PST expansion set to hurt B.C. businesses Professional services such as accounting, security to be taxable in the province starting in October

Most B.C. businesses to feel effects of the province’s planned PST expansion to professional services, including accounting and security.
#BCpoli #BCecon

www.biv.com/news/pst-exp...

Big grocers' sales flatline in Metro Vancouver as local upstarts flourish Grocers in Coquitlam, Burnaby, Richmond, Surrey and Vancouver bet on growth, aiming to compete with industry giants

Plenty of new grocery stores set to open in Metro Vancouver.
The 10-store Sungiven Foods Canada having the most ambitious target: 15 more Metro Vancouver stores by 2029. That includes "at least" two more this year.
Check out my look at that and others:
#grocery #retail #BCecon

In news that might have been expected, Moody's downgrades B.C.'s credit rating.
#BCecon
www.biv.com/news/economy...

Consent based decision-making causing prospectors delays, hardship Uncertainty grows over the impact of expanding indigenous land rights on the mining and prospecting businesses.

The David Eby NDP are destroying BC. They need to be voted out of office, and #DRIPA needs to be repealed.
#BCnews #BCpoli #cdnnews #cdnpoli #BCecon #cdnecon #mining #cdnsecurity #repealDRIPA

B.C. hospitality industry sees growth split along K-shaped lines Customers in B.C. increasingly want either premium experiences or discounts, according to operators

Here's how restaurants, hotels and airlines are making business decisions thanks to the K-shaped economy, where rich spend lavishly and others become more frugal.
#Kshaped #hospitality #BCecon

How the K-shaped economy is splitting B.C. retail Increased income gap strains life for consumers, alters strategies for businesses

Evidence shows the K-shaped economy is real, with wealthier people spending lavishly, while most others look for bargains and trade down.
This impacts business decisions as well as people’s lives.
#retail #BCecon

www.biv.com/news/how-the...

How BC’s New Economic Plan Gets It All Wrong | The Tyee The government’s ‘Look West’ strategy doubles down on resource extraction at the expense of smarter spending.

How #BC's New Economic Plan Gets it all Wrong by @policyalternatives.ca senior economist @marclee.bsky.social #bcecon thetyee.ca/Opinion/2025...

Not a good look: BC’s new environmentally destructive economic plan - CCPA Look West is the Government of British Columbia‘s newly minted economic strategy. Premier David Eby is calling it a plan to attract $20 billion of investment from the federal government and private se...

The BC government’s new “Look West” economic plan doubles down on resource extraction—while ignoring sectors of the economy that could have a larger impact on well-being. By @marclee.bsky.social @policyalternatives.ca #bcecon
www.policyalternatives.ca/news-researc...

How significant is B.C.'s population decline and should we be worried? - Ryan Price - Sound Bites | iHeart <p>Werner Antweiler, the Associate Professor & Chair, Strategy and Business Economics Division<br>Chair in International Trade Policy, at the UBC Sauder school of business, joins Ryan. </p>

How significant is B.C.'s population decline and should we be worried? #BCnews #BCecon

Werner Antweiler from the UBC Saunder School of Business joins @ryanpricevictoria.bsky.social:
www.iheart.com/podcast/962-...

#bcjobs
#bcecon
#bcpoli

How Oxygen8 turned the pandemic into exponential growth Ventilation company grew revenue 11,104% in four years to become B.C.’s fastest-growing company

I looked into B.C.'s fastest-growing company between 2020 and 2024: Oxygen8.
Their 11,104-per-cent revenue growth rate is staggering.
Less surprising may be that they sell ventilation systems - products increasingly viewed as important since the pandemic.
#BCecon

Economist weighs in on B.C. ending the 2024 fiscal year with a $7.3B deficit A recent provincial update showed the fiscal year's final deficit came in at $7.3 billion, $564 million lower than expectations. Marc Lee, a senior economist with the Canadian Centre for Policy Altern...

ICYMI: "@marclee.bsky.social, a senior economist with @policyalternatives.ca, said it makes sense that B.C. is in a deficit at a time of economic uncertainty due to U.S. tariffs, and that the situation could change quickly." #bcpoli #bcecon #CanadaUSTradeWar www.cbc.ca/player/play/...

B.C. sees fewer international visitors for fourth straight month The 7.4 per cent decline in international visits to B.C. in May follows declines in February, March and April

Ominous sign for B.C. tourism as the province sees fewer international visitors through its entry points for the fourth straight month y/y.
#tourism #hospitality #BCecon
Some evidence points to this continuing.

Why B.C. brewers want government to change how they are taxed Proposed change to government taxes would be revenue-neutral, brewers say

Why B.C. brewers want government to change how they are taxed
#Bcpoli #beer #taxes #BCecon

Vancouver hotels remain priciest among major Canadian centres The city's average hotel room rate in June was $335.74.

Vancouver hotels remain most occupied and priciest among major Canadian centres, though year-over-year pricing in June was about as flat as it gets: up only 0.1 per cent.
#travel #tourism #hotels #BCecon
www.biv.com/news/hospita...

