The Vancouver Sun, a broadsheet daily paper first published in 1912, has the largest circulation in the province of British Columbia.
Call 2011 a tale of two economies, which proved a boon to British Columbia on one hand, but still prompted wary concern on the other. Asia, particularly China, fairly rocketed forward in the post-recession recovery, carrying B.C.’s resource industries with it. Coal miners cashed in on record high prices, lumber producers continued to make record sales to China and resource developers rushed to push projects along, from new mines to pipelines and natural gas liquefaction plants.
B.C.’s real estate markets carried on from 2010’s strong rebound thanks in large part to an influx of investment from Asian investors and immigrants that helped push home prices in select markets up to levels that confounded observers and skewed average prices nationally. Yet provincial unemployment, while trending down, remained uncomfortably high and concerns remained about exposure to the markets that struggled.
The United States remained in the doldrums, Europe struggled through a sovereign debt crisis and the resulting fears of both regions sliding back into recession side-swiped expectations for stronger global growth.