Business

Fall fiscal update to grapple with Trump presidency, expected to show larger deficit

OTTAWA — The Liberals' fall economic statement Monday is expected to show a larger-than-promised deficit and offer details on how the government will tackle the threat of U.S. tariffs ahead of Donald...

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Premiers push Ottawa to build Northern infrastructure after Arctic foreign policy

OTTAWA — Canada's Northern premiers are pitching the federal government to dip into its defence budget as a way to bolster Arctic infrastructure and help meet the NATO spending target in the process. The...

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Blame Taylor Swift? Economists see November inflation staying at 2% or slightly rising

TORONTO — Inflation likely hovered at or a little above the Bank of Canada's two per cent target rate in November, economists expect, after Taylor Swift's Eras Tour swept through Toronto and offered...

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Federal government's two-month GST holiday begins

A two-month break from the federal GST takes effect today. The federal government announced the plan to temporarily waive the five per cent goods and services tax in a bid to help ease affordability...

12h ago

Trump's 'strategy' is to create economic uncertainty in other countries: Freeland

OTTAWA — Finance Minister Chrystia Freeland says with Donald Trump as president, the United States has an open strategy of creating economic uncertainty in other countries to discourage investment outside...
National chief urges MPs to send water bill to Senate before holiday break

OTTAWA — The national chief of the Assembly of First Nations is calling on all members of Parliament to send a First Nations water bill to the Senate before the holiday break, saying the water crisis...
Canadian airline execs to testify before parliamentary committee about bag fees

OTTAWA — Canadian airline executives are set to testify before a parliamentary committee about their decisions to introduce carry-on bag fees for travellers. The CEOs of Air Canada and WestJet will...
Ottawa to remove 30% investment cap for Canadian pension funds

Finance Minister Chrystia Freeland says the upcoming fall economic statement on Monday will remove the cap that currently restricts Canadian pension funds from owning more than 30 per cent of the voting...
Statistics Canada reports manufacturing and wholesale sales up in October

OTTAWA — Statistics Canada says wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, rose one per cent to $83.7 billion in October. The...
Canadian airline CEOs to face questioning about changes to carry-on luggage fees

The CEOs of Canada's largest airlines will face questions on Friday regarding recent changes to carry-on baggage fees. The head officials for Porter Airlines, Air Transat, WestJet, and Air Canada will...