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Economy, Law & Politics

Decline in housing market threatens B.C.’s economic growth

The prospects of a housing market correction in B.C. don’t bode well for the province’s economic growth.
Metal theft law in effect from today

Metal theft law in effect from today

B.C. today became the first province to have a law and regulations aimed at reducing metal theft. Sellers of regulated metals will now have to present valid identification.
BCSC suspends trading for trio under investigation

BCSC suspends trading for trio under investigation

The British Columbia Securities Commission (BCSC) has issued a temporary order and notice of hearing against three men and a B.C.-based company over concerns about unusual trading volume and share price increases.
Nearly 60% of retired Canadians in debt

Nearly 60% of retired Canadians in debt

Nearly 60% of retired Canadians hold some form of debt and although they hold less debt than those still working, they are also less likely to be taking steps to accelerate their debt repayment.
Minimal growth in Canadian consumer debt in second quarter

Minimal growth in Canadian consumer debt in second quarter

Growth in Canadian non-mortgage debt in the 12 months ending June 2012 was 30% lower than a year earlier, according to Equifax Canada’s National Credit Trends report.
Consumer prices continue to rise in June

Consumer prices continue to rise in June

Consumer prices rose 1.5% nationally in the 12 months to June, following a 1.2% gain in May, according to Statistics Canada. B.C also recorded a 1.5% increase in consumer prices.
Investment regulators hand stiff penalty to Victoria woman

Investment regulators hand stiff penalty to Victoria woman

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has imposed stiff penalties on a Victoria woman previously found liable for various securities violations.
Auditor General critiques B.C. P3 projects

Auditor General critiques B.C. P3 projects

B.C. Auditor General John Doyle's July 19 report says the B.C. government has so far been unable to achieve its long-term goals for the Sea-to-Sky Highway Improvement Project: improved safety, reliability and capacity.
Four bidders shortlisted for LDB contract

Four bidders shortlisted for LDB contract

Four of the six companies bidding to privatize liquor distribution and warehousing were shortlisted Friday, including the province’s biggest private bonded liquor warehouse.
BCSC panel finds three B.C. men illegally traded and distributed securities

BCSC panel finds three B.C. men illegally traded and distributed securities

A British Columbia Securities Commission (BCSC) panel has found that three B.C. men and a parking technology company illegally distributed securities when they raised approximately $3.