BCBC In The News
Vancouver Sun: The marks are in, and BC's economy gets a B grade
A leading think-tank gives British Columbia a B grade, placing it in the middle of the pack among the world’s major economies, but analysts predict an improvement in the coming years as the United States continues to rebound from recession.
B.C. ranked 12th in a group comprised of the nine other provinces and 16 of the world’s richest countries in the Conference Board of Canada report.
Vancouver Sun, Barbara Yaffe: BC can train workers, but can it keep them?
“British Columbians are now re-locating to Alberta in significant numbers,” laments Business Council of B.C. chief economist Ken Peacock and chief policy officer Jock Finlayson, who authored a report on the topic released earlier this week.
Business in Vancouver: Alberta's allure for young workers equals trouble for BC employers
British Columbia has lost significant numbers of its young people to the booming Alberta economy, enough to affect B.C.'s labour market, according to the Business Council of British Columbia (BCBC).
The Province: BC's Day of Mourning recognizes the toll workplace deaths have on others
Linda Dorsett knows the heartache of losing a loved one in a workplace accident.
Her tragedy happened on Sept. 8, 2004, when her 40-year-old husband Sean, a commercial fisherman, became entangled in a rope while scuba diving near Langara Island to retrieve an anchor that was stuck more than 25 feet underwater.
Business in Vancouver: Restaurants banned from using temporary foreign workers
The federal government has announced an immediate moratorium on food-services businesses’ access to the Temporary Foreign Worker (TFW) program.
Vancouver Sun, Barbara Yaffe: BC's tech sector - "We need to raise our game"
B.C. has witnessed a surge in the export of high-tech services, but needs to become more aggressive in marketing the province as a home for techies.
According to a 2012 KPMG consulting report, B.C. lags behind other provinces with sizable high-tech industries: Ontario, Quebec and Alberta.
A recent Business Council of B.C. policy paper states: “We believe B.C.’s advanced technology sector warrants greater attention from policy-makers.
“Its future growth would give the province a sturdier and more diversified economic base.”
24 Hours: Lower mainland to score resource jobs: report
The bulk of the province's new resource industry jobs will be in the Lower Mainland, not rural areas.
That's according to a report released Thursday from the ex-chief economic analyst for Statistics Canada, which concluded that increasing B.C.'s resource sector by 10% would create nearly 30,000 jobs and add more than $2 billion to the economy.
Business in Vancouver: "A terrible loss for our country" says Clark on death of Jim Flaherty
Former federal finance minister Jim Flaherty died suddenly today, possibly of a heart attack, according to media reports. He had resigned from cabinet last month.
The Province: Resource development creates more spinoff jobs than primary industry, experts say
A 10-per-cent hike in B.C.’s influential resource economy would yield nearly 30,000 new jobs — 55 per cent of them in Metro Vancouver — finds a surprising new study.
In ‘The 7 Myths of the BC Resource Economy: Revealing the High Impact of A Vital Sector,’ former Statistics Canada chief economic analyst Philip Cross demonstrates how a 10-per-cent jump in the resource sector would bolster 18 other sectors as well.
Global BC News: Business Council wants to bridge BC's urban-rural divide
The B.C. Business Council wants to bridge our province’s urban-rural divide.
The goal is to demonstrate to the urban decision makers the importance of resource development for all of B.C.
According to an Ipsos Reid poll, in northern B.C., over two-thirds of the residents in a survey said resources are the back bone of the B.C. economy.
However, in Metro Vancouver only two in five people agree, and on Vancouver Island it’s one-in-three.
Vancouver Sun, Barbara Yaffe: Business Council sees bleak year for BC economy
The business community is surprised and disappointed by results of a new report projecting a dismal level of capital investment for B.C.
“We were surprised at the weak overall investment outlook for B.C.” reports Business Council of B.C. executive Vice-president Jock Finlayson, in a March blog post.
Vancouver Sun, Don Cayo: Exports expected to grow, but maybe not for long
Canadian exports, which faltered in 2012 and 2013, should pick up this year thanks mainly to strengthening demand for our products in the United States. But Canada continues to do worrisomely little to equip itself for ever-stronger global competition.
Surrey Leader: Divided workers, politicians complicate port truckers strike
The union representing some Lower Mainland container truckers says finger pointing between the federal and provincial governments underscores how difficult it will be to end a strike crippling Port Metro Vancouver shipments.
Prime Minister Stephen Harper and Premier Christy Clark on Wednesday called the shutdown of most container shipments by truck unacceptable, but then both called on the other level of government to act, saying it's not their primary jurisdiction.
Vancouver Sun, Barbara Yaffe: Career tips for today's youth
Become a doctor, my parents urged my brother. Thinking traditionally, they wanted me to enrol in nursing.
Of course, in the way of young adults, my brother and I ignored their counsel.
Turns out, nearly a half-century later, this still would be good advice for any B.C. student choosing a course of study to give them the best employment odds.
Vancouver Sun: Vancouverites not opposed to coal exports, industry poll shows
Vancouver Mayor Gregor Robertson is adamantly opposed to expanding coal exports from Port Metro Vancouver, but many Vancouverites disagree with him, according to one market-research poll.
In a Mustel Group survey of Vancouver residents, 92 per cent of respondents agreed the port is important to British Columbia’s economy and showed a high level of support for expanding exports from it, including of coal — although to varying degrees.
Vancouver Sun: BC unveils "boring and balanced" budget with details on LNG tax plan
Finance Minister Mike de Jong tabled a second year of balanced books Tuesday that he says proves his government can follow through on its promises to wrestle down health care and labour costs.
De Jong’s new budget projected a provincial surplus of $184 million in 2014/15, which he acknowledged teeters on the same “razor-thin” margin as last budget’s $175-million surplus.
Calgary Herald, Barbara Yaffe: Don't bank on housing bubble bursting
Is it a bubble? Is it a balloon? No, it is Canada's real estate market, and it finally looks as though it may be losing some of its zip.
Vancouver Sun: Sinking dollar dents number of cross-border shoppers heading south, survey finds
The Canadian dollar’s drop to the 91-cent (US) range is prompting more than a third of Lower Mainland residents to think twice about shopping south of the border, according to a survey released Monday.
However, the Insights West poll also found that while Metro Vancouver and Fraser Valley residents are less keen to head to the U.S. than last year, the percentage of people still driving south remains high.
Ken Peacock, chief economist for the Business Council of B.C., said that fewer residents heading south is consistent with what he’d expect.
Vancouver Sun, Vaughn Palmer: Costing of teachers court decision looms over delicately balanced budget
British Columbians can expect three years of modest budget surpluses, backstopped by minimal tax changes and a continuation of the hold-the-line stance on program spending, Finance Minister Mike de Jong indicated Monday.
Globe and Mail: Five things to watch for in Tuesday's BC Budget
B.C. Finance Minister Michael de Jong will take delivery of his repaired budget-day shoes in Victoria on Monday – a media stunt designed to deliver an austerity message on the eve of presenting his next provincial budget.
The annual ritual of the finance minister’s budget shoes has become a device to set the tone for the year’s fiscal plan, and Mr. de Jong is expected to present a balanced budget which will preach fiscal restraint rather than new goodies.