Wednesday, December 17, 2025
ADVT 
National

New B.C. finance minister inherits big surplus

Darpan News Desk The Canadian Press, 08 Dec, 2022 05:59 PM
  • New B.C. finance minister inherits big surplus

VICTORIA - Katrine Conroy says she asked to keep her old job as British Columbia's forests minister because there was unfinished business, but Premier David Eby had other plans and put her in charge of managing the province's finances.

The veteran New Democrat, who was first elected in 2005, said she was surprised she was appointed finance minister in Eby's new cabinet.

Conroy inherits a budget with a projected surplus of $5.7 billion this year, but the good times are not expected to last, with private and government forecasters saying B.C.'s economic growth will dip to less than one per cent next year.

"There's stuff to do," Conroy said Thursday in an interview. "There's big challenges. Actually, I 'm quite honoured he asked me to take on this portfolio."

Eby described his new cabinet as a blend of experienced politicians and energetic newcomers who will focus on big issues facing the province.

The new finance minister will bring a rural perspective to her portfolio, in contrast to the urban-centred views of Eby and other cabinet ministers from larger communities, the premier said on Wednesday.

He noted Conroy lives on a ranch and has been known to participate in family hunting trips.

Conroy said she and her cabinet colleagues will deliberate on how best to address the surplus and the challenges ahead.

"I'm a very collaborative person and I'm going to ensure we're going to carry on doing the things we need to do," Conroy said. "People want us to ensure we're carrying on doing that work around making sure we've got housing for British Columbians and that things are affordable."

Eby's mandate letter for Conroy sets out several priorities, including possibly strengthening the Speculation and Vacancy Tax, working to deliver the renters’ rebate to help bring down costs for renters and providing cost-of-living supports to people in response to global inflation and economic uncertainty.

The NDP government introduced the Speculation and Vacancy Tax in 2018 to discourage housing speculation and vacant homes. The tax also targeted foreign owners and satellite families who have Canadian citizenship but earn their incomes outside Canada.

The government promised a $400 renters' rebate during the 2017 election campaign but has yet to implement the pledge.

Conroy said she agrees with Eby's description of her approach to work and life as a person who is "rural tough."

"It's the truth, I'm from rural B.C. and some of my colleagues are from urban B.C. and we need all voices at the table. We definitely need to hear rural voices at the table. That's what I bring."

Conroy, who has four children and nine grandchildren, lives on a ranch at Pass Creek located just outside of Castlegar in southeast B.C.

Her late husband, Ed Conroy, also served as the area's New Democrat MLA.

Conroy has had a varied career outside of politics, including being one of the province's first female power engineers, a person who supervises, operates and maintains machinery and boilers.

She was also an early childhood educator, director of a multi-service non-profit agency, a college instructor and a small businesswoman.

MORE National ARTICLES

Health spending growth to slow down in 2022: CIHI

Health spending growth to slow down in 2022: CIHI
The total health spending in Canada is still expected to rise by 0.8 per cent this year, however that's much lower than the 7.6 per cent increase seen in 2021, and the 13.2 per cent surge in 2020. The annual report released Thursday said the country's health spending, including public and private expenditure.

Health spending growth to slow down in 2022: CIHI

Rain, wind, snow hit large parts of B.C.

Rain, wind, snow hit large parts of B.C.
Environment Canada says downpours over the inner south coast, including eastern Vancouver Island, Sunshine Coast and Metro Vancouver will deliver between 30 and 70 millimetres of rain. But it says chilly conditions could mean the rain falls as wet snow at slightly higher elevations across Metro Vancouver before conditions warm up on Friday.

Rain, wind, snow hit large parts of B.C.

Hootsuite to lay off five per cent of staff

Hootsuite to lay off five per cent of staff
When restructuring at the Vancouver-based company was announced in August, CEO Tom Keiser said Hootsuite needed to refocus its business so it could drive efficiency, growth, and financial sustainability.  

Hootsuite to lay off five per cent of staff

Trudeau skips COP27 for Tunisia, Asia visits

Trudeau skips COP27 for Tunisia, Asia visits
The Prime Minister's Office says Trudeau will attend the Association of Southeast Asian Nations summit on Nov. 12 in Phnom Penh, Cambodia, before heading to the the G20 Summit in Bali, Indonesia.

Trudeau skips COP27 for Tunisia, Asia visits

Foot injury may not result in fractures: witness

Foot injury may not result in fractures: witness
Dennis Chimich, an expert in the biomechanics of bone fractures, testified for Doug McCallum's defence team, which is presenting evidence to suggest their client was not lying when he told police a woman ran over his foot in a grocery store parking lot. 

Foot injury may not result in fractures: witness

Housing prices remain soft, sales flat, throughout the Fraser Valley

Housing prices remain soft, sales flat, throughout the Fraser Valley
Prices continued to soften, with month-over-month Benchmark prices down slightly across all property categories. For detached homes, prices are on par with October 2021 levels, while townhomes and apartments are up 7.7 per cent and 11.5 per cent, respectively, over 2021.

Housing prices remain soft, sales flat, throughout the Fraser Valley