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Economy, Law & Politics

Inflation, interest rates eroded Canadians' purchasing power since 2022: PBO report

Inflation, interest rates eroded Canadians' purchasing power since 2022: PBO report

OTTAWA — Inflation and higher interest rates have eroded Canadians' purchasing power since 2022, particularly for lower-income households, a new report from the parliamentary budget officer has found.
Statistics Canada reports $1.1B merchandise trade deficit for August

Statistics Canada reports $1.1B merchandise trade deficit for August

OTTAWA — Statistics Canada says the country posted a merchandise trade deficit of $1.1 billion in August as lower oil prices weighed on exports. The agency said Tuesday the result compared with a revised deficit of $287 million in July.
Day trader in Sooke files lawsuit against advisers, claims $415M loss

Day trader in Sooke files lawsuit against advisers, claims $415M loss

The carpenter, whose investments evaporated when Tesla stock took a dive, is blaming his financial advisers, saying they gave him bad advice
Canadian Chamber of Commerce sends stark warning about U.S. trade relationship

Canadian Chamber of Commerce sends stark warning about U.S. trade relationship

WASHINGTON — A new report from the Canadian Chamber of Commerce is sending a stark warning ahead of the U.S. presidential election, saying protectionist policies like Donald Trump's proposed tariffs could damage economies on both sides of the border.
AI impacting Canadian hiring decisions: Robert Half study

AI impacting Canadian hiring decisions: Robert Half study

Salary is the top consideration for many professional workers, although flexible work schedules are a perk that could lure recruits.
American Aboriginal rights in B.C. becomes election issue

American Aboriginal rights in B.C. becomes election issue

David Eby says B.C. First Nations must have priority in consultations with First Nations
Mergers and acquisitions to pick up in 2025 as conditions ease: KPMG

Mergers and acquisitions to pick up in 2025 as conditions ease: KPMG

TORONTO — KPMG says nine in 10 Canadian CEOs are considering making an acquisition within the next three years to help boost their company's growth.
Televised B.C. election debate will see party leaders face each other under lights

Televised B.C. election debate will see party leaders face each other under lights

VANCOUVER — The British Columbia election campaign is about to reach a critical juncture with the three main party leaders set to square off in a television debate Tuesday. It's the only televised debate of the campaign ahead of voting day on Oct.
Opinion: B.C. election housing platforms share a common thread—using public funds to address affordability

Opinion: B.C. election housing platforms share a common thread—using public funds to address affordability

BC NDP and BC Conservative election promises commit significant public money to address housing costs at scale
Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: Investment conference Principles for Responsible Investment will hold its annual PRI In Person annual conference in Toronto this week.
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