2007-10-12

Royal Bank issues cautious outlook for B.C. after 2010 Games

A lack of major spending projects after the 2010 Winter Olympics and more pine beetle devastation to the forest industry warrants a cautious outlook for British Columbia's economy next decade, the Royal Bank said today.

While an increasingly diversified economy is key to solid growth this year and next, the bank's latest provincial economic outlook says weaknesses in some resource sectors are starting to show.