BUSINESS ALERT | Three cheers for B.C.'s large capital projects!

Absent the economic lift from large capital projects, the provincial economy would have come close to stalling in 2019.

Okay “stalling” is perhaps a slight overstatement. But provincial growth would have been closer to a meagre 1% pace rather than the respectable 2.7% expansion recorded last year if not for the economic activity flowing from several large projects in the province. By comparison, Canadian GDP grew by only 1.9% in 2019, mostly on the back of population and labour input growth.