Economy

Beggar-thy-neighbour politics in Metro Vancouver

Mar 13, 2009
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Surrey Mayor Dianne Watts made the news this week calling for property-tax-free zones in Surrey to attract new business to her city. Of course, in a climate where businesses are not making new investments, this will at best lure businesses from other parts of Metro Vancouver. Economists call these beggar-thy-neighbour policies because you can only… View Article

BC unemployment rate surges to 6.7% (updated)

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The hurt is on. After jumping to 6.1% in January, the ranks of BC’s unemployed swelled by 14,200 in February, pushing the unemployment rate to 6.7%, its highest level in five years. Given that February is the shortest month of the year, one can only imagine how bad things would have gotten had it been… View Article

Following the money in BC communities

Mar 12, 2009
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It is one of those publications that few media outlets will report on, and even fewer British Columbians will read, but BC Stats just released the latest version of its Local Area Economic Dependencies, updated based on 2006 census data. This publication basically asks where the income in various BC communities comes from. In many… View Article

Bioenergy – Catching on like a house on fire or set for slow burn?

Mar 11, 2009
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As the global economic meltdown and in particular the US housing market collapse continues to savage BC lumber producers, government leaders boldly predict that wood-fired energy – “bioenergy” – will ride to the rescue of a shell-shocked industry and brutalized rural, resource towns dealing with soaring unemployment rates. February’s Speech from the Throne is a… View Article

Pining for some straight talk

Mar 6, 2009
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BC Forests Minister Pat Bell grabbed plenty of headlines this week when he said that the threats posed to resource communities by the mountain pine beetle infestation may be overstated. Stories about a rapid deterioration in the quality of trees attacked by the beetles, Bell suggested, are wrong. In fact, the minister said, he expects… View Article

Memo to Colin Hansen: Time for forest industry reality check

Mar 2, 2009
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If Finance Minister Colin Hansen’s budget forecasts are right, British Columbia’s battered forest industry is in for a modest recovery this coming fiscal year and a more robust recovery in 2010/2011. Gian Sandhu isn’t buying it. Owner of the Jackpine Group of Companies in Williams Lake, Sandhu was a leading light in British Columbia’s interior… View Article

Axing the Forest Service: The Cuts Continue

Feb 27, 2009
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Well it looks like they’re getting ready to wield the axe yet again at the Ministry of Forests, and that the latest victims will join a long list of their sisters and brothers whose jobs were to protect the public interest and ensure that our publicly owned forests were responsibly managed. In its latest annual… View Article

“The (not so) slow de-industrialization of the province”

Feb 26, 2009
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Yesterday, Catalyst Paper announced the closure of the Crofton kraft pulp mill, a week after shutting the doors at its 350-employee mill in Campbell River and “restructuring” (laying off 127 workers) at its Powell River facility. That’s 850 job losses in basically one shot. It is not the first shot, either, and it definitely won’t… View Article