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  • No, natural gas is not as bad a coal – IEA
    by Nelson Bennett on 22/07/2019 at 5:25 pm

    A new special report by the International Energy Agency (IEA) on natural gas is poking a hole in the argument that natural gas and LNG is just as bad, or even worse than coal, in terms of its global warming potential. It also finds that LNG exported to China from Canada would have lower emissions […]

  • GCT marks Vancouver container-shipping milestone
    by Rolando Hinojosa on 22/07/2019 at 4:48 pm

    Global Container Terminals (GCT), Canada’s largest terminal operator and maritime employer, celebrated a historic milestone July 18: the 50th anniversary of the first arrival of a dedicated deep-sea container ship to Vancouver’s shore. On July 18, 1969, the M.S. Axel Johnson, a […]

  • Editorial: Continuing to be on the take in Canada
    on 22/07/2019 at 2:55 pm

    Canada's global leadership deficit is becoming increasingly concerning for its trade and business prospects. As noted last week in this space, the country is an also-ran when it comes to power, influence and effort in Asia when it should be putting shoulder to the wheel in building its profile in […]

  • B.C. eliminates personal-exemption limit on out-of-province booze
    by Glen Korstrom on 19/07/2019 at 11:00 pm

    British Columbians can now visit another Canadian province and bring back to B.C. an unlimited amount of alcohol, the B.C. government said in a July 19 news release. The move also applies to people from other provinces who visit B.C. The government said that the new policy took effect July 8, and […]

  • Vancouver retail struggling in comparison with Toronto and Montreal
    by Glen Korstrom on 19/07/2019 at 10:03 pm

    What happened: Statistics Canada data released July 19 shows Metro Vancouver’s retail sales performance severely lagging in comparison with Canada’s two larger metropolitan areas. Why it matters: The retail sector helps drive the provincial economy and was worth almost $86 billion […]

  • Loblaws fights multimillion-dollar tax bill after discovery of years-long fraud scheme involving tax-exempt gas sales on Squamish Nation land
    on 19/07/2019 at 7:00 pm

    Loblaws Inc. is taking the provincial government to court over a $2.6 million motor fuel tax and interest bill after the company voluntarily disclosed the discovery of a years-long fraud scheme by third-party employees at a gas station on Squamish Nation land in North Vancouver. Loblaws filed a […]

  • Canadian chamber chief wants us to advance the discussion
    by Kirk LaPointe on 19/07/2019 at 7:00 pm

    When I arrived in Ottawa as a reporter in the Parliamentary Press Gallery at 23, Perrin Beatty was already an ancient 31. He was by then a long-serving Progressive Conservative MP, elected at the ripe age of 22, and had served as the youngest cabinet minister in our history before Justin […]

  • B.C. wineries face new Ontario law restricting e-commerce
    by Glen Korstrom on 19/07/2019 at 6:03 pm

    B.C. wineries could be on the hook for $250,000 in fines, with $100,000 in fines and jail sentences for winery principals, if they ship wine directly to Ontario consumers thanks to a new legal regime that the Ontario government put in place last month. Those same penalties apply to any person or […]

  • Apple eyes expansion in downtown Vancouver: report
    by Tyler Orton on 19/07/2019 at 5:57 pm

    What happened: Bloomberg reports Apple Inc. will take up two storeys at new downtown development What it means: Apple joins other tech giants like Microsoft Corp. and Amazon.com, Inc. in expansion plans for Vancouver Vancouver’s notoriously low office vacancy rate doesn’t look to be […]

  • B.C.’s $1.5B surplus should be $7.2B: auditor general
    by Jeremy Hainsworth on 19/07/2019 at 4:58 pm

    B.C’s budget surplus would be $7.2 billion, and not the $1.5 billion budget surplus B.C. Finance Minister Carole James reported July 19, if government used independent accounting standards, the auditor general said Friday. An opinion released by Auditor General Carol Bellringer said the […]

  • Vancouver workers must earn $35.43/hr to rent an average 2-bedroom apartment
    by Elana Shepert, Vancouver Is Awesome on 18/07/2019 at 11:32 pm

    The Canadian Centre for Policy Alternatives has released a rental housing wage report for cities across Canada and Vancouver was ranked the least affordable. The study determines what the hourly wage would have to be for a full-time worker to rent an average two-bedroom apartment using 30 precent […]

  • Top provincial executives took home $5.28 million in 2018-2019
    by Jeremy Hainsworth on 18/07/2019 at 11:20 pm

    The top earning B.C. government corporation executives pocketed a total of almost $5.28 million in salaries, benefits and pension contributions, said government figures released Thursday. The figures were released by Finance Minister Carole James as part of what the government called “ […]

