economy

A new poll shows more than four of 10 surveyed British Columbians say they are in the worse financial shape this year than at the same time last year with more economic bad news on the horizon. (THE CANADIAN PRESS/Adrian Wyld)

4-in-10 British Columbians in worse money shape than a year ago: poll

Almost 60 per cent expect B.C. to enter a recession within 12 months

 

British Columbia's projected deficit in the 2023-2024 fiscal year has grown by more than $2 billion from original estimates to reach almost $7 billion. Minister of Finance Katrine Conroy arrives to the podium during a press conference at the legislature in Victoria, on Wednesday, August 30, 2023. THE CANADIAN PRESS/Chad Hipolito

Record-breaking wildfires inflate forecasted B.C. deficit to $6.7 billion

Finance minister says fire fight cost nearly $1B, predicts declining new housing starts

 

The provincial unemployment rate dropped in August, but economic headwinds are on the horizon. (Black Press Media file photo)

Provincial unemployment drops, but economic struggles on the horizon

B.C.’s unemployment dropped to 5.2 per cent in August: StatsCan

 

Members of the media watch Russia's President Vladimir Putin address via videolink the 2023 BRICS Summit in Johannesburg, South Africa, Wednesday, Aug. 23, 2023. (AP Photo/Jerome Delay)

Iran, Saudi Arabia to join China and Russia in the BRICS economic bloc

6 nations invited to join in move that could double membership

Members of the media watch Russia's President Vladimir Putin address via videolink the 2023 BRICS Summit in Johannesburg, South Africa, Wednesday, Aug. 23, 2023. (AP Photo/Jerome Delay)
Taylor Swift performs during her 1989 World Tour in Vancouver, B.C., on Saturday, August 1, 2015. Companies marketing themselves in connection with Swift’s future swing through Canada might see an afterglow that outlives the pop star’s handful of shows in the country. THE CANADIAN PRESS/Jonathan Hayward

Taylor Swift’s multi-billion-dollar tour meets Canadian capitalism

Pop star’s Toronto stops create opportunities, risks for brands tied to show: marketers

Taylor Swift performs during her 1989 World Tour in Vancouver, B.C., on Saturday, August 1, 2015. Companies marketing themselves in connection with Swift’s future swing through Canada might see an afterglow that outlives the pop star’s handful of shows in the country. THE CANADIAN PRESS/Jonathan Hayward
Gantry cranes sit idle as a container ship is docked at port during a work stoppage, in Vancouver, B.C., Wednesday, July 19, 2023. Federal Labour Minister Seamus O’Regan is launching an examination of the recently resolved British Columbia port dispute to see if “structural issues” in negotiations led to a 13-day work stoppage. THE CANADIAN PRESS/Darryl Dyck

Minister launches review of B.C. port strike looking for ‘structural issues’

Goal: ‘harmonious working environment’ between unions and employers in future collective bargaining

Gantry cranes sit idle as a container ship is docked at port during a work stoppage, in Vancouver, B.C., Wednesday, July 19, 2023. Federal Labour Minister Seamus O’Regan is launching an examination of the recently resolved British Columbia port dispute to see if “structural issues” in negotiations led to a 13-day work stoppage. THE CANADIAN PRESS/Darryl Dyck
Greater Vancouver is one of the three most unequal regions in Canada by one measure according to new figures from StatsCan, which show the median-income of British Columbians down in 2021 for the first time in years. (virani.ca)

British Columbians have less money in their pockets: StatsCan

Median income down for the first time in five years while inequality is rising

Greater Vancouver is one of the three most unequal regions in Canada by one measure according to new figures from StatsCan, which show the median-income of British Columbians down in 2021 for the first time in years. (virani.ca)
A transport truck carries a cargo container to the Centerm Container Terminal at port in Vancouver on Friday, July 14, 2023. The Canada Industrial Relations Board has released the new terms of the agreement that resolved British Columbia's port dispute, including a commitment by employers to train workers to perform maintenance on new equipment. THE CANADIAN PRESS/Darryl Dyck

