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Labour shortages cost small businesses $38 billion in lost sales last year: CFIB

Labour shortages cost small businesses $38 billion in lost sales last year: CFIB

TORONTO — Small businesses lost more than $38 billion in revenue opportunities last year because of labour shortages, according to estimates from the Canadian Federation of Independent Business.
Cutting-edge antibody therapy firm, AbCellera, to lay off 10 per cent of workforce

Cutting-edge antibody therapy firm, AbCellera, to lay off 10 per cent of workforce

VANCOUVER — The Vancouver-based company that helped develop the first antibody therapy treatment for COVID-19 has announced layoffs amounting to 10 per cent of its workforce. AbCellera Biologics Inc.
Three in four Canadians say higher immigration is worsening housing crisis: poll

Three in four Canadians say higher immigration is worsening housing crisis: poll

Nearly two-thirds of respondents said the volume of newcomers is also adding pressure to the country's education systems.
СÀ¶ÊÓÆµ growth forecast drops to one per cent for 2023, but deficit projection improves

СÀ¶ÊÓÆµ growth forecast drops to one per cent for 2023, but deficit projection improves

VICTORIA — Global financial pressures and Canada's inflation rate challenges are major contributing factors in a forecast of slower growth for British Columbia's economy. Finance Minister Katrine Conroy said Tuesday that СÀ¶ÊÓÆµ
Kelowna-West MLA urges government support for struggling wine industry

Kelowna-West MLA urges government support for struggling wine industry

Recent report indicates a $133M decrease in revenue
СÀ¶ÊÓÆµ holiday parties being scaled back this year due to impact of inflation, interest rates

СÀ¶ÊÓÆµ holiday parties being scaled back this year due to impact of inflation, interest rates

'A lot of people are being very conservative and reflective of how they’re spending money.'
Why widespread EV adoption in СÀ¶ÊÓÆµ will take time

Why widespread EV adoption in СÀ¶ÊÓÆµ will take time

Province's timeline for phasing out selling new gas-powered car could make available vehicles scarce, and hike prices
Metro Vancouver housing prices to increase as sales to drop in 2024, Re/Max predicts

Metro Vancouver housing prices to increase as sales to drop in 2024, Re/Max predicts

Meanwhile, economist forecasts no rate cuts coming until mid-2024
Market conditions could cap Vancouver's growth as a destination for events

Market conditions could cap Vancouver's growth as a destination for events

Inflation, higher travel costs and limited hotel capacity are among the factors influencing corporate event venue supply and demand
СÀ¶ÊÓÆµ, Canadian travellers stay close to home due to inflationary environment

СÀ¶ÊÓÆµ, Canadian travellers stay close to home due to inflationary environment

Domestic trips exceed pre-pandemic levels while flights overseas and to the U.S. have yet to catch up.
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