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Economy, Law & Politics

Canadian economy expands 0.4% in Q1: StatsCan

Canadian economy expands 0.4% in Q1: StatsCan

What happened: GDP grows 0.4% in first quarter and 0.
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$511 million in mortgages set up by unregistered Vancouver broker who cooked books: FICOM

$511 million in mortgages set up by unregistered Vancouver broker who cooked books: FICOM

Jay Kanth Chaudhary is alleged to have been working with “a large network of registered submortgage brokers”
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Home sales up on the Island, down in Metro

Home sales up on the Island, down in Metro

While April home sales were higher in the rest of the country, they languished in B.C. The latest Canadian Real Estate Association data showed a 0.8% gain in monthly sales to 5,385 units from March. In comparison, sales countrywide rose 3.6%.
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M&A activity surges 200% in B.C. against backdrop of Goldcorp deal

M&A activity surges 200% in B.C. against backdrop of Goldcorp deal

What happened: Value of M&A activity skyrocketed in B.C. during the first quarter of 2019 Why it matters: The jump was driven primarily by the $17.4-billion acquisition of Goldcorp Inc. A first-quarter surge in B.C.
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Canada-U.S.-Mexico trade pact 80% likely to pass: Mexican negotiator Jesus Seade

Canada-U.S.-Mexico trade pact 80% likely to pass: Mexican negotiator Jesus Seade

Point-man for Mexico on the new CUSMA visits Vancouver for first time
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ICBC car-burning, shooting privacy case one step closer to class action

ICBC car-burning, shooting privacy case one step closer to class action

Former employee sold 78 people’s data to drug dealers for $25 each
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Tree company fined $18,000 for cutting down eagle’s nest, loses licence in five Metro cities

Tree company fined $18,000 for cutting down eagle’s nest, loses licence in five Metro cities

ABC Tree Men and Consulting’s licence revoked in Vancouver, New Westminster, Richmond, Delta and Surrey
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Anti-money laundering policies at B.C. colleges and universities under review

Anti-money laundering policies at B.C. colleges and universities under review

Cash-for-cheque swaps done by institutions could facilitate money laundering, report concluded
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VC investment jumps to $173m in B.C. during 2019’s first quarter

VC investment jumps to $173m in B.C. during 2019’s first quarter

What happened: Venture capital deals for B.C. firms totalled $173 million in the first quarter of 2019 Why it matters: The province is experiencing a surge of activity compared with a year ago Venture capital deals in B.C.
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Is money laundering driving the B.C. real estate bus?

Is money laundering driving the B.C. real estate bus?

Debate over the impact eliminating money laundering would have on province’s real estate sector
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