The Vancouver Business Thread

[sunsetmountainland]

Originally Posted by zahav

The latest jobs report (Stats Can labour force survey) came out, and yet again BC had the fastest employment growth in the country. +0.8%, all in full time work. We created the majority of new jobs across Canada in the last year. And we jumped back into 1st place in lowest unemployment rate (5.1%). The latest jobs report was so good (BC and Quebec) that it's fuelled national interest rate hike likelihood. The crazy thing is only BC, Quebec, (and to a far lesser extent Alberta) created jobs last month. And of those 3, only BC created all full time jobs. I am 33 now, and have been a political/economics junkie since I was like 14, and I don't remember a period so long and sustained prosperity. I did not support the NDP in the election here, but they are now in charge and I don't wish them to fail because that would mean the province would suffer, and I am not one to believe in "cut off your nose to spite your face". But the employment growth under the Liberal term has been astonishing, and definitely the leader in Canada. I hope the NDP don't f**k it up and do major damage to one of the longest uninterrupted prosperity periods in our history. Again, this is not all real estate related at all! It is broad based and covers many industries, one year after the real estate tax that everyone thought would sideswipe the province, and we are still growing strong. I find people everywhere else is Canada is so quick to jump and promote their own good news stories (heck, Nova Scotia still has one of the higher unemployment rates in this country and yet they are still able to promote and bolster the good news coming from their province). But people here in BC never seem to with our province, more often good news stories are met with nonsense like "well, it's coming at the expense of working people" or "it's still not good here". People need to change their attitude here, and that doesn't mean glossing over shortfalls or mistakes the province is making, acknowledging and correcting bad policy or errors is essential, but there's still so much negaitivity and naysaying in this province, when there shouldn't be

This is a great post! I find it very interesting how negative people view their own world! It is these people whom find the negative in a positive situation. The reality is your world is not going to get better if you continue to espouse a negative outlook.
The fact that the province is creating a positive economy to serve the needs and well being of the inhabitants of the province should not be overlooked.

The fact is the individual has the responsibility to be an adult and create a positive situation for themselves!

[osirisboy]

Originally Posted by sunsetmountainland

This is a great post! I find it very interesting how negative people view their own world! It is these people whom find the negative in a positive situation. The reality is your world is not going to get better if you continue to espouse a negative outlook.
The fact that the province is creating a positive economy to serve the needs and well being of the inhabitants of the province should not be overlooked.

The fact is the individual has the responsibility to be an adult and create a positive situation for themselves!

Don't be so negative. Is it better to be delusionally positive or realistically negative? What works for you doesn't mean it will work for someone else

[sunsetmountainland]

Originally Posted by osirisboy

Don't be so negative. Is it better to be delusionally positive or realistically negative? What works for you doesn't mean it will work for someone else

I think it is better to be realistic! Not delusional or overly negative! I was pointing out you make your own world so if you wish to be delusional or you wish to be negative it is your prerogative!

[Caliplanner1]

Originally Posted by sunsetmountainland

I think it is better to be realistic! Not delusional or overly negative! I was pointing out you make your own world so if you wish to be delusional or you wish to be negative it is your prerogative!

Interesting!!!....so the wider economic system (called "externalities" etc.) has no influence/bearing/impact on the opportunistic realities of the individual...?

[sunsetmountainland]

Originally Posted by Caliplanner1

Interesting!!!....so the wider economic system (called "externalities" etc.) has no influence/bearing/impact on the opportunistic realities of the individual...?

Good point we are going into a N.D.P/Green economic plan so things could get interesting!

[Caliplanner1]

Originally Posted by sunsetmountainland

Good point we are going into a N.D.P/Green economic plan so things could get interesting!

...indeed....in the same way young workers (especially the semi skilled and relatively unskilled ones), many middle-income professionals with stagnant wages and the poor/retired etc. have been hurt by current Liberal induced externalities!

[Vin]

Remember the 90s under NDP? We were a "have-not" province. Now let's see if they would avoid mistakes of the past, or if it's going to be the same ol'.

[Caliplanner1]

Originally Posted by Vin

Remember the 90s under NDP? We were a "have-not" province. Now let's see if they would avoid mistakes of the past, or if it's going to be the same ol'.

Vin, Vin, Vin....the relative health of B.C.'s economy is more so a function of national and international economic forces than that of the province's political decisions. I've furnished such conclusion here in this forum by a respected Canadian economist.

With that said, you're slamming the N.D.P. policies in the 1990's as the MAIN cause of the province's sluggish economic performance back then without full disclosure that the ENTIRE CANADIAN ECONOMY WAS STRUGGLING in the 1990's which would put a special drag on a province (re: B.C.) whose economy was/is very much dependent on vulnerable/volatile primary/resource-based sectors (e.g. mining/farming/forestry etc.)! Please peruse the furnished link: http://www.cbc.ca/news/business/economy-tanked-in-1990s-report-1.175646

[Vin]

Originally Posted by Caliplanner1

Vin, Vin, Vin....the relative health of B.C.'s economy is more so a function of national and international economic forces than that of the province's political decisions. I've furnished such conclusion here in this forum by a respected Canadian economist.

