Vancouver Board of Trade welcomes balanced prescription for British Columbia



    VANCOUVER, Oct. 23 /CNW/ - The Vancouver Board of Trade, representing
5,800 members, welcomes Premier Gordon Campbell's economic address delivered
Wednesday, October 22.
    "Premier Gordon Campbell struck a fine balance between provincial tax
cuts to business and individuals and bringing forward infrastructure projects
while at the same time, being prudent in managing next year's budget through
spending constraints," said Bernie Magnan, MBA, CMC, CMA, FCMA, chief
economist, The Vancouver Board of Trade.
    "The Premier recognized the need to provide a financial statement in a
time of economic turmoil," he said.
    The Board also approves of businesses aided further by the halving of
school property taxes, and the introduction of spending constraints on
unplanned spending.
    "The Premier also made provision for the future by introducing a
contribution plan for the 75 per cent of British Columbians who have no
pension plan," said Magnan. "The industry contribution to the plan will
provide future economic stability for British Columbians, while at the same
time, providing a source of funding for investment in the province."
    Magnan also applauded other measures, including the one-third cut in
ferry fares for December/January and unlimited deposit protection for credit
union members.
    "Overall - a balanced prescription for the province," Magnan said.





For further information:

For further information: or to interview Bernie Magnan, chief economist,
contact: Communications Director, Terry Hadley, Office direct line: (604)
641-1271, Cell: (604) 644-4793, Email: thadley@boardoftrade.com

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VANCOUVER BOARD OF TRADE

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