Business

A new report says Canada’s small businesses now collectively owe more than $135 billion as they struggle to survive the pandemic, a staggering amount experts say could hurt the country’s economic recovery. THE CANADIAN PRESS/Adrian Wyld

Canadian small businesses rack up $135 billion in debt to survive pandemic: report

Federation of Independent Business said the average small business owner has accrued $170K in debt

A pedestrian walks past the Supreme Court of Canada in Ottawa on Thursday, Nov. 26, 2020. Canada’s top court has decided against hearing appeals brought to it by Bell Canada and a number of cable companies. THE CANADIAN PRESS/Sean Kilpatrick

Canada’s top court says it won’t hear appeals by Bell and several cable companies

Supreme Court refusal a victory for Canada’s independent internet providers, may lead to lower prices

A real estate sign is pictured in Vancouver, Tuesday, June 12, 2018. THE CANADIAN PRESS Jonathan Hayward

Home sales shifting towards pricier housing in several major markets, CMHC says

In more recent months, CMHC has seen the number of sales outpace new listings

The Port of Nanaimo has signed a 50-year-agreement with DP World around short-sea shipping operations at Duke Point Terminal. (News Bulletin file photo)

Lease ‘important first step’ in $105-million Nanaimo port expansion project

Port of Nanaimo and DP World sign 50-year shipping operations agreement for Duke Point

The Port of Nanaimo has signed a 50-year-agreement with DP World around short-sea shipping operations at Duke Point Terminal. (News Bulletin file photo)
Wall Street’s mania over GameStop is on again, at least for one afternoon. Shares in the troubled video game company more than doubled Wednesday, Feb. 24, 2021 to $91.71 apiece, the stock’s best day since Jan. 27, when it was going for $347.51 a share. (AP Photo/John Minchillo)

GameStop shares double Wednesday after tumbling for much of February

Wall Street’s mania over GameStop is on again, at least for one afternoon

Wall Street’s mania over GameStop is on again, at least for one afternoon. Shares in the troubled video game company more than doubled Wednesday, Feb. 24, 2021 to $91.71 apiece, the stock’s best day since Jan. 27, when it was going for $347.51 a share. (AP Photo/John Minchillo)
The Trading Post building in Langford was demolished on Tuesday. (Michelle Cabana/Black Press Media)
The Trading Post building in Langford was demolished on Tuesday. (Michelle Cabana/Black Press Media)
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Cascadia Liquor's new Quadra Street location
B.C. NDP leader John Horgan and former finance minister Carole James roll out “StrongerBC,” a $1.5 billion business support plan for COVID-19, eight months after the B.C. legislature approved the money and four days before a snap election call, Sept. 17, 2020. (B.C. government photo)

B.C.’s COVID-19 business grant fund still mostly unspent

$300 million pandemic assistance approved almost a year ago

B.C. NDP leader John Horgan and former finance minister Carole James roll out “StrongerBC,” a $1.5 billion business support plan for COVID-19, eight months after the B.C. legislature approved the money and four days before a snap election call, Sept. 17, 2020. (B.C. government photo)
Temporary changes to allow for wholesale pricing for the hospitality industry were implemented June 2020 and set to expire March 31.	(Pixabay photo)

Pubs, restaurants to pay wholesale prices on liquor permanently in COVID-recovery

Pre-pandemic, restaurateurs and tourism operators paid full retail price on most liquor purchases

Temporary changes to allow for wholesale pricing for the hospitality industry were implemented June 2020 and set to expire March 31.	(Pixabay photo)
The association representing woodstoves is fighting bans by municipal governments in the Comox Valley. File photo

Industry fighting back against B.C. woodstove bans

Clean-air advocates not sold on industry data about new stoves

The association representing woodstoves is fighting bans by municipal governments in the Comox Valley. File photo
Chemainus Festival of Murals Society president Tom Andrews displays the Chemainus Dollars $10 bill with the same scene on it as The Native Heritage mural. (Photo by Don Bodger)

Chemainus Dollars revert to being strictly souvenirs on April 5

Unique currency spendable in Chemainus becoming a collectible only

Chemainus Festival of Murals Society president Tom Andrews displays the Chemainus Dollars $10 bill with the same scene on it as The Native Heritage mural. (Photo by Don Bodger)
Part of Seaspan’s fleet in action. (File photo courtesy of Seaspan)

