Business

B.C. Premier David Eby at the Crofton mill announcement, backed by Minister of Jobs, Economic Development and Innovation Brenda Bailey. (Photo by Don Bodger)

$68.8M to retool B.C. mill to produce wood-based single-use plastic replacements

Government, Paper Excellence investments putting 100 workers back to work in Crofton

B.C. Premier David Eby at the Crofton mill announcement, backed by Minister of Jobs, Economic Development and Innovation Brenda Bailey. (Photo by Don Bodger)
FILE - Tesla CEO Elon Musk speaks at the “Cyber Rodeo” grand opening celebration for the new $1.1 billion Tesla Giga Texas manufacturing facility in Austin, Texas, on April 7, 2022. Musk claimed in an August 7, 2018 tweet that he had lined up the financing to pay for a $72 billion buyout of Tesla, which he then amplified with a follow-up statement that made a deal seem imminent. But the buyout never materialized and now Musk will have to explain his actions under oath in a federal court in San Francisco on Tuesday, Jan. 17, 2023. (Jay Janner/Austin American-Statesman via AP, File)

VIDEO: Elon Musk depicted as liar, visionary in Tesla tweet trial

Shareholders suing Musk for misleading tweets that bumped up stock price, then made it plummet

FILE - Tesla CEO Elon Musk speaks at the “Cyber Rodeo” grand opening celebration for the new $1.1 billion Tesla Giga Texas manufacturing facility in Austin, Texas, on April 7, 2022. Musk claimed in an August 7, 2018 tweet that he had lined up the financing to pay for a $72 billion buyout of Tesla, which he then amplified with a follow-up statement that made a deal seem imminent. But the buyout never materialized and now Musk will have to explain his actions under oath in a federal court in San Francisco on Tuesday, Jan. 17, 2023. (Jay Janner/Austin American-Statesman via AP, File)
Liz Barrett had hoped to return to her electrician apprenticeship after a year of maternity leave. Now her kids are nearly two years-old, but she can’t go back to work due to the lack of childcare spaces. (Courtesy of Liz Barrett)

Child care, benefits, stigma among barriers fuelling labour shortages in B.C. trades

Canada will face a shortage of at least 10,000 workers in every recognized trade in the next 5 years

Liz Barrett had hoped to return to her electrician apprenticeship after a year of maternity leave. Now her kids are nearly two years-old, but she can’t go back to work due to the lack of childcare spaces. (Courtesy of Liz Barrett)
A Toronto family’s home was sold without their knowledge while they were out of the city. Now the Better Business Bureau is offering tips to residents of B.C. (Graeme Roy/THE CANADIAN PRESS)

How to avoid scammers from selling your home from underneath you

After two home title fraud scams in Toronto, the Better Business Bureau offers tips to avoid this scam

A Toronto family’s home was sold without their knowledge while they were out of the city. Now the Better Business Bureau is offering tips to residents of B.C. (Graeme Roy/THE CANADIAN PRESS)
A Zellers pop-up store inside the Hudson’s Bay store at the Burlington Centre in Burlington,Ont. is shown in a July, 2021 handout photo. Hudson’s Bay Company unveiled Wednesday a list of the first 25 Zellers locations to be opened inside select Hudson’s Bay department stores across Canada. THE CANADIAN PRESS/HO-Hudson’s Bay Co.

Hudson’s Bay Company unveils 25 Zellers locations to open inside select stores

B.C. to get 4, a decade after the discount chain closed most of its stores in Canada

A Zellers pop-up store inside the Hudson’s Bay store at the Burlington Centre in Burlington,Ont. is shown in a July, 2021 handout photo. Hudson’s Bay Company unveiled Wednesday a list of the first 25 Zellers locations to be opened inside select Hudson’s Bay department stores across Canada. THE CANADIAN PRESS/HO-Hudson’s Bay Co.
People make their way around the Rideau Center shopping centre on Boxing Day in Ottawa, on Monday, Dec. 26, 2022. Statistics Canada will release its inflation report for December this morning. The federal agency’s consumer price index report will provide insight on how quickly prices rose last month as Canada continues to struggle with decades-high inflation.THE CANADIAN PRESS/Spencer Colby

