Economy, Law & Politics

British Columbia's new finance minister said she is "realistic" about the economic challenges facing the province after announcing this year's record deficit is projected to reach $9.4 billion.

TORONTO — The loonie fell below 70 cents US on Tuesday after the latest reading on inflation dropped below two per cent. The Canadian dollar traded for 69.91 cents US compared with 70.

MONTREAL — Canada Post trucks, conveyors and mail carriers swung back into motion Tuesday after a month-long strike by more than 55,000 postal workers left letters and parcels in limbo and a massive backlog to sort through.

NEW YORK (AP) — U.S. stock indexes closed lower and gave back some of their stellar gains for the year. The S&P 500 fell 0.4% Tuesday, though it’s still near its all-time high set earlier this month. The Dow Jones Industrial Average fell 0.

Canada's annual inflation rate remained stable in November, coming in a touch below the Bank of Canada's two per cent target, though economists anticipate some volatility in the months ahead.

Consumer Price Index ticked downward slightly for both Canada and the West Coast, says StatCan

Canadian Institute for Health Information report also finds that the average family doctor saw fewer individual patients in recent years than they did 10 years ago.

OTTAWA — The federal banking regulator says the amount of money Canada's big banks must keep on hand in case of economic shock will stay at its current level.

OTTAWA — Statistics Canada estimates the country's population grew by 176,699 people between July 1 and Oct. 1, marking the slowest pace of growth since the first quarter of 2022. Canada’s population is estimated to have reached roughly 41.

LANGLEY, B.C. — In another blow to Prime Minister Justin Trudeau's Liberals, the federal Conservatives have won a byelection in the British Columbia riding of Cloverdale-Langley City.