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Economy, Law & Politics

Canada's economy heated up heading into 2025 — now comes Trump

Canada's economy heated up heading into 2025 — now comes Trump

OTTAWA — Canada's economy was heating up heading into 2025, but the return of U.S. President Donald Trump to the White House threatens to snuff out those burgeoning flames. Statistics Canada reported Friday that real gross domestic product rose 2.
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B.C. man banned from capital markets for role in massive U.S. fraud scheme

B.C. man banned from capital markets for role in massive U.S. fraud scheme

Amar Bahadoorsingh was ordered to pay the U.S. SEC $1.4 million after being found liable for stock fraud after partnering with a Vancouver network of fraudsters
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Ottawa posts $21.7 billion deficit for April-to-December period

Ottawa posts $21.7 billion deficit for April-to-December period

OTTAWA — The federal government posted a budgetary deficit of $21.7 billion for the April-to-December period of its 2024-25 fiscal year. The result compared with a deficit of $23.6 billion for the same period a year earlier.
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B.C. audit finds no co-ordination on the implementation of childcare promises

B.C. audit finds no co-ordination on the implementation of childcare promises

Seven years after promising to add capacity in regional health authorities to license, monitor, and investigate childcare facilities, the British Columbia government doesn't know if it has done those things, the province's acting auditor general says
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Here’s what Vancouver council said in 6-3 decision to pause new supportive housing

Here’s what Vancouver council said in 6-3 decision to pause new supportive housing

Mayor Ken Sim: 'There's a lot of emotion on both sides of this.'
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Trudeau calls idea of banning Trump from attending G7 summit 'irresponsible'

Trudeau calls idea of banning Trump from attending G7 summit 'irresponsible'

OTTAWA — Prime Minister Justin Trudeau has rejected NDP Leader Jagmeet Singh's call for the federal government to bar U.S. President Donald Trump from coming to Canada for the G7 summit this June.
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Groups call on Ottawa to activate foreign influence registry as election approaches

Groups call on Ottawa to activate foreign influence registry as election approaches

OTTAWA — Members of diaspora communities are urging Ottawa to get its planned foreign influence transparency registry up and running before the coming general election.
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S&P/TSX composite down 200 points, U.S. stock markets slide

S&P/TSX composite down 200 points, U.S. stock markets slide

TORONTO — Canada's main stock index fell 200 points Thursday amid widespread weakness, while U.S. stock markets slid in the afternoon after a mixed trading day, led by a 2.8 per cent decline on the Nasdaq.
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Stock market today: Wall Street falls sharply as Nvidia tumbles 8% and AI mania falters

Stock market today: Wall Street falls sharply as Nvidia tumbles 8% and AI mania falters

NEW YORK (AP) — U.S. stock indexes fell sharply as Wall Street’s frenzy around artificial-intelligence technology faltered some more. The S&P 500 sank 1.6% Thursday for its fifth drop in six days after setting an all-time high last week.
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Big banks report earnings beats ahead of potential tariff tempest

Big banks report earnings beats ahead of potential tariff tempest

TORONTO — In what could be a near-term high water mark, all of Canada's Big Six banks beat analyst expectations in the first quarter as the economy chugged along through the end of January despite the growing threat of tariffs and the apparent crumbl
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