Finance Minister

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How Vancouver became the world’s ‘laundromat for foreign organized crime’

Vancouver penthouses, ski chalets at Whistler, and holiday retreats in the Gulf Islands are among the thousands of properties identified in a dirty money probe that estimates more than $7 billion was laundered through the western Canadian province of British Columbia last year.The startling findings from two reports released by the provincial government Thursday illustrate…




Canada’s prospects of being plunged into recession are dim, unless ‘another shoe’ drops, National Bank CEO says

Canada’s prospects of being plunged into recession are dim, unless ‘another shoe’ drops, National Bank CEO says

National Bank of Canada Chief Executive Officer Louis Vachon doesn’t see much prospect of a Canadian recession in the next six to 12 months — barring unforeseen circumstances.“There needs to be another shoe to drop somewhere,” Vachon said Wednesday during a conference his bank hosted in Montreal. “There has to be further tightening by the…


Could Peter Costello nurse Paul Keating’s superannuation baby?

Could Peter Costello nurse Paul Keating’s superannuation baby?

There is an uphill election battle in the offing. Labor, the trade unions and retail funds would fight tooth and nail to block the Future Fund or any other public fund enticing people into a low-cost, economy-of-scale and less conflicted government fund.The government, damaged by the financial services royal commission and struggling to gain voter…


Canada’s trading partners push back against steel safeguards

Canada’s trading partners push back against steel safeguards

Several of Canada’s international trading partners are pushing back against Ottawa’s safeguards on imported steel, challenging the basis for the emergency restrictions and in some cases, requesting individual exemptions.Turkey, Russia, the United Arab Emirates, the European Commission and Brazil have all filed documents with the Canadian International Trade Tribunal (CITT) stating concerns about the provisional…