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Economy, Law & Politics

Credit card debt up 15 per cent in Q4, younger Canadians feel hardest pinch: Equifax

Credit card debt up 15 per cent in Q4, younger Canadians feel hardest pinch: Equifax

TORONTO — Canadian credit card debt soared in the last three months of 2022 amid rising interest rates and stubbornly high inflation with younger Canadians in particular relying on credit to make ends meet.
With airfares rising, here’s how to find a travel deal this year

With airfares rising, here’s how to find a travel deal this year

MONTREAL — As demand surges and airfares soar to new heights, many Canadians are in search of travel deals this year. And low prices are out there — particularly for domestic flights.
Rob Shaw: B.C. makes two good-faith attempts to tackle issues outside of its control

Rob Shaw: B.C. makes two good-faith attempts to tackle issues outside of its control

The B.C. government made two attempts this week to tackle important societal issues largely outside of its control, and while its new bills may have fallen short of what some advocates wanted, they still seem like good-faith efforts.
Who’s Suing Whom: March 9, 2023

Who’s Suing Whom: March 9, 2023

The latest from the B.C. Supreme Court
Loonie hits four-month low as Bank of Canada holds key interest rate

Loonie hits four-month low as Bank of Canada holds key interest rate

TORONTO — The value of the loonie hit a four-month low compared with the U.S. dollar on Wednesday, but some experts say Canadian consumers shouldn't expect their wallets to take a major hit. The Canadian dollar traded at 72.54 U.S.
Canaccord shareholder seeks to remove special committee directors who oppose buyout

Canaccord shareholder seeks to remove special committee directors who oppose buyout

A shareholder of Canaccord Genuity Group Inc. wants to remove the four directors on the company's board that form a special committee that has opposed a buyout offer for the firm by a management-led group of employees. Skky Capital Corp.
In the courts: B.C. judge greenlights class action over provincial grizzly hunt ban

In the courts: B.C. judge greenlights class action over provincial grizzly hunt ban

The plaintiffs showed the province’s alleged misrepresentations were common ground among proposed class members
Bank of Canada holds key rate for first time in a year, leaves door open to hikes

Bank of Canada holds key rate for first time in a year, leaves door open to hikes

OTTAWA — The Bank of Canada is holding its key interest rate steady for the first time in a year while reiterating it is taking a wait-and-see approach with monetary policy.
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.