Economy, Law & Politics

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.

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 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.

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.

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 of the six companies bidding to privatize liquor distribution and warehousing were shortlisted Friday, including the province’s biggest private bonded liquor warehouse.

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.

PwC’s quarterly review of merger and acquisition activity reveals that Canadian corporate purchases in foreign markets rose 191% to $21.8 billion in the second quarter of 2012 compared with the same quarter in 2011.

According to the latest consumer confidence survey conducted by TNS, the Canadian Consumer Confidence Index fell 1.8 points in July, from 96.5 to 94.6, which is its lowest point since July 2010.

The European debt crisis, subpar economic growth in the U.S. and an overstretched Canadian consumer will limit Canada's economic growth to 2.2% in 2012 and 2.