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B.C.’s money laundering problem may involve billions of dollars, documents say

B.C.’s money laundering problem may involve billions of dollars, documents say

Attorney General David Eby says information gaps between governments are allowing organized crime to thrive.Chad Hipolito/The Canadian Press VICTORIA — Documents that say money laundering in British Columbia now reaches into the billions of dollars are startling to the province’s attorney general who says the figures have finally drawn the attention of the federal government.

Milton Friedman is right, profit is a company’s only purpose

In his inimitable way, and with a Canadian union twist, Jerry Dias is on a mini-crusade to overturn the foundations of modern corporate capitalism. As the president of Unifor ratchets up his actions against General Motors Co. over its plan to close the automaker’s Oshawa, Ont., assembly plant, he is deploying some of the ideas from

Deciem founder Brandon Truaxe dead at 40

Deciem founder Brandon Truaxe is shown in this undated handout photo posted to Instagram. Truaxe has passed away at age 40.Handout/The Canadian Press TORONTO — The chief operating officer of Toronto beauty brand Deciem says the company’s founder Brandon Truaxe has died. In an email to The Canadian Press, Stephen Kaplan confirmed that 40-year-old Truaxe,

Mastercard is changing up its logo by dropping its name

This undated product image provided by Mastercard shows Mastercard's new logo. The digital payment company says it is dropping its name in some contexts, opting to let its familiar interlocking yellow and red circles represent the company at retail locations and online.Mastercard via AP What’s in a name? For MasterCard, not enough to keep it

Bank of Canada holds interest rate: Read the official statement

Carolyn Wilkins, senior deputy governor of the Bank of Canada, left, and Stephen Poloz, governor of the Bank of Canada, leave the Bank of Canada building for a press conference in Ottawa.Justin Tang/Bloomberg Here’s the Bank of Canada’s official statement for its interest rate decision on Wednesday, January 9, 2019: The Bank of Canada today maintained its

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