B.C. continues Moody’s Aaa credit rating record

BCMoody’s Investors Service has confirmed British Columbia’s Aaa credit rating for the 12th year in a row, as well as a stable outlook, thanks in part to the Province’s track record of prudent fiscal planning and diversified economy leading to economic growth, Finance Minister Michael de Jong announced today.

“We have maintained a focus on prudent controlled spending while attracting investment, and diversifying our industries and export partners,” said de Jong. “The external economic situation remains uncertain, which means we must be vigilant and continue to put B.C. on solid economic footing to weather any downturns. The upcoming budget will continue on this path to bring opportunities that create jobs and continued economic growth that pays for health, education and social programs for British Columbians.”

In affirming the Aaa-stable rating — the highest possible — Moody’s writes: “The Aaa issuer and debt ratings assigned to British Columbia reflect the diverse and relatively strong provincial economy, track record of prudent fiscal management and a high degree of flexibility to accommodate revenue and expenditure pressures. These positive elements helped the province return to balanced budgets in 2013-14 following the 2009 recession faster than most other Canadian provinces, and the province has posted a plan of continued balanced budgets across its rating horizon.”

Moody’s also says that, “The economy of British Columbia, along with a level of taxation that is at the lower end of Canadian provinces, represents an important credit positive for the Aaa rating. The large and diverse economy provides the province with a large base on which to apply a productive tax base, ensuring that provincial revenues are not strongly impacted by a decline in one particular sector,” Moody’s adds. “While Canada typically sees over three-quarters of exports flow to the U.S., this market accounts for about half of British Columbia exports. Other key markets for the province include China (17%), Japan (10%) and other Asian countries (9%). This wide diversification of sectors and markets reduces the vulnerability of the provincial economy from sector-specific or trading partner-specific shocks.”

Moody’s also writes: “British Columbia is rated at the higher end of Canadian provinces, which span a range of Aaa to Aa3. British Columbia has demonstrated strong fiscal management and performance in recent years, as evidenced by the quick return and maintenance of balanced budgets following the 2009 recession and limited increase of its debt burden during the years it produced deficits. The province’s diverse economy, in both industrial mix and external trade partners, has also helped British Columbia avoid the economic difficulties impacting several other Canadian provinces presently.”

Since November 2004, the Province has received seven credit rating upgrades and is now the only province rated triple-A by each of the international rating agencies. Standard & Poor’s most recently affirmed its AAA rating in April 2016, following Budget 2016. The Dominion Bond Rating Service affirmed B.C.’s AA (high) credit rating in April 2016, and Fitch affirmed the Province’s AAA rating in April 2016.

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Coming Up At The Evergreen

alfierosselliheadshotAMUSINGS COMEDY IS THRILLED TO ANNOUNCE THEIR FEBRUARY SHOW ‘LIVE AT THE EVERGREEN WITH ALFIE ROSSELLI’, ON FEBRUARY 4TH, 2017.

AMUSINGS COMEDY IS A GROUP OF LOWER MAINLAND COMEDIANS THAT HAIL FROM ALL OVER THE GLOBE AND THEY ARE THRILLED TO BE BRINGING A LIVE SHOW TO THE POWELL RIVER COMMUNITY.

‘LIVE AT THE EVERGREEN WITH ALFIE ROSSELLI’ IS PRODUCED BY AMUSINGS COMEDY AND THE SHOW WILL FEATURE BIG LAUGHS FROM SEASONED AMUSINGS COMICS, INCLUDING JAMES IDOL, BRANDY LE AND ALFIE ROSSELLI.

THE SHOW HEADLINER, ALFIE ROSSELLI BEGAN HIS COMEDIC JOURNEY FOUR YEARS AGO AFTER A STINT at THE SUNSHINE COAST HEALTH CENTRE helped him find a NEW direction in life and gave him the fresh start he’d been looking for.

Rosselli SAid, “I’M THRILLED TO BE PART OF A NIGHT THAT BRINGS SOME OF VANCOUVER’S funniest COMEDIANS TO POWELL RIVER.  I can guarantee it will be the BEST ATMOSPHERE IN TOWN. i can think of no better way to give my thanks to the people that gave me my fresh start than by hosting my first comedy special in the heart of their community. I hope people come out and enjoy a laughter-filled evening.”

THE SHOW TAKES PLACE ON FEBRUARY 4TH AT THE EVERGREEN THEATRE, 5001 JOYCE AVENUE, POWELL RIVER. DOORS AT 7PM. show starts at 8pm.

TICKETS ARE $10 on the door.

