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Economy, Law & Politics

Statistics Canada reports $1.5B trade deficit for February as exports fell

Statistics Canada reports $1.5B trade deficit for February as exports fell

OTTAWA — The country's merchandise trade balance fell to a deficit of $1.5 billion in February as exports fell, Statistics Canada said Thursday. The federal agency said the result compared with a surplus of $3.1 billion in January.
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‘Can’t just flip a switch’: Rerouting supply chains amid tariffs poses major hurdles

‘Can’t just flip a switch’: Rerouting supply chains amid tariffs poses major hurdles

MONTREAL — The notion that Canadian companies can simply switch supply chains in response to American tariffs is a fantasy, experts say.
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Downtown Vancouver sees decline in visits from workers, shoppers

Downtown Vancouver sees decline in visits from workers, shoppers

Granville and Robson streets saw more visitors while Alberni and West Hastings streets saw declines
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Mario Canseco: Five years later, B.C. remains among most supportive of COVID-19 measures

Mario Canseco: Five years later, B.C. remains among most supportive of COVID-19 measures

New Research Co. polling reveals most approve of pandemic response, but skepticism persists among Conservatives, Albertans, younger men
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Les Leyne: Trump's incoherence makes responding to tariff wall tricky

Les Leyne: Trump's incoherence makes responding to tariff wall tricky

Trump’s announcement was so incoherent that much of the rest of the world had to scramble to grasp even the basic details
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Vancouver police chief Adam Palmer joining RCMP

Vancouver police chief Adam Palmer joining RCMP

Internal RCMP document says Palmer will serve as an assistant commissioner.
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Trump's tariffs will fundamentally change global trading system: Carney

Trump's tariffs will fundamentally change global trading system: Carney

WASHINGTON — Prime Minister Mark Carney said Donald Trump's tariff regime will "fundamentally change the global trading system" after the U.S. president exempted Canada from his so-called "liberation day" tariff list unveiled on Wednesday.
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Double blow as S&P and Moody's downgrade B.C.'s credit rating again, citing deficit

Double blow as S&P and Moody's downgrade B.C.'s credit rating again, citing deficit

VICTORIA — Credit rating agencies S&P and Moody's have both downgraded British Columbia's rating on the same day, citing the province's ballooning deficit and the apparent lack of a plan to dig the province out of its fiscal hole.
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Ejected Conservative candidate in B.C. defended Chinese government

Ejected Conservative candidate in B.C. defended Chinese government

It's not clear if the 2021 comments led to Lourence Singh's ouster as Conservative candidate for a Metro Vancouver riding spanning three B.C. municipalities.
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Opinion: B.C.’s fiscal deterioration is accelerating, and a trade war won’t help

Opinion: B.C.’s fiscal deterioration is accelerating, and a trade war won’t help

The rapid deterioration in B.C.’s finances since 2021 has drawn rising concern not only from taxpayers but from global credit rating agencies. Ratings agencies are yet to give their verdict on the 2025 Budget, but the news might not be good.
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