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Recent Events In Pictures : May - FEI Canada

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DRAFT—September 2011 Issue<br />

<strong>Recent</strong> <strong>Events</strong>:<br />

June<br />

<strong>Recent</strong>ly…<br />

On Thursday, June 7th, we were pleased to host the Deputy Minister of Finance, Peter<br />

Milburn. Peter focused his discussion on the following points:<br />

BC Performance - Decade in Review: Peter's presentation culminated in the very favorable<br />

AAA credit rating that it enjoys while many OECD countries (and Ontario) have seen significant<br />

downgrades.<br />

British Columbia Budget 2012: Peter's presentation on this point culminated in the current<br />

budget's goal of balancing the budget by 2013/14.<br />

Challenges: Peter outlined the challenges of managing spending growth in health, K-12 Education<br />

and Post-Secondary Education. "Prudence remains important" was the message<br />

as he illustrated the potential headwinds such as the Euro Zone and US Consensus outlooks<br />

Looking Ahead: Peter focused on the following areas of opportunities that BC needs to exploit:<br />

<br />

<br />

<br />

<br />

<br />

<br />

diversified export markets<br />

competitive tax rates<br />

sound fiscal management track record<br />

abundant energy sources<br />

Asia Pacific gateway<br />

working to ensure a sustainable health care system.<br />

The entire presentation is on the <strong>FEI</strong> website for anybody interested in reading more.<br />

Jeff Shickele<br />

6

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