Business

The Bank of Canada is pictured in Ottawa on Tuesday Sept. 6, 2022. The Bank of Canada is expected to announce it will be raising its key interest rate today, making it the fifth consecutive increase this year. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada raises key interest rate by 0.75%, says rates likely need to go higher

Expected lift brings the bank’s key rate target to 3.25 per cent

The Bank of Canada is pictured in Ottawa on Tuesday Sept. 6, 2022. The Bank of Canada is expected to announce it will be raising its key interest rate today, making it the fifth consecutive increase this year. THE CANADIAN PRESS/Sean Kilpatrick
Swoop Airlines. (Contributed)

Swoop there it goes: Low-cost airline cancels Comox-Edmonton route

Barely three months after its launch, Swoop Airlines - WestJet’s ultra-low-cost carrier…

Swoop Airlines. (Contributed)
The stairs in Summit Park in Victoria offer a great fitness opportunity as walking deemed a popular activity among British Columbians. (Christine van Reeuwyk/News Staff)

Survey says British Columbians are tired of trying to walk off COVID pounds

79% of survey respondents walk at least once a week, but 41% are bored with their regimen

The stairs in Summit Park in Victoria offer a great fitness opportunity as walking deemed a popular activity among British Columbians. (Christine van Reeuwyk/News Staff)
Summer beers brewed in Victoria benefit a variety of causes in B.C. and Alberta. (Vancouver Island Brewery/Facebook)

Victoria beer makers brew up charitable flavours

Beaches, salmon stocks and more benefit from breweries giving back

Summer beers brewed in Victoria benefit a variety of causes in B.C. and Alberta. (Vancouver Island Brewery/Facebook)
The Bank of Canada is shown in Ottawa on Tuesday, July 12, 2022. The Bank of Canada is expected to announce another substantial interest rate increase next week. THE CANADIAN PRESS/Sean Kilpatrick

BoC expected to raise interest rate for fifth time at pivotal moment for economy

Some economists think Wednesday’s hike could be the last for a while

The Bank of Canada is shown in Ottawa on Tuesday, July 12, 2022. The Bank of Canada is expected to announce another substantial interest rate increase next week. THE CANADIAN PRESS/Sean Kilpatrick
A “closed’ sign hangs in a store window. Rising operating costs, lack of demand and hikes in interest rates are significantly affecting small businesses. THE CANADIAN PRESS/Adrian Wyld

Canadian business bankruptcies on the rise with no signs of slowing

54 per cent of business owners are yet to return to normal, pre-pandemic revenue levels

A “closed’ sign hangs in a store window. Rising operating costs, lack of demand and hikes in interest rates are significantly affecting small businesses. THE CANADIAN PRESS/Adrian Wyld
Moila and Brian Jenkins of Longhouse Specialty Forest Products in Parksville won a defamation lawsuit against a disgruntled customer who posted negative Submitted photo) Moila and Brian Jenkins of Longhouse Specialty Forest Products in Parksville won a defamation lawsuit against a disgruntled customer who posted negative reviews online. (Submitted photo)

Parksville business awarded $90,000 in damages after malicious online review

Judge found online reviews from customer ‘false’ and ‘malicious’

Moila and Brian Jenkins of Longhouse Specialty Forest Products in Parksville won a defamation lawsuit against a disgruntled customer who posted negative Submitted photo) Moila and Brian Jenkins of Longhouse Specialty Forest Products in Parksville won a defamation lawsuit against a disgruntled customer who posted negative reviews online. (Submitted photo)
A general view of the Ryerson University campus in Toronto, is seen on Thursday, January 17, 2019. Researchers with RBC are calling for an urgent reset of Canada’s immigration process to keep talented international students in country to fill key labour shortages.THE CANADIAN PRESS/Chris Young

Rules need change to keep international students in Canada and fill labour gaps: RBC

Study finds complicated system may be turning qualified and much-needed workers away

