Economy

BC’s soaring EI claims

Apr 28, 2009
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Today’s Statistics Canada release features the latest (February 2009) stats on Employment Insurance claims. From February 2008 to February 2009, the number of EI beneficiaries is up 69%. And the number is up 11.6% just between January and February. More evidence that the BC economy is in much worse shape than the major political parties… View Article

Oh, about that recession …

Apr 27, 2009
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BC’s recession started in 2008. That is the upshot of today’s release of Statistics Canada’s Provincial Economic Accounts, which provides the first estimates of BC’s GDP for 2008. Unlike national data, which are provided quarterly and on a timely basis, we have to wait about four months to tally the various provincial beans. These numbers… View Article

The NDP Platform and BC’s Economic Challenges

Apr 20, 2009
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Below is an oped of mine that was done at the request of the Vancouver Sun and that ran in today’s paper. Unfortunately, for reasons that are not entirely clear, the last two paragraphs were cut off, leaving the oped hanging. I put them back in below, and have requested that the online version be… View Article

The devil take the hindmost

Apr 15, 2009
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In an earlier post I talked about the fact that when New Brunswick raised its minimum wage this spring, BC would be tied in last place for the lowest minimum wage in Canada. NB raised its minimum wage today and now BC, with the highest cost of living in Canada, is tied with two provinces… View Article

March unemployment hits women and young

Apr 10, 2009
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There is an interesting side story to the information that came out last week showing a big jump in unemployment in BC. Almost all of the increase was among two groups – women and young people. The overall unemployment rate jumped from 6.7% to 7.4%. The increase for men over the age of 25 was… View Article

Unemployment surges again in March

Apr 9, 2009
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Just in time for a heated election campaign, the latest unemployment numbers paint a grim picture for BC. Just a year ago, BC was coasting along with an unemployment rate of just over 4%. By the end of 2008 that had crept up to 5%. And now a truly brutal first quarter that saw the… View Article

A whole lotta waste goin’ on

Apr 3, 2009
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Last week, research I completed for the CCPA was released suggesting that in the last five years alone the forest industry in this province has managed to leave 17.5 million cubic metres of usable wood behind at logging operations. Loaded onto logging trucks, you could fill a cross-Canada convoy just about twice with that material…. View Article

Happy April fools day. Welcome TILMA

Apr 1, 2009
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As of April 1st, the people elected to run our municipalities and school boards had better think twice before they make a decision that might affect the profits of a corporation. On April 1st the Trade Investment and Labour Mobility Agreement (TILMA) between Alberta and British Columbia comes into full force. Its implications are far… View Article

Is the stimulus killing the P3 model?

Mar 27, 2009
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While BC has not formally abandoned the P3 model, there is a notable absence of new P3 projects at a time when billions of dollars are being channeled to infrastructure spending. If P3s really provided value for money and brought the benefits of private sector efficiency and innovation to the delivery of public-sector infrastructure, then… View Article