B.C. economy to grow more slowly over next two years: Central 1 Credit Union
NANAIMO — The B.C. economy looks strong over the next two years, but not compared to previous years according to one credit union.
Bryan Yu, Central One Credit Union’s senior economist, said the housing market is one of the biggest reasons why.
“We’ll have fewer housing starts and that would lead to less residential investment activity. Add to that, will we see some weakness on the lumber as a result of the softwood lumber dispute.”
The future depends on trade talks with the new administration in the United States. Yu said they’ll watch softwood lumber negotiations closely.