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Economy, Law & Politics

Payments Canada names interim co-CEOs as current head to step down

Payments Canada names interim co-CEOs as current head to step down

OTTAWA — Payments Canada says it has named two interim co-CEOs after chief executive Tracey Black decided not to renew her term.
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Finning reports Q4 profit down, hit by foreign exchange loss

Finning reports Q4 profit down, hit by foreign exchange loss

VANCOUVER — Finning International Inc. reported its fourth-quarter profit fell compared with a year ago as it was hit by a foreign exchange loss in Argentina due to government currency restrictions and a devaluation of the Argentine peso.
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Rate cut timing 'difficult to foresee' amid inflation pressures: BoC deliberations

Rate cut timing 'difficult to foresee' amid inflation pressures: BoC deliberations

OTTAWA — The Bank of Canada isn't sure when it will be able to start cutting interest rates as it continues to contend with inflation that's still too high and broad-based, its summary of deliberations of its Jan. 24 rate decision reveals.
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Canada now has more than 100 urban centres where at least a quarter of the population is 65 or older: new analysis

The golden years are not all golden in the growing number of Canadian communities with high concentrations of older people, many of whom struggle with health, transportation and dementia care challenges.
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The motherhood pay gap: Why women’s earnings decline after having children

The motherhood pay gap: Why women’s earnings decline after having children

New research shows that women’s earnings are negatively impacted by having children, while men’s aren’t. The effects can be long-lasting and contribute to the gender pay gap.
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Statistics Canada reports $312M merchandise trade deficit for December

Statistics Canada reports $312M merchandise trade deficit for December

OTTAWA — Canada posted a merchandise trade deficit of $312 million in December, the first monthly trade deficit since July, as exports of cars and light trucks fell and lower oil prices weighed on energy shipments.
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Data points: Latest payroll data points to increased slack in B.C. economy

Data points: Latest payroll data points to increased slack in B.C. economy

B.C.'s total job count sat at around 2.54 million positions in November 2023
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'We're not looking for placebo policy': health fix will take time, minister says

'We're not looking for placebo policy': health fix will take time, minister says

OTTAWA — Provincial leaders were frantic about the ailing state of their health care systems last year when Prime Minister Justin Trudeau sat them down and offered $46.2-billion worth of urgent treatment.
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B.C. lawsuits allege lithium batteries became rockets in fatal fire

B.C. lawsuits allege lithium batteries became rockets in fatal fire

"Jets of flaming gas venting from the tops of cells in the e-bike battery turned each into a tiny, unguided metal rocket."
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North Vancouver sewage plant spends more than 60% of budget

North Vancouver sewage plant spends more than 60% of budget

A monthly project status report, obtained under freedom of information, did not say how much it would cost to finish the project or when it will open.
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