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Economy, Law & Politics

Bank of Canada holds key rate steady at 5%, says economy is weakening

Bank of Canada holds key rate steady at 5%, says economy is weakening

'The Canadian economy has entered a period of weaker growth, which is needed to relieve price pressures,' the central bank says
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Surrey Board of Trade ‘disappointed’ with pause of Canada-India trade negotiations

Surrey Board of Trade ‘disappointed’ with pause of Canada-India trade negotiations

Ottawa announced that talks on an early progress trade agreement have been paused indefinitely
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B.C. marks two years of single-game sports betting with concerns from researchers

B.C. marks two years of single-game sports betting with concerns from researchers

Sports betting revenue increased from $24M in 2020-21 to $32M in 2022-23, according to the B.C. Lottery Corp.
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More people going back to the office at the same time as kids go back to school

More people going back to the office at the same time as kids go back to school

An additional 35% more British Columbians will be returning to the office instead of working from home this fall
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'Unfortunate' that premiers are applying political pressure to stop rate hikes, says policy expert

'Unfortunate' that premiers are applying political pressure to stop rate hikes, says policy expert

B.C. Premier David Eby and Ontario Premier Doug Ford have sent letters to the Bank of Canada, asking it to halt rate hikes
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Economists see Bank of Canada holding on rates this week

Economists see Bank of Canada holding on rates this week

The central bank likely won't cut rates until at least April 2024, according to one expert
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Canada set to become strategic partner with ASEAN bloc, symbolizing trade progress

Canada set to become strategic partner with ASEAN bloc, symbolizing trade progress

The Indo-Pacific is Canada's second-largest merchandise export market after the United States
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Competition Bureau approves RBC's takeover of Vancouver-based HSBC Canada

Competition Bureau approves RBC's takeover of Vancouver-based HSBC Canada

Deal still requires approval from finance minister and banking regulator
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Back-to-office plans fall flat amid arbitrary rules, lack of communication

Back-to-office plans fall flat amid arbitrary rules, lack of communication

'The pandemic essentially transformed work as we know it.'
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B.C. labour movement's decline has yet to bounce back, professors say

B.C. labour movement's decline has yet to bounce back, professors say

B.C. has gone from having the highest rates of collective agreement coverage — three percentage points above the Canadian average 25 years ago — to below average today while wages have grown seven per cent more slowly in B.C. than in Canada
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