Liberals' grocery benefit payments start for eligible Canadians today
OTTAWA -- One of the federal Liberals' flagship affordability measures will start landing in the bank accounts of eligible Canadians today.
Craig Lord
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Too soon to call recession, says Canadian authority on economic downturns
OTTAWA -- The unofficial authority on recession calls in Canada says it's too soon to use that word to describe the sluggish economy.
Too soon to call recession, says Canadian authority on economic downturns
OTTAWA -- The unofficial authority on recession calls in Canada says it's too soon to use that word to describe the sluggish economy.
Champagne stands his ground after budget watchdog questions fiscal anchor
OTTAWA -- The federal finance minister is standing by his government's projections after Ottawa's budgetary watchdog cast doubt on Ottawa's ability to hit a key fiscal anchor.
Budget watchdog forecasts deeper deficits than Ottawa projected in spring update
OTTAWA -- The parliamentary budget watchdog says Ottawa has less than a one per cent chance of maintaining the fiscal anchor of shrinking the deficit as a share of the economy every year.
Poilievre accuses Carney of ducking questions about Canada's sluggish economy
OTTAWA -- Conservative Leader Pierre Poilievre accused Prime Minister Mark Carney on Monday of avoiding accountability after recent data showed the Canadian economy contracted again.
Liberals prepare to lose climate champion as Guilbeault plans to quit Commons
OTTAWA -- The resignation of one of the most prominent environmental voices in the Liberal caucus was held up Wednesday as a watershed moment for a government accused of prioritizing economic development over climate policy.
Former cabinet minister Steven Guilbeault says he will resign as an MP this summer
OTTAWA -- Former environment minister Steven Guilbeault announced Wednesday that he will resign as a member of Parliament this summer following significant changes to federal climate policy under Prime Minister Mark Carney.
Former cabinet minister Steven Guilbeault says he will resign as an MP this summer as Carney thanks him for his service
OTTAWA -- Former environment minister Steven Guilbeault announced Wednesday that he will resign as a member of Parliament this summer in the wake of significant changes to federal climate policy under Prime Minister Mark Carney.
Carney thanks Steven Guilbeault for his service ahead of MP's resignation
OTTAWA -- Prime Minister Mark Carney thanked former cabinet minister Steven Guilbeault for his contributions to government as the Liberal MP prepared to announce his resignation Wednesday.
Chinese Embassy in Canada denounces MP Chong's visit to Taiwan
OTTAWA -- China's embassy in Canada says a Canadian MP's visit to Taiwan crosses a "red line" at a time when Ottawa is attempting to rebuild its relationship with Beijing.
Ottawa still pledging to double construction pace despite home building headwinds
OTTAWA -- The federal Liberal government is sticking to its pledge to double the pace of home building even as headwinds buffet the construction industry.
Energy sector investment, exchange rate factors in possible Bank of Canada rate hikes
OTTAWA -- The Bank of Canada's governing council says it's weighing a range of different paths for its benchmark interest rate to cope with inflation risks from the Iran war.
Bank of Canada head 'encouraged' by Ottawa's efforts to diversify economy
OTTAWA -- Bank of Canada governor Tiff Macklem says he's "encouraged" by the federal government's efforts to diversify the economy and protect it against increasingly common shocks to global trade.
Liberals target affordability to meet era of uncertainty in spring fiscal update
OTTAWA -- The federal Liberals say they're getting a windfall from better-than-expected fiscal revenues and are largely putting that money back into circulation to support households and build up the economy.
CP NewsAlert: Liberals target affordability to meet era of uncertainty
OTTAWA -- The federal Liberals say they're getting a windfall from better-than-expected fiscal revenues and are largely putting that money back into circulation to support households and build up the economy.
Prime Minister Mark Carney promises 'good news' in spring economic update
OTTAWA -- Prime Minister Mark Carney says the Liberals are "good fiscal managers" — and he'll have the chance to prove it when the federal government tables its spring economic update Tuesday afternoon.
Liberals must show results in spring economic update: former PBO
OTTAWA -- Prime Minister Mark Carney will be under pressure to show results from his economic agenda when his government tables an update to its fiscal outlook on Tuesday.
Housing minister says Liberal ridings aren't favoured for funding after Gladu comment
OTTAWA -- Housing Minister Gregor Robertson says Ottawa is not prioritizing infrastructure funding in Liberal ridings after floor-crossing MP Marilyn Gladu implied earlier this month that she was getting more attention after leaving the Conservatives.
