A provincial outlook for Canada’s economic recovery | Advisor’s Edge: B.C. was expected to experience less severe economic fallout than other provinces because it was in a better fiscal position heading into the Covid-19 pandemic, allowing it to provide large amounts of fiscal stimulus, according to the think tank’s economic outlook released on Monday.

Also, along with P.E.I. and Manitoba, lower per capita Covid-19 cases mean B.C. would likely suffer smaller economic declines.

The report forecasted a relatively modest contraction of 5.5% for B.C. in 2020, and an expansion of 6.7% in 2021.

A provincial outlook for Canada’s economic recovery | Advisor’s Edge: B.C. was expected to experience less severe economic fallout than other provinces because it was in a better fiscal position heading into the Covid-19 pandemic, allowing it to provide large amounts of fiscal stimulus, according to the think tank’s economic outlook released on Monday.Also, along with P.E.I. and Manitoba, lower per capita Covid-19 cases mean B.C. would likely suffer smaller economic declines.The report forecasted a relatively modest contraction of 5.5% for B.C. in 2020, and an expansion of 6.7% in 2021.Read More