LNG Canada expected to help provincial economy grow

first_imgThe changing composition of growth, toward investment and exports and away from credit-driven sectors, will likely be more pronounced in B.C.The province’s role as a trade gateway and the contributions of the large transportation and logistics industry will continue to underpin its success. FORT ST. JOHN, B.C. – The British Columbia Business Council is expecting growth of the provincial economy with the LNG Canada project.The Business Council said, “The recent announcement that LNG Canada is proceeding with its $40 billion LNG investment in Kitimat has prompted us to revise our provincial forecast up to 2.5% for 2019”.The Business Council says B.C. is projected to grow in the range of 2.3% to 2.5% over 2018 and 2019, near the top of the provincial growth rankings.last_img

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