Tuesday, February 10, 2026
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

Restaurants and bars hope for holiday boom

Restaurants and bars hope for holiday boom
Some restaurants and bars are starting to book holiday parties, both corporate and personal, but it remains to be seen whether bookings will return to pre-pandemic levels,  There are also fears that the winter could bring a wave of cancellations, after last year’s holiday season saw COVID-19 cases skyrocket, and many establishments chose to close their doors for New Year’s Eve.

Restaurants and bars hope for holiday boom

PBO says new dental benefit vulnerable to fraud

PBO says new dental benefit vulnerable to fraud
The PBO recently estimated that the dental benefit will cost $703 million, while the rental support will cost up to $940 million. The dental benefit is meant to be an interim measure while the government works on a more complete dental-care program.

PBO says new dental benefit vulnerable to fraud

Four judicial appointments in British Columbia

Four judicial appointments in British Columbia
The three newly appointed justices include Anita Chan, a Crown prosecutor with 27 years of experience, Joseph Doyle, a private practice lawyer with experience in civil, criminal and administrative law, and Kevin Loo, a former appeal court law clerk and now partner in a Vancouver law firm.

Four judicial appointments in British Columbia

Competition Bureau to study grocery sector

Competition Bureau to study grocery sector
Food retail prices in September rose at the fastest pace since 1981, with prices up 11.4 per cent compared with a year ago. That compared with an overall inflation rate of 6.9 per cent. Although the inflation rate has dropped from its peak of 8.1 per cent in June, food prices are outstripping the overall consumer price index and continue to rise.

Competition Bureau to study grocery sector

Sunak's ascent means stability in Canada-U.K. ties

Sunak's ascent means stability in Canada-U.K. ties
Sunak will be the third British prime minister in less than two months, following the resignations of both Boris Johnson and Liz Truss. Truss spent just six weeks in the role before she was forced to step down following economic turmoil in response to her proposed tax cuts.

Sunak's ascent means stability in Canada-U.K. ties

Anti-violence program for B.C. health-care workers

Anti-violence program for B.C. health-care workers
The BC Nurses Union has been calling for better protective measures for its members for at least 30 years. Its president, Aman Grewal, says nurses are punched, kicked, grabbed and verbally and sexually harassed at increasingly dangerous workplaces, where injury rates are under-reported and higher than those affecting first responders.

Anti-violence program for B.C. health-care workers