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Economy, Law & Politics

Immigration investment fraud leads to $5M civil judgment

Immigration investment fraud leads to $5M civil judgment

Paul Oei has been ordered to pay $5 million back to Chinese citizen and prospective immigrant Yicheng Jiang after fraudulent misrepresentations.
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B.C. adds 1,400 jobs in May amid wild swings in some sectors

B.C. adds 1,400 jobs in May amid wild swings in some sectors

Unemployment rate remains unchanged at five per cent.
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Who’s Suing Whom: June 9, 2023

Who’s Suing Whom: June 9, 2023

The latest from the B.C. Supreme Court
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Future interest rate decisions will be taken one at a time, says BoC deputy governor

Future interest rate decisions will be taken one at a time, says BoC deputy governor

OTTAWA — After announcing a rate hike this week, Bank of Canada deputy governor Paul Beaudry says the central bank plans to take future interest rate decisions one at a time.
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PayByPhone adds service charge after parent company scores massive federal subsidy

PayByPhone adds service charge after parent company scores massive federal subsidy

The made-in-B.C. parking meter app contractor, now owned by a subsidiary of auto giant Volkswagen, will charge customers in Vancouver, Burnaby, White Rock and Whistler for text message reminders
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Why insured losses from wildfires might be manageable this year

Why insured losses from wildfires might be manageable this year

DBRS Morningstar expects that despite costs being manageable, there will be pressure to raise insurance prices
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Plea bargain reached in deadly restaurant shooting that targeted alleged money launderers

Plea bargain reached in deadly restaurant shooting that targeted alleged money launderers

Two men connected to the underground Richmond bank busted for laundering hundreds of millions of dollars through casinos were shot in 2020
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Founding the largest Asian grocery chain in Canada

Founding the largest Asian grocery chain in Canada

T&T founder Cindy Lee aims to inspire other immigrant entrepreneurs with autobiography
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Who’s Suing Whom: June 8, 2023

Who’s Suing Whom: June 8, 2023

The latest from the B.C. Supreme Court
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B.C. mortgage holders brace for higher payments for longer period

B.C. mortgage holders brace for higher payments for longer period

People will need to reconsider spending and businesses will likewise need to rethink loans to make further investments, says one B.C. economist.
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