  • What are we reading? July 18, 2019
    by BIV staff on 18/07/2019 at 9:59 pm

    Each week, BIV staff will share with you some of the interesting stories we have found from around the web.   Kirk LaPointe, editor-in-chief: It is an American study, but a harrowing one for millennials nevertheless. A large portion of today’s entry-level jobs are jeopardized by […]

  • Updated: $1.5 billion B.C. surplus for 2018-19, minister says
    by Jeremy Hainsworth on 18/07/2019 at 9:41 pm

    B.C. has posted a $1.5 billion budget surplus for 2018-19 stemming in part from a $2.9 billion increase in revenues over budget, Finance Minister Carole James said Thursday as she released the 2018-19 public accounts. “We are on a very strong fiscal footing,” James said. […]

  • Vancouver surges in tech-city rankings but diversity lags
    by Tyler Orton on 18/07/2019 at 6:00 pm

    What happened: Vancouver jumped in a ranking of top tech cities in North America What it means: Despite the gains, Vancouver ranks at the very bottom of the list for gender diversity The relatively low cost of wages and office space in Vancouver is having a magnetizing affect on technology […]

  • Richmond council set to give right-of-way to jet fuel pipeline
    by Maria Rantanen, Richmond News on 18/07/2019 at 5:40 pm

    Richmond city council appears to be granting the final piece of the puzzle that will allow a jet fuel pipeline to be built from the south arm of the Fraser River to the Vancouver International Airport. At Monday’s committee meeting, council narrowly supported giving the Vancouver Airport […]

  • Trans Mountain posts $36 million loss to date
    by Nelson Bennett on 18/07/2019 at 5:34 pm

    The Trans Mountain pipeline posted a $36 million net loss for the federal government in the first seven months that it owned the pipeline, according to the Parliamentary Budget Officer. A big chunk of that loss is attributable to $87 million in financing – i.e. interest on the debt the […]

  • BBB warns against fake Expedia ‘customer service’ reps
    by Chris Campbell, Burnaby Now on 18/07/2019 at 5:29 pm

    Scammers have been fraudulently using the company name Expedia Inc. to trick consumers out of thousands of dollars. Earlier this month, the Better Business Bureau started receiving several complaints from consumers about the scam, with some reporting losses of as much as $4,800.  The scam […]

  • Mattress Recycling springs back in Hope, B.C.
    by Rolando Hinojosa on 18/07/2019 at 5:17 pm

    For Mattress Recycling, calling the past couple of years ‘challenging’ would be an understatement. In May 2015, a fire destroyed the recycling company’s facility in south Vancouver. Then, almost exactly two years later, another fire decimated their Richmond plant. […]

  • Getting to the meat of what Canadians think of grilling
    by Mario Canseco on 18/07/2019 at 4:15 pm

    With a federal election expected in October, Canadian politicians are currently participating in what is affectionately known as the “barbecue circuit.” For the next few weeks, community events will almost certainly feature Members of Parliament, as well as the contenders who aspire to […]

  • Technological disruption unlikely to trigger labour doomsday
    by Jock Finlayson, Ken Peacock on 18/07/2019 at 7:00 am

    Today, economists and policy analysts interested in the future of work are confronted with a mix of conflicting evidence and forecasts. On the one hand are projections pointing to large-scale occupational obsolescence as artificial intelligence, machine learning, robotics, the internet of things […]

  • Island’s time: real estate developers catch a wave
    by Frank O'Brien on 17/07/2019 at 9:20 pm

    Victoria is facing big-city problems – and potential – as an industrial land shortage and white-hot demand for office and retail space characterize B.C.’s capital city, the province’s strongest commercial real estate market outside of the Lower Mainland. Up island, Nanaimo […]

  • Fort Nelson gets a bump to annual allowable cut
    by Nelson Bennett on 17/07/2019 at 8:53 pm

    The annual allowable cut (AAC) for the Fort Nelson timber supply region will be increased by 1 million cubic metres. It may be the only region of the province to actually see its AAC increase. The AAC for interior region timber supply areas is on the decline, due to the mountain pine beetle […]

  • Strong demand, short supply keep office, industrial on full boil
    by Peter Mitham on 17/07/2019 at 8:11 pm

    World leader The latest figures from CBRE Ltd. give Vancouver’s downtown a credible claim to being the hottest office market in the world, and most certainly North America. A mid-June report examining occupancy costs saw Vancouver’s core outpace that of every other city in Canada with […]

  • $2.7 million B.C. tug fuel spill fine Canada’s largest ever
    by Jeremy Hainsworth on 17/07/2019 at 6:01 pm

    The October 2016 sinking of a tug boat near Bella Bella that released approximately 107,552 litres of diesel fuel and 2,240 litres of lubricants has resulted in Canada’s largest ever penalty under the Fisheries Act – $2.7 million. The Nathan E. Stewart was operating in […]