Despite inflation slowing in December, Bank of Canada still expected to hike rates

Inflation rate peaked in the summer at 8.1 per cent and has been slowly decelerating since

People make their way around the Rideau Center shopping centre on Boxing Day in Ottawa, on Monday, Dec. 26, 2022. Statistics Canada will release its inflation report for December this morning. The federal agency’s consumer price index report will provide insight on how quickly prices rose last month as Canada continues to struggle with decades-high inflation.THE CANADIAN PRESS/Spencer Colby
Nicolas Jimenez. (Black Press Media file photo)

ICBC CEO Nicolas Jimenez to take on top role at BC Ferries

Jimenez spent close to 20 years with the insurance corporation

Nicolas Jimenez. (Black Press Media file photo)
The Bank of Canada is shown in Ottawa on Tuesday, July 12, 2022. The Bank of Canada will release its business outlook and consumer expectations surveys this morning.THE CANADIAN PRESS/Sean Kilpatrick
The Bank of Canada is shown in Ottawa on Tuesday, July 12, 2022. The Bank of Canada will release its business outlook and consumer expectations surveys this morning.THE CANADIAN PRESS/Sean Kilpatrick
An analyst says inflation is eroding household budgets at the same time overleveraged Canadians face sharply rising borrowing costs. (Black Press file)

Debt worries rise amid higher interest rates and persistent inflation: MNP report

Bankruptcy firm’s quarterly consumer debt index at an all-time low of 77 points

An analyst says inflation is eroding household budgets at the same time overleveraged Canadians face sharply rising borrowing costs. (Black Press file)
FILE - Tesla and SpaceX Chief Executive Officer Elon Musk speaks at the SATELLITE Conference and Exhibition in Washington. A federal judge on Friday, Jan. 13 2023 rejected Tesla CEO Elon Musk’s bid to move or delay a trial over a misleading tweet about a potential buyout of the electric automaker, setting the stage for the mercurial billionaire to be thrust into a legal drama amid the turmoil of his Twitter takeover. (AP Photo/Susan Walsh, File)

Elon Musk’s next drama: a trial over his tweets about Tesla buyout

Trial may hinge on jury’s interpretation of motive for tweets a judge already decided were false

FILE - Tesla and SpaceX Chief Executive Officer Elon Musk speaks at the SATELLITE Conference and Exhibition in Washington. A federal judge on Friday, Jan. 13 2023 rejected Tesla CEO Elon Musk’s bid to move or delay a trial over a misleading tweet about a potential buyout of the electric automaker, setting the stage for the mercurial billionaire to be thrust into a legal drama amid the turmoil of his Twitter takeover. (AP Photo/Susan Walsh, File)
Langley’s top politicians - representatives at the federal, provincial, and municipal levels. (Special to Langley Advance Times)

Top Langley politicians address businesses

Greater Langley Chamber of Commerce returns with its leadership panel dinner on Tuesday

Langley’s top politicians - representatives at the federal, provincial, and municipal levels. (Special to Langley Advance Times)
(The Canadian Press)

Stores launch Lunar New Year sales during typically slow shopping season

Western retailers grasping onto holiday as means to make money

(The Canadian Press)
Commuters wait to take the subway at Ossington Station in Toronto on Friday, June 22, 2018. THE CANADIAN PRESS/ Tijana Martin

Public transit struggling to lure back riders amid deficits, rising costs of living

Many transit systems hiking fares in attempt to cover their own pandemic losses

Commuters wait to take the subway at Ossington Station in Toronto on Friday, June 22, 2018. THE CANADIAN PRESS/ Tijana Martin
The Office of the Superintendent of Financial Institutions is considering strengthening Canada’s mortgage stress test. (The Canadian Press)

Banking regulator launches consultations on mortgage rules, proposes additions

Possible changes to existing stress test would aim to reduce overstretched borrowers

