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BoC officials split on when to start cutting interest rates, summary shows
2h ago
OTTAWA - The Bank of Canada is offering more details today about its discussions on rate cut timing. The central bank released its summary of deliberations, which detailed the governing council's discussions during its most recent decision. The bank held its key rate steady at five per cent but members of the governin...
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CONCENTRATED HOUSING
Single-family builds down in Nanaimo while denser housing units increase
7h ago
NANAIMO - Housing projects continue to be at the forefront of construction plans in Nanaimo, despite rising construction costs. The 2023 development and housing overview was presented during the Monday, April 22 Nanaimo council meeting, showing construction of multi-family homes far outpacing other housing developments...
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HOUSING TARGETS
Nanaimo named in new group of communities for provincial housing targets
19h ago
NANAIMO - More houses are on the way for Nanaimo within the next five years.As part of the Housing Supply Act, the B.C. government has identified the next 20 priority municipalities they will work with to meet housing targets, now including Nanaimo, North Cowichan, and North Saanich.Housing Minister Ravi Kahlon said in...
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B.C. government to set out housing targets for 20 more communities
21h ago
VICTORIA - The British Columbia government has named another 20 cities and towns as priority communities for housing targets over the next five years. The government says in a statement the communities are in high-growth, high-need regions of B.C. Housing Minister Ravi Kahlon says the goal is to complement work those...
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West Fraser Timber earns US$35 million in first quarter, up from loss last year
21h ago
VANCOUVER - West Fraser Timber Co. says it earned US$35 million in its first quarter, up from a loss of US$42 million a year earlier. Earnings per diluted share were 42 cents US, compared with a loss of 52 cents during the same quarter last year. The Vancouver-based company says sales totalled US$1.63 billion, unchange...
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unprovoked attack
Vulnerable man blasted with bear spray in quiet Nanaimo neighbourhood
21h ago
NANAIMO - A man with diversabilities is afraid of going for walks alone after being victimized by an apparent unprovoked, senseless attack. On Thursday, April 18 just before 8:30 p.m., the 54-year-old man was walking home on Big Bear Ridge in the Brannen Lake area with his dog after visiting his mother's home nearby. S...
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B.C. government sets November date for Surrey police transition
22h ago
VANCOUVER - British Columbia's government has set Nov. 29 as the date when the Surrey Police Service will take over from the RCMP as the city's force of jurisdiction. Solicitor General Mike Farnworth says Surrey RCMP will continue to operate and provide support after the official transition, although the Mounties will ...
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Ombudsperson calls B.C.'s handling of youth confinement an embarrassment
23h ago
VANCOUVER - B.C.'s ombudsperson says the Ministry of Children and Family Development should be embarrassed by its neglect toward reducing the practice of isolating youth in custody. Jay Chalke says the ministry has failed to take action on a 2021 report by his office that called for "separate confinement" of...
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more housing
Nanaimo council endorses significant south end redevelopment
Apr 23, 2024
NANAIMO - Several underused properties are poised for a substantial bump in housing in Nanaimo's south end. City councillors approved the first three of four required readings to a project calling for more than 120 market rental housing units on Nicol at Needham streets, during a Monday, April 22 council meeting. The p...
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B.C. places online harms bill on hold after agreement with Meta, X, TikTok, Snapchat
Apr 23, 2024
VICTORIA - The British Columbia government is putting its proposed online harms legislation on hold after reaching an agreement with some of the largest social media platforms to make people safer online. Premier David Eby says in a joint statement with representatives of the firms Meta, TikTok, X and Snap that they w...
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