BCBC In The News
Vancouver Sun, Vaughn Palmer: Top court's First Nations land title decision looms large
Twenty-five years ago this summer, native people in a remote valley of the central Interior set in motion the most important court case to date involving First Nations ownership of land in B.C.
Financial Post: BC businesses worry Northern Gateway clash could scare off investors
According to a recent report by the Business Council of British Columbia, B.C. has experienced a significant loss of working-age individuals to Alberta in the past two years. Some are continuing to reside in B.C. but work in Alberta.
“This flow of people is skewed heavily towards younger people, which suggests they are moving to secure better jobs and perhaps also to take advantage of lower housing costs in Alberta,” the April 2014 report says.
Times Colonist: Northern Gateway: Business hails business potential
Business Council of B.C. president Greg D’Avignon said if Canada doesn’t send oil to fuel-hungry China, other countries, such as Kazakhstan or Iraq, will. Asia has three billion new middle-class consumers, he said.
“They are growing exponentially in Asia and South Asia. We’ve got the ability to apply Canadian innovation and sustainability practices and export those around the world in a way that really makes a difference.”
Russia recently concluded a long-term agreement to bring natural gas to China, now seeking more energy sources, D’Avignon said. “Canada has to be one of those countries to supply it."
Vancouver Sun, Don Cayo: Municipal spending soard
The Fraser Institute analysis, released Wednesday, conforms generally with earlier studies done nationally by the Canadian Federation of Independent Business and provincially by the B.C. Business Council. It looks at the growth and patterns of operating expenditures - protection, utilities, garbage, parks and the like - in the Metro region, as well as at all revenue sources, not just taxes.
Vancouver Sun, Editorial: Teachers must consider other public-sector deals
A tally of contract settlements in the public and private sectors, compiled by the Business Council of B.C., demonstrates how significantly the province is restraining wage growth within its ranks.
Wage increases were modest in the 33 contracts settled over the February-March period. Private-sector contracts from 2014-16 offered average percentage increases of 2.1, 1.9 and 1.4.
Predictably public sector contracts were more modest, with percentage increases of 1.8 per cent, 1.4 and 0.5.
Financial Post: Northern Gateway Pipeline decision could come in many shades of "yes"
Jock Finlayson, executive vice-president at the Business Council of British Columbia, said the province’s well-organized, well-funded, environmental movement opposes all kinds of development, from pipelines to hydro lines to port expansions, but doesn’t speak for the majority.
He noted Christy Clark’s Liberals won a sizable mandate last year on a platform of promoting resource development, and Mr. Harper’s Conservatives locked up most of the seats in the province by promoting responsible resource development.
“I would avoid the temptation to paint with a sweeping brush … that this is a place where you can’t get business done, even though it’s a challenging jurisdiction,” he said. “Oil pipelines are the issue du jour, but I have seen this surface many times … often things do get built.”
Bloomberg Businessweek; BC said to seek lower LNG carbon emissions
The British Columbia government is considering a requirement to force liquefied natural gas terminals to have a carbon footprint at least one-third below global standards, said two people familiar with the talks.
Vancouver Sun, Barbara Yaffe: BC no better than 'middle of the pack' economic player in Canada
The Conference Board of Canada’s rating of B.C. as no better than a “middle of the pack” economic player within Canada will surprise many.
The disappointing assessment came recently as part of the board’s annual economic report card. It probed eight key economic indicators and declared this province trails four other provinces.
Asian and emerging markets: Top thinker foresees a responsible China atop world ordere
Professor Kishore Mahbubani, dean of the Lee Kuan Yew School of Public Policy at the National University of Singapore, will speak at the second annual Business Council of B.C. Chair’s Dinner on Tuesday.
The international affairs expert has served as president of the UN Security Council and was listed by the Financial Times as one of the Top 50 individuals who would shape the debate on the future of capitalism.
