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Economy, Law & Politics

Opinion: Prompt payment legislation needed to keep contractors afloat

Opinion: Prompt payment legislation needed to keep contractors afloat

It may come as a shock to other industries, but in the Industrial, commercial, institutional and multi-unit residential construction sector, contractors aren鈥檛 paid upon completion of their work.
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Opinion: Eby blowing surplus on wasteful spending instead of paying down debt

Opinion: Eby blowing surplus on wasteful spending instead of paying down debt

Think of provincial finances like your family budget. Right now, Premier David Eby has a big debt to settle.
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Former Victoria mayor appointed as housing adviser for province

Former Victoria mayor appointed as housing adviser for province

Lisa Helps will help develop the province鈥檚 B.C. Builds program, an initiative to build housing for middle-income families, individuals and seniors.
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Opinion: It鈥檚 time to prepare for the worst to protect against a downturn

Opinion: It鈥檚 time to prepare for the worst to protect against a downturn

Storm clouds are gathering over B.C.鈥檚 construction industry as we enter 2023. For more than a decade, cheap money has helped fuel a booming sector.
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S&P/TSX composite down in late-morning trading, U.S. stock markets mixed

S&P/TSX composite down in late-morning trading, U.S. stock markets mixed

TORONTO 鈥� Canada's main stock index was down in late-morning trading amid losses in the industrial and technology sectors, while U.S. stock markets were mixed. The S&P/TSX composite index was down 25.56 points at 20,574.04.
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Debt spiralling out of control for many B.C. consumers, businesses

Debt spiralling out of control for many B.C. consumers, businesses

British Columbians are struggling with debt. This could be expected, given that inflation hit a 39-year peak of 8.1 per cent last June, interest rates are at 15-year highs and COVID-19-related financial support is long gone.
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Statistics Canada says job vacancies down 2.4 per cent in November

Statistics Canada says job vacancies down 2.4 per cent in November

OTTAWA 鈥� Statistics Canada says the number of job vacancies fell by 2.4 per cent in November to their lowest level since August 2021. The agency says the number of job vacancies across all sectors was down 20,700 at 850,300 for the month.
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Housing remains atop the priority list for B.C.鈥檚 young adults

Housing remains atop the priority list for B.C.鈥檚 young adults

Nearly half of British Columbians think the actions of the provincial government will be effective in making housing more affordable.
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Senator recognizes pro-CCP activists in B.C. with Queen鈥檚 Platinum Jubilee medals

Senator recognizes pro-CCP activists in B.C. with Queen鈥檚 Platinum Jubilee medals

Senator Victor Oh awarded 24 people the Queen鈥檚 Platinum Jubilee medal to 鈥渞ecognize some of our community鈥檚 most-outstanding citizens, who have contributed so much to this great country, Canada.鈥�
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As the BoC takes a pause from hiking rates, all eyes are on the labour market

As the BoC takes a pause from hiking rates, all eyes are on the labour market

OTTAWA 鈥� As the Bank of Canada takes a pause from raising interest rates to assess the effects of higher borrowing costs on the economy, economists will be paying close attention to how the labour market is affected.
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