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Economy, Law & Politics

RBC's takeover of HSBC Canada means less competition on mortgage rates: expert

RBC's takeover of HSBC Canada means less competition on mortgage rates: expert

The rubberstamped sale of HSBC's Canadian operations to RBC will lessen competition onmortgage rates, says one analyst who touted the bank's key role in lowering borrowing costs through its presence in Canada.
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Federal government posts $15.1 billion deficit between April and October this year

Federal government posts $15.1 billion deficit between April and October this year

OTTAWA — The federal government recorded a budgetary deficit of $15.1 billion between April and October, $7 billion of which was in October.
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GDP unchanged for third straight month in October: Statistics Canada

GDP unchanged for third straight month in October: Statistics Canada

OTTAWA — Statistics Canada says the economy remained flat in October for the third straight month as services-producing industries edged 0.1 per cent higher, while goods-producing industries were unchanged.
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Receiver's report suggests Martel investors may not see a dime

Receiver's report suggests Martel investors may not see a dime

Based on what the receiver has recovered so far, none of 860 investors who lodged claims with receivership will receive any financial return.
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The high costs of wildfires in 2023: For homeowners the struggles carry on for months

The high costs of wildfires in 2023: For homeowners the struggles carry on for months

British Columbia suffered its worst wildfire season on record, with about 400 homes destroyed and more than 2.8 million hectares burned.
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Freeland approves RBC's $13.5-billion takeover of HSBC Canada with conditions

Freeland approves RBC's $13.5-billion takeover of HSBC Canada with conditions

OTTAWA — Finance Minister Chrystia Freeland has approved RBC's $13.5-billion takeover of HSBC Canada, despite calls from opposition politicians and other groups to block it over concerns of reduced competition.
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BC Conservatives’ swift ascent stands in stark contrast to United’s 2023 stumbles, says polling

BC Conservatives’ swift ascent stands in stark contrast to United’s 2023 stumbles, says polling

The BC Conservatives should be seen as the clear winners among the opposition parties this year
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B.C.'s Nisga’a Nation goes to court to evict ‘outlaws’

B.C.'s Nisga’a Nation goes to court to evict ‘outlaws’

Nisga’a say neighbouring First Nation doesn’t have legal right to occupy Nass Wildlife Area
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Ship that housed Ukrainian refugees to provide worker accommodations in Squamish

Ship that housed Ukrainian refugees to provide worker accommodations in Squamish

Woodfibre LNG's upcoming floatel worker housing once was home to Ukrainians fleeing the Russian invasion.
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Skyrocketing 'ridiculously expensive' civic projects mean Burnaby wants experts to review costs

Skyrocketing 'ridiculously expensive' civic projects mean Burnaby wants experts to review costs

One city councillor said the projects are 'over-designed.'
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