BC Tourism of COVID-19 Reopening Dashboard

The closing of the border to international travel, physical distancing measures that reduced domestic travel, and the shutdown of attractions has resulted in a dramatic decline in the tourism sector in BC.

For more information, please contact: Gino Pezzani.

BC Business and Consumer Confidences of COVID-19 Reopening Dashboard

Business confidence is measured through a survey of small businesses in BC on their expectations and operating conditions, which have been negatively impacted by physical distancing measures. Consumer confidence is measured through a survey of BC households on their optimism around current economic conditions (e.g., employment, financial, and major purchases), which has been clouded with uncertainty during the pandemic.
For more information, please contact: Gino Pezzani.

Canadian Monthly Real GDP (May) – July, 2020

Canadian real GDP grew 4.5  per cent on a monthly basis in May. May’s increase follows an 11.6 per cent contraction in April, the largest monthly decline in GDP since the series started to be recorded in 1961. Despite the rise in GDP in May the Canadian economy is still 15 per cent below its February, pre-COVID-19 level. Statistics Canada’s preliminary estimate for second quarter GDP is a decline of 12 per cent from the first quarter, or an annualized decline of close to 50%.

With an increase in GDP in May and a preliminary estimate of 5 per cent growth in June, it would appear that the Canadian economy is recovering from the COVID-19 induced recession. That recovery is already well underway in BC housing markets, with home sales recovering pre-COVID-19 levels in early summer.

For more information, please contact: Gino Pezzani.

Manufacturing and International Trade of COVID-19 Reopening Dashboard in BC

Manufacturing plants in BC either shutdown or operated at limited capacity due to the state of emergency. Moreover, falling energy prices and weaker global demand for goods resulted in drastic decreases in BC’s exports and imports.

For more information, please contact: Gino Pezzani.

Jobs and Hours Worked of COVID-19 Reopening Dashboard in BC

The three sectors highlighted here are the sectors that have been most significantly impacted by the province’s state of emergency: wholesale and retail, recreation and culture, and accommodation and food services.

For more information, please contact: Gino Pezzani.