Economic activity in the public sector including education rose in August. (Black Press Media File)

Economic activity in the public sector including education rose in August. (Black Press Media File)

Canadian economy continues to recover but remains behind pre-COVID levels

Tourism hit especially hard on Vancouver Island

Economic activity in the public sector (education, health care and public administration) as well as manufacturing and professional services grew as the Canadian economy continues to recover from COVID-19.

The Canadian economy grew by 1.2 per cent in August, following a 3.1 per cent increase in July, but overall economic activity remains about five per cent below February’s pre-pandemic level.

Increased hiring of educational as well as health care staff contributed to the rise in public sector employment, while various categories of workers in professional services including computer systems design and related services also rose. Economic activity in construction and to a lesser degree manufacturing also rose.

RELATED: Not-so-rosy State of the Island report caps off virtual summit

Economic activity in the accommodation and food services rose 7.3 per cent in August, with the arts, entertainment and recreation sector having grown 13.7 per cent.

But if these sectors of the economy have shown signs of recovery, other sectors including mining, quarrying, and oil and gas extraction continue to struggle, having decreased 1.7 per cent in August. Looking at sub-categories, low global oil prices continue to hurt the oil and gas industry. The industry as a whole dropped 3.9 per cent in August, while economic activity in oil sands extraction dropped 7.5 per cent.

These national figures, however, do not capture the regional picture.

The public heard last month that the tourism sector — a key component of the local economy — continues to struggle on Vancouver Island. According to a presentation by economist Susan Mowbray during last month’s Vancouver Island Economic Alliance summit, ferry travel this year is down 51 per cent, and between April and July, airport traffic was down 82-97 per cent, hotel occupancy was down 51-81 per cent and room rates were down 34-54 per cent.


Do you have a story tip? Email: vnc.editorial@blackpress.ca.

Follow us on Twitter and Instagram, and like us on Facebook.

wolfgang.depner@peninsulanewsreview.com

Just Posted

Cheyenne, six, Savannah, three, and Jeremiah Sinclair, 8, were out on walk with their mother on June 4 when they discovered the first of several hundred fish that died after bleach leaked into Reay Creek. (Wolf Depner/News Staff)
Spill in Sidney’s Reay Creek turns into ecological lesson for local children

Federal-provincial investigation ongoing into what appears to be a bleach spill

Victoria Truth Centre and Long-term Inmates Now in the Community (L.I.N.C.) Society are hoping to replicate in Langford the format used on Emma’s Farm in Mission, pictured here. (Patrick Penner/Black Press Media)
Victoria Truth Centre hopes to grow transformative justice in Langford

Purchase proposal would see offenders, survivors and families work on organic vegetable farm

The stretch of trail north of Royal Bay Secondary connecting to Painters Trail at Murray’s Pond will be closed temporarily this week for invasive species removal. (Black Press Media file photo)
Colwood trail behind Royal Bay Secondary temporarily closed for invasive species removal

Cloure in effect from 9 a.m. Wednesday to 10 a.m. Friday this week

Mural artist Paul Archer will soon begin work on a piece on the rear of a building at 100 Burnside Road West. (Gorge Tillicum Community Association)
Back of Burnside building in Saanich to feature mural of hope and positivity

Artist Paul Archer says subject will inspire memories, depict children’s future, sunshine, flowers

Tyson Muzzillo, regional manager of BC Cannabis Store, welcomes shoppers to their Uptown location, opening on June 16. (Megan Atkins-Baker/News Staff)
Government-run cannabis store opening at Saanich’s Uptown

BC Cannabis Store the first for government in Greater Victoria, 27th in province

People watch a car burn during a riot following game 7 of the NHL Stanley Cup final in downtown Vancouver, B.C., in this June 15, 2011 photo. THE CANADIAN PRESS/Geoff Howe
10 years ago: Where were you during the 2011 Vancouver Stanley Cup Riots?

Smashed-in storefronts, looting, garbage can fires and overturned cars some of the damage remembered today

(Black Press Media file)
Dirty money: Canadian currency the most germ-filled in the world, survey suggests

Canadian plastic currency was found to contain 209 bacterial cultures

(pixabay file shot)
B.C. ombudsperson labels youth confinement in jail ‘unsafe,’ calls for changes

Review states a maximum of 22 hours for youth, aged 12 from to 17, to be placed in solitary

Eleonore Alamillo-Laberge, 6, reads a book in Ottawa on Monday, June 12, 2017. THE CANADIAN PRESS/Sean Kilpatrick
Parents will need to fight ‘COVID learning slump’ over summer: B.C. literacy experts

Parents who play an active role in educating their children this summer can reverse the slump by nearly 80%, says Janet Mort

The border crossing on Highway 11 in Abbotsford heading south (file)
Western premiers call for clarity, timelines on international travel, reopening rules

Trudeau has called Thursday meeting, premiers say they expect to leave that meeting with a plan

The B.C. government’s vaccine booking website is busy processing second-dose appointments, with more than 76 per cent of adults having received a first dose. THE CANADIAN PRESS/Jonathan Hayward
B.C.’s COVID-19 infections, hospitalizations stable for Tuesday

108 new confirmed cases, 139 in hospital, 39 in intensive care

Cowichan Tribes man Adrian Sylvester is worried that he was targetted by a trailer hitch thrown from a vehicle. (Facebook photo)
Cowichan Tribes man worried he was target of trailer hitch

Adrian Sylvester says no one has reported a missing hitch after one nearly hit him

Graeme Roberts, who was mayor of Nanaimo from 1984-86, died this month at age 89. (Photo courtesy Nanaimo Community Archives)
City of Nanaimo flags at half-mast as former mayor Graeme Roberts dies at 89

‘Giant-killer’ beat out Frank Ney in mayoral election in 1984

Most Read