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The annual rate of inflation eased back below three per cent in June as motorists paid less to fill up the gas tank, Statistics Canada said Monday. Inflation slowed to 2.8 per cent in June, down from the recent high of 3.2 per cent in May and a tick lower than most economists were expecting. The agency pointed to a...
The annual rate of inflation eased back below three per cent in June as motorists paid less to fill up the gas tank, Statistics Canada said Monday.
The federal government has gone from a C student to top of the class in its work to advance internal trade between provinces, says the Canadian Federation of Independent Business. In the federation's latest annual report card on internal trade, the federal government jumped to an A-plus from the C grade it got in 2025. The report card released Wednesday...
OTTAWA -- The federal government has gone from a C student to top of the class in its work to advance internal trade between provinces, says the Canadian Federation of Independent Business.
OTTAWA -- Prime Minister Mark Carney is shifting around some of the senior advisers in his office in a series of moves some Liberal strategists said shows he is putting his own stamp on government.
A better start to the youth summer jobs market helped the economy record steady employment gains in June, Statistics Canada said Friday. Employers added 18,000 jobs last month, the agency said, mostly in part-time and private sector work. That pushed the unemployment rate down a tenth of a point to 6.5 per cent, back to where it stood in January...
A better start to the youth summer jobs market helped the economy record steady employment gains in June, Statistics Canada said Friday.
Liberal MPs shut down a Conservative attempt to have the House of Commons ethics committee investigate the government's plan to turn unsold condos into affordable housing in British Columbia. The Liberal government joined with the B.C. government last month to announce a plan to have the governments buy up 2,200 vacant condo units to convert into affordable housing. The Conservatives...
OTTAWA -- Liberal MPs shut down a Conservative attempt to have the House of Commons ethics committee investigate the government's plan to turn unsold condos into affordable housing in British Columbia.
OTTAWA -- Finance Minster Francois-Philippe Champagne says the Liberals are keeping federal finances under control even as key defence and infrastructure spending details remain under wraps.
OTTAWA -- The federal government is exploring possible guardrails or alternatives to using what she says is a "contentious" section of the Labour Code that allows Ottawa to intervene in bitter bargaining conflicts, Jobs Minister Patty Hajdu said this week.
Eligible Canadians will find a bit more cash in their bank accounts starting today as quarterly payments begin for the federal Liberals’ boosted affordability benefit. The Canada Groceries and Essentials Benefit is paid out to lower-income households every three months and was previously called the GST/HST credit. Eligible households got a one-time payment worth 50 per cent of the benefit’s...
The economy sprung back to life in April with solid enough growth to dismiss the spectres of a recession, according to economists weighing in on the latest data Tuesday.
The foundation in charge of the fundraiser to restore 24 Sussex says it has received more than $100,000 in donations since Prime Minister Mark Carney announced plans to renovate the heritage residence. Rideau Hall Foundation CEO Teresa Marques says in an emailed statement the group is "humbled and moved" by an influx of donations by individual Canadians over the weekend...
The foundation in charge of the fundraiser to restore 24 Sussex says it has received more than $100,000 in donations since Prime Minister Mark Carney announced plans to renovate the heritage residence.
Canada's former chief trade negotiator says he doesn't expect Ottawa to reach a tariff deal with Washington before the U.S. midterm elections. Steve Verheul says while there could be a window ahead of the midterms this fall when the U.S. administration is looking for a win, he thinks it's more likely that negotiations stretch into next year. He says he...
Canada's former chief trade negotiator said Monday he doesn't expect Ottawa to reach a tariff deal with Washington before the U.S. midterm elections.
Federal Jobs Minister Patty Hajdu is looking for ways to turn down the temperature between unions and employers -- particularly when labour acrimony threatens to disrupt critical industries. Unions have seized on Ottawa's review of federal labour laws to make the case for the right to strike and reaffirm their opposition to government intervention in bargaining. Hajdu said in an...
Prime Minister Mark Carney says a proposal to convert unsold condo units in British Columbia into affordable housing is about supporting Canadians, not distressed developers.
Converting British Columbia's glut of unsold condos into affordable housing is about supporting Canadians, not distressed developers, Prime Minister Mark Carney said Thursday in defence of his government's proposal.
Most economists, including at the Bank of Canada, were a bit surprised when Statistics Canada reported late last month that the economy contracted slightly over the first three months of the year. The consensus estimate among economists and monetary policymakers was for real GDP growth of roughly 1.5 per cent annualized in the first quarter. When the figures actually showed...
OTTAWA -- Most economists, including at the Bank of Canada, were a bit surprised when Statistics Canada reported late last month that the economy contracted slightly over the first three months of the year.
OTTAWA -- Officials at the Bank of Canada were seemingly unfazed by economic weakness to start the year as they debated where to take the policy interest rate earlier this month.
Statistics Canada says high gas prices pushed the annual rate of inflation to 3.2 per cent in May. That’s up from 2.8 per cent in April and marks the first time annual inflation has topped three per cent since late 2023. The agency says gas prices rose for the third consecutive month in May thanks to the Middle East war...
A third straight month of rising gas prices from the war in Iran pushed the annual rate of inflation above three per cent for the first time since 2023, Statistics Canada said Monday.
OTTAWA -- The federal fiscal watchdog says Ottawa's plan to roll out automatic tax filing could see Canadians who normally don't file their tax returns get thousands of dollars in owed benefits annually.
