Economy, Law & Politics

OTTAWA — Here's how notable Canadian politicians and business groups are reacting to U.S. president-elect's threat to impose a 25 per cent tariff on all goods coming from Canada: "The fact is we need them, and they also need us.

TORONTO — Financial regulators say they're looking into allegations of high-pressure sales practices in Canadian bank branches.

OTTAWA — Canada's financial intelligence agency says it is modernizing with the aim of providing valuable information to police and security officials in real time — or as close to that goal as it can get.

The threat of tariffs added a further drag on the loonie, which has been moving lower against the U.S. dollar since September.

TORONTO — Canadian business leaders say Donald Trump's threat to impose a 25 per cent tariff on all Canadian goods would be a "lose-lose" scenario in which local companies face pressure to lower their costs while their American counterparts pay more.

TORONTO — Consumer debt rose to a record $2.5 trillion in the third quarter as many Canadians continue to struggle with high living costs and rising unemployment, new surveys from two credit bureaus say.

OTTAWA — Bank of Canada deputy governor Rhys Mendes says allowing for a period of price declines may sound tempting, but it would ultimately be more painful for Canadians.

A key issue in bargaining has been a push to expand parcel deliveries into the weekend, but the union and Canada Post are at odds over how to make it work.

NEW YORK (AP) — President-elect Donald Trump is threatening to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office as part of his efforts to crack down on illegal immigration and drugs.

A property tax hike of 5.5 per cent is recommended to balance the budget, which includes a $434-million request from the Vancouver Police Department.