BC NEWS
Stalling Growth: Canada’s Economy Shrinks at End of 2025 as Rate Cut Pressure Mounts
Canada’s GDP shrank at the end of 2025 as businesses cut inventories. Discover how this impacts the Bank of Canada’s rate cut timeline and 2026 growth.
The 2025 Economic Cold Snap
The Canadian economy experienced a sharper-than-expected cooling at the end of 2025, leaving policymakers and investors scrambling to recalibrate their expectations for the coming year. Data released today reveals that the national Gross Domestic Product (GDP) contracted during the final quarter, a move largely attributed to a significant reduction in business inventories. This trend of “destocking”—where companies sell off existing goods rather than producing or importing new ones—acted as a significant drag on economic output, offsetting gains in other sectors.
Understanding the Inventory Impact
Economists point to the inventory drawdown as a sign of business caution. After several years of supply chain volatility, many firms had built up substantial cushions of stock. As consumer demand softened throughout the latter half of 2025, businesses prioritized clearing these backlogs to improve cash flow and reduce carrying costs in a high-interest-rate environment. While this process is technically a subtraction from GDP, some analysts view it as a necessary correction that sets the stage for future growth when restocking eventually resumes. However, the immediate impact has been a cooling of the headline growth figures that far exceeded analysts’ initial fears.
The Bank of Canada’s Policy Dilemma
The latest figures place the Bank of Canada (BoC) in a delicate position. For months, the central bank has maintained a holding pattern, waiting for clear evidence that inflation is sustainably returning to its two percent target. However, the current growth trajectory for the first quarter of 2026 is trending at approximately 1.0 percent, significantly underperforming the BoC’s own forecast of 1.8 percent. This underperformance suggests that the economy is cooling more rapidly than anticipated, potentially opening the door for rate cuts sooner than the mid-2026 consensus previously held by many market participants.
Expert Perspectives on Growth and Rates
Andrew Grantham, a senior economist at CIBC, noted that while today’s data might not be enough to move the central bank immediately, the outlook is shifting. Grantham highlighted that any negative trends in the job market, which has so far remained relatively resilient, would be the likely catalyst for a change in the BoC’s thinking. Similarly, Douglas Porter, chief economist at BMO, described the current growth as “mild” at best, suggesting that while the door to rate cuts is “slightly ajar,” the central bank is not quite ready to walk through it just yet. The cautious tone from the BoC reflects a fear of cutting too early and reigniting inflationary pressures, particularly in the housing market.
Silver Linings in the Revision Data
Despite the weak finish to 2025, the report offered some positive news in the form of historical revisions. The GDP figures for the second quarter of 2025 were revised from a -1.8 percent contraction to a much shallower -0.9 percent. Dominique Lapointe, director of macro strategy at Manulife Investment Management, pointed out that these revisions mean the economy was actually on firmer footing heading into the second half of the year than previously understood. This revision effectively aligns the total size of the Canadian economy by year-end with earlier, more optimistic forecasts, despite the fourth-quarter stumble.
A Cautious Outlook for 2026
As Canadians look toward the remainder of 2026, the economic narrative remains one of caution. Consumers, squeezed by the lingering effects of high debt-servicing costs, have pulled back on discretionary spending. This was evident in the third-quarter data, which was also revised downward to 2.4 percent annualized growth from 2.6 percent. Economists described that period as a “mixed bag,” where growth was artificially supported by a drop in imports rather than a surge in domestic productivity. For the average Canadian household, the primary concern remains whether the current slowdown will translate into broader job losses or if the economy can achieve the elusive soft landing that the Bank of Canada has been aiming for.
BC NEWS
Darrell Jones: From Grocery Clerk to Leadership Contender in British Columbia
Current News Room – Chad Dashly
British Columbia has long been shaped by leaders who built their careers outside of politics before stepping into public life. Few embody that tradition more clearly than Darrell Jones, a longtime business executive who rose from humble beginnings in a small B.C. town to become one of the province’s most recognizable corporate leaders.
Jones grew up in Cranbrook, British Columbia, a community in the East Kootenay region known for its strong work ethic and resource-driven economy. Like many young people in smaller B.C. communities, his first job came early. As a teenager, Jones began working as a grocery clerk at a local Overwaitea Foods store—bagging groceries, stocking shelves, and helping customers.
What started as a part-time job soon turned into a career.
