Electrification is seen as one of the major solutions to the problem of rising global greenhouse gas emissions. Indeed, all countries that have made visible progress in reducing such emissions in the last couple of decades have done so, in large part by shifting fuel use in the electric sector.
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The next two years will probably bring similarly feeble increases in GDP, in line with 2019’s uninspiring performance. Job creation is likely to decelerate amid tight labour markets and escalating labour costs.
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Canadians have seen a substantial deterioration in living standards relative to peer countries since 2007, according to Organization for Economic Cooperation and Development data. This is primarily because other countries have increased their productivity by more than Canada.
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As the new year beckons, it’s a good time to reflect on the major economic and business stories of the year that’s about to end.
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An economy that can deliver rising GDP per person is able to provide a rising tide of economic prosperity & opportunity for its citizens. This is especially true for a country like Canada given its relatively well-balanced distribution of income.
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B.C. has the second most even distribution of market incomes and the sixth most even distribution of disposable incomes among the Canadian provinces.
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Learn how B.C. ranks compared to 20 other jurisdictions
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By Jock Finlayson in Economy
As the clock winds down on 2019, it’s time to ponder what the coming year may have in store for the…
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By David Williams in Economy
David Williams is vice-president of policy at the Business Council of British Columbia. Jock…
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By Jock Finlayson in Economy
As the new year beckons, it’s a good time to reflect on the major economic and business stories of…
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By David Williams in Economy
Canadians have seen the largest deterioration in living standards relative to peer countries over the current business cycle from 2007 to 2018. This is primarily because peer countries have increased their productivity by more than Canada.
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Who is the Fairest One of All? Part II
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