A general view of the Ryerson University campus in Toronto, is seen on Thursday, January 17, 2019. Researchers with RBC are calling for an urgent reset of Canada’s immigration process to keep talented international students in country to fill key labour shortages.THE CANADIAN PRESS/Chris Young
Minister of Environment Steven Guilbeault speaks during a press conference outside the GLOBE Forum at the Convention Centre in Vancouver, B.C., on Tuesday, March 29, 2022. A Canadian environmental organization is calling for more transparency and better enforcement of national regulations of toxic chemicals after more than one quarter of items bought at popular dollar stores tested positive for substances such as lead. THE CANADIAN PRESS/Chad Hipolito

Toxic chemicals commonly found in dollar store items, testing shows

One in four products tested were positive for managed substances

Minister of Environment Steven Guilbeault speaks during a press conference outside the GLOBE Forum at the Convention Centre in Vancouver, B.C., on Tuesday, March 29, 2022. A Canadian environmental organization is calling for more transparency and better enforcement of national regulations of toxic chemicals after more than one quarter of items bought at popular dollar stores tested positive for substances such as lead. THE CANADIAN PRESS/Chad Hipolito
The Bank of Canada is shown in Ottawa on Tuesday, July 12, 2022. As the Bank of Canada tries to reign in red hot inflation, the central bank is engaging in another fight: one against misinformation. THE CANADIAN PRESS/Sean Kilpatrick

Did the Bank of Canada print money to finance the feds? Central bank sets record straight

Conservative leadership front-runner Pierre Poilievre has been a loud critic of the Bank of Canada

The Bank of Canada is shown in Ottawa on Tuesday, July 12, 2022. As the Bank of Canada tries to reign in red hot inflation, the central bank is engaging in another fight: one against misinformation. THE CANADIAN PRESS/Sean Kilpatrick
Statistics Canada’s offices at Tunney’s Pasture in Ottawa are shown on March 8, 2019. THE CANADIAN PRESS/Justin Tang

Economy grew by annual rate of 3.3% in second quarter, Statistics Canada says

According to the federal agency, real GDP grew by 0.8 per cent in the second quarter

Statistics Canada’s offices at Tunney’s Pasture in Ottawa are shown on March 8, 2019. THE CANADIAN PRESS/Justin Tang
Laska Pare, founder and CEO of Flipside Plastics, with the Victoria company’s first soap dish model, made from coffee lids that were discarded at local cafes. (Courtesy of Flipside Plastics)

Global plastic waste leads to Victoria company’s upcycled soap dish

Flipside Plastics is gearing up to release its new and improved model this fall

Laska Pare, founder and CEO of Flipside Plastics, with the Victoria company’s first soap dish model, made from coffee lids that were discarded at local cafes. (Courtesy of Flipside Plastics)
Members of the British Columbia General Employees’ Union picket outside a B.C. Liquor Distribution Branch facility, in Delta, B.C., on August 15, 2022. British Columbia’s largest public-sector union says it is standing down after more than two weeks of limited job action, following the resumption of contract talks.THE CANADIAN PRESS/Darryl Dyck

Restaurant and bar group hails lifting of job action by B.C. public-sector union

Industry grateful further distress was being averted for businesses already facing a labour shortage

Members of the British Columbia General Employees’ Union picket outside a B.C. Liquor Distribution Branch facility, in Delta, B.C., on August 15, 2022. British Columbia’s largest public-sector union says it is standing down after more than two weeks of limited job action, following the resumption of contract talks.THE CANADIAN PRESS/Darryl Dyck
BC Lottery Corp. was the winning team at the Otter Co-op and Angry Otter golf tournament on Aug. 25. They picked a charity, BC Children’s Hospital, to receive a $10K donation from the tourney proceeds. (Bailey Ridder/Special to Langley Advance Times)

Otter Co-op purchases 25 more retail fuel locations

As part of a federal co-operative deal, Otter bought several Husky convenience stores and gas bars

