British Columbia and Vancouver are expected to be the fastest growing provincial and metropolitan economies in Canada in 2018—continuing a five year stretch of exceptional growth. But the slowdown is already underway this year, and it will continue in 2019 and beyond.
The Conference Board of Canada is expecting Vancouver’s economy to grow of less than 3 per cent in 2018, after expanding by nearly 4 per cent annually on average during the previous five years. The slowdown is being driven by a cooling housing market and its spin-off effects across the economy.
Across British Columbia, a host of projects—some of them energy-related, are maintaining momentum this year. Labour markets are essentially at full employment. But, with consumer spending growth expected to weaken and the trade sector in uncertain waters due to U.S. protectionist threats, the outlook will become more muted.
Get the most detailed and up-to-date analysis of the economic outlook for Vancouver the Lower Mainland and British Columbia, all set within a national and international context, at the Western Business Outlook 2018: Vancouver.
In addition to the Conference Board’s economic analysis, business experts will tackle the issues of business change and workplace change.
Lori Mathison, President and Chief Executive Officer of the Chartered Professional Accountants of British Columbia, will discuss the drivers of change.
And a panel of experts from technology, law and labour markets will deliver an interactive session on the changing workplace in British Columbia.
We’d like to thank our generous sponsors for their contribution to this event.
The details of this event are subject to change. Please revisit this page periodically for updated information.