Longshore workers get 5, 5, 4 and 4% wage hikes in new 4-year port deal

Terms of new contract that resolved British Columbia port dispute released

A transport truck carries a cargo container to the Centerm Container Terminal at port in Vancouver on Friday, July 14, 2023. The Canada Industrial Relations Board has released the new terms of the agreement that resolved British Columbia's port dispute, including a commitment by employers to train workers to perform maintenance on new equipment. THE CANADIAN PRESS/Darryl Dyck
Striking International Longshore and Warehouse Union Canada workers march to a rally as gantry cranes used to load and unload cargo containers from ships sit idle at port in Vancouver on Thursday, July 6, 2023. THE CANADIAN PRESS/Darryl Dyck

Business groups want labour changes after end of B.C. port dispute

Lobby argues Ottawa must take steps to ensure such a disruption never happens again

Striking International Longshore and Warehouse Union Canada workers march to a rally as gantry cranes used to load and unload cargo containers from ships sit idle at port in Vancouver on Thursday, July 6, 2023. THE CANADIAN PRESS/Darryl Dyck
The provincial unemployment rate dropped in July, but the construction sector continues to shed jobs. (Black Press Media file photo)

B.C.’s construction sector is shedding jobs; but overall unemployment drops

Unemployment rates in B.C. are going down, but key sector lost nearly 20,000 jobs in July

The provincial unemployment rate dropped in July, but the construction sector continues to shed jobs. (Black Press Media file photo)
Gantry cranes sit idle as a container ship is docked at port during a work stoppage, in Vancouver, on Wednesday, July 19, 2023. Voting among British Columbia port workers on a new agreement with employers is scheduled to conclude today, with the result deciding whether the months-long labour dispute will end or continue. THE CANADIAN PRESS/Darryl Dyck

Researcher warns against intervention as B.C. port workers vote concludes

International Longshore and Warehouse Union cast ballots on new contract Thursday and Friday

Gantry cranes sit idle as a container ship is docked at port during a work stoppage, in Vancouver, on Wednesday, July 19, 2023. Voting among British Columbia port workers on a new agreement with employers is scheduled to conclude today, with the result deciding whether the months-long labour dispute will end or continue. THE CANADIAN PRESS/Darryl Dyck
Striking International Longshore and Warehouse Union Canada workers march to a rally as gantry cranes used to load and unload cargo containers from ships sit idle at port in Vancouver on Thursday, July 6, 2023. The recently concluded strike was part of a larger surge of strikes across North America. (THE CANADIAN PRESS/Darryl Dyck)

Long-term effects of strikes still emerging: B.C. economist

Rob Gillezeau says labour militancy is surging, but real wages have been down for a long time

Striking International Longshore and Warehouse Union Canada workers march to a rally as gantry cranes used to load and unload cargo containers from ships sit idle at port in Vancouver on Thursday, July 6, 2023. The recently concluded strike was part of a larger surge of strikes across North America. (THE CANADIAN PRESS/Darryl Dyck)
Workers attend a strike rally in Vancouver on Sunday, July 9, 2023. Workers in the ongoing British Columbia port dispute are taking a full-union vote to determine if the latest deal recommended by negotiators is acceptable, with the possible end to the months-long conflict in the balance. THE CANADIAN PRESS/Ethan Cairns

Union vote begins on B.C. port deal that could end months-long dispute

International Longshore and Warehouse Union members vote from 6 a.m. to 6 p.m. today and tomorrow

Workers attend a strike rally in Vancouver on Sunday, July 9, 2023. Workers in the ongoing British Columbia port dispute are taking a full-union vote to determine if the latest deal recommended by negotiators is acceptable, with the possible end to the months-long conflict in the balance. THE CANADIAN PRESS/Ethan Cairns
Willie Adams, international president of the International Longshore and Warehouse Union, speaks at a strike rally in Vancouver on Sunday, July 9, 2023. Labour observers are urging caution ahead of a union vote that could end the long-running B.C. port dispute this week, saying there’s a history of union members rejecting deals struck at the negotiating table. THE CANADIAN PRESS/Ethan Cairns

