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Economy, Law & Politics

Investors ready to buy Canadian equities: poll

Investors ready to buy Canadian equities: poll

A poll that Stockhouse Publishing Ltd. conducted between July 26 and August 1 found that 49.6% of investors intend to make new investments in Canadian equities within the next 60 days.
Pattison sues PavCo in BC Place lawsuit

Pattison sues PavCo in BC Place lawsuit

Jim Pattison Industries (Pattison) is suing a variety of companies including B.C. Pavilion Corp. (PavCo) for $707,278 for work performed as part of the BC Place renovations. Pattison alleges in its statement of claim that ES&A Sign Corp.
The small town trap: Rising from the ashes

The small town trap: Rising from the ashes

Burns Lake: July 20 marked six months since an explosion at the Babine sawmill in Burns Lake destroyed the town’s major industry. In this second in a two-part series, BIV focuses on the need for industry-dependent towns to diversify their economies
Couple sues for being ‘lured’ into Pink Sheets scheme

Couple sues for being ‘lured’ into Pink Sheets scheme

Astrid Gottfried and husband Ralf Gottfried are suing Northstar Electronics Inc., Wilson Russell and Gordon Monk, who was doing business as Performance Capital Advisors, because they claim they were “lured into an investment scheme perpetrated by the defendants through, among other things, fraudulent and negligent misrepresentations and the illegal distribution of securities in B.C.”
Securities Commission alleges $7 million market manipulation

Securities Commission alleges $7 million market manipulation

The BC Securities Commission (BCSC) has issued a temporary order and notice of hearing alleging that five B.C. residents manipulated the market, resulting in an artificial share price for a company that was listed on the TSX Venture Exchange.
Vander Zalm wants Lloyd’s Underwriters to cover libel judgment

Vander Zalm wants Lloyd’s Underwriters to cover libel judgment

Former premier Bill Vander Zalm launched court action August 1 to get his insurance company to pay all costs incurred earlier this year when he was found to have defamed the province’s one-time conflict of interest commissioner, Ted Hughes.
BCSC alleges Abbotsford man involved in secret OTCBB promotion

BCSC alleges Abbotsford man involved in secret OTCBB promotion

The British Columbia Securities Commission (BCSC) issued a notice August 1 that an Abbotsford-based tout sheet promoter joined forces with a manager of a Swiss company to facilitate the secret promotion of a company traded on the loosely regulated Ov
Small business confidence at three-year low

Small business confidence at three-year low

Business confidence amongst Canada’s small and medium-sized businesses slid to a three-year low in July, according to the Canadian Federation of Independent Business (CFIB). The CFIB’s Business Barometer index dropped to 60.
BCSC alleges that life insurance seller committed fraud

BCSC alleges that life insurance seller committed fraud

The British Columbia Securities Commission (BCSC) issued a notice of hearing yesterday alleging that a woman licensed to sell life insurance committed fraud.
B.C. public sector struggles with more system errors

B.C. public sector struggles with more system errors

Problems with flawed B.C. government case-management software have familiar ring