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Federal government posts $14.5-billion deficit for April-to-October period

Federal government posts $14.5-billion deficit for April-to-October period

OTTAWA — The Finance Department says the federal deficit was $14.5 billion between April and October. That compares to a $15.1 billion deficit over the same period last year. According to the monthly fiscal monitor, revenues were up $26.
Canadian retail sales up 0.6% in October, buoyed by vehicle purchases

Canadian retail sales up 0.6% in October, buoyed by vehicle purchases

OTTAWA — Retail sales rose 0.6 per cent to $67.6 billion in October, led by increases in vehicle sales, said Statistics Canada on Friday.
Insolvency wave hit B.C. firms hard in 2024 amid economic squeeze

Insolvency wave hit B.C. firms hard in 2024 amid economic squeeze

Inflation, elevated interest rates, market disruptions drove business failures in key sectors
B.C. small business confidence among lowest in Canada, says report

B.C. small business confidence among lowest in Canada, says report

Provincial levies, payroll requirements and crime among reasons for bleak outlooks
MPs Bendayan, Duguid, Fisher to join Trudeau cabinet in shuffle Friday

MPs Bendayan, Duguid, Fisher to join Trudeau cabinet in shuffle Friday

OTTAWA — Prime Minister Justin Trudeau is set to add multiple new names to his cabinet Friday when he shuffles his team days after Chrystia Freeland rattled the party and the government with her sudden resignation as finance minister.
Landslide on tracks stops Amtrak passenger runs between Seattle and Vancouver

Landslide on tracks stops Amtrak passenger runs between Seattle and Vancouver

WHITE ROCK, B.C. — A landslide that blocked railway tracks has stopped Amtrak passenger service between Vancouver and Seattle. Amtrak says in a statement Thursday that the landslide near White Rock, B.C.
U.S. tariffs potentially devastating for Canadian businesses: CME poll

U.S. tariffs potentially devastating for Canadian businesses: CME poll

OTTAWA — The tariffs threatened by U.S. president-elect Donald Trump could be potentially devastating for Canadian businesses and workers, said a new survey by lobby group Canadian Manufacturers and Exporters.
Campaign urges skilled labour to 'Stay with B.C.' to counter efforts from Alberta

Campaign urges skilled labour to 'Stay with B.C.' to counter efforts from Alberta

VANCOUVER — The Business Council of British Columbia has launched an awareness campaign to counter the province's rising outward migration to Alberta. The business advocacy group says its "Stay with B.C.
TRU becomes first university in B.C. with guaranteed tuition rates for international students

TRU becomes first university in B.C. with guaranteed tuition rates for international students

The new model fixes tuition rates for the length of programs but raises fees for most students next fall.
Can stock markets sustain 2024 bull run into 2025?

Can stock markets sustain 2024 bull run into 2025?

Year in Review: Indices have in recent years outperformed Vancouver real estate, other investments