Economy, Law & Politics

Initiative zeroes in on small and medium-sized businesses

Kelowna’s KF Aerospace among B.C. companies to benefit from new P-8A Poseidon procurement.

EDMONTON — Alberta’s budget surplus is growing, but will be offset by more than $1 billion this year to pay for floods, forest fires and drought. Finance Minister Nate Horner says the province is on track to record a $5.

Manufacturer's balance sheet swung to profit from a loss in the year that workers went on strike

TORONTO — Several Canadian banks on Thursday reported fourth-quarter results that showed rising funds set aside for bad loans, and a heavy focus on expense management, as they prepared for the expected slower economy ahead.

The B.C. government has applied in court to order two B.C. residents to explain how they got $1 million to buy a home on Salt Spring Island; the couple is allegedly linked as beneficiaries to a major stock fraud scheme.

OTTAWA — The Canadian economy shrank in the third quarter as higher rates weighed on consumer and business spending, but has so far managed to skirt a recession after a significant upward revision to second quarter GDP figures.

TORONTO — TD Bank Group said it's cutting three per cent of staff and setting more money aside for souring loans as it reported fourth quarter results that reflect a deteriorating economic picture.

TORONTO — RBC chief executive Dave McKay made some of his most forceful comments yet on the importance of the federal government approving the bank's $13.5-billion takeover of HSBC Canada as the deal attracts rising opposition.

The Conservative Party continues to lead national polls as the country inches toward its next national election.