B.C. Business Matters:
Census Income Update (Pt 1)
National Median Income: Resource-Rich Industries Lead the Pack
The more resource-rich provinces saw significant increases in median household income over the 2005-15 period. Over the decade, a boom in energy and some other resource markets drew investment and bolstered incomes in the prairies, the North and to a lesser extent Newfoundland.
Global Oil Demand Continues to Grow
Those predicting a rapid and sustained world-wide move away from fossil fuel energy will be disappointed at the latest oil market update from the International Energy Agency (IEA).
Government 3.0: Driving a Big Data Ecosystem
Government is well positioned to act as a big data convener and to create new mechanisms and 21st century Crown Corporations to house, receive and manage timely access to combined or “stacked data”.
Advice to the New BC Government: Tread Carefully on Business Taxes
As appealing as it may be to advocate higher taxes on companies and entrepreneurs, there are some risks in following this path.
BC Retail Sales Surge in June…Capping off a Very Strong Q2
Recently released figures from Statistics Canada show BC consumers are out spending feverishly, helping fuel the solid pace of economic growth in the province.
Progress Report on Greenhouse Gas Emissions Released
Recently, the Vancouver Sun reported on a July 5th report by the National Energy Board (NEB) comparing multi-year changes in Greenhouse Gas (GHG) emissions by province.
Designing 21st Century Skills: Government-Driven Solutions
Recommendations for government as we collectively retool our human capital strategies for the future.
Punching Above their Weight:
Looking to increase innovation and productivity? Take a leaf from Aboriginal-owned firms, suggests a new study by the Canadian Council for Aboriginal Business (CCAB).
A Snapshot of BC’s Fastest Growing Industries
We look at the 30 BC industries that have grown most rapidly over the past five years, based on average annual growth in economic output (real GDP) between 2011 and 2016.
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.