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Economy, Law & Politics

Alberta set for $5.5B budget surplus despite big bucks for fires, floods and drought

Alberta set for $5.5B budget surplus despite big bucks for fires, floods and drought

EDMONTON — Alberta’s budget surplus is growing, but will be offset by more than $1 billion this year to pay for floods, forest fires and drought. Finance Minister Nate Horner says the province is on track to record a $5.
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Vancouver-based Rogers Sugar profits soar as strike continues

Vancouver-based Rogers Sugar profits soar as strike continues

Manufacturer's balance sheet swung to profit from a loss in the year that workers went on strike
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Banks report higher provisions for bad loans, focus on expenses as economy slows

Banks report higher provisions for bad loans, focus on expenses as economy slows

TORONTO — Several Canadian banks on Thursday reported fourth-quarter results that showed rising funds set aside for bad loans, and a heavy focus on expense management, as they prepared for the expected slower economy ahead.
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B.C. files first unexplained wealth order in Canada for Gulf Island home

B.C. files first unexplained wealth order in Canada for Gulf Island home

The B.C. government has applied in court to order two B.C. residents to explain how they got $1 million to buy a home on Salt Spring Island; the couple is allegedly linked as beneficiaries to a major stock fraud scheme.
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Canadian economy shrank in Q3 but manages to 'keep its head above recession waters'

Canadian economy shrank in Q3 but manages to 'keep its head above recession waters'

OTTAWA — The Canadian economy shrank in the third quarter as higher rates weighed on consumer and business spending, but has so far managed to skirt a recession after a significant upward revision to second quarter GDP figures.
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TD Bank cuts jobs as quarterly results reflect a gloomy economic picture

TD Bank cuts jobs as quarterly results reflect a gloomy economic picture

TORONTO — TD Bank Group said it's cutting three per cent of staff and setting more money aside for souring loans as it reported fourth quarter results that reflect a deteriorating economic picture.
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Royal Bank chief executive McKay defends HSBC deal as bank reports profits up

Royal Bank chief executive McKay defends HSBC deal as bank reports profits up

TORONTO — RBC chief executive Dave McKay made some of his most forceful comments yet on the importance of the federal government approving the bank's $13.5-billion takeover of HSBC Canada as the deal attracts rising opposition.
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Vancouver city hall looks for more parking apps

Vancouver city hall looks for more parking apps

The city brought in $21M in parking revenue, including $17M by mobile app, for the first five months of 2023
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Rob Shaw: Have the BC NDP become what they once despised in the legislature?

Rob Shaw: Have the BC NDP become what they once despised in the legislature?

The Liberals thought they were going to win forever. Now, it’s the NDP’s turn to drink that particular brand of bathwater, writes columnist Rob Shaw
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Analysis: How wage increase for Vancouver police affects 2024 city budget

Analysis: How wage increase for Vancouver police affects 2024 city budget

VPD union reaches tentative agreement for cumulative 9% increase over two years.
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