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CALGARY — Some business leaders in Canada are expressing concerns that the fallout from British Columbia's election is discouraging the private sector from investing in the province.
Val Litwin, the president of the B.C. Chamber of Commerce, says the promises in NDP-Green agreement to block the Trans Mountain expansion, review the Site C dam, increase the hourly minimum wage to at least $15 and hike the carbon tax have done little to calm investor nerves.
Litwin says he hopes the NDP, should it form a minority government with the help of the Greens, would consult with businesses before making tax changes or raising the minimum wage as they would end up paying those costs.
Gary Leach, the president of the Explorers and Producers Association of Canada, says the resolution to immediately stop Kinder Morgan's Trans Mountain expansion project would send a chilling message to investors across Canada.
Liberal Premier Christy Clark has said she will recall the provincial legislature in June where she expects a confidence vote will result in the probable defeat of her government.
The Liberals won 43 seats in the May 9 election, one shy of a majority, but the formal, four-year agreement between the Greens and NDP would give them 44 seats, handing them a one-seat majority.
The Canadian Press
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