BCBC In The News
Vancouver Sun: Economic council that advises government expects slower BC growth
The Economic Forecast Council has lowered its growth projections for British Columbia this year and next. The slower growth projection comes as a result of year-to-date slowing in domestic indicators such as consumer spending and ongoing uncertainty in the global economy.
National Post: Whistler's hydrogen bus boondoggle
British Columbia is unlikely to meet its ambitious greenhouse gas (GHG) emission targets for 2020, says the Business Council of BC.
Vancouver Sun, Barbara Yaffe: Lagging productivity is problematic
Punishing property taxes. Distracting red tape. An uncompetitive tive PST.
These three items top a list of small business complaints strongly tied to B.C.'s troubling productivity gap with the rest of Canada.
The Business Council cil of B.C. lamented recently that "B.C.'s productivity performance over the last five years is underwhelming." The report, by council executive VP Jock Ferguson and chief economist Ken Peacock, noted the all-important measure of output-per-worker in the province. Not only is it 10 per cent below the Canadian average, but it's also "well behind" that of Alberta, Saskatchewan and Newfoundland.
Digital Journal: Minister Moore highlights benefits of Canada-EU Trade Agreement for BC at BC Business Summit
Today, as co-chair of the first annual B.C. Business Summit, the Honourable James Moore, Minister of Industry and Minister Responsible for British Columbia, delivered an opening address that laid out the government's historic free trade agreement with the European Union and described how it will promote jobs and growth in B.C.
Vancouver Sun, Barbara Yaffe: Trade deal with EU will be good for BC business
It’s pretty tough selling Pacific tuna loin to the Europeans when they slap tariffs of 24 per cent on the B.C. delicacy.
Which is why wild seafood processors here are thrilled that Canada’s latest trade agreement with the Europeans will put an end to such sky-high levies.
While B.C. municipalities are balking at the Comprehensive Economic and Trade Agreement, or CETA, commodities producers and politicians are lauding it as a game changer for the province.
News 1130: Two-day BC business conference starts today in Vancouver
The first-ever Business Council of BC‘s business summit goes today and tomorrow in Vancouver.
Council CEO Greg D’Avignon says the point of the conference is to help BC remain relevant in the worldwide economy.
Vancouver Sun: Province's future at risk
B.C. is at a "pivotal and generational point" in its economic future, the Business Council of B.C. says. "B.C. runs the risk of becoming too costly and with too much risk to consider as a place to invest, even though government's done a great job of managing our fiscal environment," council president and CEO Greg D'Avignon said.
Vancouver Sun: BC's resource economy shifts from US to Asia
After investing millions of dollars in a British Columbia pulp mill, the Fulida Group, a major producer of textiles in China, is facing some tough issues on both sides of the Pacific.
Vancouver Sun: Major BC land claim case before Supreme Court of Canada
The B.C. business community and a senior B.C. aboriginal leader are predicting disaster if a major land claims case doesn’t go their way.
Vancouver Sun, Don Cayo: BC's Asia trade appointment is overdue and may be too tepid
A stiff whiff of patronage and questions about the first office-holder’s qualifications notwithstanding, Monday’s appointment of a B.C. investment and trade commissioner to Asia is a small step in the right direction.
Business in Vancouver: BC Business Council pushes Clean Energy Act overhaul
While a new Business Council of British Columbia (BCBC) policy paper supports two of B.C.'s most high-profile economic opportunities – natural gas industry expansion and new crude oil pipeline construction – it says both need help to ensure "continued energy prosperity" for the province.
Surrey North Delta Leader: Satellite aboriginal reserves a 'huge concern'
The province is asking the federal government to tread cautiously with its proposal to let First Nations set up satellite reserves within cities that may circumvent local planning and taxes.
Vancouver Sun: BC businesses give about $315 million to charity each year: study
Businesses in B.C. give an estimated $315 million a year to charitable causes, according to a study commissioned by the Business Council of B.C.
Vancouver Sun: B.C. offers lower LNG investor tax rates
The B.C. government will soon find a "sweet spot" tax rate to be applied to energy firms that go ahead with plans to invest billions of dollars in liquefied natural gas production in the province, Natural Gas Development Minister Rich Coleman said Monday. There are more than 10 proposed LNG projects in B.C., including a plan by Malaysian state energy company Petronas to invest $36 billion in a pipeline and an LNG plant near Prince Rupert.
24 Hours, Bill Tieleman: Collaboration key to a better B.C.
If there's just one thing everyone in British Columbia politics could agree on, it's that we can't be friends. From business and labour, to environmentalists and natural resource companies, to First Nations and anti-poverty groups, it's clear this province is definitely not home to sweet harmony. Confrontation always seems to beat co-operation. That's why it's so shocking when something astonishing happens here, and I was fortunate enough to witness it.
Vancouver Sun, Don Cayo: Civility in public discourse is worth pursuing
The concept that the angriest voice wins is a perversion of democracy. The idea that self-serving, selfappointed loudmouths have a greater claim to speak for the majority than duly elected representatives is, when you think about it, absurd and repugnant. But so is smarmy backroom wheeling and dealing by those with money and/or influence.
Vancouver Sun: First Nations need to share in B.C.'s future resource boom
Last Wednesday, the BC Business Council produced a report called BC Agenda for Shared Prosperity. In it, they argue that new levels of collaboration and more equitable sharing of the benefits of resource development are necessary if B.C. is to prosper. While they do not single out First Nations, they certainly mention them as one of the groups of people who are failing to get their fair share of the benefit of economic activity.
Global BC, Keith Baldrey: Discord among British Columbians is harming province’s economy
British Columbia has long been known as a polarized province, where public debate and discourse is characterized by everyone seemingly having opposite views on many things. But a new study by two major business groups suggests that continued approach will spell disaster for the provincial economy, and that the two solitudes had better start listening to each other if we want the province to prosper. The report, entitled “The B.C. Agenda for Shared Prosperity,” was completed after a year of study by the Business Council of B.C. and the B.C. Chamber of Commerce. It contains 60 recommendations on how to improve the economy, but its central theme is that groups that are normally locked in combat have to start working together.
Vancouver Sun: Moving beyond resource exports
Emerging economies, especially those on B.C.'s doorstep in the Asia-Pacific, represent potentially the most earth-shaking development in capitalism's history, say analysts. But can Canada be a player or will we sit on the sidelines? Can Vancouver, as one prominent analyst suggests, be the natural location-of-choice for many of the emerging Chinese, Indian and southeast Asian corporate giants looking for North American headquarters?
Vancouver Sun, Editorial: Collaboration will help BC prosper
It is time for diverse groups within B.C. society to kiss and make up and work to find common ground on economic development. Too often public debate in B.C. is polarized, pitting environmentalists, labour and the corporate community against one another.