ESSENTIAL INFORMATION:

Show: ‘LIVE AT THE EVERGREEN WITH ALFIE ROSSELLI’.

WHEN: FEBRUARY 4TH, 2017.

WHERE: THE EVERGREEN THEATRE, 5001 JOYCE AVENUE, POWELL RIVER.

TICKETS: $10 ON THE DOOR.

COMEDIANS: JAMES IDOL, BRANDY LE AND ALFIE ROSSELLI.

Show rating: SUITABLE FOR MATURE AUDIENCES ONLY.

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BC Premier Christy Clark visits Powell River

Everyone Welcome

The Powell River Chamber of Commerce is honoured to be hosting a Meet and Greet with BC Premier Christy Clark.

Please join us on Tuesday January 24th,  3 to 4pm at Snickers Restaurant on Marine Ave.

MUST RSVP, $10 at the door, MUST RSVP office@powellriverchamber.com or 604- 485-4051

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BC Home Sales Post Record Year

The British Columbia Real Estate Association (BCREA) reports that a record 112,209 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2016, an increase of 9.5 per cent from the previous year. Total sales dollar volume was a record $77.6 billion, up 18.8 per cent from 2015. The average MLS® residential price in the province climbed 8.6 per cent to $691,144 on an annual basis in 2016.

“Broad-based consumer demand driven by strong economic conditions, employment growth, consumer confidence, and an expanding population base pushed home sales to record levels in many BC regions last year,” said Cameron Muir, BCREA Chief Economist. “However, home sales have fallen back from their lofty peaks early last year.” The seasonally adjusted annual rate of sales activity was approximately 92,000 units in December.

A total of 4,721 residential unit sales were recorded by the MLS® in December, down 28.4 per cent from the same month last year. Total sales dollar volume was $3.1 billion last month, a decline of 33.1 per cent compared to the same month the previous year. The average MLS® residential price in the province was $654,699 in December, a 6.6 per cent decline from December 2015.

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2017 Property Assessment Notices in the Mail

In the next few days, owners of more than 360,000 properties throughout the Vancouver Island region (including Powell River) can expect to receive their 2017 assessment notices which reflect market value as of July 1, 2016.

“The majority of residential home assessments within the region are shifting between +5% to +25% compared to last year’s assessments,” says Regional Assessor Tina Ireland. “A robust real estate market over the past year resulted in assessment increases for many properties in the Vancouver Island region, most notably those in the Greater Victoria areas which have indicated increases up to 40%.”

As B.C.’s trusted provider of property assessment information, BC Assessment collects, monitors and analyzes property data throughout the year. The table below indicates the Vancouver Island region’s estimated typical percentage changes to 2017 assessment values by property type compared to July, 2016 (note that property assessments may vary by individual jurisdiction/municipality within the region).

Overall, the Vancouver Island region’s total assessments increased from $170.15 billion in 2016 to $193.21 billion this year. A total of almost $2.91 billion of the region’s updated assessments is from new construction, subdivisions and rezoning of properties. The Vancouver Island assessment region includes all communities located within Greater Victoria, South Island, Central Island, North Island, West Coast, Northern and Southern Gulf Islands and Powell River.

Powell River
Powell River Regional District – Rural Areas(747) $217,000 $205,800
City of Powell River $234,000 $211,900
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Award-winning British Comedy Duo James & Jamesy Bring Holiday Cheer to Powell River with – O Christmas Tea –

Fans of Monty Python, Mr. Bean, and Dr. Seuss will delight in this
rollicking Christmas romp through a world steeped in tea

Courtenay, Nanaimo, Duncan BC – As part of their Vancouver Island Tour, critically and audience acclaimed British comedians James & Jamesy make their triumphant debut in Courtenay, Nanaimo, and Duncan this holiday season with their uproarious Christmas comedy O Christmas Tea, on stage December 6, 2016 at 7:30pm at Max Cameron Theatre in Powell River. The 17-time ‘Best-of-Fest’ winners from theatre festivals across North America invite audience members of all ages to join them in their action-packed quest to save the world from drowning in tea.

“The Christmas season is a magical time of year that brings people of all ages together; a time when we are encouraged to dream big, embrace imagination and celebrate a child-like excitement for merriment,” says Jamesy, the quirky and playful half of London’s three-time Impresario Award-winning duo. “O Christmas Tea brings to the stage a celebration of that joyous holiday spirit, sweeping spectators into an immersive adventure, leaving them bubbling with laughter and brimming with holiday cheer.”

