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Economy, Law & Politics

Metro Vancouver area councillors urge more B.C. oversight of municipal spending

Metro Vancouver area councillors urge more B.C. oversight of municipal spending

VICTORIA — Four Metro Vancouver area councillors have launched a petition asking the British Columbia government for closer oversight of municipal spending in the province, amid a police investigation into alleged misuse of a city hall gift card prog
S&P/TSX composite closes up Tuesday, U.S. stock markets down

S&P/TSX composite closes up Tuesday, U.S. stock markets down

TORONTO — Canada's main stock index made gains Tuesday to close at another record high after a mixed inflation report, while U.S. markets ended down. The Canadian market, which was closed Monday, ended up 83.70 points at 26,055.
Weekend work a key sticking point between Canada Post, workers

Weekend work a key sticking point between Canada Post, workers

Weekend work remains a glaring obstacle in negotiations between Canada Post and its employees, who have threatened to walk off the job Friday in what would be their second strike in less than six months amid an "existential crisis" for the institutio
US stocks sink as S&P 500 falls to its first loss in 7 days

US stocks sink as S&P 500 falls to its first loss in 7 days

NEW YORK (AP) — U.S. stock indexes fell on Tuesday, as momentum slowed for Wall Street after it rallied from a deep hole nearly all the way back to its all-time high set earlier this year . The S&P 500 fell 0.
Grocery price increases outpace overall inflation for third straight month: StatCan

Grocery price increases outpace overall inflation for third straight month: StatCan

Despite the annual pace of inflation cooling last month, Statistics Canada says shoppers continue to see the cost of groceries rise at a faster rate. The agency reported Tuesday that prices for food purchased from stores increased 3.
Bank of Canada rate cut odds for June fall after April inflation data

Bank of Canada rate cut odds for June fall after April inflation data

OTTAWA — Signs that underlying inflation was picking up in April put the Bank of Canada in a tricky position ahead of its June interest rate decision, with some economists arguing a second straight pause is now more likely.
As regulators abandon 'bare minimum' corporate climate reporting, a backstop lurks

As regulators abandon 'bare minimum' corporate climate reporting, a backstop lurks

TORONTO — In the future, seeing the carbon emissions of a company may not be much harder than finding out how many calories are in a chocolate bar, but that day looks further out than it did just a few months ago.
B.C.'s venture capital sector faces Q1 downturn in deals and investment

B.C.'s venture capital sector faces Q1 downturn in deals and investment

The sector's levels for the first quarter of 2025 were roughly half compared to last year's Q1, but the full impacts of economic uncertainties have yet to unfold, says expert.
Vancouver council considers three more rental housing towers

Vancouver council considers three more rental housing towers

Proposals for Broadway corridor call for total of 608 homes, with 20 per cent below-market rental.
B.C. premier eyes home price declines unlike federal housing minister

B.C. premier eyes home price declines unlike federal housing minister

Premier David Eby said provincial government policies have been designed to lower home prices in contrast to vision put forth by new federal Housing Minister Gregor Robertson.