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Economy, Law & Politics

Founder of Burnaby fintech company banned from B.C. investment market

Founder of Burnaby fintech company banned from B.C. investment market

Qian (Eve) Zhang, the founder of Elixir Technologies Inc., has agreed to pay $40K and has been banned from trading on B.C.'s securities market for 10 years.
Brazil will restrict entry to some Asian nationals, aiming to curb migration to the US and Canada

Brazil will restrict entry to some Asian nationals, aiming to curb migration to the US and Canada

SAO PAULO (AP) — Brazil will begin imposing restrictions on the entry of some foreigners from Asia who use the country as a launching point to migrate to the United States and Canada, the justice ministry’s press office said Wednesday.
S&P/TSX composite rises Wednesday, U.S. stock markets also higher

S&P/TSX composite rises Wednesday, U.S. stock markets also higher

TORONTO — Canada's main stock index rose on Wednesday, helped by strength in base metals and technology, while U.S.
Stock market today: Wall Street closes higher after Target and other retailers top profit forecasts

Stock market today: Wall Street closes higher after Target and other retailers top profit forecasts

NEW YORK (AP) — U.S. stocks closed higher after more big companies delivered profit reports that topped analysts’ expectations. The S&P 500 rose 0.4% Wednesday. The Dow Jones Industrial Average added 0.1%, and the Nasdaq composite rose 0.6%.
CRT rules in favour of Richmond night market over COVID-19 cancellation refund

CRT rules in favour of Richmond night market over COVID-19 cancellation refund

A woman paid more than $9,000 for a booth but only got a $6,475 refund when market was cancelled.
Employers given heads up in 70% of migrant worker housing inspections

Employers given heads up in 70% of migrant worker housing inspections

A study out of the University of British Columbia recently found migrant workers in the B.C. Okanagan living in extreme heat conditions beyond what the Western Agricultural Labour Initiative guidelines allow.
Former President Barack Obama tells Democratic convention to fight for America

Former President Barack Obama tells Democratic convention to fight for America

CHICAGO — Barack Obama cautioned the party faithful not to get distracted by the excitement building since Kamala Harris swiftly ascended to the top of the Democratic ticket as the former president capped off a night of powerful speeches at the Democ
S&P/TSX composite moves lower Tuesday, U.S. stock markets also down

S&P/TSX composite moves lower Tuesday, U.S. stock markets also down

TORONTO — Canada's main stock index moved lower Tuesday after the latest report on inflation showed price growth easing, while U.S. markets were also lower. The S&P/TSX composite index closed down 78.95 points at 23,037.44.
B.C. inflation heats back up in July

B.C. inflation heats back up in July

Economists forecast rate cut in September.
Canada's inflation rate falls to 2.5%, paving way for another interest rate cut

Canada's inflation rate falls to 2.5%, paving way for another interest rate cut

OTTAWA — Canada’s annual inflation rate fell to 2.5 per cent last month, matching economists' forecasts and solidifying expectations for a third consecutive interest rate cut in September.