Catastrophe strikes at James & Jamesy’s Christmas tea party, flooding the world with tea. The friends leap into action, finding innovative and hilarious solutions to keep them afloat. Redefining immersive theatre, these masters of physical comedy—with over a dozen comedy awards to their name—sweep the audience out to sea in a jolly aquatic escapade brimming with whimsy, action, and ingenuity in a celebration of friendship at Christmas.

Regarded as “one of the most popular Fringe duos ever” (CBC), the charismatic James & Jamesy have toured across North America since 2012, performing their original works – including High Tea, 2 for Tea, and In The Dark – more than 400 times to more than 40,000 audience members, earning rave reviews and lifetime fans. Among other accolades, the physical comedians are 2-time finalists for the Just for Laugh’s Best Comedy Award, and finalists for the Canadian Comedy Award for Best Live Ensemble. They have also been awarded Best of Fest (Winnipeg, Saskatoon, Toronto), Most Outstanding Show (London), Best Comedy (Victoria), Patron’s Pick (London) and Best Script (Montreal).

This performance is part of a 7-city BC tour of O Christmas Tea, which will take James & Jamesy to the following additional cities this December: Courtenay, Nanaimo, Campbell River, Victoria, Duncan, and Maple Ridge.

About James & Jamesy (jamesandjamesy.com)

Since 2012, James & Jamesy have been fearlessly embodied by Aaron Malkin as James and Alastair Knowles as Jamesy. Together, they create award-winning performances that blend theatre, physical comedy, and dance to take audiences on fantastical trips of the imagination. Their unique humour appeals to those of all ages – from children to adults – and fosters an inclusive atmosphere, encouraging of audience involvement. Complementing performances are workshops for students and the community that educate on improvisation and physical comedy techniques, while inspiring participants to overcome fears and find freedom in new and inventive methods of self-expression.

LISTING INFORMATION O Christmas Tea

Date: December 6, 2016 at 7:30pm

Ticket prices: $26 Adult
$24 Senior
$15 Student
$22 Group of 10 or more adults

Address Max Cameron Theatre
5400 Marine Avenue
Powell River, BC

Box Office: Tickets available at the following locations:
– The Peak: 4400 Marine Ave
– 2 Lakes Coffee: In Townsite
– Red Lion Pub: In Wildwood
– Old Courthouse Inn: 6243 Walnut St.

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Dr. Evan Adams Appointed To MSF Board

The Michael Smith Foundation for Health Research is pleased to announce the appointment of Dr. Evan Adams and Dr. Brendan Carr to its board of directors.
Dr. Adams is a Coast Salish physician from the Tla’amin First Nation located near Powell River. Adams, the chief medical officer for the First Nations Health Authority (FNHA), works closely with government partners on population and public health matters that affect First Nations and all British Columbians.
Prior to joining FNHA, Adams was deputy provincial health officer. In this role, he provided independent direction on First Nations and Aboriginal health issues to the BC Ministry of Health.
Adams completed his Doctor of Medicine (MD) at the University of Calgary, his Aboriginal Family Practice residency at St. Paul’s Hospital / UBC (as chief resident) and has a Masters of Public Health from Johns Hopkins University.
Dr. Carr was named president and chief executive officer for Island Health in 2013 after previously serving as executive vice-president and chief medical officer. Before joining the health authority, he was vice-president of medicine with the Capital District Health Authority in Halifax and an assistant professor with Dalhousie University.
Carr trained as an emergency department physician. He also holds a Master of Business Administration. Dr. Carr is a Certified Physician Executive, a Certified Healthcare Executive and has completed a research fellowship with the Canadian Health Services Research Foundation.
Active in education and health services research, Carr is an advocate for transformation in health care.
The new directors’ appointments were approved at MSFHR’s annual general meeting on September 23. The meeting also marked the retirement of Dr. Marco Marra and Cathy Ulrich from the board. Ulrich first joined the board in 2007 and was on the governance committee since 2008. She stepped down after serving the maximum nine-year term.
About the Michael Smith Foundation for Health Research:
The Michael Smith Foundation for Health Research (MSFHR) empowers British Columbia’s best and brightest health researchers to pursue world-class innovation and stretch the bounds of what health research can achieve. Inspired by the memory and passion of Nobel Laureate Dr. Michael Smith, the Foundation was created in 2001 by the provincial government to build capacity for health research in BC. Since its inception, MSFHR has received more than $450 million from government to bolster BC’s capacity to develop new treatments and cures; help BC’s health system be more effective and responsive to emerging health threats; and keep BC’s health research sector globally competitive. The Foundation helps BC’s health research community discover solutions to our greatest health challenges; connect knowledge and action on provincial priorities; and engage partners to improve the research enterprise. Learn more at www.msfhr.org

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