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Economy, Law & Politics

Canada’s economy contracts in May even as some sectors rebound from tariffs

Canada’s economy contracts in May even as some sectors rebound from tariffs

OTTAWA — Canada's economy contracted for a second straight month in May even as some sectors held up in the face of U.S. tariffs. Real gross domestic product fell 0.1 per cent in May, Statistics Canada said Thursday, matching the decline in April.
Delta City Manager gets top job in Vancouver

Delta City Manager gets top job in Vancouver

Donny van Dyk is the new City Manager for Vancouver
PM Carney says trade talks with U.S. may not end by Aug. 1 deadline

PM Carney says trade talks with U.S. may not end by Aug. 1 deadline

WASHINGTON — Prime Minister Mark Carney said on Wednesday that Canada's negotiations with the United States might not conclude by Donald Trump's Aug.
B.C.'s new jobs minister says innovation still front and centre despite rebrand

B.C.'s new jobs minister says innovation still front and centre despite rebrand

Innovation stays, but 'growth' is the new buzzword as B.C. shuffles cabinet and updates economic plan
S&P/TSX composite falls nearly 170 points, U.S. markets were mixed

S&P/TSX composite falls nearly 170 points, U.S. markets were mixed

TORONTO — Canada's main stock index saw broad declines Wednesday while U.S. markets were mixed as both the Bank of Canada and the U.S. Federal Reserve held borrowing costs steady. The S&P/TSX composite index finished 169.
US stocks slip as hopes for a September cut to interest rates weaken

US stocks slip as hopes for a September cut to interest rates weaken

NEW YORK (AP) — U.S. stock indexes slipped as doubts rise about whether the Federal Reserve will deliver economy-juicing cuts to interest rates by September. The S&P 500 fell 0.1% Wednesday. The Dow Jones Industrial Average dropped 0.
Bank of Canada holds key rate at 2.75% but opens door to future cuts

Bank of Canada holds key rate at 2.75% but opens door to future cuts

OTTAWA — The Bank of Canada left its policy rate unchanged Wednesday but said future cuts may be warranted as U.S. tariffs continue to cloud the outlook. The central bank’s policy rate remains at 2.75 per cent after a third consecutive hold.
Ship breaking critic wins $165K after company's legal delays

Ship breaking critic wins $165K after company's legal delays

Union Bay activist was awarded the legal fees after the ship breaker was found to have delayed an anti-SLAPP application.
Oil prices help S&P/TSX composite close higher on Tuesday, U.S. markets fall

Oil prices help S&P/TSX composite close higher on Tuesday, U.S. markets fall

TORONTO — Canada's main stock index finished higher to cap off trading on Tuesday, benefiting from a rise in oil prices, while U.S. markets moved lower. The S&P/TSX composite index closed up 134.46 points at 27,539.88.
Prolific B.C. poacher gets 6 years, $1.1M fine over sea cucumbers

Prolific B.C. poacher gets 6 years, $1.1M fine over sea cucumbers

Serial poacher who used aliases and sham companies leads to major sentence