National

Foreign investment drives growth in BC

Darpan News Desk The Canadian Press, 14 Nov, 2024 12:40 PM

Invest Vancouver — Metro Vancouver's regional economic development service — has released a new report that it says shows "how foreign direct investment is a powerful driver of employment and economic growth in B-C."

The report says in 2022 that foreign multinational enterprises employed more than 349-thousand people in B-C, which marked a 46.3 per cent increase when compared to 2016.

It says the largest driver of employment by sector for foreign enterprises in the province is the professional, scientific and technical services, which increased by more than 190 per cent from 2016 to 2022.

Mike Hurley, chair of the Metro Vancouver Board, says in a news release that foreign investment spurs local business activity, expands job markets, broadens the tax back and "directly supports" employment and G-D-P growth.

Prev Next

MORE National ARTICLES

Langley RCMP officer hit by vehicle

Police in Langley say one of their officers has been taken to hospital after being struck by a vehicle whose driver fled the scene. RCMP say an officer was conducting traffic enforcement when the crash occurred on Friday.

Langley RCMP officer hit by vehicle

Stabbings at a Surrey party overnight

Police in Surrey are appealing for information after stabbings at a party overnight. Surrey R-C-M-P say officers responded to a report of a stabbing at a "large" party on Loughren Drive, a residential area near the Port Mann Bridge, at about 12:30 a-m.

Stabbings at a Surrey party overnight

Scams targeting Chinese community in Vancouver result in millions lost, police say

Police in Vancouver are warning about three scams that are targeting the Chinese community after victims reported losing nearly $6 million this year. They are investigating 26 files since Jan. 1, but investigators believe there are more victims who haven't come forward.

Scams targeting Chinese community in Vancouver result in millions lost, police say

Body of missing hiker found after three-day search in western Alberta

Mounties say the body of a hiker has been found after a three-day search in western Alberta. They say the death isn't believed to be criminal.

Body of missing hiker found after three-day search in western Alberta

Wildfires tick up with lightning in forecast for B.C.'s southern Interior

The number of active wildfires in British Columbia is increasing after holding below 350 for days as officials warn of lightning in the forecast. There are just under 360 active blazes in B.C., including 25 sparked since Thursday as many areas in the southern part of the province bake under hot and dry conditions.

Wildfires tick up with lightning in forecast for B.C.'s southern Interior

Poilievre calls for tariffs on Chinese EVs, Liberals imply they're already coming

Poilievre made his announcement in front of a few dozen workers at the Stelco steel plant in Hamilton, with steel being one of the products he says China is trying to undermine in Canada. Poilievre said the Chinese government is "exploiting weak labour and environmental standards to produce artificially cheap steel, aluminum and EVs that create more pollution."