When David Eby became BC premier in Nov, 2022 - the province had a $5 billion surplus.
Since then there has been 4 full letter-grade downgrades (2 - Moody's + 2 - S&P), with additional negative outlook revisions bringing the total "downgrades/negative actions" to 5–6.
BC budget
2022-23 $5B surplus
2023-24 $9.1B deficit
2024-25 $7.3B deficit
2025-26 $9.6B -$10.98B deficit (depending on update
2026-27 $13.3B forecast deficit
Note: latest Angus Reid poll finds 37% approve of Premier Eby's performance
#BCpolitics
@scoopercooper Unbelievable story.
While 🇨🇦 & 🇺🇸 leaders were pushing deindustrialization in the name of climate change, shuttering mines & smelters that built us, China took advantage.
Next problem? Where will the antimony be refined? Zero North American capacity - China only option.
Dias hits it.
Canada has put itself on the sidelines of global energy security for too long.
The country is waking up - like Germany and the UK now - with steep industrial decline and a bad Davos hangover from drinking the climate action kool-aid.
In Canadas case this was especially dumb because shutting down pipelines from Alberta was an attack on the largest pool of democracy-based energy assets. Giving despotic states a global market advantage. While doing nothing for the planet.
A lot of people in Ottawa - still isolated from the real world in govt jobs funded with debt - still haven’t connected the dots.
Canada can be the single wealthiest per capita nation in the planet. Being poorer and less globally relevant than we were a decade ago is a choice.
A bad one.
What if they hadn't confessed?
Then the slavering fascists who enjoy spreading blood libels against not only Israel but anyone here who defends the truth, would still be displaying synthetic rage that Israel murdered a school, an absurd lie.
I expect they still are regardless.
Despite global disruptions, Canada has led the automotive sector for over 158 years.
With our new strategy, we’re putting auto workers and the sector first so we can continue building the best vehicles in the world, for the world.