The Bank of Canada is cutting its key interest rate target by half a percentage point, dropping it to 1.25 per cent in response to the economic shock from the novel coronavirus outbreak. The central bank says its target for the overnight rate is being trimmed because COVID-19, the disease caused by the virus, “is a material…

A proposed class action lawsuit has been filed in B.C. Supreme court which, if successful, could mean every provincially-insured driver and injured crash victim in British Columbia will be in line for a share of almost $1 billion.  The civil action, launched against the B.C. government and the Insurance Corporation of B.C. (ICBC), packs a one-two punch.…

As Tim Hortons prepares to go digital with Roll Up the Rim To Win next week, the app that will become the central feature of the campaign is facing criticism from customers who say money they loaded into their accounts has seemingly disappeared. Some are also accusing the company of not initially responding to their…

OPEC and its allies meet regularly to assess the supply and demand for oil around the globe, but few gatherings have happened under such volatile and trying circumstances. COVID-19’s spread has weighed mightily on stock markets and oil prices in recent weeks, with experts still trying to assess the risk the virus poses worldwide. For OPEC, the situation…

We, G7 Finance Ministers and Central Bank Governors, are closely monitoring the spread of the coronavirus disease 2019 (COVID-19) and its impact on markets and economic conditions. Given the potential impacts of COVID-19 on global growth, we reaffirm our commitment to use all appropriate policy tools to achieve strong, sustainable growth and safeguard against downside…

Wells Fargo & Co. became the third major U.S. bank to announce it will not support financing for oil and gas projects in the Arctic. The bank identified the Arctic National Wildlife Refuge on Alaska’s North Slope as an area where it will not invest, The Anchorage Daily News reported Monday. Well Fargo joined The…