The business publication also selected his latest book — The Great Convergence: Asia, The West and the Logic of One World — as one of the best books of 2013.
Vancouver Sun: The marks are in, and BC's economy gets a B grade
A leading think-tank gives British Columbia a B grade, placing it in the middle of the pack among the world’s major economies, but analysts predict an improvement in the coming years as the United States continues to rebound from recession.
B.C. ranked 12th in a group comprised of the nine other provinces and 16 of the world’s richest countries in the Conference Board of Canada report.
Vancouver Sun, Barbara Yaffe: BC can train workers, but can it keep them?
“British Columbians are now re-locating to Alberta in significant numbers,” laments Business Council of B.C. chief economist Ken Peacock and chief policy officer Jock Finlayson, who authored a report on the topic released earlier this week.
Business in Vancouver: Alberta's allure for young workers equals trouble for BC employers
British Columbia has lost significant numbers of its young people to the booming Alberta economy, enough to affect B.C.'s labour market, according to the Business Council of British Columbia (BCBC).
The Province: BC's Day of Mourning recognizes the toll workplace deaths have on others
Linda Dorsett knows the heartache of losing a loved one in a workplace accident.
Her tragedy happened on Sept. 8, 2004, when her 40-year-old husband Sean, a commercial fisherman, became entangled in a rope while scuba diving near Langara Island to retrieve an anchor that was stuck more than 25 feet underwater.
Business in Vancouver: Restaurants banned from using temporary foreign workers
The federal government has announced an immediate moratorium on food-services businesses’ access to the Temporary Foreign Worker (TFW) program.
Vancouver Sun, Barbara Yaffe: BC's tech sector - "We need to raise our game"
B.C. has witnessed a surge in the export of high-tech services, but needs to become more aggressive in marketing the province as a home for techies.
According to a 2012 KPMG consulting report, B.C. lags behind other provinces with sizable high-tech industries: Ontario, Quebec and Alberta.
A recent Business Council of B.C. policy paper states: “We believe B.C.’s advanced technology sector warrants greater attention from policy-makers.
“Its future growth would give the province a sturdier and more diversified economic base.”
24 Hours: Lower mainland to score resource jobs: report
The bulk of the province's new resource industry jobs will be in the Lower Mainland, not rural areas.
That's according to a report released Thursday from the ex-chief economic analyst for Statistics Canada, which concluded that increasing B.C.'s resource sector by 10% would create nearly 30,000 jobs and add more than $2 billion to the economy.
Business in Vancouver: "A terrible loss for our country" says Clark on death of Jim Flaherty
Former federal finance minister Jim Flaherty died suddenly today, possibly of a heart attack, according to media reports. He had resigned from cabinet last month.
The Province: Resource development creates more spinoff jobs than primary industry, experts say
A 10-per-cent hike in B.C.’s influential resource economy would yield nearly 30,000 new jobs — 55 per cent of them in Metro Vancouver — finds a surprising new study.
In ‘The 7 Myths of the BC Resource Economy: Revealing the High Impact of A Vital Sector,’ former Statistics Canada chief economic analyst Philip Cross demonstrates how a 10-per-cent jump in the resource sector would bolster 18 other sectors as well.
Global BC News: Business Council wants to bridge BC's urban-rural divide
The B.C. Business Council wants to bridge our province’s urban-rural divide.
The goal is to demonstrate to the urban decision makers the importance of resource development for all of B.C.
According to an Ipsos Reid poll, in northern B.C., over two-thirds of the residents in a survey said resources are the back bone of the B.C. economy.
However, in Metro Vancouver only two in five people agree, and on Vancouver Island it’s one-in-three.
Vancouver Sun, Barbara Yaffe: Business Council sees bleak year for BC economy
The business community is surprised and disappointed by results of a new report projecting a dismal level of capital investment for B.C.
“We were surprised at the weak overall investment outlook for B.C.” reports Business Council of B.C. executive Vice-president Jock Finlayson, in a March blog post.