Research showing B.C. business leaders’ “deteriorating trust” in the province’s economic direction is an urgent wake-up call for policy-makers, the report’s author says.
The report, which collected the opinions of 49 top-level B.C. business executives at major firms, showed that three-fifths of the respondents were either “somewhat unconfident” or “very unconfident” about the state of provincial policies.
David Williams, vice-president of policy at the Business Council of British Columbia and a former Bank of Canada senior economist, authored the B.C. Business Confidence Survey released last week. He said he was not surprised at the survey’s overall results, adding that many people in B.C.’s business community echo the concerns outlined in the report, including a labour shortage, high taxes and capacity constraints due to business space limitations.