OPINIONS

Deficits and Dreams: B.C. Cannot Afford Fiscal Uncertainty

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British Columbia’s latest Public Accounts (2024/25) reveal a $7.35 billion deficit—smaller than forecast, but still one of the largest in provincial history. Finance Minister Brenda Bailey has framed the result as proof that B.C. can invest heavily in housing, healthcare, and climate resilience while keeping debt manageable (see the provincial news release). Yet beneath the good-news headline lies a more pressing concern: without a clear, long-term fiscal plan, the province risks drifting into a cycle of uncertainty that could undermine both its economic stability and public confidence.

Why the smaller-than-forecast deficit still matters

The uneasy balance between fuelling urgent public investments and safeguarding fiscal sustainability is fragile. Yes, infrastructure and social spending can pay long-term dividends, but persistent deficits—combined with shifting priorities—create signals that markets notice. In April 2025, both Moody’s and S&P Global Ratings downgraded B.C.’s credit and maintained negative outlooks, citing fiscal drift and weak visibility on balancing the books. Lower ratings can mean higher borrowing costs and tighter room for new projects.

Debt trends and the cost of waiting

The audited statements show total provincial debt at $133.88 billion and taxpayer-supported debt at $99.09 billion—a sharp increase over two years (Public Accounts, Key Indicators). When debt rises faster than the plan behind it, municipalities, investors, and households face moving targets—stalling projects and raising costs. For ongoing rating context, see the province’s official credit ratings page.

How fiscal uncertainty hits the ground

Lingering budgetary uncertainty isn’t abstract—it shows up quickly. Municipal projects tied to provincial funding can be delayed or downsized; private-sector partners may hesitate to commit; and public expectations can outpace what the treasury can deliver.

What a disciplined plan should include

  • Clear debt anchors: publish targets (e.g., debt-to-GDP; taxpayer-supported debt) and report against them regularly.
  • Transparent multi-year budgets: rolling 3–5-year operating and capital plans with plain-language reconciliations each quarter.
  • Contingency planning: stronger reserves for economic shocks and climate-related emergencies so surprises don’t blow up the plan.
  • Independent review: post-project audits for major capital builds to show outcomes and value for money.

Bottom line

Better-than-expected is not the same as on a sustainable path. The audited Public Accounts confirm the $7.35B deficit, while dual downgrades from Moody’s and S&P flag the risk of policy drift. B.C. can invest in people and infrastructure—if ambition is matched with a disciplined, transparent plan.

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OPINIONS

Canada—and British Columbia especially—feels like it’s standing at a crossroads

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Opinion by Chad Dashly

People are tired. Not just politically tired. Financially tired. Emotionally tired. Tired of working harder every year only to watch groceries climb, housing drift further out of reach, and small businesses struggle under the weight of taxes, regulation, and uncertainty.

And while regular people tighten their belts, governments keep acting like the solution to every problem is another announcement, another consultant, another bureaucracy.

The disconnect is growing.

You can feel it when young people quietly admit they may never own a home in the communities where they grew up. You can feel it when seniors choose between prescriptions and groceries. You can feel it when small business owners—the backbone of every town in this province—wonder whether it’s still worth the risk to keep going.

British Columbians are not asking for miracles. They are asking for competence. Stability. Common sense.

That is why political movements across Canada are changing so quickly right now. People are no longer satisfied with polished talking points and carefully scripted politics. They want leaders who understand what it feels like to run payroll, balance a household budget, or worry about the future their kids are inheriting.

The rise of grassroots conservative energy in BC is not happening because people suddenly became angry overnight. It is happening because many voters feel ignored by institutions that no longer seem connected to everyday life.

And here’s the reality many political insiders still fail to understand: this isn’t just about ideology anymore. It’s about trust.

Trust that governments will spend responsibly.

Trust that public safety matters.

Trust that hard work still means something.

Trust that communities—not just political brands—come first.

At the same time, conservatives also face a choice. Winning frustration is easy. Building confidence is harder.

British Columbians do not want endless outrage. They want steady leadership. They want solutions that lower the temperature instead of raising it. They want leaders who can disagree without dividing neighbours against each other.

The next phase of politics in BC will belong to the people who understand both sides of that equation:

  • the frustration people feel,
  • and the hope they still want to believe in.

Because despite everything, British Columbians remain remarkably resilient. Communities still show up for each other. Volunteers still carry organizations that governments alone cannot replace. Entrepreneurs still take risks. Families still sacrifice to build something better.