  • Aug 30, 2022
BC Lottery Corp. was the winning team at the Otter Co-op and Angry Otter golf tournament on Aug. 25. They picked a charity, BC Children’s Hospital, to receive a $10K donation from the tourney proceeds. (Bailey Ridder/Special to Langley Advance Times)
FILE - Tesla CEO Elon Musk speaks before unveiling the Model Y at Tesla’s design studio in Hawthorne, Calif., March 14, 2019. Musk’s legal team is demanding to hear from a whistleblowing former Twitter executive who could help bolster Musk’s case for backing out of a $44 billion deal to buy the social media company. Twitter’s former security chief Peiter Zatko received a subpoena on Saturday, Aug. 27, 2022, from Musk’s team, according to Zatko’s lawyer and court records. (AP Photo/Jae C. Hong, File)

Musk cites whistleblower as new reason to exit Twitter deal

Twitter trying to force to Tesla boss to go through with the $44 billion deal

FILE - Tesla CEO Elon Musk speaks before unveiling the Model Y at Tesla’s design studio in Hawthorne, Calif., March 14, 2019. Musk’s legal team is demanding to hear from a whistleblowing former Twitter executive who could help bolster Musk’s case for backing out of a $44 billion deal to buy the social media company. Twitter’s former security chief Peiter Zatko received a subpoena on Saturday, Aug. 27, 2022, from Musk’s team, according to Zatko’s lawyer and court records. (AP Photo/Jae C. Hong, File)
Logs are seen in an aerial view stacked at the Interfor sawmill, in Grand Forks, B.C., on May 12, 2018. International Trade Minister Mary Ng says Canada is formally initiating a challenge of “unwarranted and unfair” U.S. duties on Canadian softwood lumber. THE CANADIAN PRESS/Darryl Dyck

Canada formally initiates challenge of ‘unfair’ U.S. duties on softwood lumber

Feds file notice under the U.S.-Mexico-Canada trade agreement’s dispute resolution system

Logs are seen in an aerial view stacked at the Interfor sawmill, in Grand Forks, B.C., on May 12, 2018. International Trade Minister Mary Ng says Canada is formally initiating a challenge of “unwarranted and unfair” U.S. duties on Canadian softwood lumber. THE CANADIAN PRESS/Darryl Dyck
Braby Motors co-owner Chris Davis says the dealership has been lucky with inventory. (Martha Wickett-Salmon Arm Observer)

Pandemic causes inventory shortage for Shuswap car dealers

The supply chains will be ‘cramped for a while yet’

  • Aug 30, 2022
Braby Motors co-owner Chris Davis says the dealership has been lucky with inventory. (Martha Wickett-Salmon Arm Observer)
People stand on decks at the bow of the Celebrity Cruises vessel Celebrity Eclipse as it leaves port in Vancouver for a trip to Alaska, on Sunday, Aug. 14, 2022. THE CANADIAN PRESS/Darryl Dyck

Cruise ship stuck in Vancouver by tugboat strike may sail today, passengers are told

Social media accounts flooded with complaints from people saying they are trapped aboard

People stand on decks at the bow of the Celebrity Cruises vessel Celebrity Eclipse as it leaves port in Vancouver for a trip to Alaska, on Sunday, Aug. 14, 2022. THE CANADIAN PRESS/Darryl Dyck
The Victoria International Airport has been named the most efficient airport in North America in the under 5 million passengers category. (Black Press Media file photo)

Victoria airport named most efficient of its size in North America

The recognition comes from the 2022 Global Airport Performance Benchmarking Report

The Victoria International Airport has been named the most efficient airport in North America in the under 5 million passengers category. (Black Press Media file photo)
Canadian Federation of Independent Business says Alberta’s small business confidence dropped sharply this month.

Optimism deflating among B.C. small business owners amid inflation, labour shortages

Indexes are 23 per cent below their 2010-2019 average signaling challenging economic conditions

  • Aug 29, 2022
Canadian Federation of Independent Business says Alberta’s small business confidence dropped sharply this month.