With that said, you're slamming the N.D.P. policies in the 1990's as the MAIN cause of the province's sluggish economic performance back then without full disclosure that the ENTIRE CANADIAN ECONOMY WAS STRUGGLING in the 1990's which would put a special drag on a province (re: B.C.) whose economy was/is very much dependent on vulnerable/volatile primary/resource-based sectors (e.g. mining/farming/forestry etc.)! Please peruse the furnished link: http://www.cbc.ca/news/business/economy-tanked-in-1990s-report-1.175646

Cali, Cali, Cali, the economic growth in BC was pretty much the same before and after transition, but this province started having surpluses and could balance the book. I credit the Liberals for that. The entire Canadian economy after the 90s was actually worse-off:

http://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locations=CA

[Caliplanner1]

Originally Posted by Vin

Cali, Cali, Cali, the economic growth in BC was pretty much the same before and after transition, but this province started having surpluses and could balance the book. I credit the Liberals for that. The entire Canadian economy after the 90s was actually worse-off:

http://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locations=CA

Vin, if you run government like a private sector business by cutting expenditures on expensive/"non profitable" (BUT VITAL) social welfare/development programs (like public education etc.) you will end up with short-term budget surpluses but long-term human capital/social development losses/deficits (to harm B.C.'s first world standard of living/environmental quality)!

[sunsetmountainland]

Originally Posted by Caliplanner1

...indeed....in the same way young workers (especially the semi skilled and relatively unskilled ones), many middle-income professionals with stagnant wages and the poor/retired etc. have been hurt by current Liberal induced externalities!

What externalities? You mean to say that (semi skilled and relatively unskilled young workers) will be helped by stopping the site C dam or the kinder morgan pipeline?

You are in the wrong thread to debate business supporting an N.D.P. /Green government! You should stick to the political threads that do not include business!

[sunsetmountainland]

Originally Posted by Vin

Cali, Cali, Cali, the economic growth in BC was pretty much the same before and after transition, but this province started having surpluses and could balance the book. I credit the Liberals for that. The entire Canadian economy after the 90s was actually worse-off:

http://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locations=CA

This guy needs to stick to his political threads because he does not have an ounce of knowledge towards business!

[sunsetmountainland]

A

Originally Posted by Caliplanner1

Interesting!!!....so the wider economic system (called "externalities" etc.) has no influence/bearing/impact on the opportunistic realities of the individual...?

The wider economic system called "externalities" has influence/bearing/impact on the opportunisic realities of the individual! Just ask Warren Buffet, Jeff Bezos, Bill Gates. I can go on and on but you get the point!

I would say they all have done a pretty good job of creating jobs employment and opportunities for the young semi skilled workers.

At least better then some red taped N.D.P. government that kills jobs and opportunities!

[sunsetmountainland]

Originally Posted by zahav

The latest jobs report (Stats Can labour force survey) came out, and yet again BC had the fastest employment growth in the country. +0.8%, all in full time work. We created the majority of new jobs across Canada in the last year. And we jumped back into 1st place in lowest unemployment rate (5.1%). The latest jobs report was so good (BC and Quebec) that it's fuelled national interest rate hike likelihood. The crazy thing is only BC, Quebec, (and to a far lesser extent Alberta) created jobs last month. And of those 3, only BC created all full time jobs. I am 33 now, and have been a political/economics junkie since I was like 14, and I don't remember a period so long and sustained prosperity. I did not support the NDP in the election here, but they are now in charge and I don't wish them to fail because that would mean the province would suffer, and I am not one to believe in "cut off your nose to spite your face". But the employment growth under the Liberal term has been astonishing, and definitely the leader in Canada. I hope the NDP don't f**k it up and do major damage to one of the longest uninterrupted prosperity periods in our history. Again, this is not all real estate related at all! It is broad based and covers many industries, one year after the real estate tax that everyone thought would sideswipe the province, and we are still growing strong. I find people everywhere else is Canada is so quick to jump and promote their own good news stories (heck, Nova Scotia still has one of the higher unemployment rates in this country and yet they are still able to promote and bolster the good news coming from their province). But people here in BC never seem to with our province, more often good news stories are met with nonsense like "well, it's coming at the expense of working people" or "it's still not good here". People need to change their attitude here, and that doesn't mean glossing over shortfalls or mistakes the province is making, acknowledging and correcting bad policy or errors is essential, but there's still so much negaitivity and naysaying in this province, when there shouldn't be

This deserves to be quoted again so that Caliplanner1 can read it!

[Caliplanner1]

Originally Posted by sunsetmountainland

This guy needs to stick to his political threads because he does not have an ounce of knowledge towards business!

LOL....not because I hold an MBA along with an MPA (requirements for working in rail project finance as a California transportation planner) means that I can't appreciate the limitation of "business", especially within the public sector domain.....LOL

If business folks were sooo very brilliant and honest in their understanding of the Achilles Heel of business/the wider economy maybe we wouldn't have the seriously debilitating periodic swings experienced in the so called "business cycle" (re: economic system collapse).

