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Host Peter McCully chats with economist Jock Finlayson, who discusses a range of economic and societal issues affecting British Columbia, providing valuable insights. The former chief policy officer for the Business Council of Canada now serves with the Independent Contractors and Businesses Association.
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When asked about interest rates, the economist mentioned a potential rise in insolvencies and bankruptcies due to the challenging financial environment, emphasizing interest rates are likely to decline in the coming months, advising people to wait before taking out loans.
The discussion turns to government regulations on short-term vacation rentals and the challenges of balancing policy measures with economic principles.
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The podcast also explores the complexities of the tax system and the need for a simpler, flatter income tax structure.
The challenges of affordability, supply and demand for electric vehicles are discussed, emphasizing the need for realistic targets in the transition to electrification.
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