Strong Vancouver data helps B.C. top Canada for retail sales growth Vancouver saw a nine per cent jump in retail sales in May, compared with May 2024, by far bettering other large Canadian metro areas.

Good to see B.C. lead Canada for retail sales growth y/o in May, led by a huge jump in those sales in Metro Vancouver.
#retail #BCecon
www.biv.com/news/retail-...

Lululemon to expand headquarters to large space at CF Pacific Centre The nearly 300,000-square-foot space is currently occupied by Microsoft.

Major expansion for Lululemon as it has signed a deal to lease nearly 300,000 square feet of office space at CF Pacific Centre, replacing Microsoft
#YvrRE #retail #BCecon

B.C. wine industry squeezed by inflation, trade barriers, tariffs Canada’s response to U.S. tariffs has increased winemakers’ costs, at a time when data shows consumers are buying less wine

Crushing tariffs, soaring costs are squeezing businesses in B.C.’s wine industry
Winemakers, agents who import and resell wine and even retailers are facing pressure on multiple fronts.
#BCwine #wine #BCecon
Check out my look at the sector:

B.C. visits to U.S. continue to plunge Cross-border air-passenger traffic was down in May; land crossings have seen steep declines since January

New data for passenger vehicles heading south to the U.S., and YVR flight data, show much less travel across the Canada-U.S. border from B.C.

#travel #tourism #BCecon

B.C. tourism sector braces for summer with fewer cruises, more staycations Strong year still expected for local operators, despite Canada-U.S. tensions.

Check out my look at why Vancouver tourism-destination executives cautiously predict a banner season this summer, despite some signs pointing to a drop in visitors compared with last year
#tourism #hospitality #BCecon

BCGEU accuses Vancity of shifting values, betraying credit union roots 'Fair' compensation and a pension plan co-managed by worker trustees is at core of contract talks now in mediation

Why the BCGEU is accusing Vancity of shifting values, betraying credit union roots

#BClab #BCecon #finance

U.S. organizations cancel corporate events in Vancouver Rationale said to be a desire to support U.S. economy, and to accommodate U.S.-based non-citizens who do not want to leave country for fear of not being allowed to return

Here's why U.S companies are cancelling large Vancouver corporate events.
Multiple sources said at least five of those events have been cancelled in recent months.
#BCecon #events

Acquisitions fuel Premium Brands growth to record Q1 revenue Sales set to reach up to $7.4 billion this year after steady growth through the decades

Acquisitions fuelling rapid growth at B.C.'s sixth largest public company as Premium Brands records record Q1 revenue.
#retail #manufacturing #BCecon

More non-stop flights help spur mainland Chinese visits to B.C. Mainland Chinese visitors are important because they were the highest-spending international visitors pre-pandemic

Here's how more non-stop flights between Vancouver and mainland China are fueling a rise in Chinese nationals' visits.
Those visits are important to tourism as those visitors tend to spend more than any others.
#travel #tourism #BCecon

Real estate investment startup admits to $26M in unregistered trading - The Logic Addy, a Vancouver-based startup, lets people invest in real estate for as little as $1. A B.C. regulator has fined it for trading securities without the right paperwork.

Vancouver-based firm has been hit with a $100,000 fine for trading securities without registration. thelogic.co/news/addy-fr... #Canada #BCecon #BCpoli

What You Need to Know about the BC Budget | The Tyee And why the big deficit and higher capital spending are the right response to Trump tariffs.

"The spectre of Donald Trump hangs over the budget like an uninvited guest making a mess at the dinner table." Read more about the #BC Budget from economist @marclee.bsky.social @policyalternatives.ca ➡️ #BCecon #BCpoli #CanadaUSTradeWar thetyee.ca/Analysis/202...

BC budget boosts deficit and capital spending in response to Trump tariffs—and that’s good thing - CCPA British Columbia’s 2025 provincial budget arrived just over four months after the October 2024 BC election but in the interim the world has changed. The post-election period featured the BC NDP initia...

New from @policyalternatives.ca: British Columbia's budget might be overshadowed by the Trump tariff crisis, but the province is making moves worth watching. By @marclee.bsky.social #BCecon www.policyalternatives.ca/news-researc...

B.C. exports to Mexico stuck in neutral even amid U.S. trade threats Despite mutual concerns over looming tariffs, B.C. and Mexico can't find the right gear to stimulate more trade

B.C. and Mexico share trade agreements and a continent, but commerce between the two countries is weak and withering.
Here's my look into why:
#mexico #BCecon

Worker support & capital reinvestment will build productivity says BCGEU - Island Social Trends Worker support & capital reinvestment will build productivity says BCGEU

Worker support & capital #reinvestment will build #productivity says BC General Employees' Union President Paul Finch. After listening to the BC Throne Speech yesterday, he hopes to see a BC Government economic development plan. islandsocialtrends.ca/worker-suppo... | #bcpoli #bcecon #cdnecon

Canadian One Bedroom Rents Feb/25
#kelowna #cmhc #cdnecon #bcecon