Economy, Law & Politics

In wake of ICBC boss' sudden departure, experts say fear of government interference is a barrier to finding – and retaining – top talent for civil service leadership roles

Federal government belt-tightening will hurt Canada's real GDP growth in 2013, according to a new CIBC report. The bank took issue with a Bank of Canada forecast that the federal government would boost the national GDP next year.

Premier Christy Clark is planning to promote B.C. at the World Economic Forum (WEC) annual meeting of new champions on September 11 in Tianjin, China.

While nationwide numbers grew slowly, B.C. had the highest average consumer debt – excluding mortgages – in the nation at $37,433 in 2012's first quarter, according to TransUnion Canada's quarterly analysis of Canadian credit trends.

The British Columbia Securities Commission (BCSC) has issued a notice of hearing alleging that mining company Cinnabar Explorations Inc. and three B.C. residents engaged in illegal distributions, and that one of them made prohibited statements.

The number of British Columbians receiving employment insurance (EI) benefits fell in June. Statistics Canada reported August 23 that 55,600 British Columbians received EI benefits in June, down from 55,980 in May. The 0.

Vancity announced yesterday that it has divested its holdings in Enbridge Inc. based on the US National Transportation Safety Board report on the embattled company's 2010 pipeline spill in Michigan.

Canadian investors should adopt a diversified approach to investing during times of economic uncertainty – one that maintains a return on their investments while hedging against unnecessary risk – according to BMO InvestorLine.

B.C.

B.C. outpaced the rest of Canada in attracting venture capital investment, according to a study prepared for the Canadian Venture Capital and Private Equity Association by Thomson Reuters. The study shows that investment activity in B.C.