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Budget 2026 projected a deficit of $13.3 billion in February, but the Ministry of Finance said Monday it now expects a deficit of nearly $13.8 billion.
Moody’s Ratings has again downgraded British Columbia’s credit rating, citing the province’s growing operating and capital spending, large structural deficits and rising debt.
British Columbia lost 20,200 jobs in February, a drop of 0.7 per cent, while the province’s unemployment rate held steady at 6.1 per cent, Statistics Canada said.