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Economy, Law & Politics

Who’s Suing Whom: June 8, 2023

Who’s Suing Whom: June 8, 2023

The latest from the B.C. Supreme Court
B.C. mortgage holders brace for higher payments for longer period

B.C. mortgage holders brace for higher payments for longer period

People will need to reconsider spending and businesses will likewise need to rethink loans to make further investments, says one B.C. economist.
Canada marks Clean Air Day with worst air quality in the world as wildfires rage

Canada marks Clean Air Day with worst air quality in the world as wildfires rage

OTTAWA — Hazy skies tinged with an eerie yellow glow greeted millions of Canadians in Quebec and Ontario again Wednesday as the smoke from hundreds of wildfires continued to cause air quality warnings in Canada's most populated corridor.
Beedie charity to provide $6.9m in student scholarships

Beedie charity to provide $6.9m in student scholarships

Real estate developer Ryan Beedie launched his grant program for students in 2018 with a $50m donation
Bank of Canada raises interest rates as it tries to get ahead of hot economy

Bank of Canada raises interest rates as it tries to get ahead of hot economy

OTTAWA — After watching to see whether its aggressive rate hike path were enough to quash inflation, the central bank has opted to raise interest rates again — fuelling speculation that another rate hike is in the cards for July.
What to know about the latest interest rate increase from the Bank of Canada

What to know about the latest interest rate increase from the Bank of Canada

OTTAWA — The Bank of Canada raised its key interest rate target by a quarter of a percentage point to 4.75 per cent on Wednesday, the first raise since it announced a pause in January.
In the Courts: B.C. real estate investment firm treated minority shareholder unfairly, says judge

In the Courts: B.C. real estate investment firm treated minority shareholder unfairly, says judge

Huntly Investments obstructed shareholder’s efforts to sell its shares, court finds
Statistics Canada reports merchandise trade surplus rose to $1.9B in April

Statistics Canada reports merchandise trade surplus rose to $1.9B in April

OTTAWA — Canada merchandise trade surplus increased to $1.9 billion in April, helped by higher exports of gold, oil and cars and light trucks, Statistics Canada said Wednesday. The result followed a revised surplus of $231 million in March.
Rob Shaw: Watchdogs suggest a larger government role in selling decriminalized drugs

Rob Shaw: Watchdogs suggest a larger government role in selling decriminalized drugs

The musings of Dr. Bonnie Henry, Lisa Lapointe and Jennifer Charlesworth create a difficult task for the NDP government
B.C.’s high-tech unicorns mauled by bear market that continues to linger

B.C.’s high-tech unicorns mauled by bear market that continues to linger

The bubble that floated at least 14 unicorn companies to big valuations popped in the latter half of 2022
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