Mortgage financing reform needed to avoid another crisis: report
In a report released today by the Canadian Centre for Policy Alternatives (CCPA), two prominent economists propose changes to U.S. and Canadian mortgage finance polices to prevent a future financial crisis. The report is authored by Doug Peters, former Secretary of State (Finance) and former TD Bank Chief Economist, and economic consultant Arthur Donner. […]
New community currency — what will it look like?
In what amounts to, literally, a license to print money, a group of local economy advocates are about to launch a regional currency that will be in circulation throughout the Columbia Basin early next year. It’s true: as early as next February, Columbia Community Dollars will be tradable online and in circulation as paper money […]
Moderate economic growth ahead for BC
B.C.’s economy is expected grow moderately over the next year according to B.C.’s independent Economic Forecast Council. “B.C.’s economy has performed better than expected this year,” said Finance Minister Colin Hansen. “Given ongoing instability in U.S. and European markets, the council agrees it is essential B.C. continue to exercise prudence as we move forward in […]
Tri-city mayors/Chambers of Commerce seek economic development synergy
Riding the high of a successful tri-city bid to host the 2011 B.C. Senior Olympic Games, the tri-city mayors and Chambers of Commerce met last week to discuss further economic development in the region. Castlegar Mayor Lawrence Chernoff, along with Trail Mayor Dieter Bogs and Nelson Mayor John Dooley, met with Chamber of Commerce representatives […]
Whitewater set to open, preps for development at base of hill
By Timothy Schafer, The Nelson Daily With the weekend opening of the Whitewater Ski Resort season one day away, an opening of another sort on the mountain is still gestating, says the hills’ general manager. Brian Cusack said the master plan — finalized and adopted by Ministry of Tourism, Culture and the Arts in the […]
High costs driving city's workforce outside of Nelson: report
By Timothy Schafer, The Nelson Daily The cost of living in Nelson is so high that more than half of the city’s workforce comes from outside of the municipal limits, according to the final Business Retention and Expansion report released Friday. Prepared and researched by Mike Stolte for the Nelson and Area Economic Development Partnership […]
Jersey Emerald Mine could create 90 jobs: consultant
By Timothy Schafer, The Nelson Daily At least 90 jobs and $7 million annually in salaries will be injected into the region if the Jersey Emerald mine south of Salmo gets off the ground, the consultant for the tungsten mining project said Thursday. Ed Lawrence told the Regional District of Central Kootenay board of directors...
Castlegar wins Supreme Court case over City Centre Motel
The Supreme Court of B.C. has found in favour of the City of Castlegar after owners of the City Centre Motel downtown requested a judicial review of city council’s decision to order the structure demolished. In the judgment, rendered Nov. 19, the Honourable Madam Justice Lynn Smith said, “I do not find the City to […]
Check out the newest buzz in Nelson this Friday
By Brooke Campbell Banish the dark, cold evenings of November and bring a little light and laughter into your life — and you might even win a prize. Located at 182 Baker Street, The Studio is the city’s newest fitness spot to help you drop your daily cares and do the lovin’ thing for your […]
BC Hydro purchases clean power from green energy project
The Nelson Daily staff Cancel one contract, pick up another. With BC Hydro canceling the Glacier/Howser contract with AXOR on Friday, they announced they were purchasing clean electricity from the Zellstoff Celgar’s green energy project. The BC Hydro power grid will receive an infusion from the new 48-megawatt condensing turbine as a result of a series of […]
