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Economy, Law & Politics

Annual US inflation falls to 3-year low, clearing the way for the Fed to begin cutting rates

Annual US inflation falls to 3-year low, clearing the way for the Fed to begin cutting rates

WASHINGTON (AP) — Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September.
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Rob Shaw: BC United makes big promise to break through voter apathy

Rob Shaw: BC United makes big promise to break through voter apathy

Proposed $5.4B tax cut leaves BC Conservatives uncharacteristically quiet
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CPP Investments earned one per cent return for Q1, net assets rise to $646.8B

CPP Investments earned one per cent return for Q1, net assets rise to $646.8B

TORONTO — Canada Pension Plan Investment Board says it earned a net return of 1.0 per cent in its first quarter, helped by its investments in public equities and across private asset classes.
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Data Points: National GDP growth continues in May as tourism fully recovers

Data Points: National GDP growth continues in May as tourism fully recovers

B.C.'s accommodation and food sectors drive national growth while forestry struggles
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BC United promises largest income tax cut in B.C. history if elected in October

BC United promises largest income tax cut in B.C. history if elected in October

The move would result in $2,050 in average savings for taxpayers at a cost of $5.4 billion annually to provincial coffers, the party says.
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B.C. wildfire costs reach about $387M so far this year, wildfire service says

B.C. wildfire costs reach about $387M so far this year, wildfire service says

On Vancouver Island, the wildfire situation is unchanged in recent days with three fires listed as under control, including the Old Man Lake fire near Sooke.
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Immigrant entrepreneurs finding warm welcome through new program

Immigrant entrepreneurs finding warm welcome through new program

So far, seven newcomer entrepreneurs have signed up for the Greater Victoria Chamber of Commerce’s New to Canada program.
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U.S. to double softwood lumber duties

U.S. to double softwood lumber duties

Duties on lumber exports have already cost Canadian producers $10 billion: IWPA
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Canada's foreign worker program 'breeding ground' for modern slavery: report

Canada's foreign worker program 'breeding ground' for modern slavery: report

A UN special rapporteur cites reports of wage theft, long working hours with limited breaks and insufficient personal protective equipment.
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S&P/TSX composite up almost one per cent Tuesday, U.S. stock markets also higher

S&P/TSX composite up almost one per cent Tuesday, U.S. stock markets also higher

TORONTO — Canada's main stock index gained almost one per cent on Tuesday, boosted by financial and technology stocks, while U.S. stock markets also climbed higher, led by a 2.4-per-cent gain on the Nasdaq.
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