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Economy, Law & Politics

Former B.C. TD Bank manager fined $50K

Former B.C. TD Bank manager fined $50K

Former B.C. bank manager who committed "serious breach" pursued by regulator after quitting job.
Video reveals how escalator at Vancouver SkyTrain station went out of control

Video reveals how escalator at Vancouver SkyTrain station went out of control

At one point, 16 people were on the escalator and they were dumped in a pile at the bottom.
Bank CEOs expect further loan loss provisions and pressure on lending in 2024

Bank CEOs expect further loan loss provisions and pressure on lending in 2024

TORONTO — Canadian bank CEOs say high interest rates are delaying business andconsumer spending decisions and will likely lead to more provisions for bad loans this year, but that borrowers overall should manage well.
B.C. economic growth will lose momentum in 2024: Deloitte

B.C. economic growth will lose momentum in 2024: Deloitte

The province is expected to see slower consumer spending and business investment, and a higher unemployment rate
Just got a raise? Here's how to effectively use that extra cash

Just got a raise? Here's how to effectively use that extra cash

Finally some good news — you’ve landed a major promotion with a huge pay bump, or you’ve finished many years of education and entered a high-paying profession. Either way, you have some extracash, and perhaps little else, aside from a student loan.
Statistics Canada reports merchandise trade surplus $1.6 billion in November

Statistics Canada reports merchandise trade surplus $1.6 billion in November

OTTAWA — Statistics Canada says the country's merchandise trade surplus narrowed to $1.6 billion in November as imports rose and exports fell. The result compared with a revised surplus of $3.2 billion in October.
Big banks' 'sustainable finance' label misleading: securities complaint

Big banks' 'sustainable finance' label misleading: securities complaint

TORONTO — Canada's big five banks are potentially misleading investors with their use of terms like sustainable finance, according to a complaint to securities regulators by a climate advocacy group.
NPA members fail in appeal of costs awarded to ex-mayor Stewart

NPA members fail in appeal of costs awarded to ex-mayor Stewart

Court decision stems from a 2021 news release that claimed right-wing extremists had taken over the NPA board. 
Insured damage from severe weather exceeded $3.1B in 2023: insurance bureau

Insured damage from severe weather exceeded $3.1B in 2023: insurance bureau

Severe weather and natural disasters caused more than $3 billion in insured damages for the second year in a row in 2023. 
B.C. study details increasing complexity of hospital patients' needs

B.C. study details increasing complexity of hospital patients' needs

VANCOUVER — A British Columbia study showing that hospitalized patients' medical issues have become increasingly complex also highlights the need to address the growing pressures of an aging population on overworked health professionals, the lead res