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Economy, Law & Politics

Canadian business insolvencies up 37.2% in 2022, consumer insolvencies up 11.2%

Canadian business insolvencies up 37.2% in 2022, consumer insolvencies up 11.2%

OTTAWA — The number of insolvencies filed by Canadian businesses in 2022 was up 37.2 per cent compared with 2021. The Office of the Superintendent of Bankruptcy says there were 3,402 business insolvencies last year, up from 2,480 in 2021.
Opinion: Civic management of snowstorms leaves constituents dismayed

Opinion: Civic management of snowstorms leaves constituents dismayed

Few events challenge Metro Vancouverites as much as a snowstorm.
S&P/TSX composite edges lower in late-morning trading, U.S. stocks mixed

S&P/TSX composite edges lower in late-morning trading, U.S. stocks mixed

TORONTO — Canada's main stock index edged lower in late-morning trading as losses in the technology and utility sectors helped to more than offset gains in energy stocks, while U.S. stock markets were mixed.
Trudeau to present health-care offer to premiers in long-awaited meeting for new deal

Trudeau to present health-care offer to premiers in long-awaited meeting for new deal

OTTAWA — Canada's health-care system is not working as well as it should and that has to change, Prime Minister Justin Trudeau said Tuesday as he prepared to meet the premiers to work on a new health funding deal.
Statistics Canada reports merchandise trade deficit $160M in December

Statistics Canada reports merchandise trade deficit $160M in December

OTTAWA — Statistics Canada says the country posted a merchandise trade deficit of $160 million in December as both exports and imports fell compared with November.
Canadians now expect to need $1.7M in order to retire: BMO survey

Canadians now expect to need $1.7M in order to retire: BMO survey

CALGARY — Canadians now believe they need $1.7 million in savings in order to retire, a 20 per cent increase from 2020, according to a new BMO survey.
Legal Decision of the Day: Kamloops vape shop ordered to pay $3K

Legal Decision of the Day: Kamloops vape shop ordered to pay $3K

Vape shop Strange Cloudz Vape Kamloops Corp. was ordered to pay $2,850 to Endymion Holdings Ltd. for website development work despite what the shop claimed was a poor-quality product.
Who’s Getting Sued: Feb. 7, 2023

Who’s Getting Sued: Feb. 7, 2023

These corporate claims were filed with the СÀ¶ÊÓƵ Supreme Court registry in Vancouver. Information is derived from notices of civil claim. Civil claims have not been tested or proven in court. Defendants Canwest Aerospace Inc.
Vancouver Mayor Ken Sim’s top staffer quits

Vancouver Mayor Ken Sim’s top staffer quits

Mayor Ken Sim is looking for a new chief of staff, after just three months in office.
Opinion: СÀ¶ÊÓƵ throne speech indicates plan to spend – missing is a plan for growth

Opinion: СÀ¶ÊÓƵ throne speech indicates plan to spend – missing is a plan for growth

Every new leader has to honour the predecessor yet chart a different course. I’ve yet to hear one say he/she will do exactly what the last woman/man did, even if in power there is a nice crutch to lean on.
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