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Economy, Law & Politics

PayByPhone adds service charge after parent company scores massive federal subsidy

PayByPhone adds service charge after parent company scores massive federal subsidy

The made-in-B.C. parking meter app contractor, now owned by a subsidiary of auto giant Volkswagen, will charge customers in Vancouver, Burnaby, White Rock and Whistler for text message reminders
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Why insured losses from wildfires might be manageable this year

Why insured losses from wildfires might be manageable this year

DBRS Morningstar expects that despite costs being manageable, there will be pressure to raise insurance prices
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Plea bargain reached in deadly restaurant shooting that targeted alleged money launderers

Plea bargain reached in deadly restaurant shooting that targeted alleged money launderers

Two men connected to the underground Richmond bank busted for laundering hundreds of millions of dollars through casinos were shot in 2020
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Founding the largest Asian grocery chain in Canada

Founding the largest Asian grocery chain in Canada

T&T founder Cindy Lee aims to inspire other immigrant entrepreneurs with autobiography
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Who’s Suing Whom: June 8, 2023

Who’s Suing Whom: June 8, 2023

The latest from the B.C. Supreme Court
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B.C. mortgage holders brace for higher payments for longer period

B.C. mortgage holders brace for higher payments for longer period

People will need to reconsider spending and businesses will likewise need to rethink loans to make further investments, says one B.C. economist.
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Canada marks Clean Air Day with worst air quality in the world as wildfires rage

Canada marks Clean Air Day with worst air quality in the world as wildfires rage

OTTAWA — Hazy skies tinged with an eerie yellow glow greeted millions of Canadians in Quebec and Ontario again Wednesday as the smoke from hundreds of wildfires continued to cause air quality warnings in Canada's most populated corridor.
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Beedie charity to provide $6.9m in student scholarships

Beedie charity to provide $6.9m in student scholarships

Real estate developer Ryan Beedie launched his grant program for students in 2018 with a $50m donation
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Bank of Canada raises interest rates as it tries to get ahead of hot economy

Bank of Canada raises interest rates as it tries to get ahead of hot economy

OTTAWA — After watching to see whether its aggressive rate hike path were enough to quash inflation, the central bank has opted to raise interest rates again — fuelling speculation that another rate hike is in the cards for July.
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What to know about the latest interest rate increase from the Bank of Canada

What to know about the latest interest rate increase from the Bank of Canada

OTTAWA — The Bank of Canada raised its key interest rate target by a quarter of a percentage point to 4.75 per cent on Wednesday, the first raise since it announced a pause in January.
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