Business Council of British Columbia – Migration in Canada: Older Move to Coastal Regions…and Younger People to Alberta

 November 26, 2018 /  Darryl Schmidt /  BC, Business, News /  No Comments

Migration in Canada: Older Move to Coastal Regions…and Younger People to Alberta By Ken Peacock It is frequently asserted that Canadians from other provinces move to B.C. to retire.  The influx of people into retirement communities on Vancouver Island and the Okanagan would seem to validate this claim.  But looking at the data, is it true that B.C. receives a disproportionate number of retirees?    The answer is yes.  But there are some qualifiers.  The first figure below shows net interprovinci …


Business Council of British Columbia – Population Aging and Tax Policy

 November 20, 2018 /  Darryl Schmidt /  BC, Business, News /  No Comments

Population Aging and Tax Policy By Kristine St-Laurent For the first time in our country’s history, there are now more Canadians over the age of 65 than there are people under the age of 15. The latest Census counted 5.9 million people aged 65 or older, compared with 5.8 million under 15 years.  As we look to the future, the share of individuals 55 years and older will continue to climb (Figure 1). By 2036, this group is forecast to almost equal the size of the core working age population (aged …


Business Council of British Columbia – Guest Author: The Future of Decision Making

 November 13, 2018 /  Darryl Schmidt /  BC, Business, News /  No Comments

Guest Author: The Future of Decision Making By Judi Hess, CEO, Copperleaf Guest author Judi Hess is the CEO of Copperleaf, one of the top 20 biggest software companies in British Columbia.  Judi was recognized by the BC Tech Association as Person of the Year in 2018 and is a guest speaker at the Business Council’s 2018 BC Business Summit, taking place November 16 in Vancouver.   How important is it for businesses to make better decisions? As someone who’s been leading technology companies …


Business Council of British Columbia – Which Countries Gain the Most by Employing “Golden Age” Workers?

 November 5, 2018 /  Darryl Schmidt /  BC, Business, News /  No Comments

Which Countries Gain the Most by Employing “Golden Age” Workers? By Kristine St-Laurent In common with most industrialized countries, Canada’s population is aging at an accelerating pace due to lower fertility rates and longer life expectancies. The combined effect is transforming population structures across Canada (and many other countries).  As populations age, countries will have to rely more heavily on productivity growth and increased labour force participation from underrepresented groups …


Business Council of British Columbia – B.C. Manufacturing Sector Expanding…But Faces Headwinds

 October 31, 2018 /  Darryl Schmidt /  BC, Business, News /  No Comments

B.C. Manufacturing Sector Expanding…But Faces Headwinds By Ken Peacock Manufacturing is an important and sometimes underemphasized part of the British Columbia economy. In relative terms, the manufacturing sector in B.C. is somewhat smaller than in other provinces, but it is also resilient and diverse.  Manufacturing activity, particularly in the resource space, is cyclical, but output in the broad sector continues to trend higher.  Over the long-term, the number of people working in manufacturi …


Business Council of British Columbia – So Far, So Good…But Proceed with Caution: An Update on B.C.’s Fiscal Picture

 October 17, 2018 /  Darryl Schmidt /  BC, Business, News /  No Comments

So Far, So Good…But Proceed with Caution: An Update on B.C.’s Fiscal Picture By Jock Finlayson and  Kristine St-Laurent Last month, B.C. Finance Minister Carole James wrapped up the NDP’s first full financial year and provided an update on the government’s books through the first quarter of 2018-2019. Here’s what you should know.  The Good News Despite a turbulent year that included B.C.’s worst ever wildfire season and growing global trade tensions, the B.C. economy posted decent growth and t …


Business Council of British Columbia – Breaking the cycle of poverty through education, partnership: How the federal government’s new poverty reduction strategy calls upon British Columbians to ac

 October 15, 2018 /  Darryl Schmidt /  BC, Business, News /  No Comments

Breaking the cycle of poverty through education, partnership: How the federal government’s new poverty reduction strategy calls upon British Columbians to ac Guest author Josh Pekarsky is currently a volunteer with Pathways to Education and works to increase awareness about the program in British Columbia.   Providing youth with quality education is critical to the federal poverty reduction strategy. Educational Indicators Canada’s educational indicators rank at or near the top of all Orga …


Business Council of British Columbia – Global Electric Renewables

 October 11, 2018 /  Darryl Schmidt /  BC, Business, News /  No Comments

Global Electric Renewables By Denise Mullen The data is clear:  transitioning to a less carbon-intensive global energy system is necessary if the world is to have any prospect of addressing climate change. The process is underway, and although renewables still make up a relatively small percentage of total global energy production and consumption,[1] their contribution is growing — and doing so at a brisk pace, as shown in Figure 1. Figure 1:  Total EJ (10^18) and Percent of Renewable Ene …


Business Council of British Columbia – Hot Jobs: B.C.’s Labour Market Outlook to 2028

 October 9, 2018 /  Darryl Schmidt /  BC, Business, News /  No Comments

Hot Jobs: B.C.’s Labour Market Outlook to 2028 By Jock Finlayson For those interested in the hottest job trends, the provincial government’s new Labour Market Outlook is worth a look. Over the next decade, the government is forecasting a total of 903,000 job openings in B.C.  More than 600,000 will result from current workers transitioning into retirement.  Many of these positions can be filled by younger cohorts, but that won’t be enough to produce warm bodies for all of the anticipated vacanci …


Business Council of British Columbia – A ‘Boost’ Up the Income Ladder: The Role of Income-Based Tax Credits

 October 7, 2018 /  Darryl Schmidt /  BC, Business, News /  No Comments

A ‘Boost’ Up the Income Ladder: The Role of Income-Based Tax Credits By Kristine St-Laurent The Income Ladder   Addressing income inequality is an important challenge for policymakers and communities. Establishing a consumption floor below which no person falls is a policy goal in many jurisdictions.  Of course, even poor Canadians would be considered well-off compared to people in the developing world.  But relative poverty is still present in Canada.  In responding to this issue, there is a gr …



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