Fossil fuels remain key to energy future, according to report

The U.S. is eager to grab new business, which underscores the urgent need for Canada to secure access to offshore markets for our oil and gas

Fossil fuels remain key to energy future, according to reportBy Jock Finlayson and Denise Mullen Business Council of British Columni The International Energy Agency (IEA) World Energy Outlook 2017, released in early November, provides a useful update on the shift to a lower carbon global energy system. The stepped-up deployment of clean energy technologies and moves toward electrification continue in many nations. At the same…

The prohibitive cost of living in Metro Vancouver

The extraordinary run-up in real estate prices like the one experienced in the Lower Mainland raises the odds of a painful market correction

The prohibitive cost of living in Metro VancouverHow can people afford to live in Vancouver? That question came to mind as I struggled to catch up with the latest torrent of media stories on the Lower Mainland’s seemingly inexhaustible housing boom. Metro Vancouver has long been the most expensive place in the country to purchase (or rent) a home. Indeed, relative to…

Retooling NAFTA: Canada faces harsh economic truths

Canada holds a weak hand as NAFTA re-negotiations begin. More attention needs to be paid to the challenges weighing down the Canadian export economy

Retooling NAFTA: Canada faces harsh economic truthsCanada enters NAFTA renegotiations with a rather weak hand. Canada is a mid-sized economy, responsible for less than two per cent of global production of goods and services – a proportion that has fallen gently over the last decade or so. And we represent about eight per cent of all economic activity across the United…

B.C. must develop a stronger corporate head office presence

Success on growing more locally-based companies and attracting firms from elsewhere would produce sizable economic dividends for the province

B.C. must develop a stronger corporate head office presenceBusiness analysts and economic development agencies understand that the presence of corporate head offices brings many benefits to cities and regions. The Metro Vancouver region needs to improve in this area. Not only do large companies and fast-growing mid-sized firms directly support high-paying jobs, they also help to sustain employment in other local industries that…

Why NAFTA and Canada are important to the U.S. economy

An open letter to President Trump from the Business Council of British Columbia as the U.S. prepares to renegotiate NAFTA

Why NAFTA and Canada are important to the U.S. economyDear President Trump: The Senate’s recent confirmation of Robert Lighthizer as the new United States trade representative signals that the work to renegotiate the North American Free Trade Agreement (NAFTA) will get under way soon. Against that backdrop, we hope you and your cabinet will keep in mind a number of important facts regarding the…

Canada’s investment recession drags on

The collapse of global oil prices, coupled with weak prices in other commodity markets, a key factor behind Canada’s investment slump

Canada’s investment recession drags onWhile Canada’s economy continues to grind out positive if unspectacular gains in employment and gross domestic product (GDP), below the surface the picture is less encouraging. For several years, our economy has basically been kept afloat by free-spending consumers and overheated real estate markets. Throughout this period, export growth has been meagre and investment outside…