All facets of life has (relative) limitations...remember that!

[LeftCoaster]

Originally Posted by Caliplanner1

LOL....not because I hold an MBA along with an MPA (requirements for working in rail project finance as a California transportation planner) means that I can't appreciate the limitation of "business", especially within the public sector domain.....LOL

There you go, bringing up education again like some letters behind your name automatically make you right.

Remember last week when you thought you bought your own house in Canada with US dollars that didn't need to be transferred into the medium of exchange in the country? That buying in US dollars increased the money supply in Canada?? Because I remember that...

I don't know where you got your MBA but you might want to ask for your money back... in whichever currency you want, since they all are acceptable here apparently.

[SpongeG]

Canadian firm buys Grouse Mountain

CM (Canada) Asset Management Co. Ltd. buys tourist attraction

By Glen Korstrom | July 18, 2017, 11:02 a.m.

A Vancouver-based firm that is more than 60% Canadian owned has bought the North Vancouver tourist attraction Grouse Mountain Resort for an undisclosed amount after the mountain was marketed for $200 million, the resort announced July 18.

Longtime owner Grouse Mountain Resort and new owner GM Resorts Limited Partnership (GM Resorts) announced that there will be no changes to staff or management, and that the mountain will continue operations as usual.

Media reports that pre-empted the news had incorrectly named the new owner as China Minsheng Investment Group, and that group does have an investment in GM Resorts. The exact amount of Chinese investment in GM Resorts, however, is unclear.

GM Resorts Limited Partnership was established by CM (Canada) Asset Management Co., Ltd. (CM Canada), which is a Canadian investment and asset-management company that has more than 60% ownership by Canadian investors, according to a news release from the resort.

That release outlined the sale and said that China Minsheng Investment Group subsidiary CMIG International is CM Canada’s international investor.

...

https://www.biv.com/article/2017/7/canadian-firm-buys-grouse-mountain/

[SpongeG]

War for the Planet of the Apes boosts B.C. economy by $81m

By Emma Crawford Hampel | July 17, 2017, 10:38 a.m.

Production of War for the Planet of the Apes boosted the B.C. economy by $81 million, according to the Motion Picture Association – Canada.

The movie, which with box-office revenue of more than US$56 million was this past weekend’s highest-grossing film, was filmed over 180 days in Vancouver and Tofino.

During that time, more than $45 million was spent on local cast, crew and background. Other spending included that for local office personnel, construction supplies, location fees, transportation costs, catering and craft service and hotels.

“The data released today signals the important role the film and television industry plays for B.C.’s economy,” MPA-Canada president Wendy Noss said.

“Productions like War for the Planet of the Apes not only make a big impact on the screen, they also support thousands of cast and crew members, local businesses and communities behind the scenes, from Vancouver to Ucluelet.”

MPA-Canada is an affiliate of Motion Picture Association of America, which works with Walt Disney Studios Motion Pictures, Paramount Pictures, Sony Pictures Entertainment, Twentieth Century Fox, Universal City Studios and Warner Bros. Entertainment.

...

https://www.biv.com/article/2017/7/war-planet-apes-boosts-bc-economy-81m/

[Caliplanner1]

Originally Posted by LeftCoaster

There you go, bringing up education again like some letters behind your name automatically make you right.

Remember last week when you thought you bought your own house in Canada with US dollars that didn't need to be transferred into the medium of exchange in the country? That buying in US dollars increased the money supply in Canada?? Because I remember that...

I don't know where you got your MBA but you might want to ask for your money back... in whichever currency you want, since they all are acceptable here apparently.

We live in a world of "letters" where formal education does carry weight (except of course for some politicians,..LOL).

Why hate because I'm giving evidence to the effect that I understand both the worlds of business and government -via both academic achievement (re: MBA/MPA etc.) and real world experience (having made money in the U.S. stock market/real estate etc.).

Being financially well off doesn't mean that I can't see/appreciate the shortcomings of the business world and thus the need for costly government (market) intervention (contrary to the ignorant comments of some of your buddies here in this forum)!

[sunsetmountainland]

Originally Posted by Caliplanner1

LOL....not because I hold an MBA along with an MPA (requirements for working in rail project finance as a California transportation planner) means that I can't appreciate the limitation of "business", especially within the public sector domain.....LOL

If business folks were sooo very brilliant and honest in their understanding of the Achilles Heel of business/the wider economy maybe we wouldn't have the seriously debilitating periodic swings experienced in the so called "business cycle" (re: economic system collapse).

All facets of life has (relative) limitations...remember that!

I would suggest that if you really understood business! You would not work in the public sector!

Your arguments are vague and unconvincing! I look up to brilliant and honest business folks. Those that can make change to a better world. Bill Gates, Warren Buffet, as well as Jimmy Patterson all can be considered "philanthropist" I really do not care how much money I can make but what type of impact I can make to help those less fortunate!

If you look at the economic system collapses it is mostly in the public sector left wing servants bleeding the system dry!

That is why the N.D.P. is always a one term government just like all facets of life has (relative) limitation we should both remeber that!