Certainty is important to the competitiveness of B.C. industry, said business council CEO Greg D’Avignon. “The competitiveness of Canada and British Columbia is really at risk,” he said in an interview.
B.C.’s economy has benefited from a favourable exchange rate with the US dollar and low interest rates that have given a big boost to the growth in housing and retail sales attached to that. However, if that spending diminishes, “you’ll start to find the foundation of the economy in B.C. and Canada are quite weak,” D’Avignon said.