COVID-19 economic recovery.The board released its 38-page plan on Tuesday. The B.C. government is expected to present a $2.5-billion economic recovery plan in a few weeks.Statistics Canada estimates that in Metro Vancouver alone, over 8,000 businesses have been lost since February.
The Greater Vancouver region has lost 149,100 jobs since February, representing over 10 per cent of the workforce. The unemployment rate has climbed to 11.6 per cent from 4.6 per cent before the pandemic.“Bold vision is required to help businesses not only survive but to emerge more resilient and competitive.
With the right actions, I am confident that we will not only overcome these economic challenges but also make necessary progress on broader societal.