B.C. Business Matters:
Three Hard Truths About Canada’s Trade
Canada is an “open” economy, meaning that we depend heavily on cross-border flows of trade, investment and knowledge to underpin our high standard of living. To pay our way in the world, Canada must sell commodities, manufactured goods and services to other markets. Identifying the industry sectors where we can strengthen and expand the country’s export capacity requires that we begin by examining what Canada sells to other countries today.
The Energy Evolution and LNG
All evolution happens in stages. This is also true for energy use. There has never been an energy revolution — a sudden, complete, and fundamental switch from one thing to another — just gradual change as humans incrementally transition to higher-density energy forms.
Guest Author: Politicians, pipelines and paying heed to the rule of law
The new B.C. NDP government campaigned vociferously during the election that it would use every tool in its “tool kit” to stop an interprovincial pipeline expansion that is clearly within the sole jurisdiction of the federal government. There can be no doubt about the new government’s position and its overriding animus to the pipeline project.
Tech-tonic Shifts: Supporting the Growth of a BC Tech “Supercluster”
BC is home to a rapidly growing tech sector supported by global anchor firms that, combined, are expanding new digitally-based and mixed reality technologies and firms. Of interest, Vancouver was named in the July edition of Forbes as the number one-start up region in the world, beating out the likes of San Francisco, Berlin, London and Singapore.
Developing a Stronger Corporate Head Office Cluster:
An Important Challenge for BC
There are many reasons why policy-makers and community leaders should be keen to develop a robust head office cluster.
Evidence-Based Policy and Investments in Children
The social, emotional and academic skills of the population are central to the health and well-being of our citizens and our society. Economists refer to these skills as human capital and have shown that they are crucial for ensuring continued prosperity.
Another Look at Labour Market Mismatches
There is a cost to the economy when workers are unable to find employment that makes effective use of their particular skills, experience and credentials
The Struggle is Real
“The struggle is real” is a popular expression used to emphasize the gravity of a frustrating circumstance or hardship. It is also a term recently used by a group of federal government advisors to describe the rapidly changing labour market and the challenges it poses for workers who need to keep pace.
Dear Mr. President...
With the Renegotiation of NAFTA Looming, the Business Council Pens a Letter to President Trump
BC Election Series: Party Platforms Devote Little Attention to Making BC More Competitive
As a small, open and trade dependent economy, being competitive is vital to BC’s success and prosperity. Against that backdrop, we find it concerning that the party platforms give little attention to the shifting competitive landscape facing business in BC.
BC Election Series: Post-Secondary Education and Innovation in the Party Platforms
Providing the next generation with opportunities to acquire the right skills contributes to stronger economic and productivity growth and should be a top-of-mind goal for incoming decision-makers. All three parties contesting the May 9 election have made promises regarding post-secondary education and innovation.
Vancouver’s Plan Will Hurt Residents and Local Businesses
Affordability is a key challenge for people residing in the City of Vancouver (COV). Yet, earlier this week, the COV’s Green Buildings Policy for Rezoning came into effect. Once implemented, it is sure to exacerbate this problem, not just for citizens of COV but for the province as a whole as well as for the surrounding municipalities of Metro Vancouver. The policy effectively bans the use of natural gas in new buildings. It also sets the stage for Vancouver to squeeze out natural gas as an energy source for existing buildings and facilities over time.
BC Election Series: Housing Affordability, Supply and Related Tax Policy Issues
Real estate, home prices, rental units and affordability figure prominently in all three party platforms. Each party has developed a substantial narrative around housing/housing affordability, with each platform proposing several housing-related policy measures or new/revised programs.
BC Election Series: MSP Premium Commitments and the potential for 55% Personal Income Tax Rates
All three parties contesting the May 9 election have made significant promises in respect of Medical Services Plan (MSP) premiums.
BC Election Series: Fiscal Planning and the Economic Cycle
Today, we comment on the overall fiscal context and constraints facing the government that will take office following the election, drawing on the 2017 BC budget and our assessment of the economic cycle.
The Investment Conundrum
Business non-residential capital spending has been on a declining trend for three years. The slump is particularly evident in the energy sector, but the weakness has spread well beyond the oil and gas industry.
BC Exports in 2016: Five Points of Interest
BC is a small, open, trade dependent economy. As such, exports play a big role in underpinning prosperity and stimulating growth. When exports rise, BC’s economy generally strengthens. Given the dominant role that natural resources have in BC’s overall export profile, exports are also the backbone of many smaller communities around the province.
Canada's Greenhouse Gas Emissions Projections (2016)
An update on Canada's greenhouse gas emissions has just been released. How do we fare?
BC Jobs Part II: A Visual Summary of BC's 2016 Regional Job Performance
In this second part of this series, we take a deeper dive into the labour market and shed some light on the regional dimensions.