British Columbia is expected to be the fastest growing provincial economy in Canada in 2018—continuing a five year stretch of exceptional growth. But a slowdown in performance is underway this year, and it will continue in 2019 and beyond.
In fact, the slowdown has already started in Victoria. Although the capital’s economy is expected to grow by more than two per cent in 2018, it is the slowest growth rate in four years. Nevertheless, housing starts remain positive this year, federal shipbuilding contracts are bolstering the manufacturing sector, and there are further gains in the burgeoning high-tech sector.
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.
How does this change in the underlying economic fundamentals affect your organization?
For more of this detailed and up-to-date economic analysis, join us at The Conference Board of Canada’s first Western Business Outlook 2018: Victoria.
In addition to the Conference Board’s economic analysis, the Western Business Outlook 2018: Victoria will focus on digital transformation, and how every organization needs to raise the bar in how they interact with their customers digitally.
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.