Business

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De Havilland Canada reaches $2.5B financing deal to double waterbomber production

Business John White -
De Havilland Canada has reached an agreement with the federal government and Export Development Canada (EDC) for up to $2.5 billion in financing to double production capacity for its Canadair 515 waterbombers.

Ottawa designates Roberts Bank Terminal 2 expansion a project of national interest

Economy Emily Joveski -
The federal government has listed the Roberts Bank Terminal 2 expansion at the Port of Vancouver as a project of national interest.

Prices see little movement as Vancouver Island real estate turns to buyers’ market

Real Estate My Comox Valley Now -
The Vancouver Island Real Estate Board recorded 13 per cent fewer home sales in September than a year earlier, while benchmark prices remained relatively stable.

B.C. loses more than 20,000 jobs in September as unemployment rate stays steady

Economy Emily Joveski -
British Columbia lost more than 20,000 jobs in September, sparking a political clash over the province’s economic direction.

LNG Canada approves more than $30B Phase 2 expansion in Kitimat

Business Emily Joveski -
LNG Canada is moving ahead with a $33-billion Phase 2 expansion in Kitimat, doubling the facility’s LNG production capacity.

B.C. pauses planned expansion of PST to professional services

Business Emily Joveski -
B.C. is delaying its planned PST expansion to professional services amid ongoing uncertainty from the Canada-U.S. trade war.

Harbour Air to acquire Pacific Coastal Airlines

Tourism Wylie Henderson -
Harbour Air has announced it is buying Pacific Coastal Airlines in a deal that will create a new regional airline group while keeping both airlines operating independently.

Fiscal update shows B.C. deficit climbing to $13.8B, despite revenue boost

Economy Emily Joveski -
Budget 2026 projected a deficit of $13.3 billion in February, but the Ministry of Finance said Monday it now expects a deficit of nearly $13.8 billion.

Forestry groups say B.C. needs urgent action to revive the sector

Economy Emily Joveski -
B.C. forestry groups say the sector has reached a breaking point and are urging the province to take immediate action to protect mills, jobs and access to timber.

B.C. lost 26,000 full-time jobs while gaining 20,600 part-time jobs

Economy Kate Brown -
B.C. lost 5,500 jobs in August as the unemployment rate rose to 6.5 per cent, with full-time employment falling by 26,000 positions.

Active listings up, sales down according to latest real estate board report

Real Estate My Comox Valley Now -
The Vancouver Island Real Estate Board recorded 651 sales in August, down four per cent from the same month last year.
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