BC Economy and Job Market to Gain Momentum Over 2014-2015
Against a more balanced and somewhat stronger global growth setting, BC’s economy should make progress in 2014, on the heels of a rather disappointing 2013. We expect the province’s real GDP to advance by 2.3% this year – solid, but not spectacular. By 2015, further improvements in the global economy and a substantial jump in capital spending in BC should push GDP growth above the 3% mark.
On the Road to Emissions Reductions:
Environment and Energy Bulletin on BC's Low Carbon Fuel Standard
This edition of our Environment and Energy Bulletin was written by guest author Selina Lee-Andersen, Counsel, Environmental and Aboriginal Law, McCarthy Tétrault LLP.
As a major contributor of greenhouse gas (GHG) emissions, the transportation sector has been identified by policy makers as a sector in which significant emission reductions can be achieved. One of the policy instruments designed to reduce GHG emissions is the low carbon fuel standard (LCFS), which is intended to reduce the carbon intensity of transportation fuels measured on a life-cycle basis.
Congested and Nowhere to Go:
Congestion, Road Infrastructure, and Road Pricing in Metro Vancouver
Transportation continues to be a top-of-mind concern for policy makers, business leaders and communities in the lower mainland. How best to manage and use the region's scarce transportation capacity is a complex and often contentious question. In this paper, Jonathan Arnold, who recently completed a co-op term at the Business Council as part of his SFU graduate public policy degree program, explores a number of issues related to transportation demand management, including road pricing, in the Greater Vancouver context.
New WorkSafeBC Policies on Bullying and Harassment - A Review of the Duties of Employers in BC
On July 1, 2012, Section 5.1(1)(a)(ii) of the Workers Compensation Act (the “Act”) was enacted. Part of this new provision provides that a worker’s mental disorder is compensable under the Act where that disorder is caused by a work-related stressor, including bullying or harassment. Taken together with Section 115 of the Act, Section 5.1 requires employers to address bullying and harassment as they would any other hazard in the workplace by taking all reasonable steps in the circumstances to ensure the health and safety of their workers, and those workers present at a workplace where their work is being carried out.
The Economic Benefits of Encouraging Small Businesses to Grow
The role of small businesses necessarily features prominently in any discussion of the British Columbia economy. Indeed, it is no exaggeration to say that an orientation toward small businesses is a defining characteristic of the province’s private sector.
BCBC study conducted by MNP finds corporate community contributes $370 million annually to the province's charities
Ono October 18th, the Business Council of British Columbia released a first-of-its-kind study conducted by MNP which found that British Columbia’s business community contributes approximately $370 million in cash donations, sponsorships and partnerships to community and charitable organizations across the province each year. This is the first comprehensive study on the current levels of overall charitable contributions and partnership made by BC businesses in the province.
Building New Energy Advantages for BC:
Understanding and Benefiting from the Transformation of BC's Energy Marketplaces
A white paper on Energy Policy in BC
Transportation - The Way We Move Part II
This is part two of a two part Environment and Energy Bulletin that explores the topic of transportation. Part one focused on the context, statistics and some key issues that set the stage for part two, a high level discussion of policy options for managing transportation and related infrastructure issues going forward.
BC Agenda For Shared Prosperity Final Report
September 25, 2013 (Vancouver, BC) – The Business Council of British Columbia and the British Columbia Chamber of Commerce today released the final report of the BC Agenda for Shared Prosperity initiative. For a year, the two organizations have sought expert and community-based answers to the question: “How can BC become a more prosperous province for all British Columbians?”
Productivity: BC's Position and Why We Should Care
Over the long term, productivity levels and growth rates are the most important factors determining the evolution of the standard of living in any economy. In more productive economies workers typically receive higher wages and governments have more resources available to pay for services.
Transportation -- The Way We Move
This is part one of a two part Environment and Energy Bulletin that will explore the topic of transportation. In part one we focus on the context, statistics and some key issues that set the stage for part two, a discussion of policy options and possible directions for managing transportation and related infrastructure issues going forward.
