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Home News B.C. economy still strong despite market turmoil

B.C. economy still strong despite market turmoil

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Despite the economic turmoil in the U.S. and across North American markets, B.C. still has a positive outlook.

That’s the message from B.C. Minister of Jobs, Innovation and Tourism.

Speaking in Issues and Answers, Wednesday, Pat Bell says the B.C. economy is far less dependent than it used to be on the American economy.

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Bell says that although the U.S. is still an important trading partner, in three years, exports to the U.S. have dropped from 70 per cent of the province’s total exports to less than 50 per cent.

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Bell did concede that if the U.S. slips back into a recession, it will negatively impact Canada, B.C. and the northeast. However, he says that the Province has been stepping up its exports to Asian markets, in particular, and suggests there will be major benefits if the pipeline to the port at Kitimat is built.

There are also indications B.C.’s economy has been growing and Bell says he believes the province is even leading in Canada in job growth.

 

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