Jones steadily worked his way through the ranks of the company, learning every aspect of the grocery business along the way. His ability to connect with employees and understand the needs of customers helped him rise quickly through management roles across British Columbia. Over time, he held leadership positions in multiple stores and regional operations, gaining experience in everything from logistics and supply chains to team leadership.
Eventually, Jones was appointed President of Save-On-Foods, one of Western Canada’s largest grocery chains. The company, part of the Jim Pattison Group, operates dozens of stores across the province and employs tens of thousands of workers. As president, Jones oversaw an organization with more than 30,000 team members and served millions of customers every year.
During his tenure, the company expanded its store network, strengthened its supply chain, and navigated major shifts in the grocery industry, including the rise of online ordering and home delivery. The experience gave Jones a reputation as a practical, operations-focused leader who values efficiency, customer service, and strong workplace culture.
Supporters often point to Jones’s background as a key strength. Unlike many politicians who spend their careers in government or party organizations, Jones built his reputation in the private sector. His supporters argue that this experience brings a results-oriented approach to leadership—one focused on solving problems, managing large organizations, and delivering measurable outcomes.
That perspective has become central to his public message. Jones frequently frames his leadership style around accountability and fiscal discipline, emphasizing the importance of making every dollar count and ensuring government programs deliver real value to taxpayers.
In recent years, Jones has stepped more directly into the political arena. His entry into provincial politics reflects a broader trend in British Columbia, where voters increasingly look for leaders with experience managing complex organizations and navigating economic challenges.
As a leadership contender within the Conservative Party of British Columbia, Jones has positioned himself as a candidate focused on economic growth, responsible government spending, and improving affordability for families across the province.
His message often resonates with voters concerned about rising living costs, housing affordability, and the long-term economic direction of the province.
Regardless of the outcome of the leadership race, Jones’s story—from grocery clerk to corporate executive to political contender—reflects a classic British Columbia narrative: a career built through hard work, steady advancement, and a deep connection to the communities that shaped him.
For many observers, that journey may prove to be his most compelling political credential.
BC NEWS
Severe Winds Knock Out Power for Thousands Across North Okanagan
Strong winds cause widespread power outages in the North Okanagan, affecting thousands in Armstrong, Cherryville, and Westside Road. BC Hydro crews on site.

Widespread Outages Hit North Okanagan Communities
Residents across the North Okanagan faced a turbulent Sunday as powerful wind gusts swept through the region, downing trees and disrupting the electrical grid. At the peak of the storm, thousands of BC Hydro customers found themselves without electricity, with service interruptions spanning from the northern reaches of Westside Road up to the community of Armstrong.
BC Hydro Responds to Tree Damage
The primary cause of the disruptions has been identified as heavy winds blowing trees and branches into power lines. One of the most significant impacts occurred in the Cherryville area along Highway 6, where 839 customers lost power shortly before 9:00 a.m. Crews were dispatched to clear debris and repair infrastructure as the Southern Interior continues to grapple with persistent wind conditions. While power has been restored to many in Armstrong and along Westside Road as of Sunday afternoon, hundreds remain in the dark as technical teams prioritize repairs.
Ongoing Restoration Efforts
Smaller localized outages have also been reported in Okanagan Centre, Salmon Arm, and the Creighton Valley area. In Creighton Valley alone, approximately 37 customers are waiting for reconnection following damage to local equipment. BC Hydro officials emphasize that while crews are working as quickly as possible, the safety of technicians remains a priority as strong winds are expected to persist throughout the day. Residents are reminded to stay at least 10 meters back from any downed power lines and report emergencies to 911 immediately.
Regional Weather Patterns
This surge in outages coincides with a broader weather system moving through British Columbia’s Interior, bringing high-velocity winds that often challenge aging infrastructure and weakened trees. For those still without service, BC Hydro maintains a live outage map to provide real-time updates on restoration estimates and crew assignments. As the wind event continues, residents are advised to secure loose outdoor items and prepare emergency kits in the event of further interruptions.
BC NEWS
Canada’s Time Crisis: Why British Columbia is Ending the Clock Change While Others Wait for a Domino Effect
British Columbia is ending seasonal time changes permanently, but the rest of Canada remains locked in a collective action dilemma over daylight saving time.

The Last ‘Spring Forward’ for British Columbia
As Canadians across the country prepare to nudge their clocks forward one hour this Sunday, residents of British Columbia are doing so with a unique sense of finality. Premier David Eby confirmed this week that the province is moving forward with a long-awaited plan to adopt permanent, year-round daylight saving time. The move marks the end of a decades-long debate in the Pacific province, effectively terminating the biannual ritual of ‘springing forward’ and ‘falling back’ that has governed Canadian life for generations.
