The Vancouver Business Thread

[rofina]

Originally Posted by zahav

Sorry for the late post, but the November jobs report came out last week. Continuing postive reports. Year over year, BC had the fastest labour force growth (+2.4%), largest gain in employment (+3.8%), largest decrease in unemployment (-19.6%), and lowest unemployment rate amongest the provinces (4.8%). Canada as a whole has shown great numbers, especially the last 6 months, but BC has definitely stood out. Will be interessting to see what 2017 year end GDP #s are, they are predicting Alberta to the largest % growth (coming off two years of recession), with BC 2nd. But BC could still come out on top. Alberta's employment #s, retail sales, building permits & starts, homes sales, etc have been lower than BCs all year, so if they still do come out on top for GDP growth, it will really show how important oil prices are to their figures. Oil prices have risen this year compared to last, so likely that is why economists are expecting high GDP numbers, because the reality on the ground with all the other economic measures mentioned above are still lukewarm

Given Alberta's reliance on oil revenues for households and government I am astonished at how well the Province weathered the storm.

Real Estate too - hardly a blip down for the level oils been at for years.