Business in Vancouver: Mediocre prosperity scores point to underlying problems in B.C.


Prosperity is in the eye of the beholder. It can mean wealth. It can mean health. It can mean abundance. It can mean joy. Or all these things. Or something else.

What we know is that, even with our clear inequities, British Columbians perceive these are prosperous times. In recent years the Canadian economy has performed the best in the G7 and the province has performed the best in Canada. The unemployment rate is the lowest in nearly a half-century.

Still, the upbeat data is deceptive packaging on underlying conditions that ought to cause unease in any complacency.

Now, before anyone expects a rant on the BC NDP’s policies, be forewarned: the economic duress is not an NDP creation. It’s not even necessarily a BC Liberal creation.

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