B.C. port union to brief workers on new collective deal ahead of crucial vote

Longshore union negotiators will brief workers about a new tentative collective agreement…

Willie Adams, international president of the International Longshore and Warehouse Union, speaks at a strike rally in Vancouver on Sunday, July 9, 2023. Labour observers are urging caution ahead of a union vote that could end the long-running B.C. port dispute this week, saying there’s a history of union members rejecting deals struck at the negotiating table. THE CANADIAN PRESS/Ethan Cairns
Ford Electric F-150 Lightning Truck (Ford Canada Facebook)

Ford triples electric truck output after a six-week shutdown of a factory

Ford shut down a Dearborn factory to upgrade equipment and increase capacity

Ford Electric F-150 Lightning Truck (Ford Canada Facebook)
A transport truck carries cargo containers from the Centerm Container Terminal at port in Vancouver, on Friday, July 14, 2023. British Columbia port workers are back on the job after a tentative agreement was reached between the employers association and the workers union, ending a 13-day-old strike. THE CANADIAN PRESS/Darryl Dyck

Labour experts urge caution ahead of union vote to end B.C. port dispute

History exists of union members rejecting deals struck at the negotiating table

A transport truck carries cargo containers from the Centerm Container Terminal at port in Vancouver, on Friday, July 14, 2023. British Columbia port workers are back on the job after a tentative agreement was reached between the employers association and the workers union, ending a 13-day-old strike. THE CANADIAN PRESS/Darryl Dyck
Gantry cranes sit idle as a container ship is docked at port during a work stoppage, in Vancouver, on Wednesday, July 19, 2023. THE CANADIAN PRESS/Darryl Dyck

Industrial board warns union bosses not to backtrack on new B.C. port deal

ILWU Canada must hold a ratification vote on the deal no later than Friday

Gantry cranes sit idle as a container ship is docked at port during a work stoppage, in Vancouver, on Wednesday, July 19, 2023. THE CANADIAN PRESS/Darryl Dyck
A striking port worker from the International Longshore and Warehouse Union Canada views the large gathering attending a rally in Vancouver, on Sunday, July 9, 2023. THE CANADIAN PRESS/Ethan Cairns

New tentative deal is reached in B.C. port workers dispute

Joint statement late Sunday says deal reached with help from Canada Industrial Relations Board

A striking port worker from the International Longshore and Warehouse Union Canada views the large gathering attending a rally in Vancouver, on Sunday, July 9, 2023. THE CANADIAN PRESS/Ethan Cairns
Statistics Canada is set to release today its latest reading on how the economy fared in May, as well as a preliminary glimpse for the second quarter. Statistics Canada’s offices at Tunney’s Pasture in Ottawa are shown on Friday, March 8, 2019. THE CANADIAN PRESS/Justin Tang

Economy grew in May despite wildfire effects: StatCan

But it looks to have slowed in June

Statistics Canada is set to release today its latest reading on how the economy fared in May, as well as a preliminary glimpse for the second quarter. Statistics Canada’s offices at Tunney’s Pasture in Ottawa are shown on Friday, March 8, 2019. THE CANADIAN PRESS/Justin Tang
Striking International Longshore and Warehouse Union Canada workers walk a picket line on a road leading to Deltaport, in Delta, B.C., on Friday, July 7, 2023. THE CANADIAN PRESS/Darryl Dyck

B.C. port workers mull contract offer as expert warns of more labour strife

Inflation, workplace flexibility, may be changing the labour movement’s views on strike action

Striking International Longshore and Warehouse Union Canada workers walk a picket line on a road leading to Deltaport, in Delta, B.C., on Friday, July 7, 2023. THE CANADIAN PRESS/Darryl Dyck