BCBC In The News
Vancouver Sun: BC business eye 'fiscal cliff' even as they enjoy mascent US economic recovery
U.S. President Barack Obama won re-election Tuesday but the political result B.C. business leaders will be watching for is still in the future. Officials in sectors such as forestry and tourism — which have benefited from the halting recovery of the U.S. economy — are hoping the American government can avoid falling over the so-called “fiscal cliff” of automatic tax increases and spending cuts that could take effect on Jan. 1. Failure to avoid the cliff could send America back into recession, taking Canada and B.C. with it.
Business in Vancouver: Stronger US manufacturing sector good for British Columbia
BC manufacturers and exporters should benefit from a key U.S. presidential election campaign pitch that would return overseas manufacturing jobs to the continental U.S.
Edmonton Journal: Real GDP down 0.1 percent in August: Statscan
Canada's economic expansion came to a surprising halt in August, posting the first decline since February and setting the stage for the worst quarter of economic activity in more than a year. Real gross domestic product shrank by 0.1 per cent over the month, with both temporary and fundamental factors taking the steam out of what economists had expected to be a relatively healthy 0.2 per cent advance.
Daniel Veniez, Globe and Mail: Treaty settlement the only way to end pipeline deadlock
The broken treaty process is a conspicuous illustration of a major impediment to the expansion of British Columbia’s economy. The Enbridge Northern Gateway Pipeline debacle is its latest casualty. In 1992, the federal and provincial governments created the BC Treaty Commission (BCTC) to facilitate the negotiation and settlement of treaties in British Columbia. Twenty years and an estimated $900-million later, a grand total of three treaties have been signed. Sophie Pierre, the Chief Commissioner, told me that the commission could be around for another 20 years.
Vancouver Sun Editorial: Resources dominate B.C. exports — and that’s not a bad thing
Like the inhabitants of ancient Gibeon, British Columbians seem destined, cursed if you will, to remain hewers of wood and drawers of water given their dependence on natural resources as the digital revolution passes them by. More often than not, the province’s legacy industries are disparaged as the “old” economy and, worse, as a despoiler of the environment.
Don Cayo: Resources still drive BC's economy
If the rest of the world continues to see British Columbians as hewers of wood and drawers of water, perhaps it's because they know something that many of us - especially those who too rarely stray from the Lower Mainland - don't always acknowledge. It's because, in our dealings with the rest of the world, that's precisely what we are, as a new report from the B.C. Business Council makes clear. And the council thinks we're likely to stay that way for a long time to come.
Vancouver Sun Editorial: Time in B.C. to put ideology aside and work for the common good
Perhaps the word most often used to describe the political culture in British Columbia is polarized. Endless ideological warfare between the capitalist carpetbaggers and the socialist hordes has silenced the civil conversation B.C. needs to have. Rather than exchanging ideas, we hurl insults; instead of dialogue, we spout slogans; in place of empathy, we harbour suspicion. But most British Columbians want the same things: a safe place to live, nutritious food, natural beauty with clean air and water, good health, quality education, efficient transportation systems, reliable utilities and sufficient income to enjoy the present and save for the future.
Global BC/CP: Heavy Lifting required to fill looming BC labour shortage
Shipbuilding contracts, new liquefied natural gas plants and a booming mining sector are being hailed for keeping British Columbia afloat as worldwide economies falter, but they bring along a topsy-turvy problem.
Jobs are expected to abound here in the next decade, but there won't be enough trained workers to fill them.
Recognizing a looming labour shortage in industries from construction to natural resources, the provincial government has embarked on a mission to make blue-collar work more attractive.
Globe and Mail: Mayors call for more revenue sources
When B.C.’s local government leaders gather in the provincial capital next week, they’ll tackle the heady issues of oil-tanker traffic, cannabis laws and shark-fin soup. But the core debate will be on a pragmatic topic – taxes.
The mayors want to pry new sources of revenue from the province, saying they need to deal with growing costs from provincial and federal offloading.
But the province says municipal spending needs to be reined in before the door is opened for new taxation powers.
Vancouver Sun: Despite some hard knocks, Japan remains an important economy for B.C. businesses
Poor Japan. Just three years ago it was the world’s second-largest economy. Now that China has taken over the No. 2 spot it seems like the world has forgotten it. And given that Japan is still the world’s third-largest economy, with gross domestic product of $5.689 trillion US, and more than 125 million people, forgetting it would be a mistake. “It has been supplanted by China in recent years (but) I would not dismiss Japan,” said Jock Finlayson, executive vice-president with the Business Council of British Columbia. “It’s still a very wealthy economy and it has a high level of consumption and that’s obviously important to us as a resource and industrial raw material producer.”
Vancouver Sun: City has potential to attract Asian HQs, executive says
Vancouver has the potential to attract head offices for Asian companies seeking a stronger North American presence, according to an executive with a U.S.-based company that fosters corporate moves.
Vancouver Sun: Christy Clark wants a bigger piece of the pipeline pie for BC
HALIFAX — B.C. Premier Christy Clark says her government will not sign onto any national energy strategy until British Columbia’s dispute with Alberta and the federal government over the Northern Gateway oil pipeline is resolved.
Jock Finlayson: Canada's economy is headed for a rough ride (Vancouver Sun)
This summer marks the third anniversary of the economic recovery that began following the 2008 global financial crisis and recession that descended upon much of the world in its wake. By any measure it has been a subdued economic rebound, particularly for many of the “advanced” countries that belong to the Organization for Economic Cooperation and Development (OECD).
Business in Vancouver: Red tape hampering LNG market access
Declaring natural gas to be clean energy could help oil and gas companies in Canada get a jump on competitors vying for liquefied natural gas customers in Asia.
Vancouver Sun: Big in Japan...and beyond
Viewed from outside the province, British Columbia has assets few large-scale, energy exporters can offer. A stable democracy. A trans-parent set of rules for conducting business. Solid, reliable infrastructure. But B.C. still has some big issues to resolve.
BC Business: The Economics of Embracing Workplace Diversity
The B.C. workforce is undergoing a significant change, its makeup finally reflecting the diversity of the province. Employers can ignore it and fade into irrelevance, or tap into a rich pool of skills and new perspectives.
BC Business: BC Industries' Mixed Fortunes
Exports buoy resource sectors, while retail awaits signs of recovery.(Return to B.C.'s Top 100 of 2012.) Predominantly through accidents of geography and settlement patterns, B.C. has always found itself at the end of one thing and the start of another. The westernmost province in Canada is a gateway for trade with the Pacific Rim, and with its calling card once again presented to the world during the 2010 Winter Olympics, many wondered what 2011 would bring.
Vancouver Sun: BC's energy sector confronts big opportunnities, big risks
Big opportunities, big risks, big headaches. All three loom as gas and oil producers, utilities, politicians, voters and others at all levels wrestle to impose a sense of order on an energy sector boom that’s expected to reshape the economic landscape not only in British Columbia, but around the world.