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Economy, Law & Politics

Minimum wage goes up to $10.25

Minimum wage goes up to $10.25

B.C. employers started paying higher minimum wages as of yesterday. The mandatory minimum wage went up Tuesday to $10.25 per hour, putting it on par with Ontario.
Debtor sues collection agency over alleged harassment

Debtor sues collection agency over alleged harassment

Graham Kosakoski is suing A.R.C. Accounts Recovery Corp. (ARC) for $500,000 in punitive damages for allegedly making false representations continuing to contact Kosakoski's mother and causing her stress despite Kosakoski's repeated requests for the collection agency to contact him directly.
BMO predicts 60,000 new jobs for Vancouver

BMO predicts 60,000 new jobs for Vancouver

Vancouver can expect to see 60,000 new jobs created over the next four years, despite some indicators of economic cooling, according to a new BMO Financial Group report. Vancouver’s economy outperformed the rest of B.C.
Dix talks taxes, flogs skills training

Dix talks taxes, flogs skills training

NDP leader would raise corporate taxes and fund university grants with a levy on financial institutions in the province

Insider trading

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 April 5. The information comes from a compilation of required reports filed with the BC Securities Commission.

New website is portal to northern B.C. economy

Hundreds of businesses, non-profit groups, First Nations communities and local governments in central and northern B.C. are showcasing their economic development projects via the new Building A Stronger North website.
First West makes multimillion-dollar diamond investment

First West makes multimillion-dollar diamond investment

First West Capital has funded a multimillion-dollar expansion deal for Crossworks Manufacturing Ltd. , the largest manufacturer of Canadian diamonds in the world, the bank announced Tuesday.
Richmond signs sister city agreement with Xiamen, China

Richmond signs sister city agreement with Xiamen, China

Richmond's already strong ties with China got even stronger Friday with the signing of a sister city agreement with Xiamen.
Surrey receives top marks for budgeting practices

Surrey receives top marks for budgeting practices

The C.D. Howe Institute has given the City of Surrey an ‘A’ in budget reporting, according to Holding Canada’s Cities to Account: An Assessment of Municipal Fiscal Management.
Canadian banks got “secret bailout” of $114b in financial crisis

Canadian banks got “secret bailout” of $114b in financial crisis

A Canadian Centre for Policy Alternatives (CCPA) study released today estimates previously undisclosed support for Canadian banks reached $114 billion during the financial crisis.