Some highlights from B.C.’s 2025 budget

British Columbia’s Finance Minister Brenda Bailey delivered the fiscal plan for the coming year just hours after U.S. President Donald Trump made good on his threat from months ago to impose 25-per-cent tariffs on almost all Canadian exports. It meant that many of the assumptions included in hundreds of pages of documents bolstering B.C.’s economic plan, numbers from months ago, were already out of date.In February, the Finance Ministry crunched the numbers anew, assuming 25-per-cent tariffs on most Canadian exports, except for energy and critical minerals with a 10-per-cent tariff. The ministry also assumed economic support from Ottawa and lower interest rates from the Bank of Canada.