April 19, 2024

Modest economic growth forecast for Vancouver

The Conference Board of Canada predicts Vancouver's economy will grow slightly  this year. The board's winter metropolitan outlook says Vancouver's economic growth is expected to accelerate slightly from 2.5 per cent last year to 2.9 per cent this year,  as manufacturing continues to recover. As well, the medium term outlook sees growth … [Read more...]

Slower economic growth predicted

The provincial economy may not grow as quickly as expected over the next couple of years. The Independent Economic Forecast Council is trimming its predicted growth rates for BC by one tenth of a point for the next two years. It now says the economy will grow by 2.1 per-cent this year, and 2.5 per-cent in 2014. CKNW Vancouver News … [Read more...]

Economic Reset: Manufacturing our Future

A Manufacturing Action Plan for Canada Driving Investment, Creating Jobs, Growing Exports Canada’s manufacturing industry faces unprecedented challenges not only from the bottom-line pressures of a strong Canadian dollar and high business costs, but from the longer term impacts of globalization, demographic changes and rapid technological … [Read more...]

BC NDP weigh in on Economic Forecast Council advice

The BC NDP’s Finance Critic says he heard the message loud and clear from the members of the Economic Forecast Council Bruce Ralston says most on the council agreed with the NDP’s position on improving skills training. Ralston says he also took note over their advice when it comes to balancing the provincial books, "and they spoke of … [Read more...]

Falcon cautious ahead of economic update

British Columbians will get an official update on the state of the province's books in a couple of weeks, but the finance minister is already sounding a note of caution. "Our budget situation is not getting better, it is getting tougher." Kevin Falcon is aiming that message at members of the BCGEU as they get prepared to go on strike, but it … [Read more...]

Branson to speak at Surrey Economic Summit

Unlike last year's event, this year's Surrey Economic Summit likely won't draw protesters for its keynote speaker. Protesters faced off with RCMP outside the event last October, where former US presidents George W. Bush and Bill Clinton were speaking. But this year, the keynote will be given by Virgin Group founder Sir Richard Branson -- who Surrey … [Read more...]

Surrey mayor wants to dredge up both jobs and economic activity at the port.

The mayor of Surrey wants to see at least a metre and half dredged from the Fraser river in order to create over a thousand jobs.   Dianne Watts says 1300 jobs could be created along with hundreds of millions of dollars in economic activiity for the Fraser Surrey docks.   Watts says due to economic conditions the city has lost 40%, … [Read more...]