Ken Peacock

Tax regime undermining B.C.’s ability to compete for top tech talent

B.C.’s diverse advanced technology industry, and professional, scientific and technical services more broadly, have been expanding rapidly over the past decade. The pandemic accelerated many of the...

Spring slowdown obscures sunnier outlook for B.C. jobs market

Statistics Canada’s latest Labour Force Survey confirms that the rebound in employment from the COVID shock stalled over the spring. Nationally, the labour market shed 275,000 jobs in April and May...

Provincial government needs to do more to buoy B.C.’s per capita GDP

Back in the Great Recession, real per capita GDP in B.C. fell for two consecutive years so that by 2009 it was 4.7% lower than in 2007. This means that adjusted for inflation, the output of all...

Canada, U.S. likely to apply brakes to post-pandemic inflation

While Canada seems unable to put the COVID-19 health crisis behind it, around the world economies are rebounding and the overall global outlook has improved. The April 2021 forecast from the...

Real estate rolling on rock-bottom costs of borrowing

Royal Bank economists recently published an update on the Canadian housing market. The findings are remarkable, considering the country is still mired in an epic health crisis, and there is much...

Less public debt, more private sector help key to Canada’s recovery

As Finance Minister Chrystia Freeland works to develop the federal government’s 2021 budget, she faces conflicting pressures and numerous constraints. To start, the country is still grappling with...

COVID’s creative destruction is cause for productivity optimism

Amid the human carnage and economic pain caused by the COVID-19 calamity, it is tempting to search for silver linings. One that is attracting interest among some economists is the prospect of a...

Stimulus, megaprojects buoy B.C. labour market during pandemic

As we reflect on the last 12 months, it’s an understatement to say 2020 is shaping up to be an extraordinary year, and not in a positive sense. The coronavirus and the resulting shuttering of...

Long-term recovery hinges on reshaping B.C. business environment

As Premier John Horgan puts the finishing touches on his new cabinet following the BC NDP’s decisive election win, he will be under pressure to reflect the priorities of the various elements of his...

Pandemic turns tables on industries hit hardest in previous recession

Following massive job losses in March and April, the number of people working in the province has been rebounding for five months now, punctuated by a healthy 55,000 jump in September. True,...