Victoria economy weathering trade crisis, hazards loom on horizon

Victoria has managed to successfully navigate the economic uncertainty created by the ongoing trade dispute with the U.S., but storm clouds are gathering on the horizon.

Those are some of the findings from the Conference Board of Canada's latest outlook for the Victoria economy.

“This year, Victoria will be one of the better performers as its economy is among the most service-centric in the country. With tariffs from the United States and China targeting goods-producing industries (such as aluminum and canola), the city's service-centric economy is relatively insulated. Victoria's per capita GDP will grow by the fastest rate of all cities we cover at 1.1 per cent in 2025," said Shane Brimacombe, senior economist at the Conference Board of Canada.

Victoria's bustling service sector has a