Business

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

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

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

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)
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)
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)
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 one step closer to hosting Formula E electric car race

The 2022 Vancouver E-Prix 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)
A South Surrey blueberry farmer is defending the use of wind turbines after a Morgan Creek couple filed a complaint against his neighbour. (Pixabay photo)

South Surrey noise complaint an example of urban-rural clash, says farmer

‘I do feel there is not a lot of respect for the farmers’: Avtar Longiye

A South Surrey blueberry farmer is defending the use of wind turbines after a Morgan Creek couple filed a complaint against his neighbour. (Pixabay photo)
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)
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)
The Disney store at Guildford Town Centre in Surrey.

Metro Vancouver Disney stores among 18 closing in Canada, insider report speculates

Staff in the retail locations have not yet been informed of the company’s plans – which have not been made public

  • Apr 28, 2021
The Disney store at Guildford Town Centre in Surrey.
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. 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)