Bank of Canada appoints two deputy governors, dropping 'external' title for one
OTTAWA -- The Bank of Canada is filling two vacancies on its governing council with a pair of economists who are already well known at the central bank.
Inflation expected to jump in March as Iran oil shock enters price data
OTTAWA -- Statistics Canada will reveal the early impacts of the Iran war's oil price shock on inflation when the agency reports its consumer price index for March on Monday.
Poilievre blasts Carney, Liberal economic record in Canadian Club speech
OTTAWA -- Conservative Leader Pierre Poilievre says a new Liberal majority government means Prime Minister Mark Carney no longer has any excuse for failing to deliver on his economic promises.
Liberals to table spring economic statement on April 28
OTTAWA -- Finance Minister François-Philippe Champagne says the federal government will table its spring economic update on April 28.
Liberals plan to suspend federal fuel excise tax until Labour Day
OTTAWA -- The Liberal government will suspend the excise fuel tax on gasoline and diesel until Labour Day as the Iran war sends energy costs surging, Prime Minster Mark Carney announced Tuesday.
Liberals plan to suspend federal fuel excise taxes until Labour Day
OTTAWA -- The Liberal government will suspend the excise fuel tax on gasoline and diesel until Labour Day as the Iran war sends energy costs surging, Prime Minster Mark Carney announced on Tuesday.
CP NewsAlert: Liberals suspend federal fuel excise taxes until Labour Day
OTTAWA -- Prime Minister Mark Carney says Canada will suspend the excise fuel tax on gasoline and diesel until Labour Day as the Iran war sends energy costs surging.
Liberals plan to suspend federal fuel excise taxes until Labour Day
OTTAWA -- The Liberal government will suspend the excise fuel tax on gasoline and diesel until Labour Day as the Iran war sends energy costs surging, Prime Minster Mark Carney announced on Tuesday.
Jobs minister urges youth to pursue skilled trades despite generational stigma
OTTAWA -- Federal Jobs Minister Patty Hajdu says Canada must break the stigma around careers in the skilled trades if the Liberals want to achieve their infrastructure and homebuilding agenda.
Canada condemns Israel for Lebanon strikes, calls on Hezbollah to disarm
OTTAWA -- Canada is condemning Israel for striking Lebanon hours after an apparent ceasefire was struck in the Middle East conflict and is calling on Hezbollah to disarm in favour of diplomatic solutions.
Carney says Canada not considering sanctioning Israel over Lebanon strikes
OTTAWA -- Prime Minister Mark Carney said Thursday Canada is not considering sanctions on Israel after it attacked Lebanon this week and appeared to violate a ceasefire agreement in the Middle East.
Tax cuts not the only way to help Canadians as gas prices rise: economists
OTTAWA -- The federal Conservatives are calling on Ottawa to return some of the revenue from higher gasolines prices to give Canadians a break at the pumps but some economists say cutting gas taxes isn't the only way to deliver relief.
Union claims airlines are 'flying the plane' in Ottawa's unpaid work probe
OTTAWA -- The Canadian Union of Public Employees says the federal government's probe into allegations of unpaid work in the airline sector is not taking workers' arguments seriously.
Bank of Canada relying on 'judgment' to steer policy rate through Iran war shock
OTTAWA -- Monetary policy-makers at the Bank of Canada are relying more heavily on their own reasoning to chart a course for the policy interest rate through conflicting economic signals tied to the war in the Middle East.
Ottawa's fiscal year shaping up better than budget forecasts: BMO economist
OTTAWA -- The federal government's annual deficit for the fiscal year ending today is tracking below Ottawa's own expectations set out the 2025 budget, despite increased spending.
Ottawa extending 2% alcohol tax hike cap for another 2 years
OTTAWA -- The federal government is set to extend its cap on an annual alcohol tax increase for another two years in a bid to rein in costs facing Canada's brewers, wineries and distilleries.
Feds, Ontario pool $8.8B for housing infrastructure to cut development fees
OTTAWA -- The federal and Ontario governments said Monday they will together invest billions of dollars in local infrastructure spending to help cities cut costly development fees and get more homes built.
Carney's budget bill becomes law after passing final Senate hurdle
OTTAWA -- Prime Minister Mark Carney's first budget bill is now law, marking a milestone for the minority Liberal government.
Ottawa proposes $1.7B fund to help provinces lower cost of homebuilding
OTTAWA -- The federal government is proposing a $1.7-billion fund to help provinces and territories lower the cost of homebuilding.
Key figure in Phoenix public service pay transition says he's leaving the team
OTTAWA -- The public servant leading the transition away from the federal government's error-prone Phoenix pay system says he is stepping down because the team no longer needs him.
