Deloitte downgrades B.C.’s economic outlook amid declining forestry sector, population decrease

By Alec Lazenby
Vancouver Sun
April 2, 2026
Category: Finance & Economics
Region: Canada West

The economic headwinds facing B.C. are expected to have an even greater impact than originally expected, with accounting firm Deloitte Canada downgrading its economic forecast for the province in its most recent update. Originally projecting 1.6 per cent GDP growth in 2026 in its January report, the financial consulting giant now predicts B.C. will have “muted” growth of only 1.2 per cent. Dawn Desjardins, chief economist at Deloitte Canada, said some of the main culprits are the declining forestry sector, which continues to face mill closures and thousands of job losses due to a lack of fibre, as well as crippling U.S. duties, a population decrease, and uncertainty surrounding the future of the Canada-U.S.-Mexico trade agreement.

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