Another tough year ahead for oilpatch, but recovery is on its way
If Canada’s oil and gas sector can survive another tough year, good times will return in 2017 and revenue and profit could soar by 2020, according to the Conference Board of Canada. Profits are expected to increase from less than $1 billion in 2017 to more than $5...
Don’t expect Vancouver real estate to cool anytime soon: Central 1
The real estate market in Vancouver is going through the roof, and this is expected to continue through 2018, according to a Central 1 forecast released April 19. So far this year, Central 1 said, sales in Metro Vancouver alone have outperformed the credit union’s...
Sewell’s Marina tacks closer to Horseshoe Bay waterfront megaproject approval
The Sewell family believes they are close to receiving approval from the District of West Vancouver for a proposed mega-residential and commercial waterfront development on the Horseshoe Bay waterfront. Preliminary plans show 171 residential units to be spread...
Whistler Blackcomb announces ‘largest and most exciting’ investment in company’s history
Whistler Blackcomb Holdings Inc. has announced plans for what it calls its largest and most exciting investment in the company’s history: a $345-million investment that includes a new lift, an indoor ‘adventure centre’, a transformed village at the base of...
Vancouver’s Endeavour Mining starts construction on Burkina Faso gold mine
Vancouver’s Endeavour Mining (TSX:EDV) has commenced construction at its Hounde project in Burkina Faso, which is forecast to produce about 1.9 million ounces of gold over a 10-year mine life. Shares soared on the news and were trading 7.6% higher to $13.77 at 10:30...
Three B.C. First Nations buy provincial Jericho Lands for $480 million
Three British Columbia First Nations have signed a deal to acquire the provincial Jericho lands for $480 million, making them the owners and developers of arguably the most valuable real estate in the country. The agreement, which was reached April 8, involves...
B.C. had Canada’s fastest year-over-year job growth in March: StatsCan
According to Statistics Canada, British Columbia is the top performer in Canada with a 3.2% increase in employment rate in the 12 months to March. B.C. gained 72,000 jobs year-over-year in March, helped by an increase of 9,000 positions in the month, according to...
Canadian economy grows more than expected, dimming chances of rate cut
One month of strong economic growth shouldn’t be seen as a pattern of sustained recovery for 2016. But when followed by three straight months of gains at the end of last year, that might tell a different story. Canada’s gross domestic product grew by a nearly...
Commodity prices set for significant rebound in 2016
While commodity prices fell 0.3% in February and 25% year-over-year, the second half of the month saw the beginning of a price rally that is expected to continue throughout 2016, according to Scotiabank’s commodity price index released March 29. As China’s economy has...
Vroom!
Another successful Impact company event at the <b>TBC Indoor Racing</b> to test out our recruiters' driving skills! We are happy to report that no one was seriously injured, and we now have a better...
The five-year mining bear market is finally coming to an end?
Recent stock markets suggests an end to the mining bear market with the increase of gold and copper prices. “I think it is possible that the worst is over,” Scotiabank commodities analyst Patricia Mohr said. “It doesn’t mean that prices generally are going to move up...
Vancouver ranks number one in world luxury real-estate market
Vancouver's real estate has gained international attention and outranked Shanghai, San Francisco, and Monaco. Out of 100 international real-estate markets, Vancouver ranks number one in the global luxury retail market. U.K.–based consultants Frank Knight's The Wealth...