According to the Conference Board of Canada’s Provincial Outlook: Spring 2015, the provincial economy is expected to be the only one to advance more than three per cent this year. The outlook notes the housing market in Vancouver as playing a significant role in the numbers, but also recognizes the “considerable uncertainty” regarding LNG development.
Service industries are said to be doing well, as is manufacturing. Exports are up and should remain strong going forward.
The Board states that a potential decision by Petronas to proceed with the Pacific NorthWest LNG project would be a “game changer” for the province’s energy sector.