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Top business stories of the week (Jan. 23-27)

Top business stories of the week (Jan. 23-27)

Here are some of the top business stories of this past week
Western Forest Products' Port Alberni, sa¹ú¼Ê´«Ã½, mill closes as company seeks viable path

Western Forest Products' Port Alberni, sa¹ú¼Ê´«Ã½, mill closes as company seeks viable path

VANCOUVER — More than 100 workers in Port Alberni are the latest forest industry employees to face layoffs as Western Forest Products confirms it will not restart its sawmill in that Vancouver Island city.
Federal government posts $3.6 billion deficit between April and November

Federal government posts $3.6 billion deficit between April and November

OTTAWA — The federal government posted a budgetary deficit of $3.6 billion in the first eight months of the fiscal year. In its monthly fiscal monitor, the finance department says the deficit compares to a deficit of $73.
A 'housing bottleneck': Immigration targets exacerbate sa¹ú¼Ê´«Ã½'s housing crisis

A 'housing bottleneck': Immigration targets exacerbate sa¹ú¼Ê´«Ã½'s housing crisis

The province will have to find housing for the 20 per cent of newcomers it absorbs, on top of current needs.
sa¹ú¼Ê´«Ã½â€™s housing market nears ‘cyclical bottom': RBC

sa¹ú¼Ê´«Ã½â€™s housing market nears ‘cyclical bottom': RBC

Home resale activity is showing signs of stabilizing after dropping to low levels
Metro Vancouver’s rental vacancy rate drops as demand, prices soar: CMHC

Metro Vancouver’s rental vacancy rate drops as demand, prices soar: CMHC

The rate for purpose-built rentals in the region fell below one per cent last year, while the average asking rent for vacant units jumped 43 per cent year over year
Impersonators posing as homeowners linked to 32 fraud cases in Ontario and sa¹ú¼Ê´«Ã½

Impersonators posing as homeowners linked to 32 fraud cases in Ontario and sa¹ú¼Ê´«Ã½

Mortgage and title fraudsters who impersonate homeowners and tenants have targeted at least 32 properties in Ontario and British Columbia, investigators and official warnings suggest.
Canfor closure of Chetwynd mill 'a kick in the gut'

Canfor closure of Chetwynd mill 'a kick in the gut'

About 200 jobs are expected to be lost as sawmill and pellet operations closed in Chetwynd; close to 300 more with temporary mill closure in Houston
Pender Ventures raises $100M for second venture fund

Pender Ventures raises $100M for second venture fund

Firm found success investing in sa¹ú¼Ê´«Ã½ companies Copperleaf and Jane
Border agencies in sa¹ú¼Ê´«Ã½, U.S. detail how new Nexus trusted-traveller plan will work

Border agencies in sa¹ú¼Ê´«Ã½, U.S. detail how new Nexus trusted-traveller plan will work

WASHINGTON — sa¹ú¼Ê´«Ã½ and the United States are laying out the details of their new bilateral workaround for the Nexus trusted-traveller system. The biggest change, to take effect in the spring, will allow U.S.