Liberal labour critic. (Hansard TV)

No injured worker funds for COVID-19 sick pay, B.C. Liberals say

Premier has suggested WorkSafeBC an option to cover costs

Shuswap MLA Greg Kyllo is the B.C. Liberal labour critic. (Hansard TV)
B.C. Finance Minister Selina Robinson presents bill to delay B.C.’s budget as late as April 30, and allow further spending before that, B.C. legislature, Dec. 8, 2020. (Hansard TV)

B.C. to remove speculation ‘air tax’ passed on to commercial tenants

Tax applies to empty space above property because it’s vacant

B.C. Finance Minister Selina Robinson presents bill to delay B.C.’s budget as late as April 30, and allow further spending before that, B.C. legislature, Dec. 8, 2020. (Hansard TV)
Netflix CEO Reed Hastings, left, poses with Ted Sarandos, chief content officer of Netflix, during a news conference in Seoul, South Korea. THE CANADIAN PRESS/Ahn Young-joon

Netflix chooses Toronto for new Canadian corporate headquarters

The company had been eyeing Toronto and Vancouver since the streamer shoots several productions in both markets

Netflix CEO Reed Hastings, left, poses with Ted Sarandos, chief content officer of Netflix, during a news conference in Seoul, South Korea. THE CANADIAN PRESS/Ahn Young-joon