Thursday, December 18, 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

Trial for B.C. mayor charged with public mischief

Trial for B.C. mayor charged with public mischief
McCallum ran his campaign against the backdrop of the charge laid last December, four months after he complained to the RCMP that a woman collecting signatures to keep the Mounties in Surrey ran over his foot outside a grocery store.

Trial for B.C. mayor charged with public mischief

NTSB seeks inspection of Canadian-made plane

NTSB seeks inspection of Canadian-made plane
The U.S. National Transportation Safety Board issued an urgent safety recommendation Thursday, calling on Transport Canada and the U.S. Federal Aviation Administration to require immediate inspections of De Havilland Canada DHC-3 airplanes, better known as the DHC-3 Otter.

NTSB seeks inspection of Canadian-made plane

Feds move toward stand-alone dental insurance

Feds move toward stand-alone dental insurance
Health Canada officials, who gave a briefing on the condition they not be named publicly, said that would help the government refine the program before hiring a company to do the work. The Liberals committed to some form of federal dental-care coverage for low-income Canadians in its March confidence and supply agreement with the New Democrats.

Feds move toward stand-alone dental insurance

Freeland's fiscal update coming Thursday

Freeland's fiscal update coming Thursday
The fiscal update, to be presented in the House of Commons, will also share the government's outlook for an economy facing high inflation and staring down a potential recession in the coming months.

Freeland's fiscal update coming Thursday

New storm bears down on coastal B.C.

New storm bears down on coastal B.C.
The incoming storm is also expected to deluge parts of Metro Vancouver, including Coquitlam and Maple Ridge, with more than 100 millimetres of rain before it eases late Sunday and the weather office says rainfall warnings are likely to be issued as the forecasts are refined.

New storm bears down on coastal B.C.

Dental care benefit passes third reading

Dental care benefit passes third reading
Dental care is a pillar of the supply and confidence deal between the Liberals and the NDP. The Liberals promised to launch a federal dental care insurance program by the end of 2022, starting with coverage for children from low- and middle-income families.

Dental care benefit passes third reading