Milk is displayed at a grocery store in Philadelphia, Tuesday, July 12, 2022. The British Columbia government is spending up to $25 million toward the construction of a milk production plant aimed at boosting the supply of locally sourced food products. THE CANADIAN PRESS


April 24, 2024

The government of British Columbia has pledged $25 million towards expanding a milk production plant in Abbotsford, B.C., aiming to enhance local food sources. This initiative, set to begin construction this summer, will increase annual milk production by 50% to 1.4 billion liters, alleviating the need to import butter from Eastern Canada to meet local demand.

Premier David Eby emphasized the project's significance in addressing challenges posed by the pandemic and recent climate disasters, which disrupted supply chains and escalated grocery prices. He stressed the importance of ensuring a robust future amidst these hardships, highlighting the investment's role in addressing food prices, security, and economic growth.

Eby also noted the broader regional impact of the investment, anticipating billions of additional dollars in dairy quota for farmers across Western Canada, leading to the creation of thousands of jobs.

Brenda Bailey, Minister of Jobs, Economic Development, and Innovation, highlighted how the milk production plant expansion aligns with B.C.'s new industrial development blueprint. This blueprint prioritizes the growth of clean energy and sustainable industries, aiming to drive new investments, create jobs, and seize opportunities across the province. Bailey emphasized the importance of clean industries in improving quality of life and strengthening B.C.'s diverse economy for present and future generations.

By supporting companies like Vitalus in local expansion efforts, the government not only bolsters the food supply chain and enhances food security but also creates employment opportunities for British Columbians. This investment reflects a strategic approach to fostering economic growth while promoting sustainability and resilience in the face of challenges.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

You may also like

Canada Faces Economic Struggles in U.S. Trade War, Macklem Warns

The Canadian economy is unlikely to recover swiftly if a trade war with the United States intensifies, Bank of Canada....

Walmart’s Stock Drop Drags Wall Street Down from Record Highs

Wall Street pulled back from its record highs on Thursday after a sharp drop in Walmart’s stock shook investor confidence.....

Stock Markets Slide: TSX and U.S. Indexes Take a Hit

Canada’s main stock market suffered a setback on Thursday, with the S&P/TSX composite index dropping over 100 points as technology....

Trump's Tariff Strategy: What It Means for the Economy

President Donald Trump has put tariffs at the forefront of U.S. economic policy, fulfilling a key campaign promise. His administration....

Canada’s Basic Income Plan Could Reduce Poverty by 40%

Ottawa – A new report from Canada’s fiscal watchdog suggests that introducing a guaranteed basic income could cut poverty rates....

North American Auto Industry Faces Shutdown Over 25% Tariffs

U.S. Tariff Threats Could Shut Down North America’s Auto Industry The North American auto industry is at risk of coming....

Canada’s Inflation Rises to 1.9% as Energy Prices Surge

Canada's inflation rate inched up to 1.9% in January, driven by rising energy costs, despite a temporary federal tax break....

Trump’s Trade Policies May Trigger Global Recession, Says Expert

Renowned Canadian economist David Rosenberg has sounded the alarm over Donald Trump’s proposed trade policies, warning that they could plunge....

Global Markets Show Mixed Trends as Investors Monitor Policies

Global stock markets showed a mixed performance on Monday as investors closely monitored economic updates and U.S. policy decisions that....

Stock Market Starts Week Strong as Major Indexes Gain

US stock futures climbed as markets reopened after the Presidents' Day holiday, kicking off a shortened trading week shaped by....

Asian Markets Slip as China’s AI Boom Cools Off

Asian stocks lost steam after an initial surge fuelled by China’s AI sector, with investors growing cautious amid global trade....

Canada’s Inflation in January: GST Break Keeps Numbers Steady

Canada’s inflation rate is expected to show little change when January’s consumer price index is released this week, largely due....