Budget watchdog nominee promises 'pointy analysis' as MPs question independence
OTTAWA -- Ottawa's choice for the next federal fiscal watchdog promised not to go lightly on the federal government if she is confirmed for the post.
Budget watchdog nominee promises 'pointy analysis' as critics question independence
OTTAWA -- Ottawa's choice for the next federal fiscal watchdog promised not to go lightly on the federal government if she is confirmed for the post.
Budget watchdog nominee Annette Ryan set to testify at finance committee
OTTAWA -- Ottawa's choice for the next federal fiscal watchdog is set to face questions from MPs before she can be confirmed as the next parliamentary budget officer.
PBO nominee Annette Ryan enters spotlight at a pivotal time for federal finances
OTTAWA -- Ottawa's nominee for federal fiscal watchdog will face questions from members of Parliament on Monday after a turbulent period for the budget office.
Inflation cooled in February before oil price shock; last data ahead of BoC rate call
OTTAWA -- Inflation was showing signs of easing in February but economists warn price relief will be short lived as the war in the Middle East fuels surging energy costs.
Annual inflation cools to 1.8% in February, StatCan says
OTTAWA -- Statistics Canada says the annual rate of inflation dipped below two per cent in February as the end of last year's federal "tax holiday" helped take some steam out of the yearly price comparisons.
Automaker allowed more tariff-free U.S. imports due to higher Canadian production
OTTAWA -- Ottawa is letting an unnamed automaker import a higher quota of U.S.-made vehicles without tariffs because the company is selling and making more cars in Canada than first expected.
CP NewsAlert: Liberals nominate Fintrac official Annette Ryan as budget watchdog
OTTAWA -- The Liberal government has nominated a senior official at the national financial intelligence agency as Ottawa's next fiscal watchdog.
Liberals nominate Fintrac official Annette Ryan as new budget watchdog
OTTAWA -- The Liberal government has nominated a senior official from the national financial intelligence agency as Ottawa's next fiscal watchdog.
Rising foreign investment in Canada doesn't tell the whole story, economists say
OTTAWA -- Statistics Canada says the flow of foreign direct investment into the economy came close to a two-decade high last year, while economists caution the volume of capital entering Canada isn't the only metric that matters.
There's no PBO: Ottawa fails to appoint new fiscal watchdog as interim term expires
OTTAWA -- There is currently no parliamentary budget officer scrutinizing federal finances in Ottawa as the interim fiscal watchdog's term expired Monday without a successor in place.
OECD criticizes Ottawa over 'persistent delays' in appointing new budget officer
OTTAWA -- An international economic group is criticizing the federal government over "persistent delays" in appointing new parliamentary budget officers, just as the current officer's interim term is set to expire on Monday with no successor named.
Number of Canadians registered in Mexico rising as airlines resume flights
OTTAWA -- The number of Canadians in Mexico who have registered with Ottawa continued to rise Tuesday, even as airlines resumed flights in and out of Puerto Vallarta and the Global Affairs Canada registration system experienced more delays.
Anand won't say if Canadians should cancel Mexico trips as airlines resume flights
OTTAWA -- Canadian airlines resumed flights in and out of Puerto Vallarta, Mexico, on Tuesday after widespread violence led them to temporarily suspend service on the weekend.
Liberals accept Conservative budget amendments on 'regulatory sandboxes'
OTTAWA -- The federal Liberals accepted a Conservative proposal Monday to put guardrails around proposed new cabinet powers as they debated the government's omnibus budget bill.
MPs settle in for marathon meeting to amend Liberal budget bill
OTTAWA -- Members of Parliament could be in for a marathon day of debate as the federal finance committee faces a tight timeline to amend the Liberals' omnibus budget implementation bill.
Five things Canadians should know about the U.S. Supreme Court tariff ruling
OTTAWA -- The U.S. Supreme Court struck down a set of President Donald Trump's tariffs in a landmark ruling Friday -- but that decision didn't affect all duties on Canadian goods entering the United States.
Finance minister unveils Ottawa's 'follow the money' plan to tackle extortion
OTTAWA -- The federal government is bringing law enforcement and financial institutions together to fight extortion operations targeting Canadian businesses and households.
Food inflation spiked 7.3% in January. Here's what's driving the increase
OTTAWA -- Statistics Canada reported an easing in the headline inflation rate Tuesday but a jump in the pace of food inflation amid tax changes and lingering pressures at the grocery store continue to put the squeeze on consumers.