Temporary Foreign Workers in Canada: Separating Fact from Fiction
Human Capital Policy and Law Volume 3, Issue 3
The increase in the number of temporary foreign workers (TFWs) in Canada has sparked controversy and prompted a fair amount of unfavourable commentary over the past year or so. Some union leaders have suggested that foreign workers here on a temporary basis are displacing Canadians from jobs and distorting local labour markets. A few academic commentators have probed and raises questions about the legal rights and status of TFWs. In contrast, many business leaders point to the challenges companies face in finding people to fill jobs, notably in some regions, and argue that TFWs are often essential to their operations. Temporary foreign workers are also frequently sought for specific skills which may not be sufficiently available in the Canadian market.
Mid-Year Update: BC Economy Slows in 2013, Rebounds in 2014
Against a subdued global backdrop and fairly soft domestic economic conditions, the near-term growth outlook for BC has been trimmed. We now expect real GDP to increase by a sub-par 1.6% in 2013, which is still a bit better than the BC government’s 1.4% projection in its recently tabled budget. At the start of the year we thought that a mid-year pick up in exports and some additional investment spending would lift the province’s GDP growth rate above the 2% mark. While an improved external economic setting will eventually translate into stronger growth for BC, the timing for this positive turn has been pushed back.
Surge in Cross Border Shopping Weighs on Retail Sales in BC
The additional consumer purchasing power stemming from the stronger Canadian dollar, recent increases in the duty-free exemptions, and the large gap between gas prices in Metro Vancouver and Washington state have all contributed to a recent jump in cross-border shopping.
A Review of Trends in Union Density
An examination of the evolution of the position of trade unions in the overall labour market underscores the challenges facing the union movement in British Columbia and Canada as a whole. The term “union density” is used to track the proportion of paid workers who are covered by a collective agreement. It can be thought of as a proxy for the “market share” of unions within the employed workforce, excluding people who are classified as self-employed.
Thinking About Conservation Policy
Some argue that the pace and scale of changes to the landscape to meet humanity's needs and wants is undermining the ability to sustain ourselves. On a global scale this may be true, but in Canada, with the second largest landmass in the world and only 3.85 people/km2, this is not necessarily the case (although one could argue the corollary, which is that this is exactly why we should set aside more land and protect more species, insects, microorganisms and ecosystems, generally).
2013 Federal Budget: A Combination of Following Through, Fiscal Restraint and Some New Funding for Priority Areas
Against a backdrop of softer economic conditions, Finance Minister Jim Flaherty tabled a budget still centered around achieving the Conservative government’s 2015-16 balanced budget target. To meet that objective, the Budget imposes meaningful but not draconian spending restraint. In turn, this left little capacity for much in the way of new spending or tax relief. The Budget does, however, direct additional funding to a few priority areas such as skills training and infrastructure investment.
Pull Back in Resource Sectors Tempers Overall Capital Investment in BC
The release of Statistics Canada's annual Public and Private Investment survey indicates that capital investment in BC is poised to edge higher in 2013. In aggregate, businesses and government plan on investing $46.9 billion on new residential and non-residential structures, industrial sites, drilling activity, machinery and equipment and all other new capital outlays this year. This represents an increase of 0.9% over 2012. Looking at only the non-residential segment, planned investment is slated to fall slightly (by 0.4%) this year. Despite the slumping housing market, BC developers who responded to the survey reported that they intend to boost residential investment spending by 3.6% this year. There is probably some downside risk to this projection given the ongoing slowdown in housing market activity.
Water - Blue Gold
Water, water everywhere and not a drop to drink – many will recall the famous musings of English poet Samuel Taylor Coleridge, in The Rime of the Ancient Mariner. Mark Twain once remarked, "whisky is for drinking; water is for fighting over.” Both statements are true.
This paper is more of a primer on water and water management than a discussion of policy issues or options, although at the end we touch briefly on the Business Council’s views on water policy in British Columbia, a topic which has been under discussion in connection with the ongoing Water Act reform process.
Understanding Economic Development and Reconciliation with First Nations in BC: The Case for Accelerating Economic Engagement
Jurisdictions around the world have engaged in a wide variety of initiatives to reconcile the rights of indigenous peoples within post-colonial government and market economies.
As a province largely without ratified treaties, British Columbia has, by practical and legal necessity, developed a relatively unique set of public and private sector tools to facilitate natural resource development activity on the land base.
In this issue of Policy Perspectives, we highlight the diversity of initiatives underway in British Columbia to advance economic development on the land base. The paper makes the case that there is a promising, albeit challenging, opportunity to move progressively down a path of economic and social reconciliation that will provide tangible benefits to both First Nations and the province as a whole.