With shrinking GDP, downgraded credit ratings and runaway debt, economists say the BC government has lost control of the province's finances (The Orca)
There’s still another month before the BC government’s next budget update, but new data indicates it could be a fiscal bloodbath for the NDP government. Statistics Canada data released Thursday on the province’s economic growth shows it has shrunk over the last two years when adjusted for population, according to an analysis by the Business Council of BC. BC’s GDP per capita fell 1.8 per cent in 2024, which is the second-worst among provinces, council vice-president David Williams wrote in his analysis Tuesday. “BC’s economic performance over recent years has been poor, especially when considered in population-adjusted terms” ... CLICK HERE for the full story