B.C.’s economy remains steady despite disruption and uncertainty from the global trade conflict, its First Quarterly Report shows.

B.C. supported people through high costs and climate emergencies, and ended the fiscal year 2024-25 with a deficit lower than expected.

As B.C. continues to fight against threatened United States tariffs of 25% on all Canadian imports, the Province has done a preliminary assessment of potential impacts to the B.C. economy of a trade war with the United States.

A delegation from British Columbia is arriving in Los Angeles to highlight the advantages of partnering with the film and TV industry on Canada’s West Coast and to explore the benefits of staging productions in B.C.

The Province supported people through a record wildfire season and a global economic slowdown in 2023-24, while continuing to build the schools, hospitals and homes people need.

British Columbia’s economic and fiscal plan remains stable in the face of a slowing global economy and high interest rates as the Second Quarterly Report forecasts a lower deficit than in the previous fiscal update.

B.C.’s First Quarterly Report shows the province’s economy is proving resilient amid challenges, including a devastating wildfire season, high interest rates and costs, and a slowing global economy.