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Economy, Law & Politics

B.C. finance minister describes Tuesday's budget as nothing 'splashy and new'

B.C. finance minister describes Tuesday's budget as nothing 'splashy and new'

VICTORIA — British Columbia cannot continue to accumulate debt and will "be in trouble" if the province doesn't work toward a balanced budget, its finance minister told a group of business people the day after forecasting another record deficit.
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S&P/TSX composite climbs, U.S. markets rise after news of auto sector tariff delay

S&P/TSX composite climbs, U.S. markets rise after news of auto sector tariff delay

TORONTO — Canada's main stock index rose Wednesday, led by base metals, industrials and technology, while U.S. markets also gained in the afternoon after news that automakers will get a month-long tariff exemption, one day after the U.S.
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Stock market today: Wall Street rallies after Trump pulls back on some of his tariffs

Stock market today: Wall Street rallies after Trump pulls back on some of his tariffs

NEW YORK (AP) — U.S. stocks rallied after President Donald Trump pulled back on some of his tariffs, raising hopes he may avoid a worst-case trade war that grinds down economies and sends inflation higher. The S&P 500 rose 1.
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Rob Shaw: Blaming Trump won’t fix B.C.’s budget mess

Rob Shaw: Blaming Trump won’t fix B.C.’s budget mess

The largest deficit in provincial history delivers little beyond the status quo
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Ottawa moves to block 'predatory' investments as tariff war continues

Ottawa moves to block 'predatory' investments as tariff war continues

OTTAWA — Canada's industry minister is looking to block what he calls "predatory investment behaviour" as a trade war with the United States continues.
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Bryan Yu: New listings flooded B.C. market in January, as provincial CPI fell

Bryan Yu: New listings flooded B.C. market in January, as provincial CPI fell

Housing and fuel keep inflation elevated despite lower food and service price growth
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Les Leyne: Tariffs will ravage red-ink budget

Les Leyne: Tariffs will ravage red-ink budget

When tariffs slammed into place Tuesday, the immediate impact was to shred most of the forecasts in the budget before it was even introduced
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Tariffs spark Canadian calls for cross-country electrification

Tariffs spark Canadian calls for cross-country electrification

'Now is the time' to build out national electricity grid, says executive director of Pembina Institute.
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Trudeau says the U.S. launched a 'very dumb' trade war and Canada is fighting back

Trudeau says the U.S. launched a 'very dumb' trade war and Canada is fighting back

OTTAWA — U.S. President Donald Trump remained resolute about using tariffs to fill America's coffers hours after starting a North American trade war that rattled markets and was described by Canadian Prime Minister Justin Trudeau as "very dumb.
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B.C. ends electric vehicle tax exemption amid budget deficit

B.C. ends electric vehicle tax exemption amid budget deficit

Ending the used EV tax exemption was part of a B.C. budget that offered little new spending on climate measures, and $4 billion to cover 'unpredictable costs,' including tariff responses.
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