Bryan Yu

B.C. business confidence remains subdued

Small-business confidence in B.C. remained tepid, according to the Canadian Federation of Independent Business’ (CFIB) Business Barometer reading for June. The index in B.C. edged higher by 0.9...

B.C. housing starts reclaim some lost ground

B.C. housing starts regained some lost ground in May following a sharp April pullback, but the trend continued to decline amid the COVID-19 economic downturn. Urban starts in the province reached a...

Home sales begin to rise after COVID-19 collapse

Lower Mainland home sales rose in May following April’s COVID-19-caused collapse, but activity remained low as economic and public health concerns kept buyers and sellers on the sidelines. Sales in...

B.C. business confidence dips in May

Confidence at B.C.’s small and medium-sized businesses retreated during May’s second half. The Canadian Federation of Independent Business’ (CFIB)latest business barometer came in at 52.7 points,...

B.C. retail sales nosedive in March

Total retail sales in B.C. declined 4.6% from February to $7.01 billion, marking the deepest monthly decline since December 2008 and the lowest level since January 2018. Sales fell 3.2% from a year...

B.C. home sales suffer steep drop in April

Not surprisingly, housing activity fell sharply across the province in April. Demand was constrained by lower consumer confidence amid a plunge in the employment and increased economic uncertainty,...

Employment continues steep drop

As expected, Canada suffered another month of record-shattering job loss in April as containment measures to stem the spread of COVID-19 kept workers at home and shuttered workplaces temporarily,...

Optimism rises from pandemic depths

National small and medium- sized business confidence may be improving, albeit slightly, according to the latest Canadian Federation of Independent Business (CFIB) Business Barometer. The index,...

B.C.’s pre-pandemic retail was surging

The latest B.C. retail sales estimates are bittersweet. Sales rose strongly in February to mark a four-month upward trend. Of course, we won’t know if that improvement would have persisted given the...

Canadian GDP drops by 9% in March

How hard have the COVID-19 health crisis and containment measures hit the Canadian economy? The impact has been almost unimaginable. Statistics Canada produced a report for March to gauge the...