The Star: All the ports along the Canadian and U.S. West Coast will shut down Friday in a protest against systemic racism

June 18, 2020
Colin Wong

[EXCERPT]

It is difficult to quantify what sort of impact the disruption will have economically. But Ken Peacock, chief economist with the Business Council of B.C., said it likely will not be as severe as the anti-pipeline blockades that took place earlier in the year or previous strikes and lockouts during which there was a concern about traffic being diverted to competing ports.

“This is planned. All ports are closing together,” he said.

Still, “The timing is a bit of a concern just because our world is in upheaval and turmoil” due to the fallout from the COVID-19 health crisis, he said.

The council released its updated economic outlook for the province Thursday, which projects a 7.8 per cent contraction in provincial GDP this year.

“B.C.’s export sector will be slammed by the steep global recession that is taking hold around the world,” the report says.

Full Article.

Become A BCBC Member

LEARN ABOUT MEMBERSHIP
BACK TO TOP    

ADDRESS

Business Council of British Columbia
1050 West Pender Street, Suite 960
Vancouver BC V6E 3S7

CONTACT INFORMATION

Telephone: 604-684-3384
Media Contact: 604-684-3384
Email: info@bcbc.com

© 2023 Business Council of BC. All rights Reserved.

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram