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Economy, Law & Politics

Government benefits helped lower-income households afford rising cost of living: PBO

Government benefits helped lower-income households afford rising cost of living: PBO

OTTAWA — The parliamentary budget officer says lower-income households maintained their purchasing power despite high inflation with help from government benefits.
Details on new federal infrastructure funding expected this fall: LeBlanc

Details on new federal infrastructure funding expected this fall: LeBlanc

WHISTLER, B.C.
BoC debated waiting until July to hike rates, but says data prompted it to act sooner

BoC debated waiting until July to hike rates, but says data prompted it to act sooner

OTTAWA — The Bank of Canada's governing council considered waiting until July to raise interest rates, but ultimately decided to act sooner in the face of hot economic data.
Vancouver stockbroker fined $25K after trading millions of dollars for fraud convict

Vancouver stockbroker fined $25K after trading millions of dollars for fraud convict

Regulators said Robert Barber, senior investment advisor for Research Capital, failed his 'gatekeeping' duties when he conducted trades for a man criminally convicted of fraud
MP Bachrach urges extension of small business loan repayments

MP Bachrach urges extension of small business loan repayments

Only 15 percent of small businesses have been able to make full repayment as December 31 deadline nears, says Skeena-Bulkley Valley NDP MP
Federal Court ruling allows CSIS to deploy surveillance technology without warrant

Federal Court ruling allows CSIS to deploy surveillance technology without warrant

A redacted version of the previously-secret decision was published Tuesday, as CSIS warned Canadians about Chinese intelligence strategies
New $30-million Queensborough substation providing power to New West

New $30-million Queensborough substation providing power to New West

Powering New Westminster’s growth: New Queensborough electrical substation gets fired up
Burnaby can conceal hundreds of properties tapped for land assembly: judge

Burnaby can conceal hundreds of properties tapped for land assembly: judge

The city said revealing the property details would give neighbouring owners a “virtual roadmap” showing where a land assembly is planned, leading property owners to seek prices much higher than market value.
Businesses' changing credit usage a worrying trend: Equifax

Businesses' changing credit usage a worrying trend: Equifax

TORONTO — New data suggests a significant shift in credit usage among businesses in the first quarter of 2023, Equifax Canada said.
OSFI raises capital requirements for big banks to 3.5% amid higher debt levels

OSFI raises capital requirements for big banks to 3.5% amid higher debt levels

OTTAWA — Canada's financial regulator is raising the amount of capital the country's major banks need to have on hand to cover potential losses as it says financial system vulnerabilities remain elevated and in some cases have continued to increase.