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Financial illiteracy a drag on economic growth

Young Canadians need to develop a better sense of the consequences of their financial actions in order to avoid the drag on economic growth that financial illiteracy creates.

Canada

Canada’s public pension system helps make its financial system one of the strongest in the world. The World Economic Forum has called Canada’s financial system the strongest in the world for the past three years.

Household budgets straining as B.C. real estate costs climb

Homeownership costs are quickly approaching all-time highs thanks in part to higher mortgage rates in the second quarter, according to RBC Economics Research. In a report released Monday morning, RBC said affordability measures in B.C.

LifeSciences BC seeks greater provincial focus on science and technology

Simon Pimstone, the chair of LifeSciences BC summarized his thoughts to BIV on the year to come for the province’s largest life sciences advocacy group the day after the organization's AGM.

Angiotech's fortunes boosted by partner's positive clinical data

Angiotech Pharmaceuticals Inc.’s share price (TSX:ANP) climbed 10% on Thursday after it released positive clinical data about one of its partner’s drug-eluting peripheral stents.

Consumer confidence slides in September

Canadian consumers have again lost faith that the economy is improving. Consumer confidence fell in September after a relatively strong boost in August, according to TNS Canadian Facts . Its consumer confidence index fell 2.3 points to 94.8 from 97.

Post-secondary costs increasingly burdensome: BMO

Fear is spreading among parents and students that post-secondary education in Canada is moving beyond their financial reach.

Terasen Gas bringing back call centre jobs to B.C.

After outsourcing much of its customer service during the last eight years, Terasen Gas is bringing back more than 250 call centre jobs to B.C. as part of its plan to update and improve its customer service infrastructure.

Tech startups and researchers lauded at New Ventures BC competition

Four tech startups and two researchers were awarded $391,000 by the New Ventures BC (NVBC) competition and the BC Innovation Council (BCIC) on Thursday night in Vancouver.

B.C. company acquiring Colombian forestry assets

A Vancouver company is getting into the forestry business in Colombia. Prima Colombia Hardwood Inc. , formerly known as Flagship Industries Inc. , (TSX-V:FII), has completed its acquisition of REM Forest Products Inc.