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Economy, Law & Politics

BoC holds key rate at 5%, keeps door open to more hikes in case of sticky inflation

BoC holds key rate at 5%, keeps door open to more hikes in case of sticky inflation

OTTAWA — The Bank of sa¹ú¼Ê´«Ã½ held its key interest rate steady at five per cent on Wednesday, but hasn't ruled out future rate hikes as its latest projections show inflation remaining higher in the short term.
Drought reveals cracks in sa¹ú¼Ê´«Ã½-U. S. Columbia River Treaty as sa¹ú¼Ê´«Ã½ lake dries up

Drought reveals cracks in sa¹ú¼Ê´«Ã½-U. S. Columbia River Treaty as sa¹ú¼Ê´«Ã½ lake dries up

Victoria Youmans says she hasn't seen Arrow Lakes Reservoir looking so low in more than 20 years.
Business leaders increasingly see importance of climate plans: survey

Business leaders increasingly see importance of climate plans: survey

TORONTO — A new survey finds Canadian business leaders increasingly see climate change plans as good for their bottom line. The survey commissioned by BMO of 700 small and medium business leaders in sa¹ú¼Ê´«Ã½ and the U.S.
Food Banks sa¹ú¼Ê´«Ã½ report paints dire picture of sa¹ú¼Ê´«Ã½-wide affordability crisis

Food Banks sa¹ú¼Ê´«Ã½ report paints dire picture of sa¹ú¼Ê´«Ã½-wide affordability crisis

VANCOUVER — There are many heartbreaking tales behind the record number of Canadians using food banks as they struggle with high inflation and mounting housing costs, says a Vancouver food bank executive.
sa¹ú¼Ê´«Ã½ researchers working to improve wildfire prediction

sa¹ú¼Ê´«Ã½ researchers working to improve wildfire prediction

Today's wildfire modelling technology could have helped reduce the impact of sa¹ú¼Ê´«Ã½'s most costly natural disaster.
Canadians oppose Trans Mountain pipeline debt, says environmental group

Canadians oppose Trans Mountain pipeline debt, says environmental group

Growing costs of the now $31-billion pipeline could mean projected revenues don't match the existing government-backed loans needed to complete the project, sa¹ú¼Ê´«Ã½'s auditor general has warned.
BC United calls premier 'condo king' over Victoria property sale; Eby says 'nonsense'

BC United calls premier 'condo king' over Victoria property sale; Eby says 'nonsense'

The Opposition BC United accused David Eby on Tuesday of largely profiting from the sale of his condominium in 2019 because it was in a building complex that did not have rental restrictions.
Chinese government officials make first official Vancouver visit in five years

Chinese government officials make first official Vancouver visit in five years

The delegation comes at a tense time for sa¹ú¼Ê´«Ã½-China relations; Vancouver and Guangzhou established sister city relations in 1985.
West Vancouver developer ordered to pay $1.8 million for civil fraud

West Vancouver developer ordered to pay $1.8 million for civil fraud

The court found numerous instances of the developer submitting documents to a business partner that turned out to be fake
'He'll be OK': Premier David Eby unconcerned about Bank of sa¹ú¼Ê´«Ã½ independence

'He'll be OK': Premier David Eby unconcerned about Bank of sa¹ú¼Ê´«Ã½ independence

sa¹ú¼Ê´«Ã½ Premier David Eby received a letter from Bank of sa¹ú¼Ê´«Ã½ governor Tiff Macklem, who expressed concern about specific directions on monetary policy.