As the price of oil tumbles we expect this to benefit the BC economy.
According to recent BC government report, we are poised for strong employment over the next 5-7 years. New jobs in forestry and mining and replacement workers for the retiring,aging workforce will fuel growth. This new money will buy houses, appliances,furniture, cars, trucks, etc. Health care for the aging population will also be a major employer.
The United States economy is gaining strength with 252,000 new jobs added. Low oil, low interest, and low Canadian dolllar are all good for Canadian companies exporting to the United States.