Surrey, BC – The Surrey Board of Trade (SBOT) is raising alarms about British Columbia’s 2023 GDP growth being disproportionately driven by government spending, according to the recently released GDP highlights report from the BC Government.“Economic growth anchored on government expenditure is not sustainable in the long term,” said Jasroop Gosal, Interim Spokesperson for…
Monthly archive for November 2024
US President-elect Donald Trump’s proposed 25% tariff on all imports from Canada threatens to disrupt the robust economic relationship between the two countries, with severe implications for Surrey’s business community. Surrey, home to the most manufacturers in BC and a significant number of import-export reliant companies, could see increased costs, reduced competitiveness, and potential job…
The Surrey Board of Trade welcomes the Government of Canada’s announcement of the Canadian Trade Gateway for Nuclear Development, a strategic initiative to bolster Canadian trade, investment, and job creation in the Indo-Pacific region. This forward-looking plan positions Canada as a leader in nuclear innovation while unlocking new economic opportunities for businesses nationwide."Canada’s nuclear…
The Surrey Board of Trade applauds the Government of Canada and the Government of Yukon for announcing funding initiatives to address Arctic security and infrastructure gaps, as detailed in their recent joint statement. This critical investment demonstrates a much-needed focus on Canada's Arctic, a region integral to national security and economic development."The Arctic is…
A BC delegation has arrived in Los Angeles to showcase the province’s thriving film and television sector, emphasizing the benefits of staging productions on Canada’s West Coast. This mission aims to strengthen BC’s reputation as a premier destination for global film and television projects and to attract high-profile productions that bolster local economies.“Surrey is…
Metro Vancouver is gaining momentum as a leading destination for foreign direct investment (FDI) in Canada, with strong employment growth across the region’s foreign multinational enterprises (FMEs). To harness this momentum, the Surrey Board of Trade calls on the Government of Canada to prioritize funding for the Metro Vancouver region, with Surrey poised to play…
SURREY BOARD OF TRADE PLEASED WITH CANADIAN GOVERNMENT INTERVENTION TO END PORT STRIKE, RESUME OPERATIONSAfter nearly two years of stalled negotiations between the British Columbia Maritime Employers Association (BCMEA) and the International Longshore and Warehouse Union, Ship and Dock Foreman, Local 514 (ILWU Local 514), the Canadian government has stepped in to resolve the…
On Thursday, November 7, the Surrey Board of Trade recognized eight winners at their 26th annual Surrey Business Excellence Awards, with Presenting Sponsors DP World Canada, TD Bank and the Vancouver Fraser Port Authority. Over 450 people were in attendance at the event with Master of Ceremonies Dan Burritt of CBC Vanocuver leading the…
The Surrey Board of Trade welcomes the Government of Canada’s decision to re-establish the Cabinet Committee on Canada-U.S. Relations, recognizing this as an essential step to addressing ongoing trade challenges and supporting Canadian businesses reliant on a strong and stable economic partnership with the United States. This decision is consistent with a Surrey Board of…
The Surrey Board of Trade welcomes the recent decision by Surrey Mayor and Council to approve eight cannabis businesses to operate 12 retail locations across the city. This development aligns with the SBOT’s commitment to fostering an inclusive, dynamic, and progressive business environment in Surrey."By enabling a regulated and responsible cannabis retail industry, Surrey…
