BUSINESS ALERT | Three cheers for B.C.'s large capital projects!

November 25, 2020
Ken Peacock

Absent the economic lift from large capital projects, the provincial economy would have come close to stalling in 2019.

Okay “stalling” is perhaps a slight overstatement. But provincial growth would have been closer to a meagre 1% pace rather than the respectable 2.7% expansion recorded last year if not for the economic activity flowing from several large projects in the province. By comparison, Canadian GDP grew by only 1.9% in 2019, mostly on the back of population and labour input growth.

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