That spirit is still here.

The question now is whether political leadership can catch up to the people it is supposed to serve.

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OPINIONS

Elliott Leads, but the Real BC Conservative Race Starts in the Transfer Rounds

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The Current Newsroom Chad Dashly

The BC Conservative leadership race has now reached the point where the easy takes are falling apart.

A few weeks ago, the clean read was that Peter Milobar looked like the safe, establishment-friendly frontrunner. He had caucus experience, public profile, and the kind of resume that usually gives party insiders comfort. If you were sketching the race from a distance, he looked like the guy with the most obvious path. Then the Pallas survey landed, and suddenly the board changed.

Now the public picture says Caroline Elliott is out front, Kerry-Lynne Findlay is in striking distance, Iain Black is still lurking as a live option, and Milobar has slid badly in the visible numbers. Yuri Fulmer, at least from the public data, looks like he is running out of road. That does not mean the race is over. It means the race is finally being understood for what it is: not a headline contest, but a mechanics contest.

That matters, because this is not a normal one-ballot vote. This is a ranked ballot, riding-weighted leadership race. Those are very different animals. In this kind of race, being first is good. Being broadly acceptable is better. And being hated by fewer people than your rivals can sometimes matter more than leading the first count.

That is why Elliott’s current position is stronger than just “31 percent in a poll.” If she is leading on first preferences and if a large share of members are failing to rank all the way down the ballot, she benefits twice. She starts ahead, and ballot exhaustion can lower the bar she has to clear in the final rounds. That is a huge advantage in a ranked system. You do not need to dominate the room. You need to survive it and still be standing when the math tightens.

But there is a catch. Elliott’s lead is public, not final. The Pallas survey was commissioned by her campaign, which does not make it fake, but it does mean nobody should treat it like holy scripture. Campaign-sponsored polling is useful for spotting movement. It is not the same as neutral gospel. So the smart read is not “Elliott has won.” The smart read is “Elliott has the clearest path today.”

Findlay is the candidate who benefits most from that distinction. She does not need to lead the first count to win. She needs to become the principal landing spot for everyone who does not want Elliott. That is a real path in a five-candidate field. If Fulmer voters break her way, if Milobar voters see her as the steadier alternative, and if enough Black supporters choose her over Elliott in a final round, she can absolutely come through the middle and win the thing. Not because she was the loudest. Because she was the last consensus option standing.

Black is even more interesting. He is the kind of candidate who can look weaker in a simple poll than he really is in a ranked contest. Third place in first choices is not fatal if you are the second choice of a lot of people. The problem for him is simple: he needs too many things to go right. He has to absorb enough lower-tier support early, then jump Findlay, then beat Elliott head-to-head. That is possible. It is just a narrower bridge.

And then there is Milobar, whose problem is not just the drop in numbers. It is the narrative collapse. Leadership races are psychological as much as mathematical. Once a candidate goes from “likely winner” to “why is he fading?” that becomes its own problem. Donors get jumpy. Volunteers lose swagger. Supporters start thinking strategically instead of loyally. A campaign can survive bad numbers. It struggles more to survive the smell of decline.

What this race is really revealing, though, is something bigger than the candidates themselves. The BC Conservatives are no longer a tiny protest club where a few insiders can settle things with a few phone calls and a familiar surname. With more than 42,000 eligible members in the mix, this is now a serious political organization with mass-membership dynamics. That changes everything. It means factions matter. Geography matters. Turnout operations matter. Data matters. Message discipline matters. You can no longer bluff your way through on reputation alone.

And that may be the most important takeaway of all. This contest is testing whether the party is becoming a real governing contender or just a larger version of its old self. Real parties do not just pick leaders. They stress-test coalitions. They find out whether their members want a fighter, a manager, a consensus-builder, or a disrupter. They find out whether they are animated by anger, ambition, discipline, or identity. This race is doing all of that in real time.

So where does that leave things now?

Elliott has momentum and the clearest first-ballot advantage. Findlay has the most plausible comeback route. Black has the most interesting upset path. Milobar looks like the candidate who most needs a dramatic late correction. Fulmer looks like he needs a miracle or a hidden organizational map that the public cannot yet see.

That is the state of play.

The lazy analysis says this race is about who is ahead. The better analysis says it is about who is acceptable, who is organized, and who can unite the pieces once the counting starts. In ranked leadership races, the winner is not always the person who excites the most people first. Sometimes it is the person the fewest people can live without by the end.

