Tourism revenue held steady and capital investment declined somewhat relative to last year s record levels. Population growth was more than double the previous year. The majority of employment gains were in full-time jobs. Wages and salaries subsequently continued to increase. The mining, shipbuilding, electrical energy and wood products sectors are facing challenges.
Capital investment is anticipated to be relatively strong despite the completion of major projects.
The provincial unemployment rate is projected to make additional progress. Energy prices are expected to moderate, resulting in lower consumer inflation.