British Columbia's finance minister says the province's diverse economy is well-positioned to handle economic challenges despite uncertainty surrounding Donald Trump's presidency. The Economic Forecast Council for B.C. predicts steady economic growth, fueled by a strong export network and resource-rich environment. While potential U.S. tariffs pose a risk, the council remains optimistic about B.C.'s long-term prospects.
VICTORIA — British Columbia's finance minister says she expects uncertainty and instability over the four years of Donald Trump's U.S. presidency, but private-sector forecasters have indicated the province is in a good position to meet the challenges of Trump's promised tariffs on Canadian goods.
But she says the council tells her the diversity of B.C.'s economy makes it "well-positioned" to attract new investment and development opportunities. Still, the statement says the forecasters "reaffirmed that in the absence of tariffs, they had expected steady economic growth for B.C." The council indicated a diverse export network and resource-rich environment give B.C. an advantage over other provinces, and some members were "encouraged" by the province's work to address housing supply, affordability and skills training, the statement says.
ECONOMY TARIFFS CANADA BRITISH COLUMBIA FORECAST
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