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Economy, Law & Politics

BoC delivers half percentage point rate cut, says it now must keep inflation at 2%

BoC delivers half percentage point rate cut, says it now must keep inflation at 2%

OTTAWA — The Bank of Canada delivered a supersized interest rate cut Wednesday in response to the recent decline in inflation, bringing its key policy rate down by half a percentage point.
Stock market today: Wall Street opens lower as its recent rally cools some more

Stock market today: Wall Street opens lower as its recent rally cools some more

NEW YORK (AP) — Stocks are opening lower as more momentum comes out of Wall Street’s record-breaking rally. The S&P 500 was 0.3% lower early Wednesday. It’s coming off two small losses since setting an all-time high on Friday.
Opinion: B.C.’s economy can’t absorb its population growth

Opinion: B.C.’s economy can’t absorb its population growth

Rising unemployment and falling building permits show economic pressure from population growth, according to Central 1 economist
B.C. pharmacists report harm from alleged corporate performance targets

B.C. pharmacists report harm from alleged corporate performance targets

Some 31 per cent of 2,199 respondents reported that company pressures resulted in 'compromised public safety.'
Eby says B.C. Greens not yet ready for minority talks as Furstenau stays Green leader

Eby says B.C. Greens not yet ready for minority talks as Furstenau stays Green leader

Premier and NDP Leader David Eby says he's been told by the B.C. Green Party that it's too early to begin talks about a minority government agreement after the weekend's still-undecided provincial election.
Green councillor withdraws call for review of natural gas ban reversal in new homes

Green councillor withdraws call for review of natural gas ban reversal in new homes

Vancouver council voted 6-5 in July to reverse policy that banned use of natural gas for heating, hot water in construction of new detached homes
'That is their prerogative': Dr. Bonnie Henry reflects on campaign to fire her, launches vaccine campaign

'That is their prerogative': Dr. Bonnie Henry reflects on campaign to fire her, launches vaccine campaign

Provincial health officer Bonnie Henry says she's preparing for respiratory season following a political election campaign where she became a target of the BC Conservatives.
Justin Trudeau says his leadership is not in danger as Liberals brace for revolt

Justin Trudeau says his leadership is not in danger as Liberals brace for revolt

OTTAWA — Prime Minister Justin Trudeau says his leadership of the Liberal party is not in danger, even as members of his caucus prepare to confront him Wednesday in the hopes of convincing him to step down.
Retiring early hurts financial resiliency, Manulife survey shows

Retiring early hurts financial resiliency, Manulife survey shows

TORONTO — A Manulife report says retiree experiences vary significantly based on when a person retired, and whether it was planned or earlier than expected.
IMF's view: The global fight against high inflation is 'almost won'

IMF's view: The global fight against high inflation is 'almost won'

WASHINGTON (AP) — The global war against inflation has largely been won — and at surprisingly little cost to economic growth, the International Monetary Fund declared Tuesday.