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Economy, Law & Politics

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.
B.C. trails rest of Western Canada for M activity: PwC

B.C. trails rest of Western Canada for M activity: PwC

Although 67% of all of Canada’s merger and acquisition (M&A) activity in 2012’s first quarter was in Western Canada, B.C. is experiencing more moderate activity, according to a PwC report released Thursday.
Canadians spend more on taxes than necessities: Fraser Institute

Canadians spend more on taxes than necessities: Fraser Institute

A Canadian family earning an average income spends more money each year on taxes than on food, shelter and clothing, according to a Fraser Institute report released this morning.
Memorial Society sues funeral home for cut of sales

Memorial Society sues funeral home for cut of sales

The Memorial Society of British Columbia has filed suit against funeral service provider Service Corporation International Canada ULC (SCI), alleging that it hasn’t been paid its cut of funeral service fees under a contract.
Province touts Bill 35 as way to lower drug prices

Province touts Bill 35 as way to lower drug prices

The province is touting Bill 35, which was introduced before the legislature yesterday, as a way to regulate and lower prescription drug prices.
Global economic volatility threatens B.C.'s prospects, Scotiabank economist warns

Global economic volatility threatens B.C.'s prospects, Scotiabank economist warns

Infrastructure projects and Asian market remain key to maintaining the province's slow but sustainable economic growth
Affleck raises concerns over cash behind Greenest City Fund

Affleck raises concerns over cash behind Greenest City Fund

Vancouver councillor George Affleck has raised concerns with the mechanism Vancouver Council has used to fund its just-announced Greenest City Fund.

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.
Auditor general Doyle irked over BC Hydro inaction

Auditor general Doyle irked over BC Hydro inaction

Government has failed to change the Crown corporation’s accounting practices six months after being chastised in an AG report