Economy, Law & Politics

Royal Bank of Canada faces third largest fine in B.C. for mortgage documention failures and signs undertaking to have its mortgage discharge process monitored for one year

OTTAWA — A federal inquiry into foreign interference has asked to delay its first report by about two months in order to allow sufficient time for a public process and hearings on the issues.

Spanish Mountain says it will seek repayment of severance

TORONTO — Canadians getting in some last-minute Christmas shopping faced some troubles at the checkout counter. Payments processing company Moneris says it experienced intermittent issues that caused a "service degradation.

Fast-growing venture touts 'hundredfold' revenue growth in past few years

Some of the top stories that defined the B.C. economy in 2023

The rubberstamped sale of HSBC's Canadian operations to RBC will lessen competition onmortgage rates, says one analyst who touted the bank's key role in lowering borrowing costs through its presence in Canada.

OTTAWA — The federal government recorded a budgetary deficit of $15.1 billion between April and October, $7 billion of which was in October.

OTTAWA — Statistics Canada says the economy remained flat in October for the third straight month as services-producing industries edged 0.1 per cent higher, while goods-producing industries were unchanged.

Based on what the receiver has recovered so far, none of 860 investors who lodged claims with receivership will receive any financial return.