The Surrey Board of Trade is closely monitoring the implications of Donald Trump’s inauguration as US President, particularly in light of renewed rhetoric around protectionist policies and tariffs. Recognizing the potential challenges this could pose to Surrey’s economy, BC’s industries, and Canada’s broader trade relationships, the SBOT is launching a follow-up survey to gather critical…
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…
Surrey, BC – The Surrey Board of Trade (SBOT), representing over 3,000 businesses, strongly supports the City of Surrey’s South Campbell Heights Local Area Plan and the associated Zoning By-law Amendment.The plan is critical for addressing the industrial land shortage that has constrained business growth and investment in Surrey and across the Metro Vancouver…
The Surrey Board of Trade is acknowledging the news that Prime Minister Justin Trudeau has announced his decision to step down as Leader of the Liberal Party of Canada and Prime Minister of Canada, once a successor is selected."We respect the decision made by Prime Minister Trudeau and appreciate his service to our country,"…
The Surrey Board of Trade has released its Federal Housing Initiatives Survey Results report providing comments in response to the consultation on confronting the financialization of housing. Following the Federal Government’s recent announcements of new actions designed to lower the cost of housing, SBOT sought to ensure that the business community’s perspective is considered in…
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…
