CEO Breakfast Focused on LNG and the Economy
With more than 200 construction industry leaders and representatives, it was a crowded room at ICBA’s 17th annual CEO breakfast. This year’s keynote speakers included Deputy Premier and Minister of Natural Gas Development, Rich Coleman and BCBC’s Executive Vice President and Chief Policy Officer, Jock Finlayson.
Jock Finlayson, talked about the recovering global economy and where Canada fits in. Overall, Canada’s economy should gain momentum over 2014-15 because of stronger global growth and the recovering U.S. market. The Eurozone has emerged from recession, the pace of economic growth in the U.S. is accelerating and Japan is seeing positive GDP growth. He noted that the Canadian, U.S. and German economies are bigger than they were before the recession, but many others are smaller.
Here in B.C., Jock noted that we have lagged behind other Western provinces since mid-2012, but GDP and job growth are expected to pick up. He also stated that non-residential construction will be important in driving the province’s growth.
Although we are still recovering from a fragile global economy, these are encouraging signs of what’s ahead. We are on the heels of significant economic growth. It is an exciting time for our province and for the construction industry.