British Columbia’s tourism industry stood tall before the virus arrived, generating $9 billion in gross domestic product, directly supporting 150,000 jobs, and paying more than $6 billion in annual wages & salaries.
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Natural resources & gateway services are the industries that “pay the bills” for B.C. Policymakers should pay attention to the make-up and health of the province’s economic base – on which our standard of living depends.
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British Columbia offers a lower average standard of living than all other Pacific Northwest regions except Idaho. This is mainly a result of B.C.’s (and Canada’s) lower labour productivity growth over time.
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BCBC sees three interrelated challenges that must be tackled to strengthen the foundations for Canadian prosperity in an increasingly unforgiving and competitive world.
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B.C. has all the elements to grow a vibrant agri-tech sector satisfying multiple aspirations to build clean industrial activities, promote innovation, attract creative and talented people who can solve challenges, and contribute to the economy.
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Canadians have come to expect low, stable growth in consumer prices. The “inflation dragon” of the 1970s & 1980s was considered slain, or at least sound asleep. The COVID-19 pandemic appears to have awakened the beast.
Read MoreWhere Leaders Meet to Unlock B.C.'s Full Potential
By Jock Finlayson in Economy
Two insights from the ongoing COVID-19 pandemic are: the high risks facing industries that rely on…
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By David Williams in Economy
A previous blog explored why British Columbia has a lower average standard of living, as measured…
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By David Williams in Economy
A recent blog by my colleagues, Jock Finlayson and Ken Peacock, identified that British Columbia…
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By Ken Peacock in Economy
An unnecessary election call followed by a dispiriting campaign hasn’t created a favourable…
Learn MoreOPINION: Tourism must regain its place…
Which industries “pay the bills” for…
Why are average incomes in B.C. so much…
OPINION: Canada’s debt load a burden on…
