British Columbia

OTTAWA — The federal government posted a $3.9 billion deficit in the first two months of the fiscal year. The result for the April-to-May period compared to a $1.5 billion surplus for the same stretch last year. Revenues increased $6.5 billion, or 8.

VANCOUVER — Almost all British Columbia communities have adopted the provincial government's plan to tackle the housing crisis by allowing more multi-unit homes on properties.

Mayors' Council is sounding the alarm on transit service cuts and demanding more money from the provincial and federal government purses; meanwhile, their remuneration has soared 79 per cent since 2019.

NEW WESTMINSTER, B.C. — Metro Vancouver's transportation provider TransLink is warning of massive service cuts unless a $600-million funding gap is addressed.

City's director of sustainability: "It would set us back potentially tens of thousands of [greenhouse gas emissions]."

Experts expect higher costs, lower demand for app-based services starting in September.

While the outlook is clearer, don't expect a surge in deal-making

Richmond commercial property investment manager was deregistered for securities regulations violations.

Beedie Living is looking to build three residential towers with nearly 1,000 new homes near Moody Centre SkyTrain station.

OTTAWA — The Bank of Canada appeared to be increasingly concerned about the risk of high interest rates slowing the economy and inflation by more than necessary as it delivered a second consecutive rate cut Wednesday.