BC Budget 2017 Analysis
Budget 2017 is a good news budget. While it falls shy of being a “something-for-everyone” document, it does announce some useful tax/premium reductions along with increased spending in a number of high priority areas. It also extends the province’s track record of sound fiscal management. Apart from the risk stemming from the high debt load of certain Crown corporations, Tuesday’s budget reinforces BC’s top notch credit rating.
BC2035 is about creating a shared vision of BC’s future and laying down a pathway to realize that vision. It is about initiating conversations, fostering greater collaboration and getting politicians, policy makers, First Nations leaders, and business leaders to think about, prepare for and act on the future.
Assessing The New US Administration's Impact on BC's Natural Resource Industries
What the US Administration does on trade, energy and environmental policy matters to BC’s natural resource sectors, and to the overall health of our economy.
Better, But Still Rising Steadily: An Update on Municipal Spending in Metro Vancouver
In real per capita terms, municipal government expenditures in Metro Vancouver grew by 6.9% over the past five years. This is a notable reduction from the 20% jump recorded between 2005 and 2010.
Tapping a "Motherload" of Opportunity: How BC Can Gain From More Accessible Childcare
Women, particularly in the child-rearing years, are less active than their male peers in the workforce. The correlation between child-rearing and labour force participation is not coincidental.
The Risks of Needing and Wanting 'Stuff'
People are afraid of the unknown but today’s risks are no more severe than those in the past.
Diverse and Growing: BC's Agriculture Industry on the Rise
BC's agri-food industry has enjoyed strong growth in recent years.
Book Review: Power Density, A Key To Understanding Energy Sources and Uses
Power density—expressed in a form that accounts for the spatial requirements of energy extraction, conversion, and use—is critical to understanding paths forward for energy transitions
Innovation for Jobs and Productivity:
Fostering High-Growth BC Businesses, Creating More High-Paying Jobs
How can British Columbia draw on its strengths to build a vibrant, diverse economy, one that produces rewarding employment opportunities and rising incomes for the people who work and do business here? Scholars and leading international organizations agree that the best route to sustained prosperity is by developing a highly productive economy.
Labour Market Adaptation in the Age of Automation
As disruptive technologies push the frontiers of automation and encroach on some of the advantages that humans have been thought to possess over machines, the way we work is being transformed.
An Updated Look at British Columbia's Parks, Protected Areas and Conservation Efforts
Conservation of land and marine areas is an important part of recognizing natural, ecological, and/or cultural values of biodiversity. British Columbia is a world leader in this regard.
BC's Economy Remains on Solid Growth Path Despite Muted Global Backdrop
Against the backdrop of a subdued global economy, British Columbia looks poised for healthy growth over 2016-17, continuing the pattern of last year. While parts of our economy will be held back by depressed prices for some key commodities, exports of non-resource goods together with many services – including tourism – are enjoying a lift from the low Canadian dollar. The province’s housing market also remains buoyant, supported by rock-bottom interest rates, better job growth and steady inflows of immigrants and foreign money.
Commissioned Paper: Fiscal Options for Building a Prosperous British Columbia - By Kevin Milligan
BCBC commissioned an independent review of the efficiency, effectiveness and fairness of British Columbia’s current tax system, and potential policy approaches to modernize the system in the context of today's economic realities. The Milligan paper notes that BC faces two key fiscal challenges: generating the government revenues needed to fund public programs and services going forward, and ensuring a healthy level of investment and business growth to sustain a strong economy.
Off to Work: Improving the School-to-Work Transition for Recent University Graduates
Human capital is maximized when a worker’s qualifications and skills match those required by their job. Delayed PSE school-to-work transitions may help to explain Canada’s lacklustre productivity growth.
British Columbia Needs Effective Intellectual Property Frameworks to Promote Collaborative Research and Commercialization
This issue of Policy Perspectives provides an overview of results from a recent Mitacs research project examining what attracts (and deters) foreign direct investment in R&D to Canada, with a specific focus on Canada’s outdated intellectual policy regime.
Air Quality - Where Are We Now? Where Are We Going?
Canada and British Columbia air quality has improved remarkably since the 1970s and has continued to improve from 2000 to today. There has been a steep decline in the quantities of pollutants including particulate matter, ground level ozone, nitrogen oxides, and sulphur dioxides. As a result, we compare favourably with the United States and most other OECD countries.
Federal Liberals Reverse Conservative Labour Legislation –
Does the Certification Model Have an Effect on Union Density?
The federal government is poised to enact Bill C-4 to reverse two pieces of legislation enacted by the Conservative government last year.
A Snapshot of Health Care Spending -- In Canada and Around the World
Health care in Canada consumed more than 40% of aggregate provincial government revenues in 2015, with the public and private spending necessary to provide the full suite of health services amounting to 10.7% of national GDP.
Federal Budget Delivers on Liberal Campaign Commitments...But Little New for Business
In his inaugural budget, Finance Minister Bill Morneau ushered in a new era of higher federal spending and sizable deficits. It is important to take note of the current context: a Canadian economy that’s still struggling to adjust to dramatically lower oil prices and a generalized downturn in global commodity markets. We should also take account of the federal government’s solid baseline financial position. Even with a string of deficits, the federal debt/GDP ratio is projected to remain essentially flat over the next half decade.
An Update on Union Density in BC
After tracking Canadian density rates for a number of years, overall union density in BC has now moved visibly below the national benchmark.