Business

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
(Town of Qualicum Beach photo)
(Town of Qualicum Beach photo)
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
New Toyota RAV4 crossover SUVs for sale are seen at an auto mall in Ottawa, on Monday, April 26, 2021. THE CANADIAN PRESS/Justin Tang

Statistics Canada says retail sales up 4.8% in February

One strategist at BMO Capital Markets says retail sales continue to perform well when stores are allowed to open

New Toyota RAV4 crossover SUVs for sale are seen at an auto mall in Ottawa, on Monday, April 26, 2021. THE CANADIAN PRESS/Justin Tang
A customer leaves London Drugs in Cloverdale on October 6, 2020. (Malin Jordan)

London Drugs clearing shelf space for Western Canada restaurants to sell their goods

Restaurants are invited to immediately submit products online for retail consideration

A customer leaves London Drugs in Cloverdale on October 6, 2020. (Malin Jordan)
B.C.’s construction industry continues to be the No. 1 employer in B.C.’s goods sector, with more than 219,500 people relying directly on construction for a paycheque. (Black Press Media file photo)

Survey shows B.C. construction industry building career opportunities

Estimated 11,331 construction jobs in B.C. will go unfilled by 2030 due to labour shortages

B.C.’s construction industry continues to be the No. 1 employer in B.C.’s goods sector, with more than 219,500 people relying directly on construction for a paycheque. (Black Press Media file photo)
B.C. Premier John Horgan and Jobs Minister Ravi Kahlon announce grants for businesses to set up online sales at the B.C. legislature, March 17, 2021. (B.C. government)

B.C. launches $500M fund to subsidize green business growth

InBC ‘prioritizes our people and planet with profits,’ minister says

B.C. Premier John Horgan and Jobs Minister Ravi Kahlon announce grants for businesses to set up online sales at the B.C. legislature, March 17, 2021. (B.C. government)
Restaurant patrons enjoy the weather on a patio in Vancouver, B.C., Monday, April 5, 2021. The province has restricted indoor dining at all restaurants in B.C. due to a spike in COVID-19 numbers. THE CANADIAN PRESS/Jonathan Hayward

B.C. boosts ‘circuit breaker’ business aid as COVID-19 ban drags on

Hotels, motels eligible as well as restaurants, bars, fitness centres

Restaurant patrons enjoy the weather on a patio in Vancouver, B.C., Monday, April 5, 2021. The province has restricted indoor dining at all restaurants in B.C. due to a spike in COVID-19 numbers. THE CANADIAN PRESS/Jonathan Hayward
Poultry processing and other agricultural workplaces are among sources of workplace exposure to COVID-19, along with fitness facilities, restaurants and others. (Abbotsford News)

B.C. begins looking for its own COVID-19 sick pay solution

Federal, provincial budgets didn’t add to quarantine program

Poultry processing and other agricultural workplaces are among sources of workplace exposure to COVID-19, along with fitness facilities, restaurants and others. (Abbotsford News)
The Qualicum Beach Chamber of Commerce has new board of directors. (Submitted photo)
The Qualicum Beach Chamber of Commerce has new board of directors. (Submitted photo)
Kelowna’s lakefront visitor centre is one of 130 around the province. (Destination B.C.)

‘Stay local’: B.C. tourism groups back COVID-19 travel ban

Fast-spreading variants make non-essential travel too risky

Kelowna’s lakefront visitor centre is one of 130 around the province. (Destination B.C.)
Tofino residents expressed frustration over a recent post by Long Beach Lodge owner Tim Hackett that falsely claimed all residents have been vaccinated. (Westerly file photo)

Resort owner apologizes for suggesting Tofino is safe to travel to

Long Beach Lodge owner Tim Hackett apologizes to community and visitors

Tofino residents expressed frustration over a recent post by Long Beach Lodge owner Tim Hackett that falsely claimed all residents have been vaccinated. (Westerly file photo)
Smoke pours from the stacks at the Portlands Energy Centre in Toronto on Thursday January 15, 2009. THE CANADIAN PRESS/Frank Gunn

Risk experts say climate change to take big chunk of Canadian economy by 2050

Jerome Haegeli says the world’s current path puts Canada on track to lose 7% of its gross domestic product

Smoke pours from the stacks at the Portlands Energy Centre in Toronto on Thursday January 15, 2009. THE CANADIAN PRESS/Frank Gunn
Canadian driver Paul Tracy pulls out of the pits during the morning session at the Molson Indy in Vancouver, B.C., Saturday, July 26, 2003 (CP/Richard Lam)

Vancouver is considering hosting a Formula E race using electric cars

The race would be part of a three-day event focused on climate and sustainability

Canadian driver Paul Tracy pulls out of the pits during the morning session at the Molson Indy in Vancouver, B.C., Saturday, July 26, 2003 (CP/Richard Lam)
Chart from the April 20 B.C. budget shows sharp dip in real estate sales early in the COVID-19 pandemic and the even steeper climb since late 2020. (B.C. government)

Hot B.C. housing market drives property transfer tax gains

B.C. budget boosts tobacco, sweet drinks, carbon taxes

Chart from the April 20 B.C. budget shows sharp dip in real estate sales early in the COVID-19 pandemic and the even steeper climb since late 2020. (B.C. government)
Governor of the Bank of Canada Tiff Macklem holds a press conference at the Bank Of Canada in Ottawa on Wednesday, Oct. 28, 2020. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada keeps rate on hold, sees brighter economic outlook

The key rate remains at 0.25 per cent where it has held steady for more than a year

Governor of the Bank of Canada Tiff Macklem holds a press conference at the Bank Of Canada in Ottawa on Wednesday, Oct. 28, 2020. THE CANADIAN PRESS/Sean Kilpatrick
Queen Victoria arrives in Barkerville during the 2019 Victoria Day weekend celebrations. Barkerville Historic Town and Park typically opens in mid-May, but COVID-19 travel and gathering restrictions continue. (Quesnel Cariboo Observer)

B.C. restaurants to get COVID-19 ‘circuit breaker’ grant extension

Tourism promised $100 million boost when travel resumes

Queen Victoria arrives in Barkerville during the 2019 Victoria Day weekend celebrations. Barkerville Historic Town and Park typically opens in mid-May, but COVID-19 travel and gathering restrictions continue. (Quesnel Cariboo Observer)