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Economy, Law & Politics

Banks report higher provisions for bad loans, focus on expenses as economy slows

Banks report higher provisions for bad loans, focus on expenses as economy slows

With the slowdown expected to continue, banks have been working to trim expenses to better manage through the trough, including reducing their workforce.
B.C. files first unexplained wealth order in Canada for Gulf Island home

B.C. files first unexplained wealth order in Canada for Gulf Island home

The B.C. government has applied in court to order two B.C. residents to explain how they got $1 million to buy a home on Salt Spring Island; the couple is allegedly linked as beneficiaries to a major stock fraud scheme
Royal Bank CEO defends Vancouver-based HSBC Canada deal

Royal Bank CEO defends Vancouver-based HSBC Canada deal

Comments come after the finance committee of the House of Commons in early November called on the finance minister to block the deal over concerns it will hurt competition
Analysis: How wage increase for Vancouver police affects 2024 city budget

Analysis: How wage increase for Vancouver police affects 2024 city budget

VPD union reaches tentative agreement for cumulative 9% increase over two years
Vancouver city hall looks for more parking apps

Vancouver city hall looks for more parking apps

The city brought in $21M in parking revenue, including $17M by mobile app, for the first five months of 2023
Rob Shaw: Have the BC NDP become what they once despised in the legislature?

Rob Shaw: Have the BC NDP become what they once despised in the legislature?

The Liberals thought they were going to win forever. Now, it’s the NDP’s turn to drink that particular brand of bathwater, writes columnist Rob Shaw
Canadian economy shrank in Q3 but manages to 'keep its head above recession waters'

Canadian economy shrank in Q3 but manages to 'keep its head above recession waters'

Bank of Canada interest rate hikes have been putting pressure on consumer and business spending as they both face higher borrowing costs
Man found guilty of defaming Richmond law firm fails contempt appeal

Man found guilty of defaming Richmond law firm fails contempt appeal

Guang Tian published the defamatory statements days after a court order banned him from doing so
B.C. bug bake off — a gimmick or a glimpse into the future of the food business?

B.C. bug bake off — a gimmick or a glimpse into the future of the food business?

From beef tacos wrapped in cricket flour-laced tortillas to mealworm ginger sugar cookies, a panel of judges had their work cut out for them at the Great UBC Bug Bake Off
Lawyer for pharma company argues against single trial in B.C. opioid damages case

Lawyer for pharma company argues against single trial in B.C. opioid damages case

A lawyer for the B.C. government asked the court this week to certify the class allowing provinces and territories to join their claims against the dozens of defendant companies