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Economy, Law & Politics

Kirk LaPointe: B.C. is drowning in debt and no one’s throwing a rope

Kirk LaPointe: B.C. is drowning in debt and no one’s throwing a rope

Behind the G7 growth talk is a story of household strain, lender complacency, and economic fragility
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S&P/TSX composite edges up, U.S. markets move lower

S&P/TSX composite edges up, U.S. markets move lower

Canada's main stock index ticked higher and U.S. markets drifted lower on Wednesday, as investors braced for earnings from U.S. tech heavyweight Nvidia after the bell and GDP numbers later in the week. The S&P/TSX composite index rose 14.
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Wall Street drifts lower ahead of Nvidia's earnings report

Wall Street drifts lower ahead of Nvidia's earnings report

NEW YORK (AP) — U.S. stocks closed lower a day after leaping back within a few good days’ worth of gains from their all-time high. The S&P 500 fell 0.6% Wednesday after meandering between earlier gains and losses.
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Canada Post puts forward 'final offers' to union as overtime ban continues

Canada Post puts forward 'final offers' to union as overtime ban continues

The union had been in a strike position starting Friday but opted instead for an overtime ban.
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B.C. Ombudsperson Jay Chalke announces 2026 retirement after 10 years on the job

B.C. Ombudsperson Jay Chalke announces 2026 retirement after 10 years on the job

VICTORIA — British Columbia's longest-serving ombudsperson has announced he will retire from his role in early 2026. Jay Chalke has been in the role for a decade and oversaw the implementation of new responsibilities under B.C.
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B.C.'s minimum wage to increase to $17.85 on June 1

B.C.'s minimum wage to increase to $17.85 on June 1

VICTORIA — British Columbia's Labour Ministry says the province's lowest paid workers are getting a pay bump as of Sunday. It says the minimum wage will increase from $17.40 to $17.85 an hour. The ministry says the 2.
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Rob Shaw: NDP digs into BC Liberal playbook for 'phantom savings' budget

Rob Shaw: NDP digs into BC Liberal playbook for 'phantom savings' budget

Finance Minister Brenda Bailey borrows from 2009-era accounting tactics to patch holes in a $10.9B deficit
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Young people, newcomers fuel new debt growth: TransUnion report

Young people, newcomers fuel new debt growth: TransUnion report

The latest TransUnion debt report shows total debt continued to grow in the first quarter compared with the year before, driven mainly by young people and newcomers.
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Parliament gets back to work with a new prime minister and many new faces

Parliament gets back to work with a new prime minister and many new faces

OTTAWA — Parliament gets back to work Wednesday with a new Speaker, a new prime minister and plenty of new faces in the House of Commons.
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B.C.'s chief electoral officer pushes against 'false narratives' in 2024 vote

B.C.'s chief electoral officer pushes against 'false narratives' in 2024 vote

VICTORIA — British Columbia's chief electoral officer has issued a report he says pushes back against "false narratives" about the 2024 provincial election, as the Opposition BC Conservatives continue to call for an independent review.
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