Globe and Mail: B.C. lost 132,000 jobs in March, data show


In a statement, the executive vice-president of the Business Council of B.C. said the province may be doing better than its Canadian counterparts with new COVID-19 cases near a peak and the most confirmed cases reported as recovered.

However, Jock Finlayson said he expects real provincial GDP to fall by a “very sharp” 7.3 per cent largely in the second quarter of 2020, and the 2020 B.C. budget, which forecast a slim operating surplus, is “out the window" given last month’s support package, looming additional measures and provincial revenues likely to “drop like a stone."

Full Article.