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B.C. business leaders urge parties to prioritize economy in open letter

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Business groups are sounding the alarm on the province's economy amid job losses, rising debt

That’s according to West Coast business groups urging provincial party leaders to prioritize the state of an economy that’s lagging behind as various sectors face deteriorating performance and job losses.

The letter cited an Oct. 15 report from the Canadian Manufacturers and Exporters industry group, which found around 12,400 manufacturing jobs have been lost since 2017. The report said a lack of investment in the sector is “nearing crisis level.” Other signatories to the letter include the Mining Association of B.C., the B.C. chapter of the Canadian Federation of Independent Business, the Business Council of B.C., the Independent Contractors and Businesses Association in B.C. and the B.C. Council of Forest Industries.

“This does not include the promises made during the current election campaign,” the letter stated. "New spending promises over the next two years ranged from $3.4 billion from the BC Conservatives, $10.3 billion from the NDP, and a staggering $18.7 billion from the BC Green Party.”

 

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