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“I am a Canadian, free to speak without fear, free to worship in my own way, free to stand for what I think right, free to oppose what I believe wrong, or free to choose those who shall govern my country. This heritage of freedom I pledge to uphold for myself and all mankind.” ~~ John G. Diefenbaker

BUSINESS IN VANCOUVER: BC faces prolonged economic slowdown: Conference Board


 

Canada may avoid a full-blown recession, but it is facing a protracted economic slowdown, with B.C. expected to be hit especially hard due to higher mortgage lending rates and high consumer debt.

 

“There is a lot of fear about a deep recession coming in Canada, but we are only expecting a mild slowdown in the second half of the year,”  Richard Forbes, senior for the Conference Board of Canada, told BIV News.

 

According to the Conference Board’s new three-year outlook, B.C., along with most other provinces in Canada, is in for a protracted economic slowdown, with population growth – driven mainly by immigration – masking a fundamental lack of business productivity ...


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