PG benefiting more from being a services sector than wood sector

Despite a continued trade war between Canada and the US, Prince George’s economic growth may not be as harshly affected as other northern areas.

The softwood lumber industry has been met with challenges from the wildfires to the tariffs imposed on wood shipments across the border.

However, PG Charter Professional Accountant Stan Mitchell says the city may be thought of as a lumber driven place but there are other areas we are thriving in.

“Prince George has really grown to become a service sector hub for Northern British Columbia and central BC in particular.”

mitchell says you can look back at 2008 and see the reason PG wasn’t as badly affected is because of our services in areas like construction filling the gap in the job market and production.

This shift in image will also help with growth for 2018 and 2019.

“The Gross Domestic Product will increase in 2018 and 2019 by about 1.9 per cent and a report is also calling on the employment to grow by about 2 and a quarter in 2018 and one per cent in 2019.”