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Economy, Law & Politics

BC Hydro was warned vault was dangerous years before Vancouver explosion

BC Hydro was warned vault was dangerous years before Vancouver explosion

VANCOUVER — British Columbia’s public utility says it was warned that an underground electrical vault was a danger seven years before it blew up under a Vancouver street, injuring two people and badly damaging a city business.
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S&P/TSX composite down Thursday as energy, base metal stocks fall, U.S. stocks mixed

S&P/TSX composite down Thursday as energy, base metal stocks fall, U.S. stocks mixed

TORONTO — Canada's main stock index was down more than 100 points Thursday as the price of oil weakened energy stocks amid weakness in base metals and financials, while U.S. markets were mixed. The S&P/TSX composite index was down 125.
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Lytton, B.C., sues CN, CP rail and Transport Canada over 2021 fire that razed village

Lytton, B.C., sues CN, CP rail and Transport Canada over 2021 fire that razed village

VANCOUVER — The Village of Lytton, B.C.
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Metro Van annual GDP growth in 2023 could be just 0.5%: VEC

Metro Van annual GDP growth in 2023 could be just 0.5%: VEC

Downtown office vacancy rates highest in 10 years, says Vancouver Economic Commission report.
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Increased financial pressures threatening to choke the life out of Metro Vancouver businesses

Increased financial pressures threatening to choke the life out of Metro Vancouver businesses

Canadian Survey of Business Conditions data finds a growing number of companies unable to absorb the debt they need to expand their enterprises
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Government benefits helped lower-income households afford rising cost of living: PBO

Government benefits helped lower-income households afford rising cost of living: PBO

OTTAWA — The parliamentary budget officer says lower-income households maintained their purchasing power despite high inflation with help from government benefits.
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Details on new federal infrastructure funding expected this fall: LeBlanc

Details on new federal infrastructure funding expected this fall: LeBlanc

WHISTLER, B.C.
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BoC debated waiting until July to hike rates, but says data prompted it to act sooner

BoC debated waiting until July to hike rates, but says data prompted it to act sooner

OTTAWA — The Bank of Canada's governing council considered waiting until July to raise interest rates, but ultimately decided to act sooner in the face of hot economic data.
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Vancouver stockbroker fined $25K after trading millions of dollars for fraud convict

Vancouver stockbroker fined $25K after trading millions of dollars for fraud convict

Regulators said Robert Barber, senior investment advisor for Research Capital, failed his 'gatekeeping' duties when he conducted trades for a man criminally convicted of fraud
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MP Bachrach urges extension of small business loan repayments

MP Bachrach urges extension of small business loan repayments

Only 15 percent of small businesses have been able to make full repayment as December 31 deadline nears, says Skeena-Bulkley Valley NDP MP
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