bc economy

11:46AM
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B.C.’s has one of the highest overall tax rates on new investment in Canada and the developed world.


3:36AM
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Some B.C. government policies are at odds with ambitions to grow the province’s tech sector.


8:21AM
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Moving oil by rail is 4.5 times more likely to result in an incident or accident than moving that same oil by pipeline.


9:00AM
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When Ontario Finance Minister Charles Sousa announced a budget update and a revised, lower forecast for provincial economic growth, it was yet another piece of evidence that Ontario’s economy is sluggish. But Ontario’s problems run deeper than just one fiscal update from one finance minister.


9:00AM
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Question: If you’re young, or have very little education, where’s the best place in the country to find a job, make a decent income and prosper? Answer: Alberta, followed by Saskatchewan and British Columbia.


2:00AM
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While Premier Christy Clark aims “to create an environment where growth and investment can flourish,” little has been achieved since last year’s electoral victory. If Premier Clark is to help British Columbians obtain the desired prosperity and jobs, her top economic priority should be to make BC the most investment-friendly jurisdiction in Canada.

Here’s what’s needed.


2:00AM
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With economic uncertainty as the backdrop, it was critical for the BC government to put forth a prudent budget. Finance minister Kevin Falcon acknowledged as much by reassuring British Columbians that the budget was “built on fiscal discipline” and lays a “firm foundation for the future.” Falcon even warned of the perils of additional government taxes, spending, and borrowing in the current economic environment, calling such measures “potentially catastrophic.”


2:00AM
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BC’s September Budget Update is unlikely to live up to its promise of “protecting vital services” and “building for the future.” Instead, the big-spending, tax-increasing, debt-loving budget is a step back from BC's recent progress and will burden, rather than build for, the future.

Start with the seemingly unavoidable $2.8 billion deficit. According to Finance Minister Colin Hansen, the government was “forced into deficit” largely as a result of a loss of “$2 billion in expected revenues.” The $2 billion figure certainly captured the attention of the media.

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