A British Columbia government report says Canada could see a bonanza of another C$230 billion a year in trade and as many as 500,000 new jobs by 2020 -- if the country gets behind plans for massive new port and transportation projects.
The report, leaked to the Vancouver Sun, is likely to stoke the upcoming federal election campaign and encourage examination of B.C.'s ties to Asia. Completing the projects on the government's wish list could eclipse the planned trade-related development in Washington and Oregon.
The report assumes constant growth in Asia and no disruption in trans-Pacific trade. B.C. would gain 55,000 direct jobs by 2020, with the rest indirect or in other provinces. According to the report, B.C. would see about $76 billion of the additional trade in goods and services, the equivalent of 50 percent of B.C.'s current trade activity.