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Economy, Law & Politics

Waiting for lower interest rates? Why variable-rate mortgage borrowers may see disappointing discounts

Waiting for lower interest rates? Why variable-rate mortgage borrowers may see disappointing discounts

Borrowers may be surprised to see they did not get the Bank of Canada’s full discount. It’s common for lenders to slash the spread to prime on variable-rate when interest rates are trending down.
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Little movement for B.C. companies on energy-dominated TSX30 list

Little movement for B.C. companies on energy-dominated TSX30 list

More than half the companies on TSX30 this year are Alberta companies
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How Metro Vancouver is upgrading sewer and water infrastructure

How Metro Vancouver is upgrading sewer and water infrastructure

Significant, higher-than-planned investments will be sunk into costly but necessary treatment plant and tunnel upgrades.
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Richmond trucking company fined $100K, ordered to cease operating and remove fill

Richmond trucking company fined $100K, ordered to cease operating and remove fill

An ALR property on No. 6 Road has been used as a parking area for commercial trucks.
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Life satisfaction among Canadians on the decline, StatCan survey finds

Life satisfaction among Canadians on the decline, StatCan survey finds

The survey found only 48.6 per cent of Canadians aged 15 years and older feeling were "highly satisfied" with their lives in 2024.
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S&P/TSX gains almost 100 points, U.S. markets also higher ahead of rate decision

S&P/TSX gains almost 100 points, U.S. markets also higher ahead of rate decision

TORONTO — Strength in the base metal and technology sectors helped Canada's main stock index gain almost 100 points on Friday, while U.S. stock markets climbed to their best week of the year.
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NDP caving to Poilievre on carbon price, has no idea how to fight climate change: PM

NDP caving to Poilievre on carbon price, has no idea how to fight climate change: PM

OTTAWA — Prime Minister Justin Trudeau took shots at the NDP on Friday for equivocating on the consumer carbon price, accusing Jagmeet Singh of caving to political pressure from Conservative Leader Pierre Poilievre.
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Stock market today: Wall Street climbs to the cusp of records and closes its best week of the year

Stock market today: Wall Street climbs to the cusp of records and closes its best week of the year

NEW YORK (AP) — U.S. stocks rose closer to their records and closed out their best week of the year as hopes built for a big rate cut next week. The S&P 500 rose 0.5% Friday to climb within 0.7% of its all-time high reached in July.
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Ex-RCMP officer's case a national security issue, B.C. judge told

Ex-RCMP officer's case a national security issue, B.C. judge told

Bill Majcher was a member of the Richmond Non-Partisan Association while working as an RCMP undercover operator.
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Opinion: 'Common sense' politics falls short in a complex Canada

Opinion: 'Common sense' politics falls short in a complex Canada

In the post-pandemic landscape, the allure of 'common sense' politics is strong — but it may exclude and oversimplify critical issue
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