The Surrey Board of Trade (SBOT) is calling on the Provincial Government to lift its moratorium on uranium and thorium exploration, aligning with BC’s latest push to expand renewable energy infrastructure.“The BC Government’s commitment to accelerating renewable energy projects is a step in the right direction,” said Jasroop Gosal, Interim Spokesperson and Policy &…
Categorized Under Finance and Tax
The Surrey Board of Trade is cautiously optimistic that US President Trump has decided to pause the implementation of 25% tariffs across the board and 10% tariffs on energy. While this does provide some reprieve, we still need to stand ready if and when tariffs are implemented.Canada has committed to implementing a $1.3 billion…
The Surrey Board of Trade is deeply disappointed in the United States’ announcement that 25% tariffs on Canadian imports and 10% tariff on energy will take effect on Tuesday, February 4. The President has decided to not only tarnish the historic and deeply interconnected relationship that Canada and the United States have had, but to…
The Surrey Board of Trade (SBOT) is deeply concerned about the potential economic consequences of a US-imposed 25% tariff on all Canadian imports. The preliminary assessment by the BC Ministry of Finance outlines alarming projections, including a cumulative $69 billion loss in economic activity, significant declines in corporate profits, and over 124,000 job losses by…
The Surrey Board of Trade welcomes the measures in the 2024 Fall Economic Statement aimed at spurring innovation and investment. However, concerns remain about Canada’s economic competitiveness and the lack of measures to address the growing federal deficit, which risks long-term economic stability.“Surrey businesses are feeling the pressure of an underperforming economy and a…
The Surrey Board of Trade (SBOT) supports the Federal Government’s actions to end the strike by 55,000 Canada Post workers. Prolonged postal disruptions are hurting Surrey’s businesses, particularly small and medium-sized enterprises, which rely on timely deliveries and payments to stay competitive.“This strike has caused major challenges for Surrey’s businesses and non-profits that rely…
The Surrey Board of Trade’s December 2024 Labour Market Intelligence Report has been released, outlining Surrey’s labour market outlook for November 2024. This month’s report includes a special snapshot on Surrey’s labour force trends from 2011 through 2024.As of November 2024, the growth in employment by broad occupational category in Surrey since November 2023…
The Surrey Board of Trade applauds the Provincial Government’s enhanced tax incentives for British Columbia’s film and TV sector, designed to attract major productions and retain thousands of skilled, high-paying jobs.“These increased incentives solidify BC’s position as a global leader in the creative industries,” said Jasroop Gosal, Interim Spokesperson and Policy & Research Manager…
This year, Black Friday retail spending surged by 29% compared to the previous week and 11% over 2023. Cyber Monday spending followed suit, up 13% week-over-week and 10% year-over-year. These figures reflect a notable recovery from last year’s flat year-over-year performance.“Consumers are clearly taking advantage of major sales events to stretch their dollars further…
The Surrey Board of Trade is calling for urgent government action to address the escalating issue of copper theft, which is causing significant disruptions to telecommunications services, businesses, and public safety across Canada.“Copper theft is more than an economic crime; it is a public safety crisis,” said Jasroop Gosal, Interim Spokesperson for the Surrey…
