Economy, Law & Politics

Companies plans face collapse or rising top-up payments as bets on high investment returns fail to pay off

Persistent rumblings over slowing economies around the world are continuing to influence Canadian consumers.

The following is a list of the largest stock trades made by corporate executives, directors and other company insiders of B.C.’s public companies filed by the week ending July 11. The information comes from a compilation of required reports filed with the BC Securities Commission.

A poll that Stockhouse Publishing Ltd. conducted between July 26 and August 1 found that 49.6% of investors intend to make new investments in Canadian equities within the next 60 days.

Jim Pattison Industries (Pattison) is suing a variety of companies including B.C. Pavilion Corp. (PavCo) for $707,278 for work performed as part of the BC Place renovations. Pattison alleges in its statement of claim that ES&A Sign Corp.

Burns Lake: July 20 marked six months since an explosion at the Babine sawmill in Burns Lake destroyed the town’s major industry. In this second in a two-part series, BIV focuses on the need for industry-dependent towns to diversify their economies

Astrid Gottfried and husband Ralf Gottfried are suing Northstar Electronics Inc., Wilson Russell and Gordon Monk, who was doing business as Performance Capital Advisors, because they claim they were “lured into an investment scheme perpetrated by the defendants through, among other things, fraudulent and negligent misrepresentations and the illegal distribution of securities in B.C.”

The BC Securities Commission (BCSC) has issued a temporary order and notice of hearing alleging that five B.C. residents manipulated the market, resulting in an artificial share price for a company that was listed on the TSX Venture Exchange.

Former premier Bill Vander Zalm launched court action August 1 to get his insurance company to pay all costs incurred earlier this year when he was found to have defamed the province’s one-time conflict of interest commissioner, Ted Hughes.

The British Columbia Securities Commission (BCSC) issued a notice August 1 that an Abbotsford-based tout sheet promoter joined forces with a manager of a Swiss company to facilitate the secret promotion of a company traded on the loosely regulated Ov