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Economy, Law & Politics

Loonie hits four-month low as Bank of Canada holds key interest rate

Loonie hits four-month low as Bank of Canada holds key interest rate

TORONTO — The value of the loonie hit a four-month low compared with the U.S. dollar on Wednesday, but some experts say Canadian consumers shouldn't expect their wallets to take a major hit. The Canadian dollar traded at 72.54 U.S.
Canaccord shareholder seeks to remove special committee directors who oppose buyout

Canaccord shareholder seeks to remove special committee directors who oppose buyout

A shareholder of Canaccord Genuity Group Inc. wants to remove the four directors on the company's board that form a special committee that has opposed a buyout offer for the firm by a management-led group of employees. Skky Capital Corp.
In the courts: B.C. judge greenlights class action over provincial grizzly hunt ban

In the courts: B.C. judge greenlights class action over provincial grizzly hunt ban

The plaintiffs showed the province’s alleged misrepresentations were common ground among proposed class members
Bank of Canada holds key rate for first time in a year, leaves door open to hikes

Bank of Canada holds key rate for first time in a year, leaves door open to hikes

OTTAWA — The Bank of Canada is holding its key interest rate steady for the first time in a year while reiterating it is taking a wait-and-see approach with monetary policy.
The Bank of Canada held its key interest rate steady. What the announcement says

The Bank of Canada held its key interest rate steady. What the announcement says

OTTAWA — The Bank Canada kept its key interest rate target on hold at 4.5 per cent on Wednesday. Here is the text of the central bank's statement announcing the decision: The Bank of Canada today held its target for the overnight rate at 4.
B.C. auditor general renews calls for better fraud risk management in public bodies

B.C. auditor general renews calls for better fraud risk management in public bodies

VICTORIA — British Columbia auditor general Michael Pickup says the province's public institutions are susceptible to fraud, but he can't release specifics about the theft and corruption reported to his office in a survey conducted this year.
Grocery CEOs deny accusations that food price inflation is driven by profit-mongering

Grocery CEOs deny accusations that food price inflation is driven by profit-mongering

OTTAWA — The CEOs of Canada's largest grocery store chains will be before a parliamentary committee today to answer questions about the rapid rise in food prices. The CEOs and presidents of Loblaw Cos. Ltd., Metro Inc. and Empire Co. Ltd.
Statistics Canada reports $1.9B merchandise trade surplus for January

Statistics Canada reports $1.9B merchandise trade surplus for January

OTTAWA — Statistics Canada says the country posted a merchandise trade surplus of $1.9 billion in January, helped by exports of wheat, canola oil and soybeans. The agency says the result compared with a revised surplus of $1.2 billion for December.
Who’s Suing Whom: March 8, 2023

Who’s Suing Whom: March 8, 2023

The latest from the B.C. Supreme Court
Law Society of BC fails to disbar lawyer Hong Guo following review

Law Society of BC fails to disbar lawyer Hong Guo following review

Hong Guo is scheduled to start her one-year suspension on March 8 after the Law Society of BC unsuccessfully argued for her disbarment in relation to various trust account violations.