Economy

Swimming against the tide

Dec 7, 2022
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The challenge of higher interest rates and high household debt  The run-up of interest rates since March, led by the Bank of Canada in a bid to tame inflation, represents a substantial economic shock, one that is now pushing the country towards a recession. The bank’s overnight, or policy, interest rate is now at 4.25… View Article

Living wage increases highlight urgent need to expand government efforts on housing affordability

Nov 17, 2022
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Affordability has long been a concern for residents of Metro Vancouver—a region notorious for stratospheric housing costs—but with inflation shooting up to a 40-year high this year, the cost of living has become a much more pressing worry for many. Sticker shock at ever-rising grocery prices is now an all-too-familiar experience, but as prices soar… View Article

Shortchanging public sector workers is bad for BC

Jun 27, 2022
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Public sector workers are in the midst of difficult contract negotiations with the BC government. The workers are reportedly asking for wages to keep up with inflation, but the government hasn’t been willing to come to the table with an offer that reflects the rising cost of living. Public sector workers who have been keeping… View Article

A win for BC workers: single-step union certification

May 4, 2022
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The BC government recently introduced legislation that allows a majority of workers in a workplace to organize a union a little more easily, making it harder for employers to intimidate and interfere in organizing drives. That’s good news both for working people and for the quality of our democracy. Single-step certification simply means that if… View Article

Why increasing government spending makes economic sense

Feb 14, 2022
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Author’s note: The latest BC government throne speech promised “to help solve big challenges – like inequality and climate change – with growth that is inclusive and sustainable.” CCPA-BC will closely analyze the upcoming BC Budget to determine whether the government’s intention is backed by the increased levels of public investment needed to meet the… View Article

BC should look to zero waste solutions to reduce GHG emissions and create jobs

Jan 24, 2022
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British Columbia is ahead of most North American jurisdictions in implementing composting and recycling programs. Yet, we are systemically burdened by endless amounts of packaging, especially the mass proliferation of plastic, which is an environmental tragedy of our times. BC shares the core problem with other jurisdictions: a culture of consumption and an extraction-oriented economic… View Article