Breakthroughs and Barricades
In this quarterly report, we examine the five-year economic outlook for British Columbia, including gross domestic product (GDP), output by industry, labour market conditions, and changing demographics.
As Canada’s only province on the West Coast, British Columbia benefits from a relatively strong trade position, with diversified export markets and an expanding presence in Asia. But how well can the province’s resource industries weather tariff-related pressures? Where does British Columbia’s economy rank vis-à-vis the other Western Canadian provinces, and where will momentum carry it over the forecast period? What impact will weaker population growth and an aging demographic profile have on employment growth, housing starts, and residential investment? We share our forecast for British Columbia’s economy, including GDP and labour market dynamics.
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