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

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)
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)
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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
New South Surrey-developed app makes connecting to entertainment and service providers much easier for seniors. (file photo)

South Surrey residents’ user-friendly app makes connectivity easier for seniors

Stayhome–Living simplifies accessing a wide range of entertainment and services

New South Surrey-developed app makes connecting to entertainment and service providers much easier for seniors. (file photo)
A new reports finds that the number of active businesses in British Columbia had dropped by 5.1 per cent in October 2020 compared to 2019. (THE CANADIAN PRESS/Adrian Wyld)

New report finds COVID-19 pandemic cut B.C.’s hospitality jobs in half

Some 14,000 businesses closed during height of pandemic

A new reports finds that the number of active businesses in British Columbia had dropped by 5.1 per cent in October 2020 compared to 2019. (THE CANADIAN PRESS/Adrian Wyld)
After a series of construction setbacks, a move by Adrian’s at the Airport restaurant into new premises is finally about to happen, owner Demetre Exarhopoulus said. He was on the second-floor outdoor patio of the new restaurant, overlooking the old Adrian’s which was being demolished on Wednesday, Feb. 17 (Dan Ferguson/Langley Advance Times)

Adrian’s at the Airport owner says the new Langley premises are just a few weeks from opening

Demetre Exarhopoulos said only a few ‘small things’ need to be done, then inspectors have to approve

After a series of construction setbacks, a move by Adrian’s at the Airport restaurant into new premises is finally about to happen, owner Demetre Exarhopoulus said. He was on the second-floor outdoor patio of the new restaurant, overlooking the old Adrian’s which was being demolished on Wednesday, Feb. 17 (Dan Ferguson/Langley Advance Times)
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
Otter Co-op liquor store in Aldergrove. (Aldergrove Star files)

Otter Co-op set to acquire Liquor Depot, Liquor Barn and Wine Cellar stores

Transaction is expected to close on March 31, and could bring an additional $85 million in sales

Otter Co-op liquor store in Aldergrove. (Aldergrove Star files)
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)
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
Greater Langley Chamber of Commerce’s virtual dinner meeting, on Tuesday, Feb. 16 at 4:30 p.m., will include presentations from Langley East MLA Megan Dykeman and Langley MLA Andrew Mercier. (File)
Greater Langley Chamber of Commerce’s virtual dinner meeting, on Tuesday, Feb. 16 at 4:30 p.m., will include presentations from Langley East MLA Megan Dykeman and Langley MLA Andrew Mercier. (File)
Frank Bucholtz, a Greater Langley Chamber of Commerce director, with one of the electronic signs that are part of the Gateway transportation project. The chamber has lobbied on transit issues for years. (Matthew Claxton/Langley Advance Times)

Langley chamber advocates for business from Langley to Ottawa

Roads, cannabis, tourism, and taxes are all on the Chamber’s radar

Frank Bucholtz, a Greater Langley Chamber of Commerce director, with one of the electronic signs that are part of the Gateway transportation project. The chamber has lobbied on transit issues for years. (Matthew Claxton/Langley Advance Times)
Widening of the Trans-Canada Highway from 216th to 264th Streets is a “sticking point” for Greater Langley Chamber of Commerce vice-president Ken Dennis. (Ryan Uytdewilligen/Black Press Media)

Highway 1 expansion remains a ‘sticking point’ for Langley chamber

SkyTrain expansion and transit to Gloucester are also at the forefront

Widening of the Trans-Canada Highway from 216th to 264th Streets is a “sticking point” for Greater Langley Chamber of Commerce vice-president Ken Dennis. (Ryan Uytdewilligen/Black Press Media)
Brad Kiendl, president of the Greater Langley Chamber of Commerce. (Matthew Claxton/Langley Advance Times)

Chamber aims to aid local business with info, shop local campaigns

Keeping up the connection between local shoppers and businesses has been key

Brad Kiendl, president of the Greater Langley Chamber of Commerce. (Matthew Claxton/Langley Advance Times)