  • Owner of Burnaby refinery fighting $5-mil bill for uncollected taxes on coloured fuel
    by Cornelia Naylor, Burnaby Now on 17/07/2019 at 5:55 pm

    The Calgary company that owns the former Chevron refinery in Burnaby is trying to fend off more than $5.24 million in penalties and interest from the B.C. finance ministry for failing to collect taxes on coloured fuel. In a petition filed in B.C. Supreme Court last week, Parkland Fuel Corporation […]

  • YVR’s new ad campaign features search for Ryan Reynolds
    by Kirsten Clarke, Richmond News on 17/07/2019 at 5:40 pm

    YVR’s new ad campaign features Vancouver Airport president and CEO Craig Richmond claiming to be obsessed with finding Ryan Reynolds – and he says he needs some help. Richmond took some time away from running Canada’s second busiest airport to show off his sketch comedy chops in […]

  • Highway camera images being requested by B.C. police
    by Jeremy Hainsworth on 17/07/2019 at 4:40 pm

    Those highway cameras that the province encourages you to consult for road and weather conditions for long drives are watching you. Documents obtained by Glacier Media from the provincial government under access to information laws shows police routinely request footage taken by DriveBC’s BC […]

  • Building the case for more mass timber construction
    by Rolando Hinojosa on 17/07/2019 at 4:15 pm

    Faced with the challenge of diminished lumber supply and lower prices, the British Columbia government has made investing in higher-value-added products like engineered wood a priority, betting that supporting mass timber construction can be a winning proposition for the industry. “For too […]

  • High gas prices could cause long-term financial fallout
    by Chuck Chiang on 17/07/2019 at 3:45 pm

    While this spring’s record-high gas prices may have receded from their peak in late April, the volatility of the cost of filling up may have already done its damage in terms of affecting Vancouverites’ summer travel and long-term financial planning. That’s the finding of a survey […]

  • These 22 dinners across B.C. on one night this August all benefit a great cause
    by Lindsay William-Ross, Vancouver Is Awesome on 17/07/2019 at 7:00 am

    Summerdine is the beautiful August night each year when several restaurants around the province set aside a special table at the same time in support of the Les Dames d’Escoffier scholarship fund. This year, on the evening of August 14, there will be 22 of these “dinner parties” […]

  • Sawmill closures hurt B.C. communities
    by Nelson Bennett on 17/07/2019 at 7:00 am

    The current wave of sawmill closures and curtailments rippling through B.C. had been expected for at least a decade. But few expected that wave to hit so fast and furious. In recent weeks, B.C. forestry companies have announced the closure of four sawmills, and several have eliminated, or plan to […]

  • FortisBC inks two-year LNG export contract
    by Nelson Bennett on 16/07/2019 at 8:36 pm

    FortisBC has inked its first term contract to ship liquefied natural gas to China. Independent shippers have exported LNG produced at FortisBC’s Tilbury plant to China since 2017, but those shipments have mostly been test and spot market sales. FortisBC has now inked a two-year contract […]

  • Reid family’s Rival Technologies raises $8.5m in venture capital
    by Tyler Orton on 16/07/2019 at 5:43 pm

    What happened: Rival Technologies closes funding round What it means: The company plans to invest in its own tech and expand its sister company A market research firm with a history tied to Vancouver tech stalwart Vision Critical is tapping into some big venture capital. Rival Technologies, Inc. […]

  • Lower Mainland’s new home supply plummets by nearly half: report
    by Joannah Connolly, Glacier Media Real Estate on 16/07/2019 at 5:30 pm

    The supply of new presale homes released to market in the Lower Mainland has plummeted by nearly half, according to the Mid-Year 2019 Real Estate Insights report by real estate marketing and research firm MLA Advisory. Despite this huge reduction in supply, the rate of take-up is even slower, with […]

  • Fraud allegations surround cryptocurrency offering
    by Albert Van Santvoort on 16/07/2019 at 4:03 pm

    Business in Vancouver takes an in-depth look at the aftermath of the record-breaking deal that made headlines when Vancouver-based Vanbex raised up to $33 million for its cryptocurrency offering. Now the principals of that firm are fending off allegations that they fraudulently used much of that […]

  • Pro sports teams struggle to reverse business decline
    by Chuck Chiang on 16/07/2019 at 4:00 pm

    The last few years have been hard times for Vancouver’s sports fans. The city’s three major-league professional teams – the Vancouver Canucks, BC Lions and Vancouver Whitecaps FC – have all struggled in competition and at the turnstiles. But all three clubs are now rolling […]

  • Restaurant owners banking on business bump from curbside patios
    by Glen Korstrom on 16/07/2019 at 3:08 pm

    New patios opening in Vancouver could be a sign that long-held concerns the city and B.C.’s Liquor Control and Licensing Branch (LCLB) have about outdoor patios separated by a sidewalk from restaurants are diminishing. Four such patios are operating under a three-year pilot project that the […]

  • Canadian suspicion about Chinese investment is deepening
    by Mario Canseco on 16/07/2019 at 1:00 pm

    In October 2012, a survey I conducted asked Canadians about the proposed takeover of Calgary-based oil and gas company Nexen Inc. by China’s state-owned CNOOC Ltd. At that time, a majority of Canadians (58%) believed the federal government should block the transaction – a proportion […]

  • Larry’s Market: Vegetarian grocery store opens in North Vancouver
    by John Goodman, North Shore News on 16/07/2019 at 7:00 am

    Opening Larry’s Market at the North Vancouver Shipyards feels like coming home for Ryan Dennis, who spent 25 years in the grocery business before deciding to open his own store. He’s the third generation of his family to work on the North Vancouver waterfront at the foot of Lonsdale. […]

  • Who's getting sued: July 16, 2019
    on 16/07/2019 at 7:00 am

    These corporate claims were filed with the BC Supreme Court registry in Vancouver. Information is derived from notices of civil claim. Civil claims have not been tested or proven in court.   Defendants Fernando Palazuelo and Annibale SAC Plaintiffs Orion Fund JV Ltd. as collateral agent […]

  • Vancouver could soon be home to Canada’s Best Restroom
    by Lindsay William-Ross, Vancouver Is Awesome on 16/07/2019 at 7:00 am

    When it comes to bathrooms, not all cans are created equal. Sure, when nature calls, our needs are pretty basic. But our wants, well, those can turn a regular ol’ john into a restroom that’s damn near a work of art. That’s where the annual Canada’s Best Restroom competition […]

  • Insider trading: July 16, 2019
    on 16/07/2019 at 7:00 am

    The following is a list of stock trades made by corporate executives, directors and other company insiders of B.C.’s public companies filed in the week ended July 10, 2019. The information comes from a compilation of required reports filed with the BC Securities Commission obtained from […]

  • New metallurgical coal mines proposed for B.C.
    by Nelson Bennett on 16/07/2019 at 7:00 am

    Continued strong global demand for steelmaking coal, especially in China and India, may be behind two new coal mine proposals in B.C. Conuma Coal Resources Ltd. recently filed an application with the B.C. Environmental Assessment Office (EAO) to expand its current operations in the […]

  • Health Canada revokes Agrima Botanicals’ cannabis licences
    by Glen Korstrom on 16/07/2019 at 12:25 am

    What happened: Health Canada has revoked the production and dealer’s licences at Vancouver-based cannabis producer Agrima Botanicals Corp., a subsidiary of Ascent Industries Corp. (CSE:ASNT). Why this matters: This is the first time that the federal cannabis regulator has taken that step […]

  • Vancouver-Seattle-Portland high-speed rail zips closer to reality with new business case
    by Tyler Orton on 15/07/2019 at 9:01 pm

    What happened: The state government in Washington releases new business case for high-speed rail linking Cascadia region What it means: The new infrastructure could provide a big economic boost by reducing travel times throughout the region drastically A high-speed rail linking Vancouver, Seattle […]

  • B.C. court grants Miniso Canada creditor protection
    by Glen Korstrom on 15/07/2019 at 6:14 pm

    The Canadian arm of Chinese discount retailer Miniso has secured creditor protection through an order from the Supreme Court of British Columbia. Various entities known together as Miniso Group filed for the creditor protection for Miniso Canada. The news was not a surprise given that in […]

  • Home sales down in B.C. on annual basis, up nationwide
    by Joannah Connolly, Glacier Media Real Estate on 15/07/2019 at 6:07 pm

    After a brief flurry of activity in May, home sales in B.C. in June saw a typical early summer decline, according to statistics released July 14 by the British Columbia Real Estate Association (BCREA). The BCREA reported that 6,960 residential unit sales were recorded by the province’s […]

  • Port Moody's Westport Village goes to public hearing
    by Grant Granger, Tri-City News on 15/07/2019 at 6:00 pm

    The proposed vision for the former Andrés Wine site in Port Moody will to a public hearing later this month, and many who have had early eyes on it like what they see. Westport Village, which is being proposed by property owner Andrew Peller Ltd., calls for 10 buildings on the 1.5-hectare […]

  • Investors launch class action suit in alleged Bridgemark Group stock scheme
    by Graeme Wood on 15/07/2019 at 4:59 pm

    Two investors have launched a class action lawsuit against a group of alleged purported consultants, known as the Bridgemark Group, and 11 public companies who are subject to a fraud investigation by the B.C. Securities Commission. Vancouver lawyer Paul Bennett of Bennett Mounteer LLP filed a […]

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