Bryan Yu

B.C. retail spending rises to pre-pandemic levels

Retail spending in B.C. rose for a third straight month in July as consumers re-established shopping habits while an active housing market and domestic tourism further lifted spending. Total sales...

New home construction gains strength in B.C.

B.C. housing starts picked up traction in August with levels climbing to an annualized rate of 42,564 units. This was the first time starts exceeded 40,000 units in back-to-back months since late...

Job market continues its sluggish recovery

Labour market conditions in B.C. improved in August but the pace of recovery disappointed. Employment increased 0.6% to 2.389 million persons, compared to 3% in July and 5.4% in May. Metro Vancouver...

B.C. small-business confidence nudges upward

Business confidence among B.C. small and medium-sized enterprises (SMEs) edged higher in August, according to the Canadian Federation of Independent Business. Its Business Barometer Index, which...

A summer retail and real estate recovery

June retail sales in B.C. rose to pre-pandemic February levels. Sales came in at a seasonally adjusted $7.37 billion, up 12.7% from May as more businesses reopened after pandemic closures. Activity...

B.C. employment rises 3% as recovery continues

B.C.’s economic recovery progressed in July following a pandemic-driven collapse during the spring as the economic restart lifted rehiring. Provincial employment rebounded another 3% (or 70,200...

Economy continues climbing out of deep hole

The long road to economic recovery for Canada started in May as production increased after two months of historic declines. According to Statistics Canada’s industry GDP estimates, the economy rose...

Most retail sectors gain as spending surges in restart

Despite persistence of high levels of unemployment due to the pandemic, Canadian retailers are experiencing a ‘V’ shaped recovery. May spending surged and early data points to a return in June to...

B.C. on track for record budget deficit

B.C. government finances are set for the largest deficit on record this year as COVID-19 and required efforts to stem the health crisis ravage revenues and boost expenses. Under the government’s...

Restart boosts B.C.’s employment numbers

B.C. employment growth aligned with the national improvement in June as Phase 2 of the province’s restart plan in effect since May 19 lifted rehiring. Reopening of restaurants, various personal...