Economy, Law & Politics

Exporters benefit when revenue comes in U.S. dollars while expenses are in Canadian currency

VICTORIA — The result of British Columbia's election will come down to the count of absentee ballots on Monday after a tally of mail-in votes over the weekend failed to resolve a handful of undecided races.

Elections BC said late Friday that several hundred ballots remain uncounted in the tightest undecided races after the province's nail-biting vote last weekend. The NDP is ahead of the B.C.

Pivot Legal Society, BC Civil Liberties Association raise privacy concerns

TORONTO — Canada's main stock index closed lower on the day and the week Friday, while U.S. stock markets ended with mixed results despite widespread gains early in the day. The S&P/TSX composite index closed down 87.88 points at 24,463.

Stocks gave up an early gain and closed mostly lower on Wall Street, ending a six-week winning streak. The S&P 500 ended little changed Friday. The Dow Jones Industrial Average fell 0.6%, while the Nasdaq composite rose 0.

OTTAWA — Canada's long-held consensus on immigration is under threat but has not disappeared, the immigration minister said in an interview after announcing a major cut to the number of newcomers to Canada.

OTTAWA — Bank of Canada governor Tiff Macklem says the world has become more prone to supply shocks which create more risks to inflation, but the central bank is in a better place to deal with them now that inflation is under control.

OTTAWA — The federal government's deficit was $9.8 billion for the April-to-August period. The Finance Department's latest fiscal monitor says the result compared with a deficit of $4.3 billion during the same period a year earlier.