The decision is rooted in both public health and overwhelming popular demand. Premier Eby highlighted the practical disruptions caused by the shift, noting that children and pets do not recognize the arbitrary change in time, leading to lost sleep for parents and increased stress for families. “When we change our clocks twice a year, it creates all kinds of problems,” Eby stated during the announcement. Beyond mere inconvenience, the Premier pointed to a spike in car accidents and a general decline in public well-being as primary drivers for the policy shift.
A History of Public Mandate and Political Stalling
British Columbia’s road to permanent daylight time has been long. In 2019, the province conducted one of the most successful public consultations in its history, with a staggering 93 per cent of the 223,000 respondents indicating they wanted to scrap the time change. While former premier John Horgan attempted to implement the change several times, the province initially hesitated, hoping to maintain alignment with southern neighbors in Washington, Oregon, and California.
However, B.C. has now decided to lead the charge. This bold move highlights a growing frustration with what political scientists call a ‘collective action problem.’ Peter Graefe, a political scientist at McMaster University, suggests that many jurisdictions are waiting for a leader to prove that the transition can be seamless. “Maybe it does take one place to move and it will have some impact in having other places saying, ‘Look, the sky didn’t fall, maybe we’ll try it as well,’” Graefe noted.
The Eastern Gridlock: Ontario and Quebec
In Central Canada, the situation is more complex. The Ontario legislature passed a bill in November 2020 that would end the time change, but with a significant caveat: the law only triggers if Quebec and New York State follow suit. This interdependence is driven by the need for economic and logistical synchronization, particularly regarding the stock markets and cross-border trade. Premier Doug Ford has expressed an openness to ending the practice, stating that Ontario will “eventually” stick with daylight saving time to stay in step with the rest of North America, but for now, the province remains in a holding pattern.
Quebec has similarly signaled that while they recognize the public desire to end the time change, no immediate legislative action is planned. Government officials in Nova Scotia, New Brunswick, and Manitoba have also confirmed they are not currently pursuing a change, citing the need for regional alignment to avoid creating a patchwork of time zones that could disrupt travel and commerce.
The Prairie Divide
The debate remains particularly contentious in Alberta. In a 2021 municipal referendum, Albertans narrowly voted to keep the biannual change, with the ‘stay’ side winning by fewer than 3,000 votes. Despite this, the government led by Danielle Smith is re-examining the issue. Finance Minister Nate Horner recently suggested that the conversation is “probably coming towards us” again, as the government weighs the impact on airline schedules and professional sports against the potential health benefits.
Calgary Mayor Jyoti Gondek, however, has expressed skepticism about reopening the debate, suggesting that the narrow victory in 2021 should stand as a settled matter so that the government can focus on more pressing economic priorities.
The Biological Cost of Shifting Time
While the political debate focuses on trade and convenience, health experts are sounding the alarm on the biological toll of the time change. Rebecca Robillard, co-chair of the Canadian Sleep Research Consortium, argues that the issue is far more significant than losing a single hour of sleep. “It actually disrupts the alignment between the biological clock and the natural cycle of the sun,” she explained. This misalignment affects hormone release, insulin regulation, and metabolism.
Robillard points to a chilling list of ramifications associated with the time shift, including increased rates of stroke, heart attacks, mood swings, and even pregnancy complications. From a clinical perspective, the sudden shift forces the body into a state of ‘social jetlag’ that can take weeks to resolve.
The Counter-Argument: The Need for Morning Light
Despite the momentum for permanent daylight saving time, some experts warn of the downsides of year-round DST—specifically the loss of morning light in the winter. Patricia Lakin-Thomas, a professor at York University, notes that our circadian clocks are reset by morning light. Under permanent daylight saving time, some parts of Canada would not see the sun rise until nearly 10:00 a.m. in the middle of winter.
“Everybody loves the idea when you first announce it… but in the winter, we just hate it,” Lakin-Thomas warned. She argues that standard time is actually better for human health because it aligns more closely with the solar cycle, providing the morning light necessary to speed up our internal clocks and keep us in sync with the 24-hour day. As British Columbia embarks on this legislative experiment, the rest of the country—and the scientific community—will be watching closely to see if the benefits truly outweigh the costs.
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