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

''Tactical evacuations' as B.C. Interior wildfire grows: minister

British Columbia's minister for emergency management says "tactical evacuations" have been carried out in the Thompson-Nicola area of the province's Interior, where an out-of-control wildfire is threatening communities. Bowinn Ma told a news briefing in Kamloops that the Shetland Creek fire grew "quickly and considerably last night."

''Tactical evacuations' as B.C. Interior wildfire grows: minister

Door to door pranks in Surrey

Mounties in Surrey are investigating door-knock pranks after multiple residences were damaged. Police say a decades-old prank known as Nicky nicky nine doors, has devolved into cases of harassment and mischief as an ongoing frenzy of pranks takes place in the neighbourhoods of Newton and South Surrey.

Door to door pranks in Surrey

27 heat records broken for BC

Environment Canada says B-C broke or tied at least 27 daily heat records Wednesday. Lytton in the Fraser Canyon was the hottest spot in the province at 42 degrees, shattering the 2009 record of 35.3 degrees.

27 heat records broken for BC

Years after Insite ruling, drug policy landscape is still being shaped in B.C.

In 2021, the Vancouver-based Drug User Liberation Front approached Health Canada with a proposal. Health Canada rejected the application for exemption from drug laws, saying DULF's plan presented too many public health and safety risks — but the group went ahead with it anyway, saying it would save lives.

Years after Insite ruling, drug policy landscape is still being shaped in B.C.

Canada's premiers say Ottawa must meet NATO spending target to keep U.S.'s respect

At the closing news conference of the Council of the Federation meetings in Halifax, multiple premiers highlighted the importance of Canada's NATO commitment to spend at least two per cent of GDP on defence.

Canada's premiers say Ottawa must meet NATO spending target to keep U.S.'s respect

Western Canada sweats in renewed heat wave, rivergoers told to avoid cheap floaties

Henke said most of the 50 calls the department has responded to so far this month have been to rescue people stranded on the Bow River, because they didn’t have the appropriate gear to float. Henke said crews will increase their presence along the river to educate people on the types of tubes and rafts that float safely on the water.