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

B.C. judge halts the medically assisted death of Alberta woman

A British Columbia judge has granted an injunction stopping a woman's medically assisted death, the day before it was scheduled to take place in Vancouver. The injunction granted on Saturday to the woman's common-law partner prevents Dr. Ellen Wiebe or any other medical professional from helping end the life of the 53-year-old Alberta woman within 30 days.

B.C. judge halts the medically assisted death of Alberta woman

Drug-trafficking investigation leads to charges against 19 people in northern B.C.

Federal prosecutors have approved charges against 19 people, eight of them still at large, after an investigation into what police call a violent drug trafficking network in northeastern British Columbia. A statement from B.C.'s Combined Special Forces Enforcement Unit says two of the 11 people who were arrested remain in custody, while the others have been released with conditions as they move through the judicial process.

Drug-trafficking investigation leads to charges against 19 people in northern B.C.

Seizure of cannabis outside prison

Canada's Correctional Service says officials recently seized 70-thousand-dollars' worth of cannabis from outside a federal prison in B-C's Fraser Valley. The service says it happened last Thursday along the perimeter of the medium-security Mountain Institution outside Agassiz, northeast of Chilliwack.

Seizure of cannabis outside prison

B.C. NDP must 'adapt,' 'build bridges,' says Surrey MLA now nicknamed 'Comeback Kid'

Garry Begg's slim win over the B.C. Conservative candidate in Surrey-Guildford is still subject to a judicial recount, but for now his win gives the NDP the 47 seats needed to form a majority government in British Columbia's 93-seat legislature.

B.C. NDP must 'adapt,' 'build bridges,' says Surrey MLA now nicknamed 'Comeback Kid'

More than a quarter of Canadians will spend at least 100 bones on Halloween: poll

A new poll suggests more than a quarter of Canadians will spend $100 or more on Halloween, with roughly 70 per cent of respondents saying they'll fork over as much money as they did last year on candy and costumes. That's according to polling firm Leger, which surveyed 1,520 adults this month on their Halloween habits.

More than a quarter of Canadians will spend at least 100 bones on Halloween: poll

Recounts rarely alter elections. There's another reason they matter, says B.C. expert

Premier David Eby's NDP claimed victory on Monday in B.C.'s Oct. 19 election, but the counting isn't over. Two judicial recounts were triggered at the end of the "final count," by an NDP candidate's 27-vote victory margin in Surrey-Guildford, and a Conservative candidate's 38-vote win in Kelowna Centre.