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Economy, Law & Politics

Corruption and bribery risks rise for Canadian firms working abroad

Corruption and bribery risks rise for Canadian firms working abroad

A volatile economy and overseas expansion acquisition aspirations are increasing threats of corporate fraud

New cars accelerating rate of consumer debt growth in B.C.

BC drivers seem willing to increase their personal debt levels to new heights to get a new ride.
Stock market hit with growing exodus of Canadian investors

Stock market hit with growing exodus of Canadian investors

Volatile markets seem to have spooked Canadian investors.

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 August 15. The information comes from a compilation of required reports filed with the BC Securities Commission.
Business investment drives Canadian Q2 GDP gains

Business investment drives Canadian Q2 GDP gains

Business investment across Canada was the largest factor driving the country’s 0.5% real GDP gain in the second quarter of the year, according to a new Statistics Canada report.
Retiring Liberal MLAs to get $13.7m in pensions

Retiring Liberal MLAs to get $13.7m in pensions

Government watchdogs at the Canadian Taxpayers Federation (CTF) have calculated that, so far, retiring Liberal MLAs in the current government will be eligible to receive $13.7 million in pension benefits.
Scotiabank spends $3.13b to buy ING Bank of Canada

Scotiabank spends $3.13b to buy ING Bank of Canada

The Bank of Nova Scotia (TSX:BNS) announced August 29 that it has reached a definitive agreement to purchase ING Bank of Canada from Netherlands-based parent ING Group for $3.126 billion in cash.
27,000 government workers to strike next week

27,000 government workers to strike next week

B.C.'s hospitals, liquor stores and ICBC call centres will be some of the services hit when 27,000 unionized B.C. government workers go on strike next week. A September 5 strike was announced yesterday by the B.C.
Predecessor calls Falcon departure part of needed “renewal”

Predecessor calls Falcon departure part of needed “renewal”

Surrey-Cloverdale MLA Kevin Falcon's immediate resignation August 29 as minister of finance and deputy premier is part of necessary renewal following a leadership change, former B.C.
Cabinet minister has “ridiculous” concerns about erotic dance industry recruitment

Cabinet minister has “ridiculous” concerns about erotic dance industry recruitment

Advanced Education Minister Naomi Yamamoto announced August 29 that she fears that the adult entertainment industry will begin focusing its efforts on recruiting students at college job fairs – fears that Penthouse nightclub owner Danny Fillipo