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Economy, Law & Politics

B.C. adds 17K jobs in December to recoup previous month’s losses

B.C. adds 17K jobs in December to recoup previous month’s losses

Not even another rate hike from the Bank of Canada could quell B.C.’s ultra-tight labour market in December as the province added 16,600 jobs during the holiday season.
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Labour market kept roaring to end off the year with 104,000 jobs added in December

Labour market kept roaring to end off the year with 104,000 jobs added in December

OTTAWA — Statistics Canada says the Canadian economy added 104,000 jobs in December. The country's unemployment rate fell by 0.1 percentage points to 5.0 per cent, nearing the record-low of 4.9 per cent reached in June and July. More coming.
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Glen Clark out of Jim Pattison Group C-suite

Glen Clark out of Jim Pattison Group C-suite

Glen Clark is no longer president and chief operating officer of the Jim Pattison Group. But chairman Jim Pattison said he is not going far.
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Dr. Bonnie Henry provides update on 'Kraken' COVID-19 subvariant cases in B.C.

Dr. Bonnie Henry provides update on 'Kraken' COVID-19 subvariant cases in B.C.

The new subvariant spreads "more easily."
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B.C. insolvencies highest in more than three years

B.C. insolvencies highest in more than three years

Trend is the similar across Canada
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Bigger B.C. tax credits may land in your bank account this month

Bigger B.C. tax credits may land in your bank account this month

Low-income B.C. families and individuals are getting a boost to their family benefits and/or carbon tax credits.
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Survey: British Columbians struggling to recover financial health in wake of pandemic

Survey: British Columbians struggling to recover financial health in wake of pandemic

A significant proportion of residents are struggling to make ends meet in British Columbia.
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S&P/TSX composite down more than 150 points, U.S. stock markets also lower

S&P/TSX composite down more than 150 points, U.S. stock markets also lower

TORONTO — Canada's main stock index was down more than 150 points in late-morning trading as losses in the financial, technology and utility sectors helped lead the way lower and U.S. stock markets also pulled back.
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Consumer insolvencies in November reach highest number since pandemic began

Consumer insolvencies in November reach highest number since pandemic began

Consumer insolvencies were up 16.3 per cent in November 2022 compared with the same month the year prior, and business insolvencies were up 58.3 per cent. Meanwhile, consumer insolvencies for the 12-month period ended Nov. 30, 2022 were up 9.
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Don't neglect bonds this year despite tough 2022, experts say

Don't neglect bonds this year despite tough 2022, experts say

OTTAWA — Bond portfolios took a beating in 2022 as interest rates climbed, but experts say investors shouldn't neglect bonds this year as the Bank of Canada nears the end of its rate hike cycle.
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