B.C. economy faces weak growth in 2026 as forestry struggles

By Daisy Xiong
Business in Vancouver
January 8, 2026
Category: Finance & Economics
Region: Canada, Canada West

Following a year of economic uncertainty, BC anticipates some growth in 2026, though it is expected to be limited. Deloitte Canada forecasts a 1.6% GDP growth for BC in 2026, slightly up from the forecasted 1.4% growth in 2025, according to its report titled Reset over resolutions: Building economic momentum in 2026. …Although BC hosts two of the five major nation-building projects announced last fall—LNG Canada Phase 2 and the Red Chris Mine—weakness in the forestry sector offsets this positive momentum, according to the global professional services firm. …The impact is already visible. Burnaby-based Interfor Corporation announced reductions across North America and the indefinite halt of operations in Grand Forks, BC, last fall. …Deloitte attributes the province’s minor economic growth forecast in part to the B.C. government’s efforts to secure more federal support for the forestry industry.

Read More