Economy, Law & Politics

MONTREAL — Last week, Justin Trudeau said out loud what many were wondering as the postal strike dragged into its fourth week. “It is endangering the long-term viability of Canada Post as a service that Canadians rely on,” the prime minister said.

OTTAWA — The federal government is promising to spend $1.3 billion to beef up Canada’s border security over six years but has provided few details yet on how it will be spent.

Some business leaders worry the resignation of Finance Minister Chrystia Freeland from the federal cabinet leaves Canada without a "quarterback" at a critical moment for the country's economy and trade relationships.

Operations at Canada Post will resume at 8 a.m. local time on Tuesday, Dec. 17, the company said, after the Canada Industrial Relations Board ordered a return to work.

John Horgan was premier of B.C. from 2017 to 2022. He died on Nov. 12 after a third bout with cancer.

It was a busy 2024 for Canadian business: the Bank of Canada began cutting interest rates as inflation moderated and labour unions looked to make gains.

TORONTO — Inflation likely hovered at or a little above the Bank of Canada's two per cent target rate in November, economists expect, after Taylor Swift's Eras Tour swept through Toronto and offered a temporary economic boost.

The federal government announced the plan to temporarily waive the five per cent goods and services tax in a bid to help ease affordability concerns during the holiday season.

VANCOUVER — A confidence agreement between British Columbia's New Democrats and the provincial Green Party stabilizes David Eby’s bare-majority government, while putting Green election promises on the legislative agenda.

TORONTO — Canada's main stock index fell more than 100 points Friday, led by losses in base metal and telecom stocks, while U.S. stock markets were mixed ahead of next week's interest rate decision from the U.S. Federal Reserve.