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Economy, Law & Politics

Banks lower prime rates in line with Bank of Canada rate cut

Banks lower prime rates in line with Bank of Canada rate cut

Canadian financial institutions say they are lowering their prime lending rates to match the decrease announced by the Bank of Canada. The central bank lowered its key interest rate by a quarter percentage point Wednesday to 4.5 per cent.
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Grim outlook for clients of B.C. funeral home under cease-and-desist order

Grim outlook for clients of B.C. funeral home under cease-and-desist order

Consumer Protection BC has suspended a Chilliwack funeral home's licences and issued a freeze order on remaining assets.
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BoC's Macklem says he wants growth to pick back up as bank cuts key rate again

BoC's Macklem says he wants growth to pick back up as bank cuts key rate again

OTTAWA — The Bank of Canada appeared to be increasingly concerned about the risk of high interest rates slowing the economy and inflation by more than necessary as it delivered a second consecutive rate cut Wednesday.
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How rising life expectancies are reshaping wealth management in Canada

How rising life expectancies are reshaping wealth management in Canada

Clients are starting to focus on financial plans beyond their 80s and 90s, according to the largest wealth management firm in Vancouver
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Here's what the Bank of Canada's rate drop means for the loonie

Here's what the Bank of Canada's rate drop means for the loonie

The Bank of Canada lowered its key interest rate for the second time this year to 4.5 per cent. Here's what the decision means for the Canadian dollar. How has the decision affected the Canada-U.S.
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What a second Trump presidency could mean for Canada's economy

What a second Trump presidency could mean for Canada's economy

Trade, migration and defence most likely to change should former American president succeed in winning the White House in November.
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Competition Bureau outlines what can be considered corporate greenwashing

Competition Bureau outlines what can be considered corporate greenwashing

Goals and timelines for achieving environmental objectives such as reducing carbon emissions must be supported by clear and specific plans, bureau says.
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B.C. accounting regulator criticized for anonymizing member misconduct

B.C. accounting regulator criticized for anonymizing member misconduct

Enforcement decisions published by the Chartered Professional Accountants of BC are typified by anonymity, scant disclosure and insignificant penalties
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S&P/TSX composite index dragged lower Tuesday by energy, U.S. markets also down

S&P/TSX composite index dragged lower Tuesday by energy, U.S. markets also down

TORONTO — Losses in the energy sector led Canada's main stock index lower on Tuesday, while U.S. stock markets were also down.
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B.C., Ottawa ink $426M deals to support care assistants, drugs for rare diseases

B.C., Ottawa ink $426M deals to support care assistants, drugs for rare diseases

VANCOUVER — Ottawa is providing $426 million to support heath care in British Columbia.
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