First, the good news. Coast Tsimshian Resources (CTR) have agreed a deal with Chinese company Xinyixinrun Plywood Manufacturing to sell 193,000 cubic metres of logs and custom cut lumber over the next year. This doubles the company's turnover overnight and is projected to create 150 new jobs in Prince Rupert and Terrace.
Also, Canada and China have signed a formal agreement establishing Approved Destination Status between the two nations. This allows easier access into China from Canada and vice versa. Chinese visitors to British Columbia are expected to increase by 15% next year, good news for both business and tourism.
The bad news is that after 100 years The Daily News, Prince Rupert's only daily newspaper is closing its doors. The ownership has changed hands with the new owners, Black Press, immediately announcing its intention to close the paper down. It cannot be mere coincidence that Black Press owns the only other newspaper in town, a weekly publication called The Northern View.
The loss of The Daily News will be keenly felt in the community and I hope that some accomodation can be reached that means we continue to have our local paper. Alas, the global depression that has engulfed print media over the last ten years appears to have claimed another victim.
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