OTTAWA -- Taxpayers' Ombudsperson Francois Boileau is pushing for simplified, automated tax filing as his office faces its highest number of complaints in three years.
Canada's ambassador to the United States says "it's all going to be OK" with the renewal date for the North American trade pact just a few weeks away.
Finance Minister Francois-Phillippe Champagne says he "followed all the rules" to make sure he wasn't in a conflict of interest related to the Alto high-speed rail project. The minister testified at the parliamentary ethics committee Thursday after months of scrutiny from the federal Conservatives over his involvement in the proposed $90-billion high-speed rail project between Toronto and Quebec City. Champagne...
OTTAWA -- Finance Minister Francois-Phillippe Champagne says he "followed all the rules" to make sure he wasn't in a conflict of interest related to the Alto high-speed rail project.
OTTAWA -- A group of senators is arguing Canada needs to overhaul its labour laws to avoid work stoppages in critical sectors if it wants to be seen as a reliable trading partner on the global stage.
Bank of Canada governor Tiff Macklem doesn't think the economy is in a recession, but he does acknowledge some recent weakness — something other economists argue should give the central bank more leeway to keep its key interest rate steady for the rest of the year.
Bank of Canada governor Tiff Macklem doesn't think the economy is in a recession, but he does acknowledge some recent weakness — something other economists argue should give the central bank more leeway to keep its key interest rate steady for the rest of the year.
Conservative Leader Pierre Poilievre is expected to argue a change in federal policies would ease separatist concerns in Alberta when he makes a speech in Calgary on Monday. In an excerpt of that speech shared with The Canadian Press, Poilievre says separatist voices do not have an issue with their fellow Canadians, "they have a problem with the federal government."...
OTTAWA -- Conservative Leader Pierre Poilievre is expected to argue a change in federal policies would ease separatist concerns in Alberta when he makes a speech in Calgary on Monday.
The unofficial authority on recession calls in Canada says it's too soon to use that word to describe the sluggish economy. Debate has raged on Parliament Hill over whether the country is in a recession since Statistics Canada reported last week that the economy contracted for two quarters in a row. The C.D. Howe Institute's Business Cycle Council is traditionally...
OTTAWA -- One of the federal Liberals' flagship affordability measures will start landing in the bank accounts of eligible Canadians today.
A surprisingly strong May jobs report has reinforced many economists' views that the Canadian economy is not in a recession. Statistics Canada reported Friday that the economy added 88,000 jobs in May, topping economists' expectations for a gain of 10,000 positions. The agency said the unemployment rate fell to 6.6 per cent last month, down from 6.9 per cent in...
A surprisingly strong May jobs report has reinforced many economists' views that the Canadian economy is not in a recession.
OTTAWA -- The unofficial authority on recession calls in Canada says it's too soon to use that word to describe the sluggish economy.
OTTAWA -- The unofficial authority on recession calls in Canada says it's too soon to use that word to describe the sluggish economy.
The labour market rebounded with a surprise gain of 88,000 jobs in May, partially offsetting a bigger drop in employment since the start of the year, Statistics Canada said Friday. The agency said the unemployment rate fell to 6.6 per cent in May, down from 6.9 per cent in April. StatCan said May’s gains were the first significant increase in...
The labour market rebounded with a surprise gain of 88,000 jobs in May, partially offsetting a bigger drop in employment since the start of the year, Statistics Canada said Friday.
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. Parliamentary Budget Officer Annette Ryan on Thursday released her office's first economic and fiscal update since she assumed the role in April. Ryan predicts annual deficits will average $4.6 billion higher than Ottawa projected in...
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.
The federal government's budget watchdog says Ottawa has less than a one per cent chance of maintaining the key fiscal anchor of shrinking the deficit as a share of the economy every year. Parliamentary Budget Officer Annette Ryan today released her office's first economic and fiscal update since she assumed the role in April.
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.
Conservative Leader Pierre Poilievre accused Prime Minister Mark Carney on Monday of avoiding accountability after recent data showed the Canadian economy contracted again. Statistics Canada said Friday that real gross domestic product declined 0.1 per cent on an annualized basis in the first quarter. That's the second consecutive quarterly contraction to start the year, meeting some definitions of a technical...
OTTAWA -- Conservative Leader Pierre Poilievre accused Prime Minister Mark Carney on Monday of avoiding accountability after recent data showed the Canadian economy contracted again.
Statistics Canada says economic growth stalled in the first quarter, leading to a second consecutive decline in real gross domestic product. That meets some definitions for a technical recession, though not all economists weighing in on StatCan's Friday report were convinced the label was necessary. Real gross domestic product by expenditure was essentially unchanged on a quarter-over-quarter basis, StatCan said...
Statistics Canada says economic growth stalled in the first quarter, leading to a second consecutive decline in real gross domestic product.
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 Liberal cabinet minister Stephen Guilbeault has announced he will leave his seat as a member of Parliament this summer. "I have come to the conclusion that...
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.
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.
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.
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. "I have come to the conclusion that it is time for me to pursue my fight for environmental protection and the fight against climate change in a different way," the...
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.
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. Conservative MP Michael Chong is in Taiwan this week to meet with Taiwanese officials and assert Canadian sovereignty after China's ambassador to Canada warned MPs against travelling to Taiwan in an interview...
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.
