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B.C.’s economy is No. 1, GDP numbers confirm

It has been a lengthy wait, but the release of provincial gross domestic product (GDP) estimates confirmed our expectation that B.C. indeed led the country in economic growth in 2015. Provincial GDP expanded 3% last year, compared to 0.9% nationally, and aligned with...

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Canadian forestry finding its footing despite market challenges

The good news is that market conditions and profits are improving for Canadian lumber and pulp and paper producers. The recent numbers are promising.  First-quarter financials show that B.C.’s major forestry companies have been posting increased earnings, thanks to...

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A look inside B.C.’s booming April job numbers

  In April, British Columbia's unemployment rate dropped to a stunningly low 5.8% — the first time the province’s unemployment rate has been the lowest in the country since Statistics Canada began collecting comparable data in 1976. The highest job growth by far...

wine 400x250 - Blog

New Brunswick court decision could help expand market for B.C. wines

A decision by a provincial court judge in New Brunswick is expected to open up new markets in the rest of Canada for B.C.’s wine industry. On April 29, New Brunswick judge Ronald LeBlanc threw out the law preventing residents from that province from importing beer and...

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Another tough year ahead for oilpatch, but recovery is on its way

If Canada’s oil and gas sector can survive another tough year, good times will return in 2017 and revenue and profit could soar by 2020, according to the Conference Board of Canada. Profits are expected to increase from less than $1 billion in 2017 to more than $5...

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Don’t expect Vancouver real estate to cool anytime soon: Central 1

The real estate market in Vancouver is going through the roof, and this is expected to continue through 2018, according to a Central 1 forecast released April 19. So far this year, Central 1 said, sales in Metro Vancouver alone have outperformed the credit union’s...