Capital Report~December 4, 2009
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Premier Gordon Campbell and Premier Jean Charest join the community celebration as the Olympic Torch arrives in Quebec City.

PREMIER APPLAUDS APPROVED DESTINATION STATUS

Premier Gordon Campbell congratulated Prime Minister Stephen Harper and Stockwell Day, Minister of International Trade and Minister for the Asia-Pacific Gateway for successfully securing Approved Destination Status (ADS) with China.

  • Approved Destination Status allows Chinese tour operators and travel agents to organize tours and advertise Canadian destinations. It also allows British Columbia’s tourism industry to promote directly to tour operators and market B.C. as a destination, including the development of specific promotions.
  • It is anticipated that ADS could increase Chinese tourism to British Columbia by 25 per cent annually over the next few years.

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B.C. ECONOMY EXPECTED TO STABILIZE IN 2010

The B.C. Economic Forecast Council has slightly improved its growth projections for British Columbia, citing increased housing starts, and recent improvements in the mineral resources sector and commodities markets as the primary reasons.

  • On average, the council now expects B.C.’s economy to post 2.9 per cent growth in 2010, upgraded from the 2.5 per cent growth projected in the September Update this year.
  • The Economic Forecast Council represents some of the most respected independent economic forecasters in Canada.

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B.C. PPP PROJECTS WIN FOUR NATIONAL AWARDS

Four of British Columbia’s public infrastructure projects have won national awards from the Canadian Council for Public-Private Partnerships.

  • The Canada Line Rapid Transit Project and the Sea-to-Sky Highway Improvement Project have been honoured with the Gold Award for Infrastructure.
  • The Golden Ears Bridge Project won the Silver Award for Infrastructure.
  • The Royal Jubilee Hospital Patient Care Centre won the Silver Award for Project Financing.

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GREEN ENERGY ADVISORY TASK FORCE SEEKS INPUT

B.C.’s Green Energy Advisory Task Force has launched a website that invites British Columbians to submit their ideas and input on the future of clean and renewable energy in B.C.

  • The website asks British Columbians to submit their ideas and input on the following subjects: clean energy procurement and regulatory reform; carbon pricing, trading and clean energy export market development; community engagement and First Nations partnerships; and clean energy resource development.
  • Submissions can be made via an email form until Dec. 31, 2009. The ideas and input submitted through the website will help inform the recommendations the task force makes to government in January 2010.

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Saturday, December 5

Finance Minister Colin Hansen will be a guest on Constituency Report on Shaw Cable 4 Lower Mainland at 8:00am.

Premier Gordon Campbell will be a guest on Constituency Report on Shaw Cable 4 Lower Mainland at 5:00pm.

West Vancouver-Sea to Sky MLA Joan McIntyre will be a guest on Constituency Report on Shaw Cable 4 Lower Mainland at 8:30am and 5:30pm.

Sunday, December 6

Minister of State for Olympics and ActNow BC Mary McNeil will be a guest on Constituency Report on Shaw Cable 4 Lower Mainland at 8:00am and 5:00pm.

Thursday, December 10

Attorney General Michael de Jong will be a guest on ShawTV Voice of BC from 8:00pm to 9:00pm. 

Friday, December 11

Health Services Minister Kevin Falcon will be a guest on RED FM 93.1 from 9:00am to 9:30am.

Quotes This Week

“These are great movies to have on our resume in British Columbia.”
Peter Leitch, Chair, Motion Picture Production Industry Association of BC. CKNW, November 30, 2009. (Commenting on the news that two of the weekends top five movies, 2012 and New Moon, were shot in British Columbia)

“If you step back and look 10 years ago, our combined federal and provincial corporate income tax rate was 46%, so [falling to 25%] is a very significant drop.”
Tony Martin, international tax partner, KPMG. Business in Vancouver, November 30, 2009. (Commenting the planned decrease in the overall business tax rate in B.C. to 25% in 2012)


Did You Know?

  • Secondary students in British Columbia writing post-secondary level exams placed among the very best in North America according to the latest Advanced Placement (AP) exam results. The Advanced Placement program is run by the College Board, a not-for-profit organization dedicated to excellence and equity that is composed of more than 5,700 schools, colleges, universities, and other educational organizations.

  • Another breakthrough treatment for macular degeneration – the leading cause of vision loss in Canada – is being developed in B.C. by a top genetic ophthalmologist who came here from the U.K. because of the world-class eye research going on in this province.

  • As the gift-buying season kicks into high gear with extended holiday hours, shoppers should make sure they are careful with their purchasing transactions to guard against fraud. Shoppers should know that the details of a debit card can be stolen and used to withdraw money from their account without their authority. If you think your identity has been stolen, report the incident to the police immediately and report all stolen cards to the appropriate agencies.
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