The Office of the Superintendent of Financial Institutions is considering strengthening Canada’s mortgage stress test. (The Canadian Press)
Softwood lumber is pictured in Richmond, B.C., Tuesday, April 25, 2017. An estimated 300 jobs in British Columbia will likely be gone by the end of the year as Canfor Pulp Products closes the pulp line at its Prince George pulp and paper mill. THE CANADIAN PRESS/Jonathan Hayward

Hundreds of jobs affected as Canfor announces pulp line closure at B.C. mill

Vancouver-based company blames a lack of fibre for its pulp operations

Softwood lumber is pictured in Richmond, B.C., Tuesday, April 25, 2017. An estimated 300 jobs in British Columbia will likely be gone by the end of the year as Canfor Pulp Products closes the pulp line at its Prince George pulp and paper mill. THE CANADIAN PRESS/Jonathan Hayward
Minister of Transport Omar Alghabra rises during Question Period in the House of Commons on Parliament Hill in Ottawa on Thursday, Dec. 1, 2022. THE CANADIAN PRESS/Justin Tang

Force airlines to automatically compensate travellers, passengers’ advocate says

MPs to begin an emergency study of the chaos across Canada’s airports over the holidays

Minister of Transport Omar Alghabra rises during Question Period in the House of Commons on Parliament Hill in Ottawa on Thursday, Dec. 1, 2022. THE CANADIAN PRESS/Justin Tang
Ascalon Academy has started swordsmanship classes in Kelowna and Penticton for 2023. (Brittany Webster/Capital News)

VIDEO: En garde! Fight like medieval men with Ascalon Academy in the Okanagan

Black Press reporter Brittany Webster attended a class learning the Italian rapier sword

Ascalon Academy has started swordsmanship classes in Kelowna and Penticton for 2023. (Brittany Webster/Capital News)
The Via Rail station is seen in Halifax on June 13, 2013. Martin Landry, CEO of the railway, says in a statement that beyond not having met the expectations of customers, Via Rail has not lived up to its own standards.THE CANADIAN PRESS/Andrew Vaughan

Via Rail apologizes for holiday travel disruptions, communication failures

Company offering refunds and travel credits after delays and cancellations

The Via Rail station is seen in Halifax on June 13, 2013. Martin Landry, CEO of the railway, says in a statement that beyond not having met the expectations of customers, Via Rail has not lived up to its own standards.THE CANADIAN PRESS/Andrew Vaughan
FILE - Container cranes at a port in New Jersey appear behind the Statue of Liberty, Sunday, Nov. 20, 2022, in New York. The global economy will come “perilously close” to a recession this year, led by weaker growth in all the world’s top economies — the United States, Europe and China — the World Bank warned Tuesday.(AP Photo/Julia Nikhinson, File)

World Bank warning: Global economy is at risk of recession

Development funding institution forecasts third-weakest annual expansion in 30 years

FILE - Container cranes at a port in New Jersey appear behind the Statue of Liberty, Sunday, Nov. 20, 2022, in New York. The global economy will come “perilously close” to a recession this year, led by weaker growth in all the world’s top economies — the United States, Europe and China — the World Bank warned Tuesday.(AP Photo/Julia Nikhinson, File)
This is the sign on a Lululemon store in Pittsburgh on Wednesday, Jan. 12, 2022. Lululemon Athletica Inc. raised its revenue guidance for its fourth quarter, but lowered its expectations for its gross margins. THE CANADIAN PRESS/AP-Gene J. Puskar

Lululemon raises revenue guidance, but lowers expectations for gross margins

Company projects net revenue for the quarter will be in a range of US$2.66 billion to US$2.7 billion

This is the sign on a Lululemon store in Pittsburgh on Wednesday, Jan. 12, 2022. Lululemon Athletica Inc. raised its revenue guidance for its fourth quarter, but lowered its expectations for its gross margins. THE CANADIAN PRESS/AP-Gene J. Puskar
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