Seaspan to field test new energy storage system that will more than triple its battery capacity

The company says the new system will play a role in making marine shipping more green

Part of Seaspan’s fleet in action. (File photo courtesy of Seaspan)
Greater Victoria’s second Marshalls location is scheduled to open in Langford on March 9. (Photo courtesy of Marshalls)

New department store set to open March 9 in Langford

Marshalls will be opening its second location in Greater Victoria next month

Greater Victoria’s second Marshalls location is scheduled to open in Langford on March 9. (Photo courtesy of Marshalls)
Members and supporters of the Victoria Cannabis Buyers Club stand outside the Johnson Street location protesting a police raid. (Black Press Media file photo)

Landlord terminating Victoria cannabis compassion club lease following pressure from province

Owner Ted Smith says clients need them, club won’t go down without a fight

Members and supporters of the Victoria Cannabis Buyers Club stand outside the Johnson Street location protesting a police raid. (Black Press Media file photo)
People wear face masks as they wait to enter a store in a shopping mall in Montreal, Saturday, Nov. 21, 2020. THE CANADIAN PRESS/Graham Hughes

Statistics Canada says annual inflation rate climbs to 1% in January

The reading compared with a year-over-year increase of 0.7 per cent in December

People wear face masks as they wait to enter a store in a shopping mall in Montreal, Saturday, Nov. 21, 2020. THE CANADIAN PRESS/Graham Hughes
A person walks past shelves of bottles of alcohol on display at an LCBO in Ottawa on March 19, 2020. THE CANADIAN PRESS/Adrian Wyld

7-Eleven Canada working on in-store ‘consumption areas’ for beer and wine

Alcohol and Gaming Commission of Ontario is still reviewing its liquor sales licence applications

A person walks past shelves of bottles of alcohol on display at an LCBO in Ottawa on March 19, 2020. THE CANADIAN PRESS/Adrian Wyld
The Bitcoin logo appears on the display screen of a crypto currency ATM at the Smoker’s Choice store, Tuesday, Feb. 9, 2021, in Salem, N.H. The price of Bitcoin has soared over the past months. (AP Photo/Charles Krupa)

Cost of a single Bitcoin exceeds $50,000 for first time

Price up almost 200% in the last 3 months, Tesla plans to buy $1.5-billion in the cryptocurrency

The Bitcoin logo appears on the display screen of a crypto currency ATM at the Smoker’s Choice store, Tuesday, Feb. 9, 2021, in Salem, N.H. The price of Bitcoin has soared over the past months. (AP Photo/Charles Krupa)
Vancouver Island University is one of the post-secondary institutions in B.C. expecting operating deficits this year and next year. (Nanaimo Bulletin)

B.C. colleges, universities allowed to run COVID-19 deficits

Falling revenue, rising costs mean red ink for 20 institutions

Vancouver Island University is one of the post-secondary institutions in B.C. expecting operating deficits this year and next year. (Nanaimo Bulletin)
Pluto’s restaurant has been in place at 1150 Cook St. for 33 years, but will soon be moving out. (Facebook/ Pluto’s )

Longtime Victoria diner, Pluto’s, relocating to Quadra Village

Condo building proposed to take over Cook Street location

Pluto’s restaurant has been in place at 1150 Cook St. for 33 years, but will soon be moving out. (Facebook/ Pluto’s )
In this Dec. 18, 2020 photo, pipes to be used for the Keystone XL pipeline are stored in a field near Dorchester, Neb. THE CANADIAN PRESS/AP-Chris Machian

‘Keystone is dead’: former senior Obama adviser

It’s time for Canada to get over the demise of the Keystone XL pipeline expansion

In this Dec. 18, 2020 photo, pipes to be used for the Keystone XL pipeline are stored in a field near Dorchester, Neb. THE CANADIAN PRESS/AP-Chris Machian
The Cowichan Valley will need an additional 5,000 housing units by 2025 to keep up with demand, according to a new report. (File photo)

Cowichan simply doesn’t have enough homes for growing population

5,000 new housing units needed by 2025 according to CVRD report

The Cowichan Valley will need an additional 5,000 housing units by 2025 to keep up with demand, according to a new report. (File photo)