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Economy, Law & Politics

BCSC announces its first registration of a bitcoin investment fund manager

BCSC announces its first registration of a bitcoin investment fund manager

The British Columbia Securities Commission has for the first time registered an investment fund manager that trades solely in cryptocurrency, it announced September 6. First Block Capital Inc.
Bank of Canada hikes overnight rate for second time in two months

Bank of Canada hikes overnight rate for second time in two months

The Bank of Canada announced September 6 it was raising the overnight lending rate another 25 basis points to 1%, saying recent economic growth has exceeded expectations.
Insider trading: September 5, 2017

Insider trading: September 5, 2017

The following is a list of stock trades made by corporate executives, directors and other company insiders of B.C.’s public companies filed in the week ended August 30, 2017. The information comes from a compilation of required reports filed with the BC Securities Commission obtained from DisclosureNet.com.
ICBC insurance premiums going up 8% this year

ICBC insurance premiums going up 8% this year

Deferred claim payouts partly responsible for recent spike in claims costs
Equity firm keeps its eyes on far horizon

Equity firm keeps its eyes on far horizon

Highland West Capital’s business plan is firmly focused on the long term
Vancouver has lowest debt delinquency rate of all major Canadian cities: Equifax

Vancouver has lowest debt delinquency rate of all major Canadian cities: Equifax

Despite living in the most expensive city in Canada , Vancouverites have proven to be able to manage their consumer debts well – better than residents of any other major Canadian city, according to an Equifax report released September 5.
B.C. retail, restaurants, bars boom in June

B.C. retail, restaurants, bars boom in June

B.C. retailers posted another blowout month in June, with sales rising for a fourth consecutive month. Sales surged 1.9% to a record $7.15 billion in June, compared with a countrywide increase of 0.1%. Year-over-year growth accelerated to 12.
B.C. small businesses bristle at proposed federal tax changes

B.C. small businesses bristle at proposed federal tax changes

Finance minister urged to give more time for consultation on key economic matter
Canadian GDP sees strongest half-year growth in 15 years: StatsCan

Canadian GDP sees strongest half-year growth in 15 years: StatsCan

The Canadian economy grew 1.1% in 2017’s second quarter after a 0.9% jump in Q1, Statistics Canada announced August 31, adding up to a cumulative increase of 2% in the first half of the year.
ICBC given two weeks to refine premium hike proposals

ICBC given two weeks to refine premium hike proposals

ICBC has been given two more weeks to sharpen its pencils before submitting its application for premium hikes, which need to be in the 30% range over two years, according to a recent audit by EY.