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Economy, Law & Politics

Macklem says interest rate cut in June possible after holding policy rate once again

Macklem says interest rate cut in June possible after holding policy rate once again

OTTAWA — The Bank of Canada is keeping the door open to an interest rate cut in June even as it emphasized that it won't be rushed into it if inflation shoots back up.
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Investors who lost $415K with unregistered Burnaby trader get $39K back

Investors who lost $415K with unregistered Burnaby trader get $39K back

Burnaby's Shijun "Clark" Zhu admitted to advising and trading in securities without being registered. He was fined nearly $39K and banned from B.C.'s capital markets, except as an investor, for 10 years.
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Grocery inflation to fall below two per cent this spring, report predicts

Grocery inflation to fall below two per cent this spring, report predicts

Grocery inflation will fall below two per cent by the spring and stay roughly between one and two per cent for the rest of 2024, predicts a new report on the food and beverage industry.
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B.C. HVAC company suspended from door-to-door sales

B.C. HVAC company suspended from door-to-door sales

Door-to-door sales must disclose final prices, including interest, says Consumer Protection BC
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Vancouver council extends public drinking at seven plazas, one parklet

Vancouver council extends public drinking at seven plazas, one parklet

Cambie, Granville and Main streets on tap to continue as spots to legally consume alcohol.
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B.C. loggers to get quicker access to fire-damaged timber

B.C. loggers to get quicker access to fire-damaged timber

Last year’s forest fires could generate 28,000 truckloads of salvage wood
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Apprenticeship programs target women, newcomers in B.C. construction

Apprenticeship programs target women, newcomers in B.C. construction

Funding, diversity and modernization can help address trades shortages, experts say.
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Rate expectations: What’s the neutral rate, and why did the Bank of Canada raise it?

The Bank of Canada's interest rate decision on Wednesday didn’t bring cuts, but it did bring new insight into where the central bank thinks interest rates may be headed.
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Text of the Bank of Canada's latest interest rate decision

OTTAWA — The Bank of Canada kept its key interest rate target on hold at five per cent on Wednesday.
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B.C. moves alone on Surrey Police Service after mayor, council refuse to leave RCMP

B.C. moves alone on Surrey Police Service after mayor, council refuse to leave RCMP

SURREY, B.C. — British Columbia is moving ahead with the transition to an independent police service in Surrey after the mayor and council refused to part ways with the RCMP.
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