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Trade war would wipe out economic growth while pushing inflation higher: Tiff Macklem

Trade war would wipe out economic growth while pushing inflation higher: Tiff Macklem

MISSISSAUGA, Ont. — U.S. tariffs and Canada's retaliation to them would have a devastating effect on the economy, pulling growth down while reigniting inflation, said Bank of Canada governor Tiff Macklem. "A new crisis is on the horizon. 
B.C. law society pitches new money laundering rules for lawyers

B.C. law society pitches new money laundering rules for lawyers

Efforts to beef up regulations follow Fintrac report indicating many lawyers involved in suspicious transactions
B.C. plans 'substantive changes' for interprovincial trade

B.C. plans 'substantive changes' for interprovincial trade

VICTORIA — British Columbia plans to enter a meeting with other provinces next week prepared to make "substantive changes" to its interprovincial trade barriers as the threat of hefty U.S.
Statistics Canada reports December retail sales up 2.5 per cent at $69.6B

Statistics Canada reports December retail sales up 2.5 per cent at $69.6B

TORONTO — Canadian retail sales surged higher at the end of last year to post their largest monthly increase since May 2022, but Statistics Canada says its early estimate for January pointed to a pullback to start 2025.
No more boom and bust? B.C. real estate sees balance heading into 2025

No more boom and bust? B.C. real estate sees balance heading into 2025

Rapid price escalations that characterized past two decades not yet materializing
Canada can legally challenge tariffs, but will Trump fall in line with the ruling?

Canada can legally challenge tariffs, but will Trump fall in line with the ruling?

The free trade agreement is a nation-to-nation agreement, so there’s no one else to appeal to if a country decides not to respect a decision.
Risk of tariff war fuels push for can manufacturing in B.C.

Risk of tariff war fuels push for can manufacturing in B.C.

Making aluminum cans in B.C. would lower prices for that packaging for brewers and other drink manufacturers
B.C. task force aims to grow agriculture, food processing industries

B.C. task force aims to grow agriculture, food processing industries

British Columbia is launching a task force focused on growing the agriculture and food processing industries after years of struggle due to climate, labour concerns and now the threat of tariffs from the United States.
As Trump flags timber tariffs soon, B.C. minister says impact would be 'devastating'

As Trump flags timber tariffs soon, B.C. minister says impact would be 'devastating'

VICTORIA — B.C.'s Forests Minister Ravi Parmar says the expectation of more duties and additional tariffs piled onto Canadian softwood lumber would "absolutely be devastating" for the country's industry. Parmar says the government expects the U.S.
Lower exposure to U.S. to lessen impact of tariffs for B.C.

Lower exposure to U.S. to lessen impact of tariffs for B.C.

Tariffs to shrink GDP, fuel inflation on both sides of border: Conference Board