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Economy, Law & Politics

B.C. man and company sanctioned for illegal distribution of securities

B.C. man and company sanctioned for illegal distribution of securities

Berkeley Coffee & Tea Inc. and its CEO, president and sole director, Sean Tan, have reached a settlement with the British Columbia Securities Commission after admitting to illegally distributing securities within the province.
Canadian economy at risk as retiring business owners transfer assets: CIBC

Canadian economy at risk as retiring business owners transfer assets: CIBC

The next several years can see trillions of dollars in business assets changing hands, which could pose a serious risk to the Canadian economy, according to a CIBC World Markets report issued this week.

Building business success more a matter of giving than taking

Communities with a strong economic base and a strong social fabric are the best places to live and work
Condominium plumbing mishap floods acupuncture clinic

Condominium plumbing mishap floods acupuncture clinic

An acupuncture and health centre is suing the owner of a condominium and a plumbing company for what it claims is damage caused by the installation of a hot water heater.
Working with U.S. “political arsonists” for Canadian interests

Working with U.S. “political arsonists” for Canadian interests

Congratulating the political winners south of the border sounds like a formality, but it is an increasingly important one for Canadian officials to indulge in. With the U.S. facing serious fiscal challenges and contentious politicking, having Canadian issues stay top of mind for U.S. representatives in Congress will remain challenging.

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 October 31. The information comes from a compilation of required reports filed with the BC Securities Commission.
Fraser Milner Casgrain partners discuss mega-merger

Fraser Milner Casgrain partners discuss mega-merger

Fraser Milner Casgrain LLP partners are meeting today to discuss merging with two other large law firms: Salans and SNR Denton.
Gold price hits three-week high after Obama re-election

Gold price hits three-week high after Obama re-election

Investors rushed to invest in gold and its price climbed by as much as $21 an ounce in afternoon trade yesterday as the metal's status as a safe haven asset is renewed following Barack Obama’s re-election as U.S. president.
Surrey mill fire spurs lawsuit

Surrey mill fire spurs lawsuit

Fraserview Cedar Products Ltd. and Fraserview Re-manufacturing Inc. are being sued for unspecified damages as a result of one of the many recent mill fires in B.C. in the past few years.
Clark appoints municipal auditor general

Clark appoints municipal auditor general

Premier Christy Clark has appointed Ontario bureaucrat Basia Ruta as B.C.'s first auditor general for local government (AGLG).