Skip to content
Join our Newsletter

Economy, Law & Politics

Economy stalled in August, Q3 growth looks to fall short of Bank of Canada estimates

Economy stalled in August, Q3 growth looks to fall short of Bank of Canada estimates

OTTAWA — The Canadian economy was flat in August as high interest rates continued to weigh on consumers and businesses, while a preliminary estimate suggests it grew at an annualized rate of one per cent in the third quarter.
Stock market today: Wall Street opens lower as Big Tech stocks pull back

Stock market today: Wall Street opens lower as Big Tech stocks pull back

NEW YORK (AP) — Wall Street is feeling the downside of high expectations as Microsoft and Meta Platforms lead U.S. stock indexes lower despite delivering strong profits for the summer. The S&P 500 was down 0.
CRA exempts bare trusts from 2024 tax reporting rules

CRA exempts bare trusts from 2024 tax reporting rules

The government has since been working on new exemptions for bare trusts and began proposing draft amendments in August
Liberals look to move past leadership drama with eye on next campaign

Liberals look to move past leadership drama with eye on next campaign

OTTAWA — The Liberal caucus turned its attention to the party's plan for the next election on Wednesday, after an unsuccessful attempt by some MPs to oust Prime Minister Justin Trudeau last week.
Contracting firm fined more than $43K for worker injury on Richmond construction site

Contracting firm fined more than $43K for worker injury on Richmond construction site

An explosion and fire caused a worker to be seriously injured
Worsening Canada-India relationship may spare B.C. businesses

Worsening Canada-India relationship may spare B.C. businesses

Free-trade talks between the countries have been suspended but business owners say trade with Indian customers remains strong
'Comeback Kid' of B.C. election says NDP must adapt and build bridges

'Comeback Kid' of B.C. election says NDP must adapt and build bridges

Garry Begg's slim win over the B.C. Conservative candidate in Surrey-Guildford is still subject to a judicial recount, but for now it gives the NDP the 47 seats needed to form a majority in British Columbia's 93-seat legislature.
The loonie is trading at lows not seen in years. Here's what it means for Canadians

The loonie is trading at lows not seen in years. Here's what it means for Canadians

The Canadian dollar is trading against the U.S. dollar at levels not seen since 2020 as the combined pressures of economic outlooks, elections, and energy prices weigh. Here's what you need to know.
S&P/TSX composite down Wednesday, U.S. stock markets also fall

S&P/TSX composite down Wednesday, U.S. stock markets also fall

TORONTO — Canada's main stock index moved lower Wednesday, weighed down by losses in base metals, while U.S. markets reversed earlier gains to end in the red. U.S.
Experts raise concerns as Trump looks to Canada for solution to California’s water crisis

Experts raise concerns as Trump looks to Canada for solution to California’s water crisis

Exactly what Trump’s plan entails or how it involves Canada, if at all, remains unclear, but some of his comments have confused and alarmed water experts north of the border