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Economy, Law & Politics

Stock market today: Worries about the economy hit Wall Street, and the Dow drops nearly 500 points

Stock market today: Worries about the economy hit Wall Street, and the Dow drops nearly 500 points

NEW YORK (AP) — Just a day after rallying on hopes that the Federal Reserve is about to cut interest rates , U.S.
PBO estimates capital gain tax change to bring in $17.4B in revenue over five years

PBO estimates capital gain tax change to bring in $17.4B in revenue over five years

OTTAWA — The parliamentary budget officer estimates the Liberals' increase to the capital gains inclusion rate will bring in $17.4 billion in revenue over five years.
Before fires, 'we were having a great season,' Barkerville, B.C.'s media manager says

Before fires, 'we were having a great season,' Barkerville, B.C.'s media manager says

When Stewart Cawood returned to British Columbia's historic gold rush town of Barkerville earlier this week, he said the town looked almost like it had been "ransacked.
B.C. couple partially victorious in bankruptcy fight with securities regulator

B.C. couple partially victorious in bankruptcy fight with securities regulator

VANCOUVER — The chair of the British Columbia Securities Commission is calling on the federal government to change legislation to protect investors after the Supreme Court of Canada ruled fines issued by regulators can be wiped out by bankruptcy.
S&P/TSX up almost 300 points as oil prices rise; Wall St. rallies and Fed holds rates

S&P/TSX up almost 300 points as oil prices rise; Wall St. rallies and Fed holds rates

TORONTO — Gains in energy stocks and base metals led Canada's main stock index up almost 300 points in a broad-based rally Wednesday, while major tech names led a rally on U.S. stock markets, and the U.S.
Economy continues to grow at modest pace as forecasters brace for more rate cuts

Economy continues to grow at modest pace as forecasters brace for more rate cuts

OTTAWA — The Canadian economy continued to keep its head just above water in May, growing 0.2 per cent, led by expansions in manufacturing and the public sector.

These companies have laid off Canadian workers in 2024

Canadians are continuing to be laid off as part of a wave of job cuts that began in 2023 as companies assessed their operations after the height of the COVID-19 pandemic passed.
Should B.C. cities rethink their shady priorities?

Should B.C. cities rethink their shady priorities?

As temperatures climb, former chief planner warns B.C. cities need to rethink old ways of maximizing sunlight and minimizing building shadows.
Canadian Pacific CEO predicts rail strike in August

Canadian Pacific CEO predicts rail strike in August

Operations at Canadian Pacific Kansas City Ltd. will likely grind to a halt due to a strike expected in the second half of August, says CEO Keith Creel, as shippers gear up for the threat of massive rail shutdown.
Alleged e-bike-caused house fire spawns lawsuit against Burnaby's Envo

Alleged e-bike-caused house fire spawns lawsuit against Burnaby's Envo

Other companies also sued for damages after fire 'destroyed the plaintiffs' home and contents.'