Finance

B.C. Investment Management Corporation CEO Gordon Fyfe has led the corporation to achieve positive returns for the province’s civil service pension plan. (Kiernan Green/News Staff)

Record return: Victoria-based company sets new B.C. standard for pension investment

B.C. Investment Management Corporation gained 16.5 per cent in 2020 for civil service pension plan

 

Credit cards are displayed in Montreal, Wednesday, Dec. 12, 2012. Equifax says the debt profile of Canadians has changed throughout the pandemic, with mortgages accounting for a larger portion of people’s debt. THE CANADIAN PRESS/Ryan Remiorz

Consumer debt driven by new mortgages, but credit card debt at six-year low

Potential exists that first-time homebuyers are starting to get priced out of the market

 

File - In this Wednesday, Nov. 11, 2020 file photo, people walk by an electronic stock board of a securities firm in Tokyo. The global economic rebound from the pandemic has picked up speed but remains uneven across countries and faces multiple headwinds including the lack of vaccines in poorer nations. That could lead to new virus variants and more stop-and-go lockdowns, the Organization for Economic Cooperation and Development, OECD said in its latest forecast. (AP Photo/Koji Sasahara, File)

Forecast: Rebounding global economy faces multiple threats

Lack of vaccines for poorer nations among the larger issues casting a shadow over recovery

 

Tax freedom day for Canadians happened May 24, a week later than last year, calculated the Fraser Institute. (Pixabay Image)

‘Tax Freedom Day’ in Canada is coming a week later this year

Fraser Institute calculates May 24 as day average household income matches tax payable for 2021

Tax freedom day for Canadians happened May 24, a week later than last year, calculated the Fraser Institute. (Pixabay Image)
A model shows the proposed liquefied natural gas liquification plant and marine terminal in Kitimat, B.C., June 26, 2014. A British Columbia First Nations group says it’s disappointed by the news that a second major investor is looking to sell its shares in the Kitimat Liquefied Natural Gas development. THE CANADIAN PRESS/Robin Rowland

First Nations group criticizes Woodside Petroleum’s move to sell Kitimat LNG stake

First Nations Limited Partnership says decision to sell is a threat to its commercial interests

A model shows the proposed liquefied natural gas liquification plant and marine terminal in Kitimat, B.C., June 26, 2014. A British Columbia First Nations group says it’s disappointed by the news that a second major investor is looking to sell its shares in the Kitimat Liquefied Natural Gas development. THE CANADIAN PRESS/Robin Rowland
Bank of Canada Governor Tiff Macklem takes part in a news conference at the Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada warns of rising risks from household debt, and a hot housing market

Many households have taken on large mortgages compared with their income

Bank of Canada Governor Tiff Macklem takes part in a news conference at the Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick
A Wealthsimple Trade app icon is shown on a smartphone on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Jesse Johnston

Drake, Ryan Reynolds among latest Wealthsimple backers in $750 million funding round

Wealthsimple began as an online investment manager in 2014

A Wealthsimple Trade app icon is shown on a smartphone on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Jesse Johnston
Canadian currency. (File photo)

One in five B.C. transactions being paid in cash

Province uses cards more than Ontario or Quebec, but is also home to Canada’s most cash-friendly city

Canadian currency. (File photo)
Berkshire Hathaway Chairman and CEO Warren Buffett speaks during an interview in Omaha, Neb. (AP Photo/Nati Harnik, File)

Warren Buffett’s fortune tops $100 billion as his stock soars

He’s given large blocks of Berkshire Hathaway stock annually to the Bill and Melinda Gates Foundation

Berkshire Hathaway Chairman and CEO Warren Buffett speaks during an interview in Omaha, Neb. (AP Photo/Nati Harnik, File)
B.C. Hydro rates are set to potentially increase by almost 3 per cent beginning in April, pending a decision from the B.C. Utilities Commission. (File)

What will cost more in 2021 in B.C.?

Hydro, Fortis rates go up, as does minimum wage

B.C. Hydro rates are set to potentially increase by almost 3 per cent beginning in April, pending a decision from the B.C. Utilities Commission. (File)
Taking on more credit card debt has not been the pandemic plan for many Canadians, data from TransUnion Canada suggested on Tuesday. Credit cards are displayed in Montreal, Wednesday, December 12, 2012. THE CANADIAN PRESS/Ryan Remiorz

Canadians taking steps to avoid credit card debt, despite economic pressure

People are opting to dip into savings or retirement funds rather than relying on credit cards

Taking on more credit card debt has not been the pandemic plan for many Canadians, data from TransUnion Canada suggested on Tuesday. Credit cards are displayed in Montreal, Wednesday, December 12, 2012. THE CANADIAN PRESS/Ryan Remiorz
Castlegar City Hall. Photo: Kristen Lawson

Castlegar property tax bills in the mail

Late penalties will be delayed this year

Castlegar City Hall. Photo: Kristen Lawson
Finance Minister Bill Morneau speaks to the Canadian Club of Canada in Toronto, Friday, March 6, 2020. (Cole Burston / THE CANADIAN PRESS)

Feds have fiscal room to react to impacts of COVID-19, says Bill Morneau

Message came on a day that saw oil prices decline sharply and stock markets take a hit

Finance Minister Bill Morneau speaks to the Canadian Club of Canada in Toronto, Friday, March 6, 2020. (Cole Burston / THE CANADIAN PRESS)
Helping others prosper financially

Helping others prosper financially

Dale Collins plans for your future

  • Feb 10, 2020
Helping others prosper financially
B.C. non-profit has $150 million of unclaimed cash & cheques. Does some belong to you?

B.C. non-profit has $150 million of unclaimed cash & cheques. Does some belong to you?

Only a small portion of millions of dollars of forgotten or unclaimed money is ever claimed

B.C. non-profit has $150 million of unclaimed cash & cheques. Does some belong to you?