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Economy, Law & Politics

Bank of Canada deputy governor says bar for using QE again will be very high

Bank of Canada deputy governor says bar for using QE again will be very high

OTTAWA — A senior Bank of Canada official says the unusual measures it took during the pandemic helped boost the economy, but the bar for using quantitative easing again will be very high.
S&P/TSX composite down more than 200 points, U.S. stock markets mixed

S&P/TSX composite down more than 200 points, U.S. stock markets mixed

TORONTO — Canada's main stock index was down more than 200 points in late-morning trading, weighed down by losses in the energy, financial and base metal sectors, while U.S. markets were mixed. The S&P/TSX composite index was down 225.
Ottawa to expand early retirement eligibility for front-line safety, security workers

Ottawa to expand early retirement eligibility for front-line safety, security workers

OTTAWA — The federal government is moving to expand early retirement eligibility for some kinds of front-line workers. Treasury Board President Anita Anand says the Liberals are planning to introduce legislation this fall to make it happen.
Feds release carbon pricing impact data ahead of Conservative motion demanding it

Feds release carbon pricing impact data ahead of Conservative motion demanding it

OTTAWA — Newly released federal modelling data suggest that carbon pricing for consumers and big industry will together lower greenhouse-gas emissions by more than 12 per cent a year by 2030 and shave 0.9 per cent off the national GDP.
Statistics Canada says Canadian household debt relative to income down in Q1

Statistics Canada says Canadian household debt relative to income down in Q1

OTTAWA — Statistics Canada says the amount Canadians owe relative to their income in the first quarter edged lower compared with the fourth quarter of 2023 as growth in household disposable income outpaced the growth in debt.
Bank CEOs to testify at parliamentary committee on climate impacts of finance

Bank CEOs to testify at parliamentary committee on climate impacts of finance

OTTAWA — The CEOs of Canada's five biggest banks are set to testify before a parliamentary committee later today about the impacts of the financial sector on climate and the environment.
B.C. residents are moving to Alberta more than ever

B.C. residents are moving to Alberta more than ever

Company shares moving data between the two provinces.
B.C. premier repeats call for more federal cash, calls Ottawa's claims 'disingenuous'

B.C. premier repeats call for more federal cash, calls Ottawa's claims 'disingenuous'

VANCOUVER — Premier David Eby is expanding his criticism of what he says is an unfair share of federal funding being given to Western Canada.
Farnworth 'glad' Surrey joins completion of transition from RCMP to municipal force

Farnworth 'glad' Surrey joins completion of transition from RCMP to municipal force

VICTORIA — British Columbia Solicitor General Mike Farnworth says he wants to speed up a police service transition in the Metro Vancouver city of Surrey following a lengthy jurisdictional battle between his government and the local mayor.
B.C. sets minimum wage, other rules for app-based ride-hailing, delivery work

B.C. sets minimum wage, other rules for app-based ride-hailing, delivery work

VICTORIA — British Columbia has finalized regulations to provide a minimum-wage and basic protections for ride-hailing and delivery workers using app-based platforms such as Uber, DoorDash and SkipTheDishes.