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Economy, Law & Politics

B.C. will push four-year municipal terms

B.C. will push four-year municipal terms

Municipal elections will be held every four years instead of three years under legislation the British Columbia government plans to introduce this spring.
Exports must replace consumer spending as Canada’s economic driver: HSBC

Exports must replace consumer spending as Canada’s economic driver: HSBC

When it comes to the engine powering future economic growth in Canada, prepare for a fuel switch: the indebted Canadian consumer is tapped out and will have to be replaced by an increase in exports, especially to emerging markets in Asia.
Mining industry's pain is tech sector's gain in B.C.

Mining industry's pain is tech sector's gain in B.C.

Venture capital migrating from resources to technology as commodity market slumps
Canadian middle class income stagnates, debt rises: report

Canadian middle class income stagnates, debt rises: report

Middle class Canadians are increasingly indebted, have seen their wages stagnate and are unlikely to move into higher income brackets, a report by Employment and Social Development Canada (ESDC) has found.
Surrey city hall may cost $150M, but taxpayers off the hook

Surrey city hall may cost $150M, but taxpayers off the hook

The new Surrey City Hall may actually cost nearly $150 million after it’s all paid off – but that doesn’t mean the city is over budget.
Province continues to see zero inflation

Province continues to see zero inflation

For the second month in a row, British Columbia recorded no year-over-year inflation in January, announced Statistics Canada February 21, while across Canada, consumer prices increased 1.5% over the same period.
BC Place roof delays began early: Supreme Court opening arguments

BC Place roof delays began early: Supreme Court opening arguments

The work to build a new roof on BC Place Stadium was already behind when the French company hired to supply support cables began work in July 2010, the British Columbia Supreme Court heard earlier this week.
Canadian Olympic Committee accuses North Face of wrongfully cashing in on Olympic glory with new clothing line

Canadian Olympic Committee accuses North Face of wrongfully cashing in on Olympic glory with new clothing line

The Canadian Olympic Committee is suing VF Outdoor (Canada) Inc., doing business as The North Face, for allegedly passing itself off as a sponsor of the Canadian Olympic team with a line of clothing featuring references to the 2014 Winter Olympic Games in Sochi.
B.C. Budget 2014: Medical Services Plan premiums will continue to increase

B.C. Budget 2014: Medical Services Plan premiums will continue to increase

The British Columbia government will increase Medical Services Plan (MSP) premiums by 4% in January for the sixth consecutive year while it continues to hold health spending growth to about 2%.
Business groups say skills training, PST missing from B.C. budget

Business groups say skills training, PST missing from B.C. budget

British Columbia's business community is giving the provincial government top marks for tabling a balanced budget, but would like to see more action on skills training and B.C.'s "antiquated" provincial sales tax (PST).