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Economy, Law & Politics

Vancouver's 2025 draft operating budget reaches $2.36 billion

Vancouver's 2025 draft operating budget reaches $2.36 billion

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.
Premiers seek 'urgent' meeting with Trudeau before Trump returns to White House

Premiers seek 'urgent' meeting with Trudeau before Trump returns to White House

OTTAWA — Canada's premiers are asking Prime Minister Justin Trudeau to hold an urgent first ministers' meeting ahead of the return to office of president-elect Donald Trump.
Miller to propose more changes to immigration and asylum system

Miller to propose more changes to immigration and asylum system

Immigration Minister Marc Miller told the House of Commons immigration committee Monday that the asylum and refugee system is not working the way it should due to volume and inefficiency.
LifeLabs data breach report released after firm loses four-year bid to keep it quiet

LifeLabs data breach report released after firm loses four-year bid to keep it quiet

B.C. Information and Privacy Commissioner Michael Harvey says in a statement that "the road to accountability and transparency has been too long" for the victims of the data breach.
Freeland says the two-month GST holiday is meant to tackle the 'vibecession'

Freeland says the two-month GST holiday is meant to tackle the 'vibecession'

OTTAWA — The federal government is hoping a temporary break on GST will address a "vibecession" that has gripped Canadians, Finance Minister Chrystia Freeland said Monday. Prime Minister Justin Trudeau announced last week that starting Dec.
S&P/TSX composite down Monday, U.S. stocks continue to rise

S&P/TSX composite down Monday, U.S. stocks continue to rise

TORONTO — Canada's main stock index moved lower Monday, weighed down by energy stocks as the price of oil fell, while U.S. stock markets rose. The S&P/TSX composite index closed down 33.93 points at 25,410.
‘Not good for tax policy’: Economists question rationale of Ottawa’s new stimulus package

‘Not good for tax policy’: Economists question rationale of Ottawa’s new stimulus package

Coming in at around 0.2 per cent of gross domestic product, Ottawa’s package will ripple through the economy – but it’s hardly a game-changer
Stock market today: Wall Street closes higher as the Dow reaches another record

Stock market today: Wall Street closes higher as the Dow reaches another record

NEW YORK (AP) — Stocks closed higher on Wall Street, sending the Dow Jones Industrial Average to another all-time high. The Dow added 1% Monday to the record it set on Friday. The S&P 500 rose 0.3%, while the Nasdaq composite rose 0.3%.
Long-awaited carbon rebate for businesses being sent earlier than promised

Long-awaited carbon rebate for businesses being sent earlier than promised

The funds were to go out next month but Small Business Minister Rechie Valdez says the payments are being sent now instead.
Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: Postal strike A strike by about 55,000 workers at Canada Post heads into its second week ahead of the key holiday season.