Economy, Law & Politics

Royal Mutual Funds Inc. mutual fund dealer diverted millions of dollars from accounts of retired clients to online brokerages

VICTORIA — A Vancouver Island First Nation whose people were the first to greet European explorers in the region almost 250 years ago is taking British Columbia to court, seeking title to its traditional territories and financial compensation.

TORONTO — Canada's main stock index lost nearly 250 points Thursday, led by weakness in energy and base metals, while U.S. markets also fell. The S&P/TSX composite index closed down 246.99 points at 25,410.71.

Employers should be clear about sick day policies and encourage flu vaccinations, says BrightHR

OTTAWA — The union representing Canada Post workers says an unfair labour practice complaint over the company's layoffs has been resolved, calling it an important victory for workers' rights.

OTTAWA — Canada is preparing retaliatory tariffs in response to U.S.

NEW YORK (AP) — U.S. stock indexes are stalling following some discouraging data on the economy. The S&P 500 fell 0.3% in early trading Thursday and was on track for its third loss in the last four days.

OTTAWA — Statistics Canada says the amount Canadian households owe relative to their income fell in the third quarter as a rise in disposable income outpaced the growth in debt. It was the sixth consecutive quarter that the measure declined.

Facing fraud charges in the U.S., Delta resident Jackson Friesen sold a detached home in Kitsilano before his assets could be frozen in B.C. Supreme Court; since it was determined Friesen committed fraud he says he now needs money to pay for an appeal of a $12-million penalty.

New West city councillor: "When things get really bad and this out of control, the first thing an organization will blame is the people reporting on the story itself."