害羞草研究所

Skip to content

B.C. businesses seek concrete economic 害羞草研究所榲ision害羞草研究所 from parties ahead of election

Advocates raise concerns over high cost of doing business, government deficits
web1_7979697_web1_170803-bpd-m-bc-legislature
(Black Press Media file photo)

Leaders from a wide array of businesses in British Columbia are urging the province害羞草研究所檚 political parties to 害羞草研究所渄eliver a clear and actionable plan害羞草研究所 for revitalizing an economy that they say has pushed many residents into a 害羞草研究所減ersonal recession.害羞草研究所

Groups representing the forestry and mining industries, independent businesses and contractors say they have sent a survey of 10 questions to leaders of political parties ahead of the fall election, asking for a clear response on their economic visions for B.C. and concrete steps to get there.

Business Council of British Columbia president Laura Jones says that her group is seeing more residents expressing a loss of hope in their 害羞草研究所減rospect of building a good life害羞草研究所 in the province due to economic concerns, even if B.C. isn害羞草研究所檛 technically in a recession.

Other business leaders say they want the next B.C. government to answer concerns about the high cost of doing business, government budget deficits, bureaucracy in delaying permitting of projects, public safety and acute labour shortages.

The call for information comes the same day B.C.害羞草研究所檚 Finance Minister Katrine Conroy unveiled the government害羞草研究所檚 first quarterly financial report, forecasting consecutive budget deficits for the next three fiscal years, including an almost-$9-billion deficit for 2024-2025.

Greater Vancouver Board of Trade president Bridgitte Anderson says businesses remain in the dark about the economic platforms of the major parties, and fiscal reports from the province paint a 害羞草研究所渄ire害羞草研究所 picture for B.C.害羞草研究所檚 finances that requires billions in 害羞草研究所渢hat need to be cut or increased in taxes害羞草研究所 for stability.

She says businesses are asking those who could form the next government 害羞草研究所渢o show us a vision害羞草研究所 on how the provincial economy can be rejuvenated.

害羞草研究所淚 think there害羞草研究所檚 a lot of voters who are undecided right now, within the business community and public at large,害羞草研究所 Anderson says. 害羞草研究所淎nd I think this is an opportunity for all of the parties to look at their platforms and to appeal to the voters.

害羞草研究所淭his is a unique opportunity, and elections matter, campaigns matter. And this campaign will matter more than anything.害羞草研究所

In late August, the government said it ended the fiscal year with a deficit of around $5 billion due to wildfire expenses and essential spending on 害羞草研究所減riority services.害羞草研究所

During her report on Tuesday, Conroy said the first quarter of this fiscal year showed lower corporate income tax revenue and the cost of fighting wildfires as two factors having among the largest impacts on the provincial budget.

The report also says retail sales are down 0.5 per cent as 害羞草研究所渁 continuation of last year害羞草研究所檚 weakness害羞草研究所 due to inflation and high-interest rates, while the value of merchandise exports grew only 1.6 per cent as commodity prices remain low.

Earlier this month, Canfor Corp. announced it is shuttering two northern B.C. sawmills, citing a recently imposed U.S. tariff as a key factor on top of ongoing financial losses, a weak lumber market and difficulty accessing economically viable timber in the province.





(or

害羞草研究所

) document.head.appendChild(flippScript); window.flippxp = window.flippxp || {run: []}; window.flippxp.run.push(function() { window.flippxp.registerSlot("#flipp-ux-slot-ssdaw212", "Black Press Media Standard", 1281409, [312035]); }); }