Skip to content
Join our Newsletter

Economy, Law & Politics

Ottawa posts $19.3-billion deficit for April-to-February period of 2024-25

Ottawa posts $19.3-billion deficit for April-to-February period of 2024-25

OTTAWA — The federal government posted a budgetary deficit of $19.3 billion for the April-to-February period of its 2024-25 fiscal year. The result compared with a deficit of $17.3 billion reported for the same period of 2023-24.
Wall Street's rally roars into a 3rd day as companies' profits keep piling up, for now at least

Wall Street's rally roars into a 3rd day as companies' profits keep piling up, for now at least

NEW YORK (AP) — Wall Street’s rally kept rolling Thursday as better-than-expected profits for U.S. companies piled up, though CEOs said they’re unsure whether it will last because of uncertainty created by President Donald Trump’s trade war.
Federal party leaders work to drive home key messages as election day approaches

Federal party leaders work to drive home key messages as election day approaches

With just a few days of campaigning left, leaders are pounding home key messages and setting their sights on ridings they hope to flip — or ones they risk losing.
S&P/TSX composite up more than 250 points, U.S. stocks rise for third day

S&P/TSX composite up more than 250 points, U.S. stocks rise for third day

TORONTO — Canada's main stock index rose more than 250 points in a broad-based rally led by base metals, while U.S. stock markets also climbed to close out a third straight day of gains. The S&P/TSX composite index closed up 254.
Supreme Court of Canada agrees to weigh in on B.C. First Nations' title dispute

Supreme Court of Canada agrees to weigh in on B.C. First Nations' title dispute

The Supreme Court of Canada has agreed to weigh in on a dispute between First Nations that have overlapping land title claims in British Columbia.
Vancouver police predict department will run $6.9M deficit by year’s end

Vancouver police predict department will run $6.9M deficit by year’s end

Task Force Barrage — which is subject of anonymous VPD officer complaint —accounts for $5M of cost
Canada caught up in China-U.S. trade war as Trump claims fentanyl continues to flow

Canada caught up in China-U.S. trade war as Trump claims fentanyl continues to flow

WASHINGTON — Pulling Canada into his trade war with China, U.S. President Donald Trump claimed Thursday that Chinese fentanyl continues to "pour" into the United States across both borders.
B.C. businesses willing to break with U.S. suppliers despite higher costs, survey says

B.C. businesses willing to break with U.S. suppliers despite higher costs, survey says

Most businesses willing to take a hit on profits to buy Canadian—even if it's not easy, according to Business Improvement Areas of B.C.
CFIB economic forecast predicts significant contraction in second quarter

CFIB economic forecast predicts significant contraction in second quarter

OTTAWA — A forecast from the Canadian Federation of Independent Business estimates the economy saw muted growth in the first three months of the year and predicts a significant contraction for the second quarter.
Long-term U.S. tariffs could devastate Canada's energy sector, Deloitte warns

Long-term U.S. tariffs could devastate Canada's energy sector, Deloitte warns

A 25% U.S. tariff could slash Canada's oil, gas and mining output by nearly 7% by 2030, says Canada's largest professional services firm.