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Economy, Law & Politics

The Bank of Canada held its key interest rate steady. What the announcement says

The Bank of Canada held its key interest rate steady. What the announcement says

OTTAWA — The Bank Canada kept its key interest rate target on hold at 4.5 per cent on Wednesday. Here is the text of the central bank's statement announcing the decision: The Bank of Canada today held its target for the overnight rate at 4.
B.C. auditor general renews calls for better fraud risk management in public bodies

B.C. auditor general renews calls for better fraud risk management in public bodies

VICTORIA — British Columbia auditor general Michael Pickup says the province's public institutions are susceptible to fraud, but he can't release specifics about the theft and corruption reported to his office in a survey conducted this year.
Grocery CEOs deny accusations that food price inflation is driven by profit-mongering

Grocery CEOs deny accusations that food price inflation is driven by profit-mongering

OTTAWA — The CEOs of Canada's largest grocery store chains will be before a parliamentary committee today to answer questions about the rapid rise in food prices. The CEOs and presidents of Loblaw Cos. Ltd., Metro Inc. and Empire Co. Ltd.
Statistics Canada reports $1.9B merchandise trade surplus for January

Statistics Canada reports $1.9B merchandise trade surplus for January

OTTAWA — Statistics Canada says the country posted a merchandise trade surplus of $1.9 billion in January, helped by exports of wheat, canola oil and soybeans. The agency says the result compared with a revised surplus of $1.2 billion for December.
Who’s Suing Whom: March 8, 2023

Who’s Suing Whom: March 8, 2023

The latest from the B.C. Supreme Court
Law Society of BC fails to disbar lawyer Hong Guo following review

Law Society of BC fails to disbar lawyer Hong Guo following review

Hong Guo is scheduled to start her one-year suspension on March 8 after the Law Society of BC unsuccessfully argued for her disbarment in relation to various trust account violations.
Women powered pandemic shift toward higher paying jobs, but pay gap persists: RBC

Women powered pandemic shift toward higher paying jobs, but pay gap persists: RBC

TORONTO — Women have powered a recent shift toward higher-paying and -skilled jobs, but a pay gap will persist until they cease being outnumbered by men in senior management positions, says a new report.
Opinion: Big city budgets ignore reality of challenging economic times

Opinion: Big city budgets ignore reality of challenging economic times

ÃÛÌÒÊÓÆµapp flash to new municipal councils: Life in British Columbia is expensive enough. We don’t need you to pile on. Fact: Your constituents are dealing with household costs rising faster than at any time in the last four decades.
ÃÛÌÒÊÓÆµappNation wanted Senakw services agreement kept secret, says in-camera city report

ÃÛÌÒÊÓÆµappNation wanted Senakw services agreement kept secret, says in-camera city report

Negotiators for Vancouver City Hall and the ÃÛÌÒÊÓÆµappNation discussed keeping the services agreement for the Senakw development secret.
Surrey city council votes to review 17.5-per-cent property tax increase

Surrey city council votes to review 17.5-per-cent property tax increase

City staff have been tasked with finding a way to reduce the tax hike, but city claims a reduction is only possible if Surrey maintains its RCMP police force
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