Economic summit says Vancouver Island economy remains rosy

By John McKinley
Westerly News
October 26, 2017
Category: Business & Politics
Region: Canada, Canada West

The economic prospects of Vancouver Island are looking pretty good at the moment. Just not quite as good as they looked in the fall of 2016. That’s the verdict of the the third-annual State of the Island economic report unveiled… in Nanaimo. …Closer to home, while the demand for wood products remains strong, access to wood fibre means there has not been corresponding increases in wood production. Meanwhile, retail and service businesses are struggling to fill low-wage jobs in part because of a lack of affordable housing. …The caveat of course it that those numbers are still very strong, unemployment is at some of the lowest levels in the province and the softwood situation has yet to put its feared dent in the forestry industry.

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