Economy, Law & Politics

The British Columbia Securities Commission (BCSC) has issued a notice of hearing alleging that mining company Cinnabar Explorations Inc. and three B.C. residents engaged in illegal distributions, and that one of them made prohibited statements.

The number of British Columbians receiving employment insurance (EI) benefits fell in June. Statistics Canada reported August 23 that 55,600 British Columbians received EI benefits in June, down from 55,980 in May. The 0.

Vancity announced yesterday that it has divested its holdings in Enbridge Inc. based on the US National Transportation Safety Board report on the embattled company's 2010 pipeline spill in Michigan.

Canadian investors should adopt a diversified approach to investing during times of economic uncertainty – one that maintains a return on their investments while hedging against unnecessary risk – according to BMO InvestorLine.

B.C.

B.C. outpaced the rest of Canada in attracting venture capital investment, according to a study prepared for the Canadian Venture Capital and Private Equity Association by Thomson Reuters. The study shows that investment activity in B.C.

Tens of billions in business tax income at stake for cash-strapped governments

BC can't seem to bust out of its unemployment slump. Mixed economic data about the global economy seems to have made B.C. business owners increasingly cautious. The Canadian Federation of Independent Business business barometer has shown that B.C. small businesses have grown increasingly pessimistic about their future prospects. The B.C. index hit a three-year low in July as global economic concerns persisted.

The Greater Vancouver Water District (GVWD) has filed suit against local design engineer firm SSBV Consultants Inc. over what it claims are design defects at a North Vancouver water filtration plant.

Canadian wholesale sales edged down 0.1% to $49.9 billion in June, after four consecutive monthly increases, according to Statistics Canada. In volume terms, wholesale sales were down 0.5%.