And right now, that is why Elliott looks strongest.

But strongest is not the same as safe.

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OPINIONS

BC Conservative Leadership Race: 24 Hours to Go

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High-stakes leadership contest enters its final hours

24 Hours to Go: The BC Conservative Leadership Race Hits the Final Hour

Key Takeaways

  • The BC Conservative leadership race has shifted from a crowded field to a battle between organized factions.
  • Endorsements and candidate exits have reshaped the race into a strategic second-ballot fight.
  • Four forces dominate: establishment candidates, outsider momentum, grassroots support, and electability concerns.
  • The outcome may hinge on second-choice ballots rather than first-ballot strength.
  • The real challenge begins after the vote: party unity, messaging, and expanding voter support.

The Deep Dive

There are leadership races—and then there’s whatever this has become.

With just 24 hours before ballots lock, the BC Conservative leadership race has evolved from a chaotic free-for-all into something far more consequential: a coalition war disguised as a vote. What began with a wide-open field of candidates has narrowed into a tightly contested battle between competing factions, each fighting not just to win—but to define the future of the party itself.

Early in the race, the field was crowded. Candidates from across the political spectrum within the party—MLAs, business leaders, activists, and political veterans—jumped in, sensing opportunity in the aftermath of internal upheaval. But as the campaign unfolded, the race began to eat itself.

Withdrawals, endorsements, and strategic exits quickly reshaped the landscape. Former contenders aligned behind stronger campaigns, consolidating support into distinct blocs. What remains is no longer a wide-open contest—it is a structured, disciplined, and highly strategic fight that will likely be decided on subsequent ballots.

At this late stage, four defining forces have emerged.

The Establishment Play

Candidates representing experience and institutional credibility have positioned themselves as the steady hand option. Their argument is straightforward: competence and professionalism are the keys to forming government. But in a membership-driven race, the question remains whether voters are seeking stability—or disruption.

The Outsider Surge

Momentum has also built around candidates who have successfully consolidated support through endorsements and organizational strength. This is not a personality-driven surge—it is a network-driven one. Late-stage consolidation has turned endorsements into political currency, and those who have gathered them may hold the advantage when ballots are counted.

The Grassroots Wildcard

One of the most unpredictable elements in the race has been the steady presence of grassroots-backed candidates. While others rose and fell, these campaigns maintained a consistent base of support. In a preferential ballot system, that stability can prove decisive—especially when second and third choices come into play.

The Electability Argument

Hovering over the entire race is a single question: who can actually win a general election? For many members, this consideration outweighs ideology or factional loyalty. The belief that the party is within reach of power has elevated electability into a central issue—and potentially the deciding factor.

Behind the scenes, the campaign has entered its final and most critical phase. This is no longer about messaging or momentum. It is about numbers.

  • Membership lists are being fully mobilized
  • Second-choice preferences are being negotiated
  • Endorsements are being leveraged for maximum impact
  • Campaign teams are making final calls to lock in support

The expectation among insiders is clear: this race will not be decided on the first ballot. And when it moves to transfers, the dynamics shift entirely. Alliances matter more than enthusiasm. Organization matters more than noise.

Why It Matters

This leadership race is about more than selecting a new leader—it is about determining whether the BC Conservative Party can function as a unified political force.

The party has recently endured significant internal strain, including leadership turmoil, caucus divisions, and public infighting. Despite this, it finds itself in a position of opportunity, within striking distance of forming government. That combination—momentum paired with instability—creates both potential and risk.

The next 30 days will be critical.

First, unity. Will the losing factions rally behind the winner, or will divisions deepen? Leadership races often leave scars, and how quickly they heal will determine the party’s trajectory.

Second, message discipline. The party must pivot from internal conflict to a clear and compelling case to voters. That transition is rarely smooth, but it is essential.

Third, voter expansion. While the Conservatives have strong support outside major urban centres, success in the Lower Mainland will be crucial. Without it, forming government remains unlikely.

Finally, political contrast. The governing party will move quickly to define the new leader. There will be little room for error and no extended honeymoon period.

In the end, the significance of this moment lies not just in who wins—but in what follows.

The BC Conservative leadership race represents a party at a crossroads: close enough to power to matter, but divided enough to falter. Within 24 hours, a leader will be chosen.

What remains uncertain is whether that choice will unify the party—or trigger the next phase of internal conflict.

In BC politics, those outcomes are often closer than they appear.

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