Economy, Law & Politics

VICTORIA — British Columbia's New Democrat government says it plans to put this year's projected budget surplus of almost $6 billion to work as an economic slowdown looms. The government's throne speech, read by Lt.-Gov.

TORONTO — Canada's main stock index lost more than 100 points Monday on broad-based weakness while U.S. markets were also down, with the Nasdaq slipping one per cent. The S&P/TSX composite index was down 129.42 points at 20,628.92.

OTTAWA — Prime Minister Justin Trudeau will offer the provinces a "significant" increase to the Canada Health Transfer and additional money if they agree to one-on-one deals targeting specific problem areas in the health-care system.

TORONTO — Canada's main stock index was down in late-morning trading as losses in the base metals sector helped lead stocks lower, while U.S. stock markets also fell to start the week. The S&P/TSX composite index was down 82.08 points at 20,676.

The money was spent on "contracts," an umbrella term used for services, advertising, gifts, office leases, operations and training.

OTTAWA — On Tuesday in Ottawa, Canada's 13 premiers and Prime Minister Justin Trudeau will sit around the same table in person for the first time since COVID-19 hoping to find a path toward a new long-term health-care funding deal.

VICTORIA — British Columbia's economy will be a key focus for politicians as they return to the legislature for the spring sitting.

OTTAWA — The Bank of Canada is set to publish its first summary of deliberations Wednesday, giving Canadians a peak into the governing council's reasoning behind its decision to raise interest rates last month.

Experts say the outlook for the loonie in 2023 largely depends on commodity prices, how the U.S. dollar fares, and whether central banks are successful in avoiding a major recession.