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Economy, Law & Politics

B.C. residents ordered to pay US$119.3M to SEC in offshore stock fraud case

B.C. residents ordered to pay US$119.3M to SEC in offshore stock fraud case

Five B.C. residents were recently issued US$51 million in disgorgement orders and civil penalties, bringing the total monetary orders to over US$119.3 million for a widespread offshore stock fraud scheme perpetrated, in part, from Vancouver.
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (21,875.79, down 66.37 points): TC Energy Corp. (TSX:TRP). Energy. Down 94 cents, or 1.8 per cent, to $51.86 on 34.4 million shares.
Business and consumer insolvencies rise in May from last year

Business and consumer insolvencies rise in May from last year

TORONTO — Canadian insolvencies rose in May from last year as elevated inflation and interest rates continue to hit businesses and consumers.
B.C. finishes merging health-profession colleges in plan for better oversight

B.C. finishes merging health-profession colleges in plan for better oversight

VICTORIA — British Columbia's government has amalgamated 11 health-professional colleges into two, setting the foundation for what it says is stronger oversight.
Authorities shutter Vancouver pharmacy citing multiple violations of federal drug laws

Authorities shutter Vancouver pharmacy citing multiple violations of federal drug laws

Health Hub Pharmacy’s licence suspended pending completion of an investigation.
Economy grew 0.3% in April, Statistics Canada reports

Economy grew 0.3% in April, Statistics Canada reports

OTTAWA — Canadian economic growth rebounded in April, but early indications suggested it failed to maintain the momentum into May. Statistics Canada said Friday real gross domestic product grew 0.
Former B.C. premier Christy Clark calls for Justin Trudeau to be replaced

Former B.C. premier Christy Clark calls for Justin Trudeau to be replaced

In an interview Thursday, Ms. Clark said the byelection loss in Toronto-St. Paul’s is a sign that the Liberal Party needs a change
'Pivotal moment': Trudeau and Tsilhqotʼin nation celebrate anniversary of land ruling

'Pivotal moment': Trudeau and Tsilhqotʼin nation celebrate anniversary of land ruling

NEMAIAH VALLEY, B.C. — Chief Joe Alphonse of the Tsilhqot’in First Nation says the 2014 court ruling that resulted in the first declaration of Aboriginal title in Canadian history triggered a decade of "huge" shifts.
Legal action coming to recover COVID benefit overpayments: CRA

Legal action coming to recover COVID benefit overpayments: CRA

The Canada Revenue Agency is ramping up efforts to recover overpayments of pandemic-related benefits to individuals as more than $9 billion remains owed.
B.C. Investment Management earned 7.5% annual combined pension plan return

B.C. Investment Management earned 7.5% annual combined pension plan return

VICTORIA — British Columbia Investment Management Corp. says it earned an annual combined pension plan return of 7.5 per cent for its latest year.