BCBC In The News
Global BC/CP: Heavy Lifting required to fill looming BC labour shortage
Shipbuilding contracts, new liquefied natural gas plants and a booming mining sector are being hailed for keeping British Columbia afloat as worldwide economies falter, but they bring along a topsy-turvy problem.
Jobs are expected to abound here in the next decade, but there won't be enough trained workers to fill them.
Recognizing a looming labour shortage in industries from construction to natural resources, the provincial government has embarked on a mission to make blue-collar work more attractive.
Globe and Mail: Mayors call for more revenue sources
When B.C.’s local government leaders gather in the provincial capital next week, they’ll tackle the heady issues of oil-tanker traffic, cannabis laws and shark-fin soup. But the core debate will be on a pragmatic topic – taxes.
The mayors want to pry new sources of revenue from the province, saying they need to deal with growing costs from provincial and federal offloading.
But the province says municipal spending needs to be reined in before the door is opened for new taxation powers.
Vancouver Sun: Despite some hard knocks, Japan remains an important economy for B.C. businesses
Poor Japan. Just three years ago it was the world’s second-largest economy. Now that China has taken over the No. 2 spot it seems like the world has forgotten it. And given that Japan is still the world’s third-largest economy, with gross domestic product of $5.689 trillion US, and more than 125 million people, forgetting it would be a mistake. “It has been supplanted by China in recent years (but) I would not dismiss Japan,” said Jock Finlayson, executive vice-president with the Business Council of British Columbia. “It’s still a very wealthy economy and it has a high level of consumption and that’s obviously important to us as a resource and industrial raw material producer.”
Vancouver Sun: City has potential to attract Asian HQs, executive says
Vancouver has the potential to attract head offices for Asian companies seeking a stronger North American presence, according to an executive with a U.S.-based company that fosters corporate moves.
Vancouver Sun: Christy Clark wants a bigger piece of the pipeline pie for BC
HALIFAX — B.C. Premier Christy Clark says her government will not sign onto any national energy strategy until British Columbia’s dispute with Alberta and the federal government over the Northern Gateway oil pipeline is resolved.
Jock Finlayson: Canada's economy is headed for a rough ride (Vancouver Sun)
This summer marks the third anniversary of the economic recovery that began following the 2008 global financial crisis and recession that descended upon much of the world in its wake. By any measure it has been a subdued economic rebound, particularly for many of the “advanced” countries that belong to the Organization for Economic Cooperation and Development (OECD).
Business in Vancouver: Red tape hampering LNG market access
Declaring natural gas to be clean energy could help oil and gas companies in Canada get a jump on competitors vying for liquefied natural gas customers in Asia.
Vancouver Sun: Big in Japan...and beyond
Viewed from outside the province, British Columbia has assets few large-scale, energy exporters can offer. A stable democracy. A trans-parent set of rules for conducting business. Solid, reliable infrastructure. But B.C. still has some big issues to resolve.
BC Business: The Economics of Embracing Workplace Diversity
The B.C. workforce is undergoing a significant change, its makeup finally reflecting the diversity of the province. Employers can ignore it and fade into irrelevance, or tap into a rich pool of skills and new perspectives.
BC Business: BC Industries' Mixed Fortunes
Exports buoy resource sectors, while retail awaits signs of recovery.(Return to B.C.'s Top 100 of 2012.) Predominantly through accidents of geography and settlement patterns, B.C. has always found itself at the end of one thing and the start of another. The westernmost province in Canada is a gateway for trade with the Pacific Rim, and with its calling card once again presented to the world during the 2010 Winter Olympics, many wondered what 2011 would bring.
Vancouver Sun: BC's energy sector confronts big opportunnities, big risks
Big opportunities, big risks, big headaches. All three loom as gas and oil producers, utilities, politicians, voters and others at all levels wrestle to impose a sense of order on an energy sector boom that’s expected to reshape the economic landscape not only in British Columbia, but around the world.
Vancouver Sun: BC's pollution-fighting carbon tax to increase 1 cent on Canada Day
British Columbia's pollution-fighting carbon tax is set to rise another penny on Canada Day, adding almost seven cents to the cost of a litre of most fuels.
Jim Prentice: Expanding export markets a 'defining opportunity' for Canada (Vancouver Sun)
The time has come when Canada must diversify beyond its traditional U.S. energy export markets and seek new ones, specifically those in the Asia Pacific. British Columbia is the gateway to those new and expanding markets and the alignment between Asian demand and Canadian supply makes 2012 B.C.’s moment.
Vancouver Sun: Natural gas: Managing our bounty
A projected trillion-dollar economy emerging around British Columbia’s natural gas sector is too important to be left to chance, according to a wide array of observers who say it’s time for an in-depth conversation on the province’s emerging role in the global energy economy.
Globe and Mail: BC Liberals declare natural gas a clean energy source
The B.C. Liberal government is deeming natural gas a “clean” source of energy to clear the way for the development of a liquefied natural gas extraction project in northern British Columbia, reversing a key environmental policy of the Gordon Campbell era.
Vancouver Sun: Large Chinese bank debuts in Canada
One of China's largest banks, the Agricultural Bank of China, is opening its first Canadian office in Vancouver as part of a drive to increase China-North America trade.
Globe and Mail: Universities and colleges wait to see where axe will fall in BC
This summer, the woman whose audits exposed high spending at BC Ferries, BC Hydro and the Vancouver School Board is turning her sights on British Columbia's post-secondary institutions.
Vancouver Sun: Stakeholders wary of slippery slope that comes with changes to Fisheries Act
A seasonal stream flowed through Larri Woodrow's one hectare hobby farm in the north Langley neighbourhood of Walnut Grove. Although the property, purchased in 1970, was outside the agricultural land reserve, Woodrow personally favoured the area remaining rural. But that's not what happened.
North Shore News: West Van business tax rates criticized
A West Vancouver commercial property owner says businesses in West Vancouver are paying more than their fair share of the district's tax burden. William Evans, owner of a multi-unit building in the 1800 block of Marine Drive, has written a letter to council, pointing out that his property tax notice this year came to about $38,231 on a building assessed at just under $3 million. Evans compared his tax bill to six randomly selected residential properties that are similarly valued.
The Province: Homeowners pay for councils' inability to budget
Are we paying too much property tax in Metro Vancouver? Well, a new report confirms that municipal spending in the region in recent years has been way out of line with what's reasonable . . . or what's occurring in the real work world.