British Columbia Province Profile

Report Page Length: 5-8
Published: October 2009
   
   
Chapters Include:
The Big Picture Employment Data
Major Industry Update Local Real Estate Summary
Website Resources
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British Columbia Province Profile Excerpt

British Columbia amends its budget-balance law to allow the province to carry a deficit; resource-based economy hit hard by weak fuel prices and wood product exports; house prices are expected to increase, but new tax could dampen home sales.

  • Province job growth fell 2.0% in September 2009 from a year ago; national job growth fell 2.1%.
  • Province unemployment averaged 7.4% in September 2009; the national average was 8.4%.
  • Average weekly earnings rose 1.9% at $799 in July 2009 from a year ago.
  • Provincial revenue fell 1.5% in FY 2009 from the previous year.
  • Exports fell 23.2% to $14.6 billion in the first seven months of 2009 from a year ago.
  • Venture capital investment in BC fell 67% to $19 million in Q2 2009 from the previous year, representing 10% of the national total.
 
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