GUEST COLUMN: Budget 2019 can be good for small business

Many Newfoundlanders and Labradorians think the provincial economy has been slow in recent years, but, according to Statistics Canada data, it actually grew in 2016 and 2017. The main driver was the oil and gas industry as oil prices and oil production increase. Unfortunately, the economic growth of the last two years has not been felt “on the ground” and there is a good likelihood this will continue in the short-term. Many Newfoundlanders and Labradorians think the provincial economy has been slow in recent years, but, according to Statistics Canada data, it actually grew in 2016 and 2017. The main driver was the oil and gas industry as oil prices and oil production increase. Unfortunately, the economic growth of the last two years has not been felt “on the ground” and there is a good likelihood this will continue in the short-term.