Economy, Law & Politics

Shares of Canadian Western Bank surged Wednesday on the news National Bank was buying it at a $5-billion valuation, while shares of other mid-sized banks also saw some gains as the acquisition trend continued. CWB shares closed up 68.

MONTREAL — Public trust in the Bank of Canada has been dented by post-pandemic inflation and it needs to be rebuilt, governor Tiff Macklem said on Wednesday.

With monetary policy at the Bank of Canada and U.S. Federal Reserve diverging, experts say it could set the Canadian dollar up for volatility down the road.

Millions lost, no help: Broadway businesses plead for compensation or tax breaks as subway delays drag on.

OTTAWA — Prime Minister Justin Trudeau is headed to Italy on Wednesday to attend the annual G7 leaders' summit, which is taking place as two major geopolitical conflicts weigh on the international community.

Five per cent more business licences were issued in 2023 than in 2022, and the tourism, marine and technology sectors are thriving, says the annual report on downtown

OTTAWA — A motion increasing the proportion of capital gains that are taxed in Canada easily passed the House of Commons Tuesday, as the governing Liberals and Conservatives traded barbs about whether it will harm the middle class or make the country

Selection of mayor came despite challenge from Green Party's Pete Fry.

MONTREAL — Canada's banking sector is facing further consolidation as National Bank of Canada has reached an all-share deal to acquire Canadian Western Bank that values the lender at about $5 billion.

Government statistics show 65 per cent of asylum claimants arrived in Quebec last year, compared to just under two per cent in B.C.