Economic activity in the public sector including education rose in August. (Black Press Media File)

Economic activity in the public sector including education rose in August. (Black Press Media File)

Canadian economy continues to recover but remains behind pre-COVID levels

Tourism hit especially hard on Vancouver Island

Economic activity in the public sector (education, health care and public administration) as well as manufacturing and professional services grew as the Canadian economy continues to recover from COVID-19.

The Canadian economy grew by 1.2 per cent in August, following a 3.1 per cent increase in July, but overall economic activity remains about five per cent below February’s pre-pandemic level.

Increased hiring of educational as well as health care staff contributed to the rise in public sector employment, while various categories of workers in professional services including computer systems design and related services also rose. Economic activity in construction and to a lesser degree manufacturing also rose.

RELATED: Not-so-rosy State of the Island report caps off virtual summit

Economic activity in the accommodation and food services rose 7.3 per cent in August, with the arts, entertainment and recreation sector having grown 13.7 per cent.

But if these sectors of the economy have shown signs of recovery, other sectors including mining, quarrying, and oil and gas extraction continue to struggle, having decreased 1.7 per cent in August. Looking at sub-categories, low global oil prices continue to hurt the oil and gas industry. The industry as a whole dropped 3.9 per cent in August, while economic activity in oil sands extraction dropped 7.5 per cent.

These national figures, however, do not capture the regional picture.

The public heard last month that the tourism sector — a key component of the local economy — continues to struggle on Vancouver Island. According to a presentation by economist Susan Mowbray during last month’s Vancouver Island Economic Alliance summit, ferry travel this year is down 51 per cent, and between April and July, airport traffic was down 82-97 per cent, hotel occupancy was down 51-81 per cent and room rates were down 34-54 per cent.


Do you have a story tip? Email: vnc.editorial@blackpress.ca.

Follow us on Twitter and Instagram, and like us on Facebook.

wolfgang.depner@peninsulanewsreview.com

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

VicPD is warning the public after a man paid $460 for fake gold jewelry. (Unsplash)
Police issue warning after Victoria man pays $460 for fake gold jewelry

Suspects flagged victim down and took him to ATM

The Sooke Christmas Bureau, which serves over 400 hampers to families and residents in need, has extended their deadline to include anyone in need that has missed their Dec. 1 cutoff. (Black Press Media file photo)
Sooke Christmas Bureau extends deadline for hampers

Non-profit group says monetary donations goes further than non-perishables

Sidney’s Mary Winspear Centre likely won’t be hosting a farmer’s market originally scheduled for Central Saanich after all after municipal staff in Sidney did not issue the necessary license.
Proposed farmer’s market for Sidney likely to be cancelled

Market was scheduled for Saturday, Dec. 5 in the parking lot of Mary Winspear Centre

Traffic will be affected as View Royal does road work from Dec. 3 to Dec. 5 on the Island Highway at Wilfert Road. (Image courtesy Town of View Royal)
Road work hinders traffic in View Royal on Island Highway at Wilfert Road

Work scheduled for Dec. 3 to 5, weather dependent

Carmen Robinson was last seen getting off a bus in View Royal the evening of Dec. 8, 1973. Her case remains unsolved 47 years later. (Greater Victoria Crime Stoppers)
Gone cold: Fate of View Royal teen remains a mystery, 47 years after her disappearance

Carmen Robinson, 17, was last seen exiting a bus in View Royal in December 1973

(AP Photo/Paula Bronstein)
POLL: Has COVID-19 changed your plans for the holidays?

The lights are going up, the stacks of presents under the tree… Continue reading

Anyone with information on any of these individuals is asked to call 1-800-222-TIPS (8477) or visit the website victoriacrimestoppers.ca for more information.
Greater Victoria Crime Stoppers wanted list for the week of Dec. 1

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

A coal-fired power plant seen through dense smog from the window of an electric bullet train south of Beijing, December 2016. China has continued to increase thermal coal production and power generation, adding to greenhouse gas emissions that are already the world’s largest. (Tom Fletcher/Black Press)
LNG featured at B.C. energy industry, climate change conference

Hydrogen, nuclear, carbon capture needed for Canada’s net-zero goal

An RCMP officer confers with military rescuers outside their Cormorant helicopter near Bridesville, B.C. Tuesday, Dec. 1. Photo courtesy of RCMP Cpl. Jesse O’Donaghey
Good Samaritan helped Kootenay police nab, rescue suspect which drew armed forces response

Midway RCMP said a Good Samaritan helped track the suspect, then brought the arresting officer dry socks

People line up at a COVID-19 assessment centre during the COVID-19 pandemic in Scarborough, Ont., on Wednesday, December 2, 2020. Toronto and Peel region continue to be in lockdown. THE CANADIAN PRESS/Nathan Denette
COVID-19 vaccine approval could be days away as pressures mount on health-care system

Many health officials in regions across the country have reported increasing pressures on hospitals

(Needpix.com)
Pandemic has ‘exacerbated’ concerns for B.C. children and youth with special needs: report

Pandemic worsened an already patchwork system, representative says

Jon Lefebure went back to construction after losing the 2018 mayor’s post in North Cowichan to work on the Cottages On Willow. (Photo by Don Bodger)
Former Island mayor retools priorities with construction project

Fresh air a benefit and satisfaction results from